Millennium Management Portfolio holdings
Millennium Management, founded in 1989 by Israel (Izzy) Englander and Ronald Shear and headquartered in New York City, is a global multi-strategy hedge fund managing over $71 billion in assets as of late 2024, employing a decentralized model with over 300 independent trading teams. Operating across equities, fixed income, commodities, currencies, and derivatives, the firm uses a mix of quantitative and fundamental strategies, providing its portfolio managers with capital, infrastructure, and autonomy to pursue diverse investment approaches while enforcing strict risk management. With more than 5,400 employees across offices in London, Hong Kong, Singapore, and beyond, Millennium has evolved from its initial $35 million seed capital—partly from the Belzberg family—into a titan of the hedge fund world, known for its ability to attract top talent and deliver consistent returns. Under Englander’s leadership as chairman and CEO, the firm remains a low-profile yet highly influential force in global finance.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ConocoPhillips
COP
|
+$164M |
| 2 |
PepsiCo
PEP
|
+$159M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$154M |
| 4 |
AT&T
T
|
+$145M |
| 5 |
Fidelity National Information Services
FIS
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$250M |
| 2 |
PPL
PPL Corp
PPL
|
+$240M |
| 3 |
Occidental Petroleum
OXY
|
+$222M |
| 4 |
Lowe's Companies
LOW
|
+$180M |
| 5 |
American Electric Power
AEP
|
+$170M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 11.86% |
| 2 | Energy | 9.13% |
| 3 | Technology | 8.92% |
| 4 | Consumer Discretionary | 8.64% |
| 5 | Financials | 8.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
Deere & Co
DE
$168B
| $19.2M | 0.05% |
248,882
+9,193
| +4% | +$720K |
|
|
AKS
502
DELISTED
AK Steel Holding Corp
AKS
| $19.2M | 0.05% |
4,639,184
+4,563,389
| +6,021% | +$13.1M |
|
|
ADT
503
DELISTED
ADT Corp
ADT
| $19.2M | 0.05% |
+464,337
| New | +$16.3M |
|
504
Global Payments
GPN
$22.8B
| $19M | 0.05% |
291,527
-48,697
| -14% | -$2.89M |
|
505
ICU Medical
ICUI
$4.61B
| $19M | 0.05% |
182,232
+44,732
| +33% | +$4.28M |
|
|
ENIA
506
DELISTED
Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock)
ENIA
| $19M | 0.05% |
2,528,294
+554,815
| +28% | +$3.72M |
|
|
507
Occidental Petroleum
OXY
$55.9B
| $18.9M | 0.05% |
276,861
-3,308,447
| -92% | -$222M |
|
|
CTB
508
DELISTED
Cooper Tire & Rubber Co.
CTB
| $18.8M | 0.05% |
508,586
+196,820
| +63% | +$7.21M |
|
509
Manhattan Associates
MANH
$11.4B
| $18.8M | 0.05% |
330,213
+102,924
| +45% | +$5.73M |
|
|
GIMO
510
DELISTED
Gigamon Inc.
GIMO
| $18.8M | 0.05% |
604,997
-338,914
| -36% | -$8.84M |
|
|
MNDT
511
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $18.7M | 0.05% |
1,039,611
-388,335
| -27% | -$6.33M |
|
|
CLGX
512
DELISTED
Corelogic, Inc.
CLGX
| $18.7M | 0.05% |
538,211
+68,409
| +15% | +$2.32M |
|
513
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.66B
| $18.6M | 0.05% |
15,443
-1,955
| -11% | -$2.3M |
|
|
TFM
514
DELISTED
THE FRESH MARKET, INC COM STK
TFM
| $18.6M | 0.05% |
652,076
+625,265
| +2,332% | +$14.3M |
|
515
Vornado Realty Trust
VNO
$7.38B
| $18.6M | 0.05% |
+243,569
| New | +$17.7M |
|
516
Allison Transmission
ALSN
$9.82B
| $18.6M | 0.05% |
688,479
+447,118
| +185% | +$10.9M |
|
|
QIHU
517
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $18.5M | 0.05% |
+245,190
| New | +$17.7M |
|
518
Republic Services
RSG
$65.7B
| $18.5M | 0.05% |
388,459
-1,078
| -0.3% | -$48.9K |
|
519
PUT
Transocean
RIG
$5.82B
| $18.5M | 0.05% |
2,103,700
| – | – |
|
520
Wayfair
W
$14.6B
| $18.5M | 0.05% |
+427,168
| New | +$17.7M |
|
521
JetBlue
JBLU
$2.29B
| $18.4M | 0.05% |
869,904
+356,783
| +70% | +$7.5M |
|
522
Red Robin
RRGB
$152M
| $18.3M | 0.05% |
284,541
-3,390
| -1% | -$211K |
|
|
ABCO
523
DELISTED
Advisory Board Co
ABCO
| $18.3M | 0.05% |
568,053
+513,778
| +947% | +$19.2M |
|
524
Equinor
EQNR
$92.4B
| $18.3M | 0.05% |
1,177,282
+148,313
| +14% | +$2.07M |
|
525
Willis Towers Watson
WTW
$32B
| $18.3M | 0.05% |
154,251
+66,315
| +75% | +$7.63M |
|
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Millennium Management's Q1 2016 Portfolio in Review
As of Q1 2016, Millennium Management held 4,057 positions worth $40B, down 16% from $47.6B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Millennium Management withdrew a net $6.85B in Q1 2016, closing 847 positions and reducing 1,408 holdings. Its most notable exit was Walmart Inc, an estimated $142M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 12% of assets, down from 12% a quarter earlier, followed by Energy and Technology.
Against the trend, Millennium Management opened a new position in ConocoPhillips worth $174M.
- Millennium Management's largest Q1 2016 buy was ConocoPhillips: 4,324,124 shares worth $174M.
- Millennium Management added most to PepsiCo in Q1 2016, an estimated $159M increase.
- Millennium Management's biggest Q1 2016 reduction was NextEra Energy, cutting an estimated $250M.
- Millennium Management fully exited Walmart Inc in Q1 2016, selling an estimated $142M.
- Millennium Management's ten largest holdings make up 11% of its $40B portfolio in Q1 2016.
- Millennium Management opened 691 new positions and closed 847 in Q1 2016.
- Millennium Management's portfolio value fell 16% quarter-over-quarter to $40B.
Based on Millennium Management's 13F filing for Q1 2016, filed 16 May 2016.