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 | |
|---|---|---|---|---|---|---|
|
STAY
801
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $10.5M | 0.03% |
645,996
-673,295
| -51% | -$9.39M |
|
|
DNB
802
DELISTED
Dun & Bradstreet
DNB
| $10.5M | 0.03% |
102,011
+58,383
| +134% | +$5.67M |
|
803
Itaú Unibanco
ITUB
$87.5B
| $10.5M | 0.03% |
2,707,094
-331,962
| -11% | -$1.01M |
|
|
TEN
804
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $10.5M | 0.03% |
203,463
+47,354
| +30% | +$2.08M |
|
805
SPDR Gold Trust
GLD
$141B
| $10.5M | 0.03% |
88,892
-14,292
| -14% | -$1.62M |
|
806
Telephone and Data Systems
TDS
$3.75B
| $10.4M | 0.03% |
346,557
-1,281,934
| -79% | -$32.3M |
|
|
BT
807
DELISTED
BT Group plc (ADR)
BT
| $10.4M | 0.03% |
324,718
+299,707
| +1,198% | +$10M |
|
808
iShares Silver Trust
SLV
$30.7B
| $10.4M | 0.03% |
709,351
-656,751
| -48% | -$9.32M |
|
809
Ovintiv
OVV
$16.4B
| $10.4M | 0.03% |
341,849
-3,554,488
| -91% | -$81.8M |
|
|
ISEE
810
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $10.4M | 0.03% |
246,229
-834,396
| -77% | -$42.5M |
|
811
CALL
Johnson & Johnson
JNJ
$625B
| $10.4M | 0.03% |
100,000
+50,000
| +100% | +$5.18M |
|
812
Assurant
AIZ
$14.3B
| $10.4M | 0.03% |
134,605
+68,649
| +104% | +$5.21M |
|
|
NSTG
813
DELISTED
NanoString Technologies, Inc.
NSTG
| $10.4M | 0.03% |
681,631
+64,811
| +11% | +$916K |
|
814
Smith & Nephew
SNN
$12.6B
| $10.3M | 0.03% |
310,632
-43,847
| -12% | -$1.44M |
|
|
CBI
815
DELISTED
Chicago Bridge & Iron Nv
CBI
| $10.3M | 0.03% |
+282,817
| New | +$10.1M |
|
|
GTLS
816
DELISTED
Chart Industries
GTLS
| $10.3M | 0.03% |
476,381
-586,279
| -55% | -$10.5M |
|
|
817
PUT
ConocoPhillips
COP
$141B
| $10.3M | 0.03% |
256,600
+156,600
| +157% | +$5.95M |
|
818
TransUnion
TRU
$15.3B
| $10.3M | 0.03% |
+373,929
| New | +$9.48M |
|
819
Vishay Intertechnology
VSH
$5.43B
| $10.3M | 0.03% |
842,684
+408,928
| +94% | +$4.7M |
|
820
Prothena Corp
PRTA
$450M
| $10.2M | 0.03% |
248,522
+245,388
| +7,830% | +$9.6M |
|
821
Burlington
BURL
$23.2B
| $10.2M | 0.03% |
181,558
-230,291
| -56% | -$12M |
|
822
Carnival Corporation Ltd
CCL
$39.7B
| $10.2M | 0.03% |
192,984
-1,687,704
| -90% | -$81.7M |
|
823
Coherent
COHR
$74.2B
| $10.2M | 0.03% |
468,010
+246,839
| +112% | +$4.9M |
|
|
PTLA
824
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $10.1M | 0.03% |
496,555
-1,151,427
| -70% | -$36.5M |
|
|
WLL
825
DELISTED
Whiting Petroleum Corporation
WLL
| $10.1M | 0.03% |
4,227
-25,304
| -86% | -$49.7M |
|
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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.