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 | |
|---|---|---|---|---|---|---|
1051
Prestige Consumer Healthcare
PBH
$2.6B
| $6.97M | 0.02% |
130,580
-18,646
| -12% | -$918K |
|
1052
PUT
General Mills
GIS
$19.7B
| $6.97M | 0.02% |
+110,000
| New | +$6.39M |
|
1053
Employers Holdings
EIG
$889M
| $6.95M | 0.02% |
247,041
-56,984
| -19% | -$1.49M |
|
|
WNR
1054
DELISTED
Western Refining Inc
WNR
| $6.95M | 0.02% |
238,959
-962,401
| -80% | -$29M |
|
1055
Ericsson
ERIC
$33.3B
| $6.92M | 0.02% |
+690,078
| New | +$6.36M |
|
|
PGRE
1056
DELISTED
Paramount Group
PGRE
| $6.92M | 0.02% |
433,893
-311,265
| -42% | -$4.97M |
|
1057
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.8B
| $6.91M | 0.02% |
174,790
-401,430
| -70% | -$15M |
|
1058
ProShares Ultra Silver
AGQ
$1.38B
| $6.91M | 0.02% |
210,427
+69,542
| +49% | +$2.16M |
|
1059
Viavi Solutions
VIAV
$9.66B
| $6.89M | 0.02% |
1,005,057
+381,993
| +61% | +$2.3M |
|
1060
Usana Health Sciences
USNA
$286M
| $6.88M | 0.02% |
113,370
-12,562
| -10% | -$740K |
|
1061
State Street Industrial Select Sector SPDR ETF
XLI
$34.6B
| $6.88M | 0.02% |
124,081
+22,624
| +22% | +$1.17M |
|
1062
Haemonetics
HAE
$4B
| $6.87M | 0.02% |
196,356
+95,631
| +95% | +$3.09M |
|
|
WCN
1063
Waste Connections
WCN
$42B
| $6.84M | 0.02% |
158,942
+102,471
| +181% | +$4.13M |
|
1064
Waste Management
WM
$91B
| $6.84M | 0.02% |
115,942
-650,367
| -85% | -$35.9M |
|
1065
Cincinnati Financial
CINF
$27.1B
| $6.84M | 0.02% |
104,633
-76,698
| -42% | -$4.67M |
|
|
RHT
1066
DELISTED
Red Hat Inc
RHT
| $6.83M | 0.02% |
91,734
-54,897
| -37% | -$3.87M |
|
1067
iShares 7-10 Year Treasury Bond ETF
IEF
$47.3B
| $6.81M | 0.02% |
61,721
+27,505
| +80% | +$3M |
|
1068
M/I Homes
MHO
$3.84B
| $6.79M | 0.02% |
364,138
+317,627
| +683% | +$5.71M |
|
1069
Idexx Laboratories
IDXX
$46.2B
| $6.79M | 0.02% |
+86,659
| New | +$6.24M |
|
1070
RPM International
RPM
$15B
| $6.79M | 0.02% |
143,395
-209,271
| -59% | -$8.67M |
|
|
ISLE
1071
DELISTED
Isle of Capri Casinos Inc
ISLE
| $6.78M | 0.02% |
484,589
-127,699
| -21% | -$1.57M |
|
1072
Unisys
UIS
$217M
| $6.78M | 0.02% |
880,771
+705,637
| +403% | +$6.72M |
|
|
AMJ
1073
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
| $6.75M | 0.02% |
+249,162
| New | +$6.28M |
|
1074
Chemours
CC
$2.37B
| $6.74M | 0.02% |
962,934
-1,653,931
| -63% | -$8.31M |
|
1075
NVR
NVR
$17B
| $6.73M | 0.02% |
3,883
+2,411
| +164% | +$3.9M |
|
Similar funds
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.