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 | |
|---|---|---|---|---|---|---|
|
ULTI
1201
DELISTED
Ultimate Software Group Inc
ULTI
| $5.45M | 0.01% |
28,183
-2,631
| -9% | -$458K |
|
|
NRF
1202
DELISTED
NorthStar Realty Finance Corp.
NRF
| $5.45M | 0.01% |
415,593
-1,745,902
| -81% | -$21.4M |
|
1203
Novavax
NVAX
$1.31B
| $5.45M | 0.01% |
+52,775
| New | +$5.66M |
|
1204
PUT
Broadcom
AVGO
$2.04T
| $5.44M | 0.01% |
352,000
+2,000
| +0.6% | +$27K |
|
1205
PUT
Packaging Corp of America
PKG
$22.8B
| $5.44M | 0.01% |
90,000
+40,000
| +80% | +$2.14M |
|
1206
Vanguard Total International Bond ETF
BNDX
$83.1B
| $5.43M | 0.01% |
99,484
+44,750
| +82% | +$2.4M |
|
|
INN
1207
Summit Hotel Properties
INN
$700M
| $5.42M | 0.01% |
452,915
+179,614
| +66% | +$1.91M |
|
1208
PUT
iShares US Home Construction ETF
ITB
$2.41B
| $5.42M | 0.01% |
+200,000
| New | +$4.92M |
|
|
PNK
1209
DELISTED
Pinnacle Entertainment Inc.
PNK
| $5.41M | 0.01% |
154,194
+93,525
| +154% | +$2.82M |
|
|
PGND
1210
DELISTED
PRESS GANEY HOLDINGS INC COM STK (DE)
PGND
| $5.4M | 0.01% |
179,669
+22,574
| +14% | +$642K |
|
1211
Pembina Pipeline
PBA
$27.6B
| $5.37M | 0.01% |
+199,149
| New | +$4.64M |
|
|
LOGM
1212
DELISTED
LogMein, Inc.
LOGM
| $5.37M | 0.01% |
106,342
+41,285
| +63% | +$2.13M |
|
1213
CALL
Teva Pharmaceuticals
TEVA
$41.2B
| $5.35M | 0.01% |
100,000
| – | – |
|
|
PTR
1214
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $5.34M | 0.01% |
80,581
+4,378
| +6% | +$276K |
|
|
NGHC
1215
DELISTED
National General Holdings Corp
NGHC
| $5.33M | 0.01% |
246,732
-123,942
| -33% | -$2.5M |
|
|
DWRE
1216
DELISTED
DEMANDWARE INC COM STK (DE)
DWRE
| $5.29M | 0.01% |
+135,352
| New | +$5.25M |
|
|
ALJ
1217
DELISTED
Alon USA Energy Inc
ALJ
| $5.26M | 0.01% |
509,970
-133,662
| -21% | -$1.51M |
|
|
DGI
1218
DELISTED
DigitalGlobe Inc.
DGI
| $5.26M | 0.01% |
303,819
-387,524
| -56% | -$5.78M |
|
1219
Acco Brands
ACCO
$407M
| $5.25M | 0.01% |
584,843
+186,127
| +47% | +$1.3M |
|
1220
Yelp
YELP
$1.41B
| $5.25M | 0.01% |
264,169
-448,706
| -63% | -$9.18M |
|
|
DPLO
1221
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
| $5.24M | 0.01% |
191,401
-825,066
| -81% | -$24.3M |
|
1222
Clean Energy Fuels
CLNE
$346M
| $5.24M | 0.01% |
1,788,848
+1,270,869
| +245% | +$3.57M |
|
1223
Tower Semiconductor
TSEM
$28.5B
| $5.23M | 0.01% |
431,780
+181,319
| +72% | +$2.28M |
|
1224
CareTrust REIT
CTRE
$9.74B
| $5.23M | 0.01% |
411,894
-86,951
| -17% | -$963K |
|
|
QUNR
1225
DELISTED
Qunar Cayman Islands Limited
QUNR
| $5.23M | 0.01% |
131,728
+127,064
| +2,724% | +$4.9M |
|
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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.