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 | |
|---|---|---|---|---|---|---|
|
SIEN
1326
DELISTED
Sientra, Inc.
SIEN
| $4.37M | 0.01% |
63,850
+15,431
| +32% | +$1.16M |
|
|
SBY
1327
DELISTED
Silver Bay Realty Trust Corp.
SBY
| $4.36M | 0.01% |
293,703
-13,585
| -4% | -$191K |
|
|
VRTU
1328
DELISTED
Virtusa Corporation
VRTU
| $4.36M | 0.01% |
116,389
-55,181
| -32% | -$2.09M |
|
|
EFOR
1329
Everforth Inc
EFOR
$1.32B
| $4.36M | 0.01% |
118,076
+58,543
| +98% | +$2.07M |
|
1330
Ryanair
RYAAY
$31.3B
| $4.34M | 0.01% |
126,470
+24,970
| +25% | +$824K |
|
|
TCP
1331
DELISTED
TC Pipelines LP
TCP
| $4.34M | 0.01% |
+90,000
| New | +$4.08M |
|
|
TARO
1332
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $4.31M | 0.01% |
+30,114
| New | +$4.28M |
|
1333
Movado Group
MOV
$841M
| $4.3M | 0.01% |
156,176
+128,778
| +470% | +$3.45M |
|
1334
LendingTree
TREE
$451M
| $4.29M | 0.01% |
43,871
-164,815
| -79% | -$12.9M |
|
1335
PUT
Louisiana-Pacific
LPX
$5.49B
| $4.28M | 0.01% |
250,000
+100,000
| +67% | +$1.58M |
|
1336
New Mountain Finance
NMFC
$732M
| $4.28M | 0.01% |
338,551
-13,584
| -4% | -$165K |
|
1337
FreightCar America
RAIL
$260M
| $4.27M | 0.01% |
273,929
+144,338
| +111% | +$2.49M |
|
1338
CALL
VanEck Gold Miners ETF
GDX
$27.4B
| $4.27M | 0.01% |
213,600
+63,600
| +42% | +$1.09M |
|
|
VXX
1339
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $4.26M | 0.01% |
15,103
+8,812
| +140% | +$3.32M |
|
1340
Repligen
RGEN
$9.25B
| $4.25M | 0.01% |
158,495
-129,194
| -45% | -$3.16M |
|
1341
Zebra Technologies
ZBRA
$17.8B
| $4.25M | 0.01% |
61,601
-591,601
| -91% | -$37M |
|
1342
AngloGold Ashanti
AU
$48.7B
| $4.25M | 0.01% |
310,261
-883,627
| -74% | -$9.57M |
|
1343
Corning
GLW
$143B
| $4.23M | 0.01% |
202,691
-335,398
| -62% | -$6.22M |
|
|
INFI
1344
DELISTED
Infinity Pharmaceuticals, Inc.
INFI
| $4.22M | 0.01% |
800,361
-655,924
| -45% | -$4.01M |
|
1345
GE Aerospace
GE
$384B
| $4.22M | 0.01% |
27,680
-253,571
| -90% | -$35.8M |
|
1346
ABM Industries
ABM
$2.84B
| $4.21M | 0.01% |
130,358
-179,930
| -58% | -$5.43M |
|
1347
InterDigital
IDCC
$8.89B
| $4.21M | 0.01% |
75,593
-401,050
| -84% | -$19.4M |
|
|
PKY
1348
DELISTED
Parkway, Inc.
PKY
| $4.2M | 0.01% |
267,969
-861,596
| -76% | -$12M |
|
|
IQNT
1349
DELISTED
Inteliquent, Inc.
IQNT
| $4.2M | 0.01% |
261,350
+11,404
| +5% | +$189K |
|
1350
HEICO Corp Class A
HEI.A
$37.2B
| $4.19M | 0.01% |
+215,115
| New | +$3.94M |
|
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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.