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 | |
|---|---|---|---|---|---|---|
1426
Travelers Companies
TRV
$80.2B
| $3.69M | 0.01% |
31,588
+18,496
| +141% | +$2.02M |
|
1427
Barrett Business Services
BBSI
$804M
| $3.66M | 0.01% |
509,776
+343,476
| +207% | +$2.96M |
|
|
FCAM
1428
DELISTED
Fiat Chrysler Automobiles N.V.
FCAM
| $3.66M | 0.01% |
50,000
| – | – |
|
1429
Silicon Laboratories
SLAB
$7.23B
| $3.66M | 0.01% |
81,337
-24,908
| -23% | -$1.07M |
|
1430
iShares TIPS Bond ETF
TIP
$14.7B
| $3.65M | 0.01% |
+31,815
| New | +$3.55M |
|
1431
Mueller Industries
MLI
$15.2B
| $3.64M | 0.01% |
495,416
+101,944
| +26% | +$673K |
|
1432
Insperity
NSP
$2.01B
| $3.63M | 0.01% |
140,548
-30,908
| -18% | -$727K |
|
|
CQH
1433
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $3.63M | 0.01% |
201,076
-160,876
| -44% | -$2.53M |
|
|
SIX
1434
DELISTED
Six Flags Entertainment Corp.
SIX
| $3.63M | 0.01% |
65,391
-84,251
| -56% | -$4.34M |
|
|
BERY
1435
CALL
DELISTED
Berry Global Group, Inc.
BERY
| $3.62M | 0.01% |
+108,900
| New | +$3.17M |
|
|
BNFT
1436
DELISTED
Benefitfocus, Inc.
BNFT
| $3.61M | 0.01% |
108,302
+85,164
| +368% | +$2.54M |
|
1437
Kforce
KFRC
$1.06B
| $3.6M | 0.01% |
184,061
-22,444
| -11% | -$432K |
|
|
OME
1438
DELISTED
Omega Protein
OME
| $3.6M | 0.01% |
212,758
+47,942
| +29% | +$983K |
|
1439
AGCO
AGCO
$7.2B
| $3.6M | 0.01% |
72,470
+62,686
| +641% | +$3.02M |
|
1440
Mercury Systems
MRCY
$6.52B
| $3.58M | 0.01% |
176,611
-21,349
| -11% | -$373K |
|
|
BGFV
1441
DELISTED
Big 5 Sporting Goods
BGFV
| $3.58M | 0.01% |
321,944
+304,121
| +1,706% | +$3.56M |
|
1442
A10 Networks
ATEN
$1.95B
| $3.58M | 0.01% |
603,944
-89,048
| -13% | -$531K |
|
|
LNW
1443
DELISTED
Light & Wonder
LNW
| $3.57M | 0.01% |
378,764
+345,377
| +1,034% | +$2.58M |
|
|
SALE
1444
DELISTED
RetailMeNot, Inc. Series 1
SALE
| $3.57M | 0.01% |
445,664
-144,078
| -24% | -$1.17M |
|
1445
PTC Therapeutics
PTCT
$6.12B
| $3.57M | 0.01% |
+553,961
| New | +$9.61M |
|
1446
First Busey Corp
BUSE
$2.56B
| $3.56M | 0.01% |
173,950
-156,474
| -47% | -$3.05M |
|
|
MITT
1447
TPG Mortgage Investment Trust
MITT
$225M
| $3.56M | 0.01% |
90,813
-7,588
| -8% | -$277K |
|
1448
Nike
NKE
$61.9B
| $3.56M | 0.01% |
57,918
-823,167
| -93% | -$49.7M |
|
1449
Ryman Hospitality Properties
RHP
$7.63B
| $3.54M | 0.01% |
68,772
+36,417
| +113% | +$1.76M |
|
1450
TriMas Corp
TRS
$1.44B
| $3.52M | 0.01% |
200,991
+160,816
| +400% | +$2.75M |
|
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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.