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 | |
|---|---|---|---|---|---|---|
1451
CALL
Ashland
ASH
$3.5B
| $3.52M | 0.01% |
+65,408
| New | +$3.15M |
|
1452
PUT
Eagle Materials
EXP
$6.57B
| $3.51M | 0.01% |
+50,000
| New | +$2.91M |
|
1453
Terreno Realty
TRNO
$7.49B
| $3.5M | 0.01% |
149,370
-87,866
| -37% | -$1.96M |
|
|
GLUU
1454
DELISTED
Glu Mobile Inc.
GLUU
| $3.5M | 0.01% |
1,241,244
-1,142,371
| -48% | -$3.27M |
|
1455
PUT
Kohl's
KSS
$2.19B
| $3.5M | 0.01% |
+75,000
| New | +$3.52M |
|
1456
TriCo Bancshares
TCBK
$1.83B
| $3.49M | 0.01% |
137,790
-40,107
| -23% | -$1.02M |
|
1457
Mitsubishi UFJ Financial
MUFG
$254B
| $3.48M | 0.01% |
758,348
+163,109
| +27% | +$796K |
|
|
AVP
1458
DELISTED
Avon Products, Inc.
AVP
| $3.47M | 0.01% |
722,167
-1,680,089
| -70% | -$6M |
|
|
ATHN
1459
CALL
DELISTED
Athenahealth, Inc.
ATHN
| $3.47M | 0.01% |
+25,000
| New | +$3.43M |
|
|
DISH
1460
CALL
DELISTED
DISH Network Corp.
DISH
| $3.47M | 0.01% |
75,000
-451,000
| -86% | -$21.7M |
|
1461
PUT
Reliance Steel & Aluminium
RS
$21.6B
| $3.46M | 0.01% |
+50,000
| New | +$3.03M |
|
1462
SAP
SAP
$238B
| $3.46M | 0.01% |
+43,009
| New | +$3.35M |
|
1463
Northrop Grumman
NOC
$81.2B
| $3.46M | 0.01% |
17,467
-236,572
| -93% | -$44.7M |
|
1464
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
| $3.45M | 0.01% |
70,743
+9,243
| +15% | +$452K |
|
1465
Cinemark Holdings
CNK
$4.32B
| $3.44M | 0.01% |
96,060
-8,567
| -8% | -$272K |
|
|
ESRX
1466
PUT
DELISTED
Express Scripts Holding Company
ESRX
| $3.44M | 0.01% |
+50,000
| New | +$3.59M |
|
1467
Community Health Systems
CYH
$423M
| $3.43M | 0.01% |
224,403
-261,416
| -54% | -$3.99M |
|
1468
Apollo Global Management
APO
$73.4B
| $3.42M | 0.01% |
+200,000
| New | +$3M |
|
1469
PUT
LyondellBasell Industries
LYB
$19.2B
| $3.42M | 0.01% |
40,000
+10,000
| +33% | +$803K |
|
|
PRO
1470
DELISTED
PROS Holdings
PRO
| $3.42M | 0.01% |
+290,118
| New | +$3.74M |
|
|
TVPT
1471
DELISTED
Travelport Worldwide Limited
TVPT
| $3.42M | 0.01% |
250,397
+16,565
| +7% | +$199K |
|
1472
First Trust Consumer Staples AlphaDEX Fund
FXG
$231M
| $3.41M | 0.01% |
+74,004
| New | +$3.26M |
|
1473
Galicia Financial Group
GGAL
$7.42B
| $3.4M | 0.01% |
+120,230
| New | +$3.33M |
|
1474
Maximus
MMS
$3.1B
| $3.4M | 0.01% |
64,614
+19,429
| +43% | +$991K |
|
|
CLDT
1475
Chatham Lodging
CLDT
$586M
| $3.39M | 0.01% |
158,396
-83,864
| -35% | -$1.67M |
|
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.