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 |
Procter & Gamble
PG
|
+$6.23B |
| 2 |
Coty
COTY
|
+$1.43B |
| 3 |
Microsoft
MSFT
|
+$237M |
| 4 |
GXP
Great Plains Energy Incorporated
GXP
|
+$199M |
| 5 |
eBay
EBAY
|
+$198M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charter Communications
CHTR
|
+$266M |
| 2 |
NextEra Energy
NEE
|
+$198M |
| 3 |
EMC
EMC CORPORATION
EMC
|
+$179M |
| 4 |
Exelon
EXC
|
+$150M |
| 5 |
Salesforce
CRM
|
+$150M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 17.19% |
| 2 | Healthcare | 10.11% |
| 3 | Energy | 8.17% |
| 4 | Technology | 8.17% |
| 5 | Financials | 7.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Masco
MAS
$14.1B
| $84.6M | 0.14% |
2,465,484
+2,178,366
| +759% | +$75.3M |
|
|
CMA
127
DELISTED
Comerica
CMA
| $84.4M | 0.14% |
1,783,672
+325,840
| +22% | +$14.8M |
|
128
Electronic Arts
EA
$53B
| $84.2M | 0.14% |
986,153
-390,461
| -28% | -$31.2M |
|
129
Oracle
ORCL
$374B
| $83.4M | 0.14% |
2,123,367
-14,720
| -0.7% | -$600K |
|
130
Black Hills Corp
BKH
$5.42B
| $82.3M | 0.14% |
1,343,821
-50,924
| -4% | -$3.1M |
|
131
Walt Disney
DIS
$167B
| $82.1M | 0.14% |
+884,379
| New | +$84.7M |
|
132
Occidental Petroleum
OXY
$56.8B
| $82M | 0.14% |
+1,125,000
| New | +$84.2M |
|
133
Southwest Airlines
LUV
$22B
| $81.8M | 0.14% |
2,102,970
+876,968
| +72% | +$33.3M |
|
|
CELG
134
DELISTED
Celgene Corp
CELG
| $81.7M | 0.14% |
781,569
+360,397
| +86% | +$39M |
|
135
PVH
PVH
$4B
| $81.6M | 0.14% |
738,153
+65,372
| +10% | +$6.76M |
|
136
Diamondback Energy
FANG
$57.1B
| $80.9M | 0.14% |
837,793
+669,006
| +396% | +$61.6M |
|
137
Teva Pharmaceuticals
TEVA
$40.8B
| $80.7M | 0.14% |
1,754,160
+558,417
| +47% | +$29.1M |
|
138
Alibaba
BABA
$293B
| $80.6M | 0.14% |
762,032
+736,052
| +2,833% | +$68.2M |
|
|
HR
139
DELISTED
Healthcare Realty Trust Incorporated
HR
| $80.6M | 0.14% |
2,366,392
+14,320
| +0.6% | +$503K |
|
140
Huntington Bancshares
HBAN
$34.4B
| $80.6M | 0.14% |
8,169,570
+6,059,768
| +287% | +$57.7M |
|
141
Golar LNG
GLNG
$5B
| $79.8M | 0.13% |
3,766,457
+750,461
| +25% | +$14.3M |
|
142
Qualcomm
QCOM
$155B
| $79.6M | 0.13% |
1,161,755
+498,261
| +75% | +$30.3M |
|
143
Bankunited
BKU
$3.37B
| $79.5M | 0.13% |
2,633,090
+2,399,370
| +1,027% | +$73.6M |
|
144
Hershey
HSY
$35.5B
| $78.9M | 0.13% |
+825,621
| New | +$87.3M |
|
145
Johnson & Johnson
JNJ
$618B
| $78.9M | 0.13% |
667,561
-592,165
| -47% | -$71.8M |
|
146
AutoZone
AZO
$49.2B
| $78.7M | 0.13% |
102,366
+85,384
| +503% | +$66.5M |
|
147
Highwoods Properties
HIW
$3.65B
| $78.4M | 0.13% |
1,504,666
+18,051
| +1% | +$960K |
|
148
Kroger
KR
$35.4B
| $78.2M | 0.13% |
2,633,747
+1,357,015
| +106% | +$45.1M |
|
149
DaVita
DVA
$15.4B
| $77.9M | 0.13% |
1,179,663
-1,560,514
| -57% | -$110M |
|
150
CALL
BP
BP
$116B
| $77.5M | 0.13% |
2,618,140
| – | – |
|
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Millennium Management's Q3 2016 Portfolio in Review
As of Q3 2016, Millennium Management held 3,956 positions worth $59.6B, up 37% from $43.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Millennium Management deployed $13.4B of net new capital in Q3 2016, opening 826 new positions and adding to 1,153 existing holdings. Its largest new stake was Edison International: 1,171,827 shares worth $84.7M.
By sector, the portfolio is most concentrated in Consumer Staples at 17% of assets, up from 6.2% a quarter earlier, followed by Healthcare and Energy.
On the sell side, the largest reduction was NextEra Energy, an estimated $198M trimmed.
- Millennium Management's largest Q3 2016 buy was Edison International: 1,171,827 shares worth $84.7M.
- Millennium Management added most to Procter & Gamble in Q3 2016, an estimated $6.23B increase.
- Millennium Management's biggest Q3 2016 reduction was NextEra Energy, cutting an estimated $198M.
- Millennium Management fully exited Charter Communications in Q3 2016, selling an estimated $266M.
- Millennium Management's ten largest holdings make up 24% of its $59.6B portfolio in Q3 2016.
- Millennium Management opened 826 new positions and closed 723 in Q3 2016.
- Millennium Management's portfolio value rose 37% quarter-over-quarter to $59.6B.
Based on Millennium Management's 13F filing for Q3 2016, filed 14 Nov 2016.