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 | |
|---|---|---|---|---|---|---|
|
FNSR
1676
DELISTED
Finisar Corp
FNSR
| $2.39M | 0.01% |
130,909
-630,238
| -83% | -$9.06M |
|
1677
Navient
NAVI
$853M
| $2.38M | 0.01% |
198,715
+35,136
| +21% | +$365K |
|
|
RDS.B
1678
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $2.38M | 0.01% |
48,316
-46,973
| -49% | -$2.11M |
|
|
DNR
1679
DELISTED
Denbury Resources, Inc.
DNR
| $2.38M | 0.01% |
1,070,919
-2,114,443
| -66% | -$3.52M |
|
|
SCHW
1680
Charles Schwab
SCHW
$187B
| $2.37M | 0.01% |
84,732
-970,415
| -92% | -$25.6M |
|
|
XLNX
1681
CALL
DELISTED
Xilinx Inc
XLNX
| $2.37M | 0.01% |
50,000
+10,000
| +25% | +$469K |
|
1682
PUT
Nucor
NUE
$62.1B
| $2.37M | 0.01% |
+50,000
| New | +$2.03M |
|
1683
PUT
Western Digital
WDC
$150B
| $2.36M | 0.01% |
+66,150
| New | +$2.37M |
|
|
IMOS
1684
ChipMOS TECHNOLOGIES
IMOS
$1.83B
| $2.36M | 0.01% |
123,032
-529,349
| -81% | -$10.2M |
|
|
ALR
1685
DELISTED
Alere Inc
ALR
| $2.35M | 0.01% |
46,479
-221,749
| -83% | -$10.6M |
|
1686
PUT
Boston Scientific
BSX
$71.5B
| $2.35M | 0.01% |
+125,000
| New | +$2.2M |
|
|
TRIL
1687
DELISTED
Trillium Therapeutics Inc.
TRIL
| $2.35M | 0.01% |
254,198
+23,013
| +10% | +$194K |
|
|
CEB
1688
DELISTED
CEB Inc.
CEB
| $2.35M | 0.01% |
36,302
-55,455
| -60% | -$3.17M |
|
|
CVA
1689
DELISTED
Covanta Holding Corporation
CVA
| $2.34M | 0.01% |
+138,781
| New | +$2.05M |
|
|
WFM
1690
PUT
DELISTED
Whole Foods Market Inc
WFM
| $2.33M | 0.01% |
+75,000
| New | +$2.35M |
|
1691
Huntington Ingalls Industries
HII
$12.8B
| $2.33M | 0.01% |
17,024
-62,828
| -79% | -$8.18M |
|
1692
ProQR Therapeutics
PRQR
$265M
| $2.32M | 0.01% |
476,242
-398,502
| -46% | -$2.03M |
|
1693
Supernus Pharmaceuticals
SUPN
$2.77B
| $2.32M | 0.01% |
152,041
-59,618
| -28% | -$778K |
|
|
WCG
1694
PUT
DELISTED
Wellcare Health Plans, Inc.
WCG
| $2.32M | 0.01% |
+25,000
| New | +$2.07M |
|
1695
PUT
Viatris
VTRS
$18.9B
| $2.32M | 0.01% |
+50,000
| New | +$2.41M |
|
|
SHOE
1696
Shoe Station Group
SHOE
$428M
| $2.31M | 0.01% |
171,494
-34,172
| -17% | -$406K |
|
|
EFII
1697
DELISTED
Electronics for Imaging
EFII
| $2.31M | 0.01% |
+54,480
| New | +$2.22M |
|
1698
Flowers Foods
FLO
$1.57B
| $2.31M | 0.01% |
+124,952
| New | +$2.37M |
|
|
ALX
1699
Alexander's
ALX
$1.41B
| $2.31M | 0.01% |
+6,057
| New | +$2.29M |
|
|
NTT
1700
DELISTED
Nippon Telegraph & Telephone
NTT
| $2.3M | 0.01% |
53,275
-66,247
| -55% | -$2.8M |
|
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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.