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 | |
|---|---|---|---|---|---|---|
1726
Federal Signal
FSS
$7.83B
| $2.16M | 0.01% |
162,923
-154,108
| -49% | -$2.12M |
|
1727
Opko Health
OPK
$1.02B
| $2.16M | 0.01% |
207,798
-165,866
| -44% | -$1.52M |
|
1728
Rayonier Advanced Materials
RYAM
$610M
| $2.16M | 0.01% |
227,283
-22,004
| -9% | -$174K |
|
|
IDTI
1729
DELISTED
Integrated Device Technology I
IDTI
| $2.16M | 0.01% |
105,632
-153,407
| -59% | -$3.22M |
|
|
TRQ
1730
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $2.15M | 0.01% |
84,557
+14,725
| +21% | +$333K |
|
|
UNTD
1731
DELISTED
UNITED ONLINE INC COM NEW
UNTD
| $2.15M | 0.01% |
185,982
-73,100
| -28% | -$820K |
|
|
AEGR
1732
DELISTED
Aegerion Pharmaceuticals
AEGR
| $2.15M | 0.01% |
579,635
-963,727
| -62% | -$5.97M |
|
1733
CALL
Halliburton
HAL
$26.6B
| $2.14M | 0.01% |
60,000
+25,000
| +71% | +$816K |
|
|
ANAC
1734
DELISTED
ANACOR PHARMACEUTICALS INC COM
ANAC
| $2.14M | 0.01% |
40,100
-110,437
| -73% | -$8.15M |
|
1735
Southwest Gas
SWX
$6.67B
| $2.14M | 0.01% |
32,515
-128,249
| -80% | -$7.73M |
|
|
TTSH
1736
DELISTED
Tile Shop Holdings
TTSH
| $2.12M | 0.01% |
141,996
+7,339
| +5% | +$104K |
|
|
AEGN
1737
DELISTED
Aegion Corp
AEGN
| $2.12M | 0.01% |
100,381
-32,836
| -25% | -$614K |
|
1738
Martin Marietta Materials
MLM
$33B
| $2.12M | 0.01% |
13,267
-309,743
| -96% | -$42.6M |
|
|
CPPL
1739
DELISTED
Columbia Pipeline Partners LP
CPPL
| $2.11M | 0.01% |
+144,742
| New | +$2.22M |
|
|
BKCC
1740
DELISTED
BlackRock Capital Investment Corporation
BKCC
| $2.11M | 0.01% |
223,990
+51,567
| +30% | +$460K |
|
|
WW
1741
CALL
DELISTED
WW International
WW
| $2.11M | 0.01% |
145,000
+95,000
| +190% | +$1.29M |
|
1742
Diageo
DEO
$53.6B
| $2.1M | 0.01% |
19,510
-111,371
| -85% | -$11.8M |
|
1743
Orion
OEC
$409M
| $2.1M | 0.01% |
149,074
+55,134
| +59% | +$693K |
|
|
PFC
1744
DELISTED
Premier Financial Corp. Common Stock
PFC
| $2.1M | 0.01% |
109,560
+29,256
| +36% | +$559K |
|
1745
KT
KT
$8.81B
| $2.1M | 0.01% |
156,567
-53,576
| -25% | -$646K |
|
1746
CALL
Celanese
CE
$4.82B
| $2.1M | 0.01% |
+32,000
| New | +$1.99M |
|
1747
Essential Utilities
WTRG
$11.4B
| $2.09M | 0.01% |
+65,814
| New | +$2.04M |
|
1748
PUT
Abbott
ABT
$187B
| $2.09M | 0.01% |
+50,000
| New | +$1.98M |
|
|
CSFL
1749
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $2.09M | 0.01% |
140,366
-17,855
| -11% | -$257K |
|
|
FCS
1750
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
| $2.09M | 0.01% |
104,304
-83,394
| -44% | -$1.69M |
|
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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.