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 | |
|---|---|---|---|---|---|---|
|
ESPR
1801
DELISTED
Esperion Therapeutics
ESPR
| $1.89M | ﹤0.01% |
111,577
+14,968
| +15% | +$241K |
|
1802
Zurn Elkay Water Solutions
ZWS
$8.41B
| $1.89M | ﹤0.01% |
193,649
-1,218,859
| -86% | -$10.3M |
|
|
TOWR
1803
DELISTED
Tower International, Inc.
TOWR
| $1.89M | ﹤0.01% |
69,305
+18,226
| +36% | +$425K |
|
1804
Peapack-Gladstone Financial
PGC
$813M
| $1.88M | ﹤0.01% |
111,354
+88,710
| +392% | +$1.61M |
|
|
ONC
1805
BeOne Medicines Ltd
ONC
$40.4B
| $1.88M | ﹤0.01% |
+64,087
| New | +$1.82M |
|
1806
Modine Manufacturing
MOD
$10.5B
| $1.88M | ﹤0.01% |
170,490
-1,126
| -0.7% | -$9.55K |
|
|
ARIA
1807
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $1.87M | ﹤0.01% |
293,232
+15,598
| +6% | +$87.4K |
|
|
VVC
1808
DELISTED
Vectren Corporation
VVC
| $1.87M | ﹤0.01% |
37,011
-703
| -2% | -$31.7K |
|
|
ORBK
1809
DELISTED
Orbotech Ltd
ORBK
| $1.87M | ﹤0.01% |
78,544
-218,182
| -74% | -$4.74M |
|
|
CNH
1810
CNH Industrial
CNH
$17.2B
| $1.87M | ﹤0.01% |
317,408
+303,100
| +2,118% | +$1.71M |
|
1811
Genworth Financial
GNW
$3.71B
| $1.86M | ﹤0.01% |
682,264
-1,432,263
| -68% | -$3.63M |
|
1812
Qualys
QLYS
$6.5B
| $1.86M | ﹤0.01% |
73,604
-42,161
| -36% | -$1.09M |
|
1813
National Healthcare
NHC
$3.41B
| $1.86M | ﹤0.01% |
29,867
+26,259
| +728% | +$1.64M |
|
1814
Oaktree Specialty Lending
OCSL
$1.12B
| $1.86M | ﹤0.01% |
123,360
+119,615
| +3,194% | +$1.87M |
|
|
GMLP
1815
DELISTED
Golar LNG Partners LP
GMLP
| $1.85M | ﹤0.01% |
126,276
-11,906
| -9% | -$159K |
|
1816
CALL
Westlake Corp
WLK
$9.99B
| $1.85M | ﹤0.01% |
+40,000
| New | +$1.81M |
|
1817
Teekay
TK
$980M
| $1.85M | ﹤0.01% |
213,762
+52,091
| +32% | +$393K |
|
|
INSY
1818
DELISTED
Insys Therapeutics, Inc.
INSY
| $1.85M | ﹤0.01% |
115,552
+5,557
| +5% | +$106K |
|
|
RGC
1819
DELISTED
Regal Entertainment Group
RGC
| $1.84M | ﹤0.01% |
+87,258
| New | +$1.66M |
|
1820
Tonix Pharmaceuticals
TNXP
$218M
| – | – |
0
| – | – |
|
1821
Sprouts Farmers Market
SFM
$8.06B
| $1.84M | ﹤0.01% |
63,232
-82,342
| -57% | -$2.12M |
|
|
AGTC
1822
DELISTED
Applied Genetic Technologies Corporation
AGTC
| $1.83M | ﹤0.01% |
131,148
-52,199
| -28% | -$766K |
|
1823
Celestica
CLS
$37.3B
| $1.83M | ﹤0.01% |
+166,529
| New | +$1.68M |
|
1824
H&R Block
HRB
$5.89B
| $1.83M | ﹤0.01% |
69,187
+41,325
| +148% | +$1.3M |
|
1825
United Airlines
UAL
$41B
| $1.83M | ﹤0.01% |
30,500
-210,050
| -87% | -$11.2M |
|
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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.