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 | |
|---|---|---|---|---|---|---|
1951
Monarch Casino & Resort
MCRI
$2.17B
| $1.5M | ﹤0.01% |
+76,803
| New | +$1.54M |
|
1952
Build-A-Bear
BBW
$467M
| $1.49M | ﹤0.01% |
114,905
+99,049
| +625% | +$1.27M |
|
1953
Cemex
CX
$16.3B
| $1.49M | ﹤0.01% |
+221,858
| New | +$1.09M |
|
|
VXZ
1954
DELISTED
iPath S&P 500 VIX Mid-Term Futures ETN due 1/30/2019
VXZ
| $1.49M | ﹤0.01% |
34,215
+1,074
| +3% | +$52.5K |
|
|
HF
1955
DELISTED
HFF Inc.
HF
| $1.49M | ﹤0.01% |
54,061
+18,372
| +51% | +$489K |
|
|
GPX
1956
DELISTED
GP Strategies Corp.
GPX
| $1.49M | ﹤0.01% |
+54,238
| New | +$1.32M |
|
1957
Emerson Electric
EMR
$88.5B
| $1.49M | ﹤0.01% |
+27,306
| New | +$1.32M |
|
1958
vTv Therapeutics
VTVT
$135M
| $1.48M | ﹤0.01% |
7,165
+4,728
| +194% | +$1.18M |
|
1959
Public Storage
PSA
$60.8B
| $1.48M | ﹤0.01% |
+5,352
| New | +$1.35M |
|
|
MXIM
1960
CALL
DELISTED
Maxim Integrated Products
MXIM
| $1.47M | ﹤0.01% |
40,000
-186,100
| -82% | -$6.24M |
|
1961
CALL
iShares Silver Trust
SLV
$32B
| $1.47M | ﹤0.01% |
+100,000
| New | +$1.42M |
|
1962
Casella Waste Systems
CWST
$5.72B
| $1.47M | ﹤0.01% |
218,885
-80,647
| -27% | -$486K |
|
1963
Skywest
SKYW
$4.18B
| $1.47M | ﹤0.01% |
73,357
-103,012
| -58% | -$1.74M |
|
|
SSRI
1964
DELISTED
Silver Standard Resources
SSRI
| $1.47M | ﹤0.01% |
264,196
+38,918
| +17% | +$206K |
|
1965
eHealth
EHTH
$40.4M
| $1.46M | ﹤0.01% |
155,841
-191,605
| -55% | -$1.9M |
|
1966
Matador Resources
MTDR
$6.49B
| $1.46M | ﹤0.01% |
77,168
+61,519
| +393% | +$1.02M |
|
|
TYPE
1967
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $1.46M | ﹤0.01% |
61,170
-215,557
| -78% | -$5.03M |
|
1968
Schwab US Large- Cap ETF
SCHX
$74.6B
| $1.46M | ﹤0.01% |
179,580
+82,200
| +84% | +$634K |
|
1969
Thor Industries
THO
$4.14B
| $1.46M | ﹤0.01% |
22,931
-116,612
| -84% | -$6.39M |
|
1970
iShares Russell Mid-Cap ETF
IWR
$57.5B
| $1.46M | ﹤0.01% |
35,844
-16,376
| -31% | -$623K |
|
1971
Applied Optoelectronics
AAOI
$11.2B
| $1.46M | ﹤0.01% |
97,857
+63,129
| +182% | +$1M |
|
|
PMC
1972
DELISTED
PharMerica Corporation
PMC
| $1.45M | ﹤0.01% |
65,773
-291,524
| -82% | -$7.76M |
|
|
CIR
1973
DELISTED
CIRCOR International, Inc
CIR
| $1.45M | ﹤0.01% |
+31,286
| New | +$1.22M |
|
1974
AAR Corp
AIR
$5.74B
| $1.45M | ﹤0.01% |
+62,297
| New | +$1.35M |
|
1975
Haverty Furniture Companies
HVT
$451M
| $1.45M | ﹤0.01% |
68,488
+4,685
| +7% | +$91.9K |
|
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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.