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 | |
|---|---|---|---|---|---|---|
1976
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
| $1.44M | ﹤0.01% |
16,731
+5,273
| +46% | +$447K |
|
|
KERX
1977
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $1.44M | ﹤0.01% |
309,047
-632,287
| -67% | -$2.52M |
|
1978
CACI
CACI
$14.3B
| $1.44M | ﹤0.01% |
13,499
-83,431
| -86% | -$7.8M |
|
1979
Astronics
ATRO
$3.72B
| $1.44M | ﹤0.01% |
59,800
-68,345
| -53% | -$1.45M |
|
|
COOP
1980
DELISTED
Mr. Cooper
COOP
| $1.44M | ﹤0.01% |
51,184
-17,904
| -26% | -$507K |
|
1981
Invesco
IVZ
$14B
| $1.44M | ﹤0.01% |
46,706
-805,720
| -95% | -$23.2M |
|
1982
Scholastic
SCHL
$807M
| $1.43M | ﹤0.01% |
38,119
-46,006
| -55% | -$1.64M |
|
1983
Invesco DB Commodity Index Tracking Fund
DBC
$1.72B
| $1.42M | ﹤0.01% |
+107,130
| New | +$1.37M |
|
|
GNRT
1984
DELISTED
Gener8 Maritime, Inc.
GNRT
| $1.42M | ﹤0.01% |
201,270
-158,078
| -44% | -$1.02M |
|
1985
VanEck Gold Miners ETF
GDX
$27.6B
| $1.42M | ﹤0.01% |
+70,907
| New | +$1.22M |
|
1986
Middlesex Water
MSEX
$1.09B
| $1.42M | ﹤0.01% |
45,893
+11,541
| +34% | +$327K |
|
1987
W.P. Carey
WPC
$16.1B
| $1.42M | ﹤0.01% |
+23,235
| New | +$1.32M |
|
1988
NACCO Industries
NC
$312M
| $1.42M | ﹤0.01% |
+107,880
| New | +$1.2M |
|
|
BELFB
1989
Bel Fuse Inc Class B
BELFB
$4.1B
| $1.41M | ﹤0.01% |
96,684
-47,255
| -33% | -$700K |
|
1990
Energy Recovery
ERII
$408M
| $1.41M | ﹤0.01% |
136,464
-14,111
| -9% | -$103K |
|
|
OMN
1991
DELISTED
OMNOVA Solutions Inc.
OMN
| $1.41M | ﹤0.01% |
253,622
+116,952
| +86% | +$626K |
|
|
EPIQ
1992
DELISTED
EPIQ SYSTEMS INC
EPIQ
| $1.41M | ﹤0.01% |
+93,588
| New | +$1.2M |
|
|
DBD
1993
DELISTED
Diebold Nixdorf Incorporated
DBD
| $1.4M | ﹤0.01% |
48,306
-10,117
| -17% | -$264K |
|
|
ATHN
1994
PUT
DELISTED
Athenahealth, Inc.
ATHN
| $1.39M | ﹤0.01% |
+10,000
| New | +$1.37M |
|
1995
iShares Russell Mid-Cap Value ETF
IWS
$15.9B
| $1.39M | ﹤0.01% |
19,551
-4,785
| -20% | -$316K |
|
|
GLF
1996
DELISTED
GulfMark Offshore, Inc. Common Stock
GLF
| $1.39M | ﹤0.01% |
224,772
+187,390
| +501% | +$816K |
|
|
NVDQ
1997
DELISTED
Novadaq Technologies Inc.
NVDQ
| $1.38M | ﹤0.01% |
124,610
+51,722
| +71% | +$548K |
|
1998
ICICI Bank
IBN
$108B
| $1.37M | ﹤0.01% |
210,883
-879,754
| -81% | -$5.16M |
|
1999
James River Group Holdings
JRVR
$210M
| $1.37M | ﹤0.01% |
42,511
-396,505
| -90% | -$12.7M |
|
2000
Boot Barn
BOOT
$5.11B
| $1.37M | ﹤0.01% |
+145,417
| New | +$1.3M |
|
Similar funds
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.