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 |
Procter & Gamble
PG
|
+$6.23B |
| 2 |
Coty
COTY
|
+$1.43B |
| 3 |
Microsoft
MSFT
|
+$237M |
| 4 |
GXP
Great Plains Energy Incorporated
GXP
|
+$199M |
| 5 |
eBay
EBAY
|
+$198M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charter Communications
CHTR
|
+$266M |
| 2 |
NextEra Energy
NEE
|
+$198M |
| 3 |
EMC
EMC CORPORATION
EMC
|
+$179M |
| 4 |
Exelon
EXC
|
+$150M |
| 5 |
Salesforce
CRM
|
+$150M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 17.19% |
| 2 | Healthcare | 10.11% |
| 3 | Energy | 8.17% |
| 4 | Technology | 8.17% |
| 5 | Financials | 7.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2026
NOV
NOV
$7.11B
| $1.65M | ﹤0.01% |
+44,994
| New | +$1.51M |
|
2027
PUT
DaVita
DVA
$15.4B
| $1.65M | ﹤0.01% |
+25,000
| New | +$1.76M |
|
|
HDP
2028
DELISTED
Hortonworks, Inc.
HDP
| $1.65M | ﹤0.01% |
197,623
+59,367
| +43% | +$563K |
|
2029
CALL
Alkermes
ALKS
$8.42B
| $1.65M | ﹤0.01% |
+35,000
| New | +$1.66M |
|
2030
Fresenius Medical Care
FMS
$13.3B
| $1.64M | ﹤0.01% |
37,549
-159,713
| -81% | -$7.15M |
|
2031
Arbutus Biopharma
ABUS
$871M
| $1.64M | ﹤0.01% |
476,122
-109,954
| -19% | -$430K |
|
|
ATRS
2032
DELISTED
Antares Pharma, Inc.
ATRS
| $1.64M | ﹤0.01% |
973,442
-302,153
| -24% | -$370K |
|
|
EBSB
2033
DELISTED
Meridian Bancorp, Inc.
EBSB
| $1.63M | ﹤0.01% |
104,734
-45,726
| -30% | -$700K |
|
2034
Liberty Global Class A
LBTYA
$3.49B
| $1.63M | ﹤0.01% |
47,645
-298,685
| -86% | -$9.48M |
|
|
DBD
2035
DELISTED
Diebold Nixdorf Incorporated
DBD
| $1.62M | ﹤0.01% |
65,354
-87,036
| -57% | -$2.31M |
|
|
VAR
2036
DELISTED
Varian Medical Systems, Inc.
VAR
| $1.62M | ﹤0.01% |
+18,554
| New | +$1.51M |
|
2037
Artisan Partners
APAM
$2.9B
| $1.62M | ﹤0.01% |
59,488
-19,471
| -25% | -$532K |
|
2038
Compañía de Minas Buenaventura
BVN
$7.72B
| $1.62M | ﹤0.01% |
116,899
-163,781
| -58% | -$2.29M |
|
|
IPCC
2039
DELISTED
Infinity Property & Casualty C
IPCC
| $1.61M | ﹤0.01% |
19,526
-8,683
| -31% | -$718K |
|
|
PEI
2040
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $1.61M | ﹤0.01% |
4,659
-23,285
| -83% | -$8.32M |
|
|
HTZ
2041
CALL
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $1.61M | ﹤0.01% |
+46,040
| New | +$1.93M |
|
2042
CALL
Eli Lilly
LLY
$1.09T
| $1.6M | ﹤0.01% |
+20,000
| New | +$1.6M |
|
2043
BCE
BCE
$20.3B
| $1.6M | ﹤0.01% |
34,567
+25,065
| +264% | +$1.19M |
|
2044
CoStar Group
CSGP
$12.4B
| $1.59M | ﹤0.01% |
73,680
-253,400
| -77% | -$5.39M |
|
|
SHYF
2045
DELISTED
The Shyft Group
SHYF
| $1.59M | ﹤0.01% |
166,217
+32,317
| +24% | +$281K |
|
2046
PUT
Acadia Pharmaceuticals
ACAD
$4.45B
| $1.59M | ﹤0.01% |
+50,000
| New | +$1.7M |
|
2047
NovaGold Resources
NG
$2.55B
| $1.59M | ﹤0.01% |
283,775
+118,229
| +71% | +$735K |
|
2048
CALL
Cemex
CX
$17.3B
| $1.59M | ﹤0.01% |
+208,000
| New | +$1.53M |
|
2049
Howard Hughes
HHH
$4B
| $1.58M | ﹤0.01% |
14,516
+7,371
| +103% | +$818K |
|
2050
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$289M
| $1.58M | ﹤0.01% |
+50,000
| New | +$1.57M |
|
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Millennium Management's Q3 2016 Portfolio in Review
As of Q3 2016, Millennium Management held 3,956 positions worth $59.6B, up 37% from $43.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Millennium Management deployed $13.4B of net new capital in Q3 2016, opening 826 new positions and adding to 1,153 existing holdings. Its largest new stake was Edison International: 1,171,827 shares worth $84.7M.
By sector, the portfolio is most concentrated in Consumer Staples at 17% of assets, up from 6.2% a quarter earlier, followed by Healthcare and Energy.
On the sell side, the largest reduction was NextEra Energy, an estimated $198M trimmed.
- Millennium Management's largest Q3 2016 buy was Edison International: 1,171,827 shares worth $84.7M.
- Millennium Management added most to Procter & Gamble in Q3 2016, an estimated $6.23B increase.
- Millennium Management's biggest Q3 2016 reduction was NextEra Energy, cutting an estimated $198M.
- Millennium Management fully exited Charter Communications in Q3 2016, selling an estimated $266M.
- Millennium Management's ten largest holdings make up 24% of its $59.6B portfolio in Q3 2016.
- Millennium Management opened 826 new positions and closed 723 in Q3 2016.
- Millennium Management's portfolio value rose 37% quarter-over-quarter to $59.6B.
Based on Millennium Management's 13F filing for Q3 2016, filed 14 Nov 2016.