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 | |
|---|---|---|---|---|---|---|
2076
FMC
FMC
$1.37B
| $1.5M | ﹤0.01% |
35,851
-365,686
| -91% | -$15.1M |
|
2077
The Mosaic Company
MOS
$7.34B
| $1.5M | ﹤0.01% |
+61,200
| New | +$1.67M |
|
2078
CEVA Inc
CEVA
$883M
| $1.49M | ﹤0.01% |
42,565
-44,631
| -51% | -$1.38M |
|
2079
First Bancorp
FBNC
$2.66B
| $1.49M | ﹤0.01% |
75,448
+26,188
| +53% | +$500K |
|
|
RAX
2080
DELISTED
Rackspace Hosting Inc
RAX
| $1.48M | ﹤0.01% |
46,750
-696,687
| -94% | -$19.2M |
|
2081
CALL
Netflix
NFLX
$301B
| $1.48M | ﹤0.01% |
+150,000
| New | +$1.43M |
|
2082
First Trust Health Care AlphaDEX Fund
FXH
$1.05B
| $1.47M | ﹤0.01% |
24,225
+2,387
| +11% | +$145K |
|
2083
iShares MSCI ACWI ETF
ACWI
$32.5B
| $1.47M | ﹤0.01% |
+24,884
| New | +$1.45M |
|
2084
Pearson
PSO
$10.5B
| $1.47M | ﹤0.01% |
+150,035
| New | +$1.72M |
|
2085
Keysight
KEYS
$52.2B
| $1.47M | ﹤0.01% |
46,285
-206,977
| -82% | -$6.16M |
|
2086
Ross Stores
ROST
$80.5B
| $1.47M | ﹤0.01% |
+22,778
| New | +$1.4M |
|
|
APLP
2087
DELISTED
Archrock Partners, L.P. Common Units representing Limited Partner Interests
APLP
| $1.46M | ﹤0.01% |
99,465
+19,465
| +24% | +$279K |
|
2088
Arcos Dorados Holdings
ARCO
$1.77B
| $1.46M | ﹤0.01% |
285,339
+23,718
| +9% | +$123K |
|
2089
DHI Group
DHX
$178M
| $1.46M | ﹤0.01% |
185,378
+76,654
| +71% | +$559K |
|
2090
Shenandoah Telecom
SHEN
$655M
| $1.46M | ﹤0.01% |
+53,582
| New | +$1.72M |
|
|
RENX
2091
DELISTED
RELX N.V.
RENX
| $1.46M | ﹤0.01% |
81,503
+28,693
| +54% | +$508K |
|
|
MRUS
2092
DELISTED
Merus
MRUS
| $1.45M | ﹤0.01% |
86,700
+24,102
| +39% | +$229K |
|
|
SNC
2093
DELISTED
State National Companies, Inc.
SNC
| $1.45M | ﹤0.01% |
130,057
-75,772
| -37% | -$808K |
|
2094
HEICO Corp
HEI
$50.8B
| $1.44M | ﹤0.01% |
50,940
-18,672
| -27% | -$527K |
|
2095
Enpro
NPO
$6.63B
| $1.43M | ﹤0.01% |
25,239
-84,657
| -77% | -$4.35M |
|
2096
OGE Energy
OGE
$10.2B
| $1.43M | ﹤0.01% |
45,310
-166,662
| -79% | -$5.28M |
|
2097
Independent Bank Corp
IBCP
$797M
| $1.43M | ﹤0.01% |
85,056
+27,675
| +48% | +$438K |
|
|
Y
2098
DELISTED
Alleghany Corp
Y
| $1.43M | ﹤0.01% |
2,723
+1,305
| +92% | +$698K |
|
|
PRSU
2099
Pursuit Attractions and Hospitality Inc
PRSU
$1.48B
| $1.43M | ﹤0.01% |
38,719
+17,519
| +83% | +$609K |
|
|
PRMW
2100
CALL
DELISTED
Primo Water Corporation
PRMW
| $1.43M | ﹤0.01% |
100,000
| – | – |
|
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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.