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 | |
|---|---|---|---|---|---|---|
|
FLXN
2101
DELISTED
Flexion Therapeutics, Inc.
FLXN
| $1.15M | ﹤0.01% |
+125,414
| New | +$1.52M |
|
2102
Installed Building Products
IBP
$6.27B
| $1.15M | ﹤0.01% |
+43,317
| New | +$955K |
|
|
CSW
2103
CSW Industrials
CSW
$5.67B
| $1.15M | ﹤0.01% |
+36,571
| New | +$1.17M |
|
2104
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.36B
| $1.15M | ﹤0.01% |
18,506
+13,134
| +244% | +$765K |
|
2105
Autohome
ATHM
$2.71B
| $1.14M | ﹤0.01% |
40,774
+29,626
| +266% | +$779K |
|
2106
Foster
FSTR
$414M
| $1.14M | ﹤0.01% |
62,652
+3,654
| +6% | +$48.7K |
|
|
CUTR
2107
DELISTED
Cutera, Inc.
CUTR
| $1.14M | ﹤0.01% |
101,047
+35,644
| +54% | +$405K |
|
|
BRSL
2108
Brightstar Lottery PLC
BRSL
$2.02B
| $1.14M | ﹤0.01% |
62,232
+20,660
| +50% | +$314K |
|
2109
Leggett & Platt
LEG
$1.29B
| $1.14M | ﹤0.01% |
23,453
-226,243
| -91% | -$9.8M |
|
2110
Hexcel
HXL
$7.63B
| $1.13M | ﹤0.01% |
25,953
-6,559
| -20% | -$276K |
|
|
BNCN
2111
DELISTED
BNC Bancorp
BNCN
| $1.13M | ﹤0.01% |
+53,716
| New | +$1.16M |
|
2112
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
$1.77B
| $1.13M | ﹤0.01% |
12,187
-10,644
| -47% | -$962K |
|
|
AD
2113
Array Digital Infrastructure
AD
$3.03B
| $1.13M | ﹤0.01% |
24,712
-20,041
| -45% | -$780K |
|
|
AUTO
2114
DELISTED
AutoWeb, Inc. Common Stock
AUTO
| $1.13M | ﹤0.01% |
+64,966
| New | +$1.16M |
|
|
AMWD
2115
DELISTED
American Woodmark
AMWD
| $1.13M | ﹤0.01% |
15,102
-61,024
| -80% | -$4.12M |
|
|
CALD
2116
DELISTED
Callidus Software, Inc.
CALD
| $1.12M | ﹤0.01% |
67,372
-244,776
| -78% | -$3.63M |
|
|
CRR
2117
DELISTED
Carbo Ceramics Inc.
CRR
| $1.12M | ﹤0.01% |
79,112
+50,486
| +176% | +$871K |
|
|
RENX
2118
DELISTED
RELX N.V.
RENX
| $1.12M | ﹤0.01% |
64,057
-17,063
| -21% | -$282K |
|
|
XNPT
2119
DELISTED
XENOPORT, INC.
XNPT
| $1.12M | ﹤0.01% |
248,496
-555,131
| -69% | -$2.56M |
|
2120
NETSCOUT
NTCT
$2.81B
| $1.12M | ﹤0.01% |
48,717
-16,686
| -26% | -$376K |
|
2121
iShares Russell 2000 Value ETF
IWN
$14.5B
| $1.12M | ﹤0.01% |
12,000
-21,969
| -65% | -$1.91M |
|
|
HMHC
2122
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $1.12M | ﹤0.01% |
56,045
+37,676
| +205% | +$694K |
|
|
CHFN
2123
DELISTED
Charter Financial Corp
CHFN
| $1.12M | ﹤0.01% |
82,804
+27,830
| +51% | +$371K |
|
|
CARB
2124
DELISTED
Carbonite Inc
CARB
| $1.11M | ﹤0.01% |
139,617
-68,045
| -33% | -$555K |
|
|
MR
2125
DELISTED
Montage Resources Corporation Common Stock
MR
| $1.11M | ﹤0.01% |
51,502
-260,265
| -83% | -$4.26M |
|
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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.