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 | |
|---|---|---|---|---|---|---|
|
XLRN
2376
DELISTED
Acceleron Pharma
XLRN
| $660K | ﹤0.01% |
25,000
-677,177
| -96% | -$19.7M |
|
2377
Seacoast Banking Corp of Florida
SBCF
$3.37B
| $658K | ﹤0.01% |
41,662
-106,456
| -72% | -$1.58M |
|
|
ABAX
2378
DELISTED
Abaxis Inc
ABAX
| $658K | ﹤0.01% |
14,492
-61,496
| -81% | -$2.73M |
|
|
BZUN
2379
Baozun
BZUN
$170M
| $652K | ﹤0.01% |
111,622
+81,446
| +270% | +$494K |
|
|
FFWM
2380
DELISTED
First Foundation Inc
FFWM
| $650K | ﹤0.01% |
57,918
+4,682
| +9% | +$51.5K |
|
2381
Cracker Barrel
CBRL
$1.25B
| $646K | ﹤0.01% |
4,233
+1,038
| +32% | +$143K |
|
2382
Teradyne
TER
$57.1B
| $646K | ﹤0.01% |
29,921
-340,405
| -92% | -$6.66M |
|
2383
Tronox
TROX
$993M
| $645K | ﹤0.01% |
100,970
+43,879
| +77% | +$195K |
|
|
AGFS
2384
DELISTED
AgroFresh Solutions Inc
AGFS
| $645K | ﹤0.01% |
100,794
+33,994
| +51% | +$185K |
|
2385
Edgewell Personal Care
EPC
$1.29B
| $644K | ﹤0.01% |
7,991
-849,856
| -99% | -$65.1M |
|
|
CBM
2386
DELISTED
Cambrex Corporation
CBM
| $644K | ﹤0.01% |
14,645
-150,808
| -91% | -$5.95M |
|
|
FFG
2387
DELISTED
FBL Financial Group
FFG
| $641K | ﹤0.01% |
+10,420
| New | +$613K |
|
2388
CALL
TherapeuticsMD
TXMD
$24M
| $640K | ﹤0.01% |
2,000
-9,284
| -82% | -$3.17M |
|
|
EXAC
2389
DELISTED
Exactech Inc
EXAC
| $640K | ﹤0.01% |
31,602
-48,937
| -61% | -$919K |
|
2390
Harmonic Inc
HLIT
$1.26B
| $639K | ﹤0.01% |
195,362
+152,686
| +358% | +$500K |
|
|
ZPIN
2391
DELISTED
Zhaopin Limited
ZPIN
| $639K | ﹤0.01% |
40,231
-40,393
| -50% | -$625K |
|
2392
Commault Systems
CVLT
$5.78B
| $638K | ﹤0.01% |
14,790
-158,046
| -91% | -$5.85M |
|
2393
Republic Bancorp
RBCAA
$1.91B
| $637K | ﹤0.01% |
24,660
+7,834
| +47% | +$198K |
|
2394
Teck Resources
TECK
$32.8B
| $637K | ﹤0.01% |
83,770
-667,422
| -89% | -$3.61M |
|
2395
Travelzoo
TZOO
$73.9M
| $637K | ﹤0.01% |
78,492
-83,527
| -52% | -$649K |
|
|
LEJU
2396
DELISTED
Leju Holdings Limited American Depositary Shares, each representing ten (10) Ordinary Shares
LEJU
| $636K | ﹤0.01% |
12,202
-20,097
| -62% | -$902K |
|
|
PAMT
2397
PAMT Corp
PAMT
$287M
| $632K | ﹤0.01% |
82,068
-50,152
| -38% | -$344K |
|
|
LOCK
2398
DELISTED
LifeLock, Inc.
LOCK
| $630K | ﹤0.01% |
52,195
-485,585
| -90% | -$5.73M |
|
2399
Resources Connection
RGP
$145M
| $629K | ﹤0.01% |
40,400
-115,592
| -74% | -$1.68M |
|
|
TYG
2400
Tortoise Energy Infrastructure Corp
TYG
$1.08B
| $629K | ﹤0.01% |
+6,390
| New | +$603K |
|
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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.