Millennium Management Portfolio holdings
Millennium Management is a multistrategy hedge fund firm, started in 1989 by Israel Englander along with Ronald Shear, an acquaintance from the American Stock Exchange who left after six months. Englander remains its principal. It works as a platform: many separate investment teams, each with a portfolio manager given money to trade in a variety of strategies. Its teams research and pick individual companies, run computer-driven strategies, and trade fixed income, commodities and credit. In 2018 it launched a joint venture with WorldQuant, a computer-driven investment firm. Its clients include state and local government bodies and sovereign wealth funds.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PPL Corp
PPL
|
+$304M |
| 2 |
Southwestern Energy Company
SWN
|
+$207M |
| 3 |
Biogen
BIIB
|
+$177M |
| 4 |
MON
Monsanto Co
MON
|
+$164M |
| 5 |
Bank of New York Mellon
BNY
|
+$153M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Teva Pharmaceutical Industries Limited
TEVA
|
+$412M |
| 2 |
Pfizer
PFE
|
+$283M |
| 3 |
Devon Energy
DVN
|
+$194M |
| 4 |
Valero Energy
VLO
|
+$187M |
| 5 |
Altria Group
MO
|
+$174M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.04% |
| 2 | Energy | 12.06% |
| 3 | Miscellaneous | 12.04% |
| 4 | Financials | 9.11% |
| 5 | Consumer Discretionary | 8.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$800B
| $2.08B | 3.93% |
10,104,300
-1,187,500
| -11% | -$250M |
2013 Q2
8 quarters
|
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$800B
| $841M | 1.59% |
4,087,200
+4,085,200
| +204,260% | +$859M |
2013 Q2
8 quarters
|
|
|
NBL
3
DELISTED
Noble Energy, Inc.
NBL
| $372M | 0.7% |
8,725,285
+1,053,023
| +14% | +$49.7M |
2013 Q2
8 quarters
|
|
4
NextEra Energy
NEE
$179B
| $372M | 0.7% |
15,171,008
-2,345,172
| -13% | -$59.6M |
2013 Q2
8 quarters
|
|
|
5
Biogen
BIIB
$37B
| $372M | 0.7% |
920,090
+440,068
| +92% | +$177M |
2013 Q2
8 quarters
|
|
6
American Electric Power
AEP
$70.2B
| $357M | 0.68% |
6,744,107
-789,217
| -10% | -$43.7M |
2013 Q2
8 quarters
|
|
7
Sempra
SRE
$51.7B
| $345M | 0.65% |
6,964,456
+1,327,764
| +24% | +$70.3M |
2013 Q2
8 quarters
|
|
8
Meta Platforms (Facebook)
META
$1.59T
| $325M | 0.61% |
3,790,441
+361,846
| +11% | +$29.5M |
2013 Q2
8 quarters
|
|
|
9
PPL Corp
PPL
$26.5B
| $321M | 0.61% |
10,887,864
+9,734,698
| +844% | +$304M |
2013 Q2
8 quarters
|
|
10
Ameren
AEE
$31.4B
| $264M | 0.5% |
7,001,361
+133,720
| +2% | +$5.37M |
2013 Q2
8 quarters
|
|
11
Occidental Petroleum
OXY
$58.4B
| $263M | 0.5% |
3,388,636
+1,854,430
| +121% | +$145M |
2013 Q2
8 quarters
|
|
12
McDonald's
MCD
$193B
| $261M | 0.49% |
2,744,239
+690,916
| +34% | +$66.8M |
2013 Q2
8 quarters
|
|
13
DTE Energy
DTE
$29B
| $260M | 0.49% |
4,090,868
+706,520
| +21% | +$47.3M |
2015 Q1
1 quarter
|
|
14
EQT Corp
EQT
$32.8B
| $250M | 0.47% |
5,644,519
+2,577,359
| +84% | +$121M |
2013 Q2
8 quarters
|
|
15
HF Sinclair
DINO
$17.3B
| $248M | 0.47% |
5,815,855
+482,182
| +9% | +$19.5M |
2014 Q3
3 quarters
|
|
|
TWX
16
DELISTED
Time Warner Inc
TWX
| $247M | 0.47% |
2,822,710
+307,069
| +12% | +$26.2M |
2014 Q1
5 quarters
|
|
17
Amazon
AMZN
$2.89T
| $241M | 0.46% |
11,083,120
+837,660
| +8% | +$17.5M |
2014 Q3
3 quarters
|
|
18
Exelon
EXC
$47.2B
| $237M | 0.45% |
10,595,968
+1,865,664
| +21% | +$44.7M |
2013 Q2
8 quarters
|
|
|
EGN
19
DELISTED
Energen
EGN
| $234M | 0.44% |
3,429,045
+1,561,994
| +84% | +$109M |
2013 Q2
8 quarters
|
|
|
ALXN
20
DELISTED
Alexion Pharmaceuticals
ALXN
| $234M | 0.44% |
1,291,973
+388,617
| +43% | +$67.1M |
2013 Q2
8 quarters
|
|
|
DISH
21
DELISTED
DISH Network Corp.
DISH
| $233M | 0.44% |
3,438,891
+1,130,087
| +49% | +$79M |
2013 Q2
8 quarters
|
|
22
Bausch Health
BHC
$3.09B
| $232M | 0.44% |
1,044,964
+131,754
| +14% | +$29.2M |
2014 Q1
5 quarters
|
|
23
TechnipFMC
FTI
$25.2B
| $223M | 0.42% |
7,216,851
+2,928,640
| +68% | +$90.1M |
2013 Q2
8 quarters
|
|
24
DELISTED
Newfield Exploration
NFX
| $221M | 0.42% |
6,112,710
-1,206,199
| -16% | -$44.9M |
2013 Q2
8 quarters
|
|
25
NRG Energy
NRG
$20.6B
| $218M | 0.41% |
9,513,340
+2,698,886
| +40% | +$67.4M |
2013 Q2
8 quarters
|
|
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Millennium Management's Q2 2015 Portfolio in Review
As of Q2 2015, Millennium Management held 4,294 positions worth $52.9B, down 1.6% from $53.7B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Millennium Management's Q2 2015 filing shows 780 new, 1,199 increased, 1,223 reduced and 1,034 closed positions. Its largest new stake was Charter Communications: 575,958 shares worth $98.6M. The largest sale was Teva Pharmaceutical Industries Limited, an estimated $412M.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, down from 16% a quarter earlier, followed by Energy and Miscellaneous.
- Millennium Management's largest Q2 2015 buy was Charter Communications: 575,958 shares worth $98.6M.
- Millennium Management added most to PPL Corp in Q2 2015, an estimated $304M increase.
- Millennium Management's biggest Q2 2015 reduction was Teva Pharmaceutical Industries Limited, cutting an estimated $412M.
- Millennium Management fully exited SALIX PHARMACEUTICALS LTD DEL in Q2 2015, selling an estimated $145M.
- Millennium Management's ten largest holdings make up 11% of its $52.9B portfolio in Q2 2015.
- Millennium Management opened 780 new positions and closed 1,034 in Q2 2015.
- Millennium Management's portfolio value fell 1.6% quarter-over-quarter to $52.9B.
Based on Millennium Management's 13F filing for Q2 2015, filed 14 Aug 2015.