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 |
ConocoPhillips
COP
|
+$164M |
| 2 |
PepsiCo
PEP
|
+$159M |
| 3 |
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 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 | 12.84% |
| 2 | Miscellaneous | 11.3% |
| 3 | Energy | 10.33% |
| 4 | Technology | 9.45% |
| 5 | Consumer Discretionary | 8.95% |
| 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
| $1.98B | 4.94% |
9,619,000
+232,200
| +2% | +$45.3M |
2013 Q2
11 quarters
|
|
|
YHOO
2
DELISTED
Yahoo Inc
YHOO
| $358M | 0.9% |
9,731,925
+2,161,079
| +29% | +$67.7M |
2013 Q2
11 quarters
|
|
3
PG&E
PCG
$29.2B
| $322M | 0.81% |
5,394,567
+1,544,692
| +40% | +$86.1M |
2013 Q2
11 quarters
|
|
|
DISH
4
DELISTED
DISH Network Corp.
DISH
| $302M | 0.75% |
6,528,678
+459,221
| +8% | +$22.1M |
2013 Q2
11 quarters
|
|
5
Pinnacle West Capital
PNW
$13B
| $279M | 0.7% |
3,714,859
-167,245
| -4% | -$11.4M |
2015 Q1
4 quarters
|
|
6
Merck
MRK
$364B
| $241M | 0.6% |
4,775,189
+475,519
| +11% | +$23.3M |
2013 Q2
11 quarters
|
|
|
7
PepsiCo
PEP
$198B
| $239M | 0.6% |
2,336,587
+1,607,246
| +220% | +$159M |
2015 Q4
1 quarter
|
|
8
Meta Platforms (Facebook)
META
$1.64T
| $233M | 0.58% |
2,046,226
-1,439,669
| -41% | -$152M |
2013 Q2
11 quarters
|
|
|
9
American Electric Power
AEP
$70.3B
| $230M | 0.57% |
3,459,645
-2,752,810
| -44% | -$170M |
2013 Q2
11 quarters
|
|
10
Biogen
BIIB
$37.5B
| $216M | 0.54% |
830,983
-219,701
| -21% | -$58M |
2013 Q2
11 quarters
|
|
|
11
NextEra Energy
NEE
$179B
| $210M | 0.52% |
7,086,284
-8,895,948
| -56% | -$250M |
2013 Q2
11 quarters
|
|
|
12
Fidelity National Information Services
FIS
$15.2B
| $208M | 0.52% |
3,286,013
+2,315,528
| +239% | +$139M |
2013 Q2
11 quarters
|
|
13
Expedia Group
EXPE
$30.6B
| $204M | 0.51% |
1,895,161
+190,149
| +11% | +$20.3M |
2013 Q2
11 quarters
|
|
14
Sempra
SRE
$52B
| $192M | 0.48% |
3,686,346
+639,572
| +21% | +$30.8M |
2013 Q2
11 quarters
|
|
|
15
AT&T
T
$149B
| $191M | 0.48% |
6,447,785
+5,217,766
| +424% | +$145M |
2013 Q4
9 quarters
|
|
|
LVLT
16
DELISTED
Level 3 Communications Inc
LVLT
| $187M | 0.47% |
3,544,474
-2,290,259
| -39% | -$113M |
2013 Q2
11 quarters
|
|
17
The Kraft Heinz Company
KHC
$29.7B
| $181M | 0.45% |
2,300,270
+569,622
| +33% | +$42.6M |
2015 Q3
2 quarters
|
|
|
18
DELISTED
Anadarko Petroleum
APC
| $180M | 0.45% |
3,870,960
+3,804,962
| +5,765% | +$154M |
2013 Q2
11 quarters
|
|
19
Alphabet (Google) Class A
GOOGL
$3.64T
| $178M | 0.45% |
4,679,400
-993,720
| -18% | -$36.6M |
2015 Q4
1 quarter
|
|
20
Microsoft
MSFT
$3.89T
| $176M | 0.44% |
3,180,447
+946,384
| +42% | +$49.6M |
2013 Q2
11 quarters
|
|
|
21
ConocoPhillips
COP
$168B
| $174M | 0.44% |
+4,324,124
| New | +$164M |
2016 Q1
0 quarters
|
|
|
RTN
22
DELISTED
Raytheon Company
RTN
| $173M | 0.43% |
1,409,158
+522,063
| +59% | +$64.3M |
2014 Q1
8 quarters
|
|
23
Visa
V
$794B
| $171M | 0.43% |
2,239,526
+632,147
| +39% | +$45.9M |
2013 Q2
11 quarters
|
|
24
Apple
AAPL
$5.18T
| $168M | 0.42% |
6,147,844
-2,601,652
| -30% | -$64.8M |
2013 Q2
11 quarters
|
|
25
DELISTED
Westar Energy Inc
WR
| $161M | 0.4% |
3,253,610
+25,956
| +0.8% | +$1.16M |
2013 Q3
10 quarters
|
|
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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 $6.99B 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 13% of assets, down from 13% a quarter earlier, followed by Miscellaneous and Energy.
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.