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 |
Amazon
AMZN
|
+$278M |
| 2 |
Charter Communications
CHTR
|
+$218M |
| 3 |
Exelon
EXC
|
+$197M |
| 4 |
Halliburton
HAL
|
+$192M |
| 5 |
AET
Aetna Inc
AET
|
+$173M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$241M |
| 2 |
DISH
DISH Network Corp.
DISH
|
+$235M |
| 3 |
Expedia Group
EXPE
|
+$188M |
| 4 |
AT&T
T
|
+$181M |
| 5 |
Westar Energy Inc
WR
|
+$172M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.7% |
| 2 | Miscellaneous | 10.68% |
| 3 | Energy | 10.33% |
| 4 | Financials | 9.65% |
| 5 | Technology | 8.63% |
| 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
$816B
| $2.01B | 4.59% |
9,581,400
-37,600
| -0.4% | -$7.8M |
2013 Q2
12 quarters
|
|
2
American Electric Power
AEP
$70.4B
| $378M | 0.87% |
5,398,604
+1,938,959
| +56% | +$127M |
2013 Q2
12 quarters
|
|
3
PG&E
PCG
$39.7B
| $307M | 0.7% |
4,807,777
-586,790
| -11% | -$35.1M |
2013 Q2
12 quarters
|
|
4
Boston Scientific
BSX
$61.9B
| $299M | 0.68% |
12,793,495
+6,422,029
| +101% | +$139M |
2013 Q2
12 quarters
|
|
5
Xcel Energy
XEL
$49.4B
| $295M | 0.68% |
6,588,314
+3,872,637
| +143% | +$160M |
2014 Q3
7 quarters
|
|
|
6
Amazon
AMZN
$2.63T
| $295M | 0.67% |
+8,232,420
| New | +$278M |
2016 Q2
0 quarters
|
|
7
Meta Platforms (Facebook)
META
$1.63T
| $289M | 0.66% |
2,530,615
+484,389
| +24% | +$55.8M |
2013 Q2
12 quarters
|
|
8
Pinnacle West Capital
PNW
$12.9B
| $278M | 0.64% |
3,426,259
-288,600
| -8% | -$21.5M |
2015 Q1
5 quarters
|
|
9
NextEra Energy
NEE
$172B
| $269M | 0.62% |
8,254,520
+1,168,236
| +16% | +$35.1M |
2013 Q2
12 quarters
|
|
|
10
Exelon
EXC
$47.3B
| $268M | 0.61% |
10,339,779
+7,948,686
| +332% | +$197M |
2013 Q2
12 quarters
|
|
|
11
Charter Communications
CHTR
$12.5B
| $266M | 0.61% |
1,164,161
+1,015,421
| +683% | +$218M |
2015 Q2
4 quarters
|
|
12
DELISTED
Pioneer Natural Resource Co.
PXD
| $238M | 0.54% |
1,573,354
+473,652
| +43% | +$74.3M |
2013 Q2
12 quarters
|
|
13
PepsiCo
PEP
$182B
| $238M | 0.54% |
2,244,156
-92,431
| -4% | -$9.5M |
2015 Q4
2 quarters
|
|
|
14
Halliburton
HAL
$29.7B
| $220M | 0.5% |
4,860,806
+4,677,357
| +2,550% | +$192M |
2013 Q2
12 quarters
|
|
15
Marathon Petroleum
MPC
$121B
| $217M | 0.5% |
5,718,221
+3,801,762
| +198% | +$140M |
2013 Q2
12 quarters
|
|
16
DaVita
DVA
$11.7B
| $212M | 0.48% |
2,740,177
+1,521,975
| +125% | +$115M |
2013 Q2
12 quarters
|
|
17
Applied Materials
AMAT
$335B
| $205M | 0.47% |
8,568,662
+4,458,071
| +108% | +$98.3M |
2013 Q2
12 quarters
|
|
18
Biogen
BIIB
$36.9B
| $195M | 0.45% |
804,978
-26,005
| -3% | -$6.85M |
2013 Q2
12 quarters
|
|
|
AET
19
DELISTED
Aetna Inc
AET
| $193M | 0.44% |
1,584,297
+1,503,617
| +1,864% | +$173M |
2013 Q2
12 quarters
|
|
20
CMS Energy
CMS
$21.8B
| $183M | 0.42% |
3,996,985
+1,837,576
| +85% | +$77.2M |
2016 Q1
1 quarter
|
|
|
PE
21
DELISTED
PARSLEY ENERGY INC
PE
| $182M | 0.42% |
6,739,103
+510,965
| +8% | +$12.7M |
2014 Q2
8 quarters
|
|
22
DELISTED
EMC CORPORATION
EMC
| $179M | 0.41% |
6,595,100
+3,702,934
| +128% | +$100M |
2013 Q2
12 quarters
|
|
23
Molson Coors Class B
TAP
$7.31B
| $178M | 0.41% |
1,756,047
+497,000
| +39% | +$48.9M |
2013 Q2
12 quarters
|
|
24
Sempra
SRE
$56.2B
| $177M | 0.4% |
3,096,320
-590,026
| -16% | -$31.3M |
2013 Q2
12 quarters
|
|
|
EGN
25
DELISTED
Energen
EGN
| $176M | 0.4% |
3,643,166
+604,442
| +20% | +$26.3M |
2013 Q2
12 quarters
|
|
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Millennium Management's Q2 2016 Portfolio in Review
As of Q2 2016, Millennium Management held 3,988 positions worth $43.7B, up 9.2% from $40B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Millennium Management deployed $1.98B of net new capital in Q2 2016, opening 776 new positions and adding to 1,172 existing holdings. Its largest new stake was Amazon: 8,232,420 shares worth $295M.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, up from 13% a quarter earlier, followed by Miscellaneous and Energy.
On the sell side, the largest reduction was Yahoo Inc, an estimated $241M trimmed.
- Millennium Management's largest Q2 2016 buy was Amazon: 8,232,420 shares worth $295M.
- Millennium Management added most to Charter Communications in Q2 2016, an estimated $218M increase.
- Millennium Management's biggest Q2 2016 reduction was Yahoo Inc, cutting an estimated $241M.
- Millennium Management fully exited TIME WARNER CABLE INC NEW COM STK in Q2 2016, selling an estimated $108M.
- Millennium Management's ten largest holdings make up 11% of its $43.7B portfolio in Q2 2016.
- Millennium Management opened 776 new positions and closed 860 in Q2 2016.
- Millennium Management's portfolio value rose 9.2% quarter-over-quarter to $43.7B.
Based on Millennium Management's 13F filing for Q2 2016, filed 15 Aug 2016.