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 |
Procter & Gamble
PG
|
+$6.23B |
| 2 |
Coty
COTY
|
+$1.43B |
| 3 |
Microsoft
MSFT
|
+$237M |
| 4 |
GXP
Great Plains Energy Incorporated
GXP
|
+$199M |
| 5 |
eBay
EBAY
|
+$198M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charter Communications
CHTR
|
+$266M |
| 2 |
NextEra Energy
NEE
|
+$198M |
| 3 |
EMC CORPORATION
EMC
|
+$179M |
| 4 |
Exelon
EXC
|
+$150M |
| 5 |
Salesforce
CRM
|
+$150M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 17.22% |
| 2 | Miscellaneous | 13.07% |
| 3 | Healthcare | 10.7% |
| 4 | Energy | 9.02% |
| 5 | Technology | 8.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Procter & Gamble
PG
$383B
| $6.51B | 10.92% |
72,583,106
+71,771,293
| +8,841% | +$6.23B |
2016 Q1
2 quarters
|
|
|
2
PUT
Procter & Gamble
PG
$383B
| $2.5B | 4.18% |
+27,800,000
| New | +$2.41B |
2016 Q3
0 quarters
|
|
3
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$777B
| $2.15B | 3.6% |
9,920,000
+338,600
| +4% | +$73.2M |
2013 Q2
13 quarters
|
|
|
4
Coty
COTY
$3.57B
| $1.28B | 2.14% |
54,494,226
+54,028,140
| +11,592% | +$1.43B |
2013 Q2
13 quarters
|
|
5
PG&E
PCG
$28.6B
| $390M | 0.65% |
6,374,445
+1,566,668
| +33% | +$99.5M |
2013 Q2
13 quarters
|
|
6
Merck
MRK
$362B
| $339M | 0.57% |
5,700,517
+3,124,889
| +121% | +$183M |
2013 Q2
13 quarters
|
|
7
Apple
AAPL
$4.98T
| $335M | 0.56% |
11,843,496
+6,055,368
| +105% | +$160M |
2013 Q2
13 quarters
|
|
8
CMS Energy
CMS
$21.7B
| $313M | 0.52% |
7,444,332
+3,447,347
| +86% | +$151M |
2016 Q1
2 quarters
|
|
9
Devon Energy
DVN
$46.4B
| $309M | 0.52% |
7,008,294
+3,170,054
| +83% | +$129M |
2013 Q2
13 quarters
|
|
10
Meta Platforms (Facebook)
META
$1.56T
| $291M | 0.49% |
2,268,277
-262,338
| -10% | -$32.6M |
2013 Q2
13 quarters
|
|
11
Alphabet (Google) Class A
GOOGL
$3.5T
| $291M | 0.49% |
7,235,460
+4,152,460
| +135% | +$162M |
2015 Q4
3 quarters
|
|
|
12
Microsoft
MSFT
$3.94T
| $270M | 0.45% |
4,694,243
+4,197,200
| +844% | +$237M |
2013 Q2
13 quarters
|
|
13
PUT
iShares Russell 2000 ETF
IWM
$74.2B
| $267M | 0.45% |
2,150,000
+2,100,000
| +4,200% | +$255M |
2015 Q4
3 quarters
|
|
14
Pinnacle West Capital
PNW
$12.6B
| $263M | 0.44% |
3,467,111
+40,852
| +1% | +$3.18M |
2015 Q1
6 quarters
|
|
15
Applied Materials
AMAT
$264B
| $256M | 0.43% |
8,491,359
-77,303
| -0.9% | -$2.16M |
2013 Q2
13 quarters
|
|
|
16
eBay
EBAY
$53.5B
| $248M | 0.42% |
7,547,790
+6,563,722
| +667% | +$198M |
2013 Q2
13 quarters
|
|
17
Fidelity National Information Services
FIS
$14.8B
| $242M | 0.41% |
3,136,116
+1,528,064
| +95% | +$119M |
2013 Q2
13 quarters
|
|
18
DELISTED
Anadarko Petroleum
APC
| $237M | 0.4% |
3,741,590
+2,349,484
| +169% | +$131M |
2013 Q2
13 quarters
|
|
|
GXP
19
DELISTED
Great Plains Energy Incorporated
GXP
| $228M | 0.38% |
8,343,176
+6,940,540
| +495% | +$199M |
2015 Q4
3 quarters
|
|
20
American Electric Power
AEP
$68.9B
| $223M | 0.37% |
3,478,691
-1,919,913
| -36% | -$129M |
2013 Q2
13 quarters
|
|
21
Boston Scientific
BSX
$62B
| $222M | 0.37% |
9,338,783
-3,454,712
| -27% | -$82.4M |
2013 Q2
13 quarters
|
|
22
Williams Companies
WMB
$80.1B
| $219M | 0.37% |
7,120,121
-374,713
| -5% | -$9.9M |
2016 Q2
1 quarter
|
|
23
Bank of America
BAC
$341B
| $219M | 0.37% |
13,968,928
+12,208,476
| +693% | +$182M |
2013 Q2
13 quarters
|
|
|
ZAYO
24
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $213M | 0.36% |
7,180,302
+2,591,532
| +56% | +$75M |
2015 Q4
3 quarters
|
|
25
Marathon Petroleum
MPC
$101B
| $209M | 0.35% |
5,140,501
-577,720
| -10% | -$23.4M |
2013 Q2
13 quarters
|
|
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Millennium Management's Q3 2016 Portfolio in Review
As of Q3 2016, Millennium Management held 3,956 positions worth $59.6B, up 37% from $43.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Millennium Management deployed $10.3B of net new capital in Q3 2016, opening 826 new positions and adding to 1,153 existing holdings. Its largest new stake was Edison International: 1,171,827 shares worth $84.7M.
By sector, the portfolio is most concentrated in Consumer Staples at 17% of assets, up from 6.3% a quarter earlier, followed by Miscellaneous and Healthcare.
On the sell side, the largest reduction was NextEra Energy, an estimated $198M trimmed.
- Millennium Management's largest Q3 2016 buy was Edison International: 1,171,827 shares worth $84.7M.
- Millennium Management added most to Procter & Gamble in Q3 2016, an estimated $6.23B increase.
- Millennium Management's biggest Q3 2016 reduction was NextEra Energy, cutting an estimated $198M.
- Millennium Management fully exited Charter Communications in Q3 2016, selling an estimated $266M.
- Millennium Management's ten largest holdings make up 24% of its $59.6B portfolio in Q3 2016.
- Millennium Management opened 826 new positions and closed 723 in Q3 2016.
- Millennium Management's portfolio value rose 37% quarter-over-quarter to $59.6B.
Based on Millennium Management's 13F filing for Q3 2016, filed 14 Nov 2016.