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 |
AABA
Altaba Inc
AABA
|
+$862M |
| 2 |
Electronic Arts
EA
|
+$196M |
| 3 |
Bank of America
BAC
|
+$187M |
| 4 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$183M |
| 5 |
Regions Financial
RF
|
+$182M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Electric Power
AEP
|
+$290M |
| 2 |
Huntsman Corp
HUN
|
+$181M |
| 3 |
Anadarko Petroleum
APC
|
+$164M |
| 4 |
Targa Resources
TRGP
|
+$154M |
| 5 |
Fortive
FTV
|
+$135M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.54% |
| 2 | Financials | 12.22% |
| 3 | Technology | 12.2% |
| 4 | Industrials | 9.94% |
| 5 | Miscellaneous | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
AABA
1
DELISTED
Altaba Inc
AABA
| $863M | 1.54% |
+15,840,905
| New | +$862M |
2017 Q2
0 quarters
|
|
2
DELISTED
Comerica
CMA
| $361M | 0.64% |
4,931,684
+1,428,831
| +41% | +$100M |
2015 Q3
7 quarters
|
|
3
PG&E
PCG
$40.2B
| $347M | 0.62% |
5,222,535
-196,093
| -4% | -$13.2M |
2013 Q2
16 quarters
|
|
4
Colgate-Palmolive
CL
$78.5B
| $343M | 0.61% |
4,625,615
+1,937,331
| +72% | +$144M |
2016 Q1
5 quarters
|
|
5
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$811B
| $322M | 0.57% |
1,331,700
-36,600
| -3% | -$8.77M |
2013 Q2
16 quarters
|
|
6
Pinnacle West Capital
PNW
$12.8B
| $319M | 0.57% |
3,750,674
+696,320
| +23% | +$60M |
2015 Q1
9 quarters
|
|
7
Visa
V
$816B
| $276M | 0.49% |
2,947,066
-239,831
| -8% | -$22.3M |
2013 Q2
16 quarters
|
|
8
PUT
Costco
COST
$464B
| $275M | 0.49% |
+1,720,000
| New | +$296M |
2017 Q2
0 quarters
|
|
9
PUT
C.H. Robinson
CHRW
$15.5B
| $275M | 0.49% |
+4,000,000
| New | +$283M |
2017 Q2
0 quarters
|
|
10
Xcel Energy
XEL
$51.7B
| $273M | 0.49% |
5,955,792
-327,371
| -5% | -$15.1M |
2014 Q3
11 quarters
|
|
|
11
Bank of America
BAC
$356B
| $265M | 0.47% |
10,929,492
+8,030,948
| +277% | +$187M |
2013 Q2
16 quarters
|
|
|
12
Regions Financial
RF
$24.7B
| $254M | 0.45% |
17,355,857
+12,932,420
| +292% | +$182M |
2013 Q2
16 quarters
|
|
13
Micron Technology
MU
$900B
| $251M | 0.45% |
8,393,736
+1,425,406
| +20% | +$41.7M |
2013 Q2
16 quarters
|
|
14
Devon Energy
DVN
$48.5B
| $248M | 0.44% |
7,757,796
-569,937
| -7% | -$20.8M |
2013 Q2
16 quarters
|
|
|
GXP
15
DELISTED
Great Plains Energy Incorporated
GXP
| $244M | 0.44% |
8,330,822
+3,718,979
| +81% | +$108M |
2015 Q4
6 quarters
|
|
16
PUT
VanEck Semiconductor ETF
SMH
$64.6B
| $237M | 0.42% |
5,782,400
+5,561,200
| +2,514% | +$229M |
2017 Q1
1 quarter
|
|
17
Mondelez International
MDLZ
$85.3B
| $218M | 0.39% |
5,045,153
+1,783,938
| +55% | +$80.4M |
2017 Q1
1 quarter
|
|
18
McDonald's
MCD
$198B
| $218M | 0.39% |
1,420,325
-644,054
| -31% | -$93.1M |
2013 Q2
16 quarters
|
|
19
DELISTED
Walgreens Boots Alliance
WBA
| $216M | 0.38% |
2,752,877
+2,180,983
| +381% | +$179M |
2016 Q3
3 quarters
|
|
20
PPL Corp
PPL
$26.9B
| $214M | 0.38% |
5,526,891
+373,590
| +7% | +$14.4M |
2013 Q2
16 quarters
|
|
21
Gilead Sciences
GILD
$216B
| $212M | 0.38% |
2,999,764
+1,103,698
| +58% | +$73.4M |
2013 Q2
16 quarters
|
|
22
The Kraft Heinz Company
KHC
$30.2B
| $212M | 0.38% |
2,469,940
+729,113
| +42% | +$66.1M |
2015 Q3
7 quarters
|
|
|
ETFC
23
DELISTED
E*Trade Financial Corporation
ETFC
| $210M | 0.37% |
5,525,690
+950,404
| +21% | +$33.6M |
2013 Q2
16 quarters
|
|
24
State Street Energy Select Sector SPDR ETF
XLE
$41.8B
| $207M | 0.37% |
6,380,408
+3,251,216
| +104% | +$109M |
2016 Q4
2 quarters
|
|
25
Entergy
ETR
$53.5B
| $207M | 0.37% |
5,391,122
+4,661,970
| +639% | +$180M |
2015 Q3
7 quarters
|
|
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Millennium Management's Q2 2017 Portfolio in Review
As of Q2 2017, Millennium Management held 4,244 positions worth $56.1B, up 2.7% from $54.6B the previous quarter. Its ten largest holdings account for 6.5% of the portfolio.
Millennium Management's Q2 2017 filing shows 803 new, 1,286 increased, 1,278 reduced and 839 closed positions. Its largest new stake was Altaba Inc: 15,840,905 shares worth $863M. The largest sale was American Electric Power, an estimated $290M.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 11% a quarter earlier, followed by Financials and Technology.
- Millennium Management's largest Q2 2017 buy was Altaba Inc: 15,840,905 shares worth $863M.
- Millennium Management added most to Electronic Arts in Q2 2017, an estimated $196M increase.
- Millennium Management's biggest Q2 2017 reduction was American Electric Power, cutting an estimated $290M.
- Millennium Management fully exited GGP Inc. in Q2 2017, selling an estimated $125M.
- Millennium Management's ten largest holdings make up 6.5% of its $56.1B portfolio in Q2 2017.
- Millennium Management opened 803 new positions and closed 839 in Q2 2017.
- Millennium Management's portfolio value rose 2.7% quarter-over-quarter to $56.1B.
Based on Millennium Management's 13F filing for Q2 2017, filed 14 Aug 2017.