Millennium Management Portfolio holdings
Millennium Management, founded in 1989 by Israel (Izzy) Englander and Ronald Shear and headquartered in New York City, is a global multi-strategy hedge fund managing over $71 billion in assets as of late 2024, employing a decentralized model with over 300 independent trading teams. Operating across equities, fixed income, commodities, currencies, and derivatives, the firm uses a mix of quantitative and fundamental strategies, providing its portfolio managers with capital, infrastructure, and autonomy to pursue diverse investment approaches while enforcing strict risk management. With more than 5,400 employees across offices in London, Hong Kong, Singapore, and beyond, Millennium has evolved from its initial $35 million seed capital—partly from the Belzberg family—into a titan of the hedge fund world, known for its ability to attract top talent and deliver consistent returns. Under Englander’s leadership as chairman and CEO, the firm remains a low-profile yet highly influential force in global finance.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNY
Bank of New York Mellon
BNY
|
+$190M |
| 2 |
Lowe's Companies
LOW
|
+$183M |
| 3 |
Target
TGT
|
+$175M |
| 4 |
American Electric Power
AEP
|
+$174M |
| 5 |
NextEra Energy
NEE
|
+$152M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$6.19B |
| 2 |
Coty
COTY
|
+$1.11B |
| 3 |
Apple
AAPL
|
+$294M |
| 4 |
Meta Platforms (Facebook)
META
|
+$229M |
| 5 |
Microsoft
MSFT
|
+$192M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.19% |
| 2 | Financials | 11.87% |
| 3 | Industrials | 10.26% |
| 4 | Energy | 9.33% |
| 5 | Technology | 9.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3576
Minerals Technologies
MTX
$2.31B
| – | – |
-37,489
| Closed | -$2.78M |
|
3577
iShares National Muni Bond ETF
MUB
$45.1B
| – | – |
-22,518
| Closed | -$2.54M |
|
3578
Mitsubishi UFJ Financial
MUFG
$258B
| – | – |
-783,023
| Closed | -$3.95M |
|
3579
Nordic American Tanker
NAT
$1.37B
| – | – |
-1,308,376
| Closed | -$13.1M |
|
3580
Nabors Industries
NBR
$1.23B
| – | – |
-4,757
| Closed | -$2.89M |
|
3581
NACCO Industries
NC
$353M
| – | – |
-15,770
| Closed | -$245K |
|
3582
CALL
Norwegian Cruise Line
NCLH
$8.89B
| – | – |
-25,000
| Closed | -$943K |
|
3583
NewtekOne
NEWT
$417M
| – | – |
-34,866
| Closed | -$497K |
|
3584
CALL
Netflix
NFLX
$292B
| – | – |
-150,000
| Closed | -$1.48M |
|
3585
Vitamin Cottage Natural Grocers
NGVC
$691M
| – | – |
-16,860
| Closed | -$188K |
|
3586
Nike
NKE
$61.9B
| – | – |
-601,645
| Closed | -$30.9M |
|
3587
Annaly Capital Management
NLY
$16.9B
| – | – |
-120,950
| Closed | -$5.08M |
|
3588
CALL
NOV
NOV
$7.45B
| – | – |
-207,400
| Closed | -$7.62M |
|
3589
Insight Enterprises
NSIT
$3.55B
| – | – |
-70,891
| Closed | -$2.31M |
|
3590
NETSCOUT
NTCT
$2.86B
| – | – |
-35,831
| Closed | -$1.05M |
|
3591
Nutanix
NTNX
$14.9B
| – | – |
-200,229
| Closed | -$7.41M |
|
3592
Northern Trust
NTRS
$22.2B
| – | – |
-679,479
| Closed | -$46.2M |
|
3593
CALL
Novavax
NVAX
$1.23B
| – | – |
-2,500
| Closed | -$104K |
|
3594
NovoCure
NVCR
$2.04B
| – | – |
-63,527
| Closed | -$543K |
|
3595
Novartis
NVS
$295B
| – | – |
-319,309
| Closed | -$22.6M |
|
3596
NatWest
NWG
$71.5B
| – | – |
-167,078
| Closed | -$838K |
|
3597
OceanFirst Financial
OCFC
$1.7B
| – | – |
-20,100
| Closed | -$387K |
|
3598
Oceaneering
OII
$5.25B
| – | – |
-392,504
| Closed | -$10.8M |
|
3599
CALL
Olin
OLN
$2.64B
| – | – |
-100,000
| Closed | -$2.05M |
|
|
3600
PUT
Olin
OLN
$2.64B
| – | – |
-75,000
| Closed | -$1.54M |
|
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Millennium Management's Q4 2016 Portfolio in Review
As of Q4 2016, Millennium Management held 4,092 positions worth $47.8B, down 20% from $59.6B the previous quarter. Its ten largest holdings account for 6.4% of the portfolio.
Millennium Management withdrew a net $13B in Q4 2016, closing 801 positions and reducing 1,159 holdings. Its most notable exit was Procter & Gamble, an estimated $6.19B position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 12% of assets, up from 10% a quarter earlier, followed by Financials and Industrials.
Against the trend, Millennium Management opened a new position in Target worth $175M.
- Millennium Management's largest Q4 2016 buy was Target: 2,422,329 shares worth $175M.
- Millennium Management added most to Bank of New York Mellon in Q4 2016, an estimated $190M increase.
- Millennium Management's biggest Q4 2016 reduction was Coty, cutting an estimated $1.11B.
- Millennium Management fully exited Procter & Gamble in Q4 2016, selling an estimated $6.19B.
- Millennium Management's ten largest holdings make up 6.4% of its $47.8B portfolio in Q4 2016.
- Millennium Management opened 858 new positions and closed 801 in Q4 2016.
- Millennium Management's portfolio value fell 20% quarter-over-quarter to $47.8B.
Based on Millennium Management's 13F filing for Q4 2016, filed 14 Feb 2017.