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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$593M |
| 2 |
Abbott
ABT
|
+$259M |
| 3 |
AutoZone
AZO
|
+$204M |
| 4 |
AABA
Altaba Inc
AABA
|
+$186M |
| 5 |
D.R. Horton
DHI
|
+$178M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Honeywell
HON
|
+$215M |
| 2 |
Public Service Enterprise Group
PEG
|
+$211M |
| 3 |
Applied Materials
AMAT
|
+$203M |
| 4 |
Intuitive Surgical
ISRG
|
+$194M |
| 5 |
ConocoPhillips
COP
|
+$192M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.87% |
| 2 | Technology | 11.53% |
| 3 | Consumer Discretionary | 11.36% |
| 4 | Healthcare | 11.05% |
| 5 | Industrials | 10.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Ciena
CIEN
$53.4B
| $51.9M | 0.07% |
2,477,957
+2,011,805
| +432% | +$42.6M |
|
|
FMBI
402
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $51.8M | 0.07% |
2,156,143
-136,865
| -6% | -$3.25M |
|
|
SPN
403
DELISTED
Superior Energy Services, Inc.
SPN
| $51.7M | 0.07% |
537,351
+444,247
| +477% | +$41.2M |
|
404
CALL
Enterprise Products Partners
EPD
$82.3B
| $51.6M | 0.07% |
1,947,600
+1,506,700
| +342% | +$38.1M |
|
405
PVH
PVH
$4B
| $51.2M | 0.07% |
373,471
-23,483
| -6% | -$3.07M |
|
|
TCF
406
DELISTED
TCF Financial Corporation
TCF
| $51.1M | 0.07% |
2,493,743
+566,709
| +29% | +$10.6M |
|
|
FITB
407
Fifth Third Bancorp
FITB
$51.2B
| $51.1M | 0.07% |
1,684,629
-4,218,091
| -71% | -$123M |
|
|
LQ
408
DELISTED
La Quinta Holdings Inc.
LQ
| $50.9M | 0.07% |
2,756,763
+175,967
| +7% | +$3.12M |
|
|
SWN
409
DELISTED
Southwestern Energy Company
SWN
| $50.6M | 0.07% |
9,074,251
-14,843,717
| -62% | -$86.3M |
|
410
Popular Inc
BPOP
$11.2B
| $50.6M | 0.07% |
1,424,675
-182,479
| -11% | -$6.31M |
|
|
WCN
411
Waste Connections
WCN
$42.2B
| $50.5M | 0.07% |
712,538
+603,416
| +553% | +$42.1M |
|
412
Boyd Gaming
BYD
$6.18B
| $50.5M | 0.07% |
1,441,205
+750,610
| +109% | +$22.7M |
|
413
Rockwell Automation
ROK
$53.4B
| $50.4M | 0.07% |
256,794
+189,397
| +281% | +$36.1M |
|
|
MGP
414
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $50.4M | 0.07% |
1,729,522
+7,283
| +0.4% | +$214K |
|
415
Outfront Media
OUT
$5.61B
| $50.4M | 0.07% |
2,205,921
+760,046
| +53% | +$17.8M |
|
|
GRA
416
DELISTED
W.R. Grace & Co.
GRA
| $50.2M | 0.07% |
715,151
+349,896
| +96% | +$25.3M |
|
417
AGCO
AGCO
$7.15B
| $50.1M | 0.07% |
701,499
+578,604
| +471% | +$41.3M |
|
418
Devon Energy
DVN
$52.1B
| $49.9M | 0.07% |
1,205,338
-3,449,128
| -74% | -$131M |
|
419
Host Hotels & Resorts
HST
$17.2B
| $49.7M | 0.07% |
2,505,931
-1,574,153
| -39% | -$30.9M |
|
420
SL Green Realty
SLG
$3.76B
| $49.7M | 0.07% |
508,280
+479,546
| +1,669% | +$46.7M |
|
421
Radian Group
RDN
$5.18B
| $49.6M | 0.07% |
2,409,024
-369,555
| -13% | -$7.62M |
|
422
L3Harris
LHX
$51.6B
| $49.4M | 0.07% |
348,653
+13,775
| +4% | +$1.92M |
|
423
Allstate
ALL
$68B
| $49.3M | 0.07% |
470,996
-1,490,368
| -76% | -$147M |
|
424
National Health Investors
NHI
$3.72B
| $49.2M | 0.07% |
653,002
-278,821
| -30% | -$21.6M |
|
425
Assurant
AIZ
$13.8B
| $49.1M | 0.07% |
487,369
+369,134
| +312% | +$36.5M |
|
Similar funds
Millennium Management's Q4 2017 Portfolio in Review
As of Q4 2017, Millennium Management held 4,357 positions worth $72.5B, up 10% from $65.6B the previous quarter. Its ten largest holdings account for 6.7% of the portfolio.
Millennium Management deployed $3.05B of net new capital in Q4 2017, opening 897 new positions and adding to 1,473 existing holdings. Its largest new stake was Viatris: 2,905,317 shares worth $123M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, up from 13% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Honeywell, an estimated $215M trimmed.
- Millennium Management's largest Q4 2017 buy was Viatris: 2,905,317 shares worth $123M.
- Millennium Management added most to State Street SPDR S&P 500 ETF Trust in Q4 2017, an estimated $593M increase.
- Millennium Management's biggest Q4 2017 reduction was Honeywell, cutting an estimated $215M.
- Millennium Management fully exited Paychex in Q4 2017, selling an estimated $66.4M.
- Millennium Management's ten largest holdings make up 6.7% of its $72.5B portfolio in Q4 2017.
- Millennium Management opened 897 new positions and closed 601 in Q4 2017.
- Millennium Management's portfolio value rose 10% quarter-over-quarter to $72.5B.
Based on Millennium Management's 13F filing for Q4 2017, filed 14 Feb 2018.