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 | 13.41% |
| 2 | Financials | 12.33% |
| 3 | Energy | 10.96% |
| 4 | Industrials | 10.38% |
| 5 | Technology | 9.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
576
Teradyne
TER
$52B
| $21.2M | 0.04% |
+833,907
| New | +$19.8M |
|
577
Veeva Systems
VEEV
$43.2B
| $21.1M | 0.04% |
518,968
+352,700
| +212% | +$14.4M |
|
|
KCG
578
DELISTED
KCG Holdings, Inc.
KCG
| $21.1M | 0.04% |
+1,591,047
| New | +$22.4M |
|
579
Antero Resources
AR
$11.9B
| $21M | 0.04% |
886,262
+176,549
| +25% | +$4.53M |
|
580
Semtech
SMTC
$14.1B
| $20.9M | 0.04% |
663,854
+8,167
| +1% | +$229K |
|
581
WEX
WEX
$6.82B
| $20.9M | 0.04% |
+187,611
| New | +$20.3M |
|
|
CSRA
582
DELISTED
CSRA Inc.
CSRA
| $20.9M | 0.04% |
657,410
+256,891
| +64% | +$7.51M |
|
583
Graphic Packaging
GPK
$2.86B
| $20.9M | 0.04% |
1,674,059
-301,955
| -15% | -$3.9M |
|
584
American Water Works
AWK
$27.4B
| $20.9M | 0.04% |
288,426
+278,265
| +2,739% | +$20.1M |
|
585
Tapestry
TPR
$23.4B
| $20.8M | 0.04% |
594,227
+524,754
| +755% | +$19.2M |
|
586
New Jersey Resources
NJR
$5.41B
| $20.8M | 0.04% |
584,630
-335,899
| -36% | -$11.4M |
|
587
Live Nation Entertainment
LYV
$39.7B
| $20.8M | 0.04% |
780,148
+231,272
| +42% | +$6.36M |
|
588
KBR
KBR
$4.7B
| $20.7M | 0.04% |
1,243,186
-978,490
| -44% | -$15.6M |
|
|
PEGI
589
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $20.7M | 0.04% |
1,091,179
-214,551
| -16% | -$4.41M |
|
|
SPR
590
DELISTED
Spirit AeroSystems
SPR
| $20.7M | 0.04% |
354,715
+290,335
| +451% | +$15.7M |
|
591
PayPal
PYPL
$46B
| $20.6M | 0.04% |
522,669
+8,711
| +2% | +$350K |
|
|
AAMI
592
Acadian Asset Management
AAMI
$3.1B
| $20.6M | 0.04% |
1,422,126
+863,450
| +155% | +$12.3M |
|
593
Mattel
MAT
$3.83B
| $20.5M | 0.04% |
743,086
-1,274,812
| -63% | -$38.8M |
|
594
Fortinet
FTNT
$126B
| $20.4M | 0.04% |
3,393,830
-919,510
| -21% | -$5.75M |
|
595
JPMorgan Chase
JPM
$937B
| $20.4M | 0.04% |
236,868
+57,513
| +32% | +$4.39M |
|
596
Boston Properties
BXP
$10.2B
| $20.4M | 0.04% |
162,219
+113,914
| +236% | +$14.2M |
|
597
L3Harris
LHX
$46.5B
| $20.4M | 0.04% |
199,032
-127,583
| -39% | -$12.6M |
|
598
Telephone and Data Systems
TDS
$4.35B
| $20.3M | 0.04% |
704,243
+271,004
| +63% | +$7.39M |
|
|
GIMO
599
DELISTED
Gigamon Inc.
GIMO
| $20.3M | 0.04% |
445,594
+153,032
| +52% | +$7.96M |
|
600
AES
AES
$10.6B
| $20.3M | 0.04% |
1,746,156
+1,492,336
| +588% | +$17.5M |
|
Similar funds
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 $7.71B 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 13% of assets, up from 11% a quarter earlier, followed by Financials and Energy.
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.