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 |
CMA
Comerica
CMA
|
+$221M |
| 2 |
RSPP
RSP Permian, Inc.
RSPP
|
+$166M |
| 3 |
Vulcan Materials
VMC
|
+$165M |
| 4 |
ANDV
Andeavor
ANDV
|
+$165M |
| 5 |
Apple
AAPL
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNY
Bank of New York Mellon
BNY
|
+$251M |
| 2 |
Bank of America
BAC
|
+$225M |
| 3 |
WOOF
VCA Inc.
WOOF
|
+$214M |
| 4 |
K
Kellanova
K
|
+$188M |
| 5 |
Occidental Petroleum
OXY
|
+$171M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 12.16% |
| 2 | Technology | 11.12% |
| 3 | Healthcare | 10.56% |
| 4 | Industrials | 9.99% |
| 5 | Energy | 9.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Mondelez International
MDLZ
$79.2B
| $140M | 0.26% |
+3,261,215
| New | +$145M |
|
52
CSX Corp
CSX
$94.5B
| $140M | 0.26% |
8,999,115
+68,697
| +0.8% | +$1.05M |
|
53
Western Alliance Bancorporation
WAL
$9.2B
| $139M | 0.26% |
2,838,739
+168,574
| +6% | +$8.44M |
|
54
CoreCivic
CXW
$3B
| $139M | 0.25% |
4,419,476
-467,373
| -10% | -$14.3M |
|
55
Charter Communications
CHTR
$18.3B
| $139M | 0.25% |
423,481
+336,986
| +390% | +$107M |
|
56
Quanta Services
PWR
$102B
| $138M | 0.25% |
3,728,262
+2,801,420
| +302% | +$102M |
|
57
NiSource
NI
$21.3B
| $136M | 0.25% |
5,712,479
-1,021,569
| -15% | -$23.4M |
|
58
TechnipFMC
FTI
$27.1B
| $135M | 0.25% |
5,588,649
+2,455,452
| +78% | +$60.6M |
|
|
GXP
59
DELISTED
Great Plains Energy Incorporated
GXP
| $135M | 0.25% |
4,611,843
-1,686,559
| -27% | -$47.3M |
|
60
Corpay
CPAY
$25.2B
| $135M | 0.25% |
888,210
+811,599
| +1,059% | +$127M |
|
|
PF
61
DELISTED
Pinnacle Foods, Inc.
PF
| $133M | 0.24% |
2,300,937
-59,334
| -3% | -$3.29M |
|
62
Fortive
FTV
$18B
| $133M | 0.24% |
3,490,981
+1,138,703
| +48% | +$40.8M |
|
63
Boston Scientific
BSX
$71.1B
| $132M | 0.24% |
5,309,674
-1,622,917
| -23% | -$39.5M |
|
64
FNB Corp
FNB
$6.9B
| $131M | 0.24% |
8,840,140
+2,462,957
| +39% | +$37.8M |
|
65
Lowe's Companies
LOW
$122B
| $131M | 0.24% |
1,588,924
-1,268,332
| -44% | -$97.1M |
|
66
SM Energy
SM
$7.66B
| $129M | 0.24% |
5,381,803
+2,657,771
| +98% | +$73.6M |
|
67
Gilead Sciences
GILD
$168B
| $129M | 0.24% |
1,896,066
+480,376
| +34% | +$33.8M |
|
68
IBM
IBM
$222B
| $129M | 0.24% |
773,501
+749,866
| +3,173% | +$126M |
|
69
Hartford Financial Services
HIG
$38.9B
| $129M | 0.24% |
2,674,154
+2,201,082
| +465% | +$107M |
|
70
Intel
INTC
$509B
| $128M | 0.24% |
+3,556,958
| New | +$129M |
|
71
HP
HPQ
$26.4B
| $127M | 0.23% |
7,102,721
+1,835,187
| +35% | +$29.7M |
|
72
D.R. Horton
DHI
$41B
| $127M | 0.23% |
3,807,827
+373,147
| +11% | +$11.6M |
|
|
SRC
73
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $126M | 0.23% |
2,774,129
+1,743,459
| +169% | +$83.1M |
|
74
Cigna
CI
$74.5B
| $125M | 0.23% |
854,847
+480,314
| +128% | +$70.8M |
|
75
KeyCorp
KEY
$24.5B
| $125M | 0.23% |
7,041,713
+1,922,425
| +38% | +$35.2M |
|
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Millennium Management's Q1 2017 Portfolio in Review
As of Q1 2017, Millennium Management held 4,184 positions worth $54.6B, up 14% from $47.8B the previous quarter. Its ten largest holdings account for 5.7% of the portfolio.
Millennium Management deployed $4.44B of net new capital in Q1 2017, opening 894 new positions and adding to 1,327 existing holdings. Its largest new stake was Mondelez International: 3,261,215 shares worth $140M.
By sector, the portfolio is most concentrated in Financials at 12% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Bank of New York Mellon, an estimated $251M trimmed.
- Millennium Management's largest Q1 2017 buy was Mondelez International: 3,261,215 shares worth $140M.
- Millennium Management added most to Comerica in Q1 2017, an estimated $221M increase.
- Millennium Management's biggest Q1 2017 reduction was Bank of New York Mellon, cutting an estimated $251M.
- Millennium Management fully exited Occidental Petroleum in Q1 2017, selling an estimated $171M.
- Millennium Management's ten largest holdings make up 5.7% of its $54.6B portfolio in Q1 2017.
- Millennium Management opened 894 new positions and closed 743 in Q1 2017.
- Millennium Management's portfolio value rose 14% quarter-over-quarter to $54.6B.
Based on Millennium Management's 13F filing for Q1 2017, filed 15 May 2017.