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 | |
|---|---|---|---|---|---|---|
|
AFAM
801
DELISTED
Almost Family Inc
AFAM
| $12.4M | 0.03% |
281,268
+112,145
| +66% | +$4.57M |
|
802
EQT Corp
EQT
$33.2B
| $12.4M | 0.03% |
348,218
-53,075
| -13% | -$1.97M |
|
|
CALY
803
Callaway Golf Company
CALY
$2.69B
| $12.4M | 0.03% |
1,130,851
+519,694
| +85% | +$5.89M |
|
804
Edison International
EIX
$21B
| $12.4M | 0.03% |
171,923
-999,904
| -85% | -$70.6M |
|
|
HPP
805
Hudson Pacific Properties
HPP
$621M
| $12.4M | 0.03% |
50,755
+19,753
| +64% | +$4.62M |
|
|
GWR
806
DELISTED
Genesee & Wyoming Inc.
GWR
| $12.3M | 0.03% |
177,617
+124,105
| +232% | +$8.86M |
|
|
ZNGA
807
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $12.3M | 0.03% |
4,792,948
-4,290,641
| -47% | -$12.1M |
|
|
SNP
808
DELISTED
CHINA PETROLEUM & CHEMICAL CORPORATION ADS (REP 100 ORDINARY H SHARES)
SNP
| $12.3M | 0.03% |
173,408
+104,797
| +153% | +$7.6M |
|
809
Baidu
BIDU
$30.8B
| $12.2M | 0.03% |
+74,112
| New | +$12.6M |
|
810
Chipotle Mexican Grill
CMG
$44.1B
| $12.2M | 0.03% |
+1,614,600
| New | +$12.7M |
|
811
Navient
NAVI
$938M
| $12.2M | 0.03% |
741,419
+452,737
| +157% | +$7.04M |
|
812
Sunstone Hotel Investors
SHO
$2.05B
| $12.2M | 0.03% |
797,978
+705,203
| +760% | +$9.83M |
|
|
HES
813
DELISTED
Hess
HES
| $12.1M | 0.03% |
+194,935
| New | +$10.7M |
|
814
AMC Global Media
AMCX
$503M
| $12.1M | 0.03% |
231,824
-150,649
| -39% | -$7.82M |
|
815
Verisk Analytics
VRSK
$23.4B
| $12.1M | 0.03% |
149,493
+142,600
| +2,069% | +$11.7M |
|
816
HF Sinclair
DINO
$20B
| $12.1M | 0.03% |
369,390
-1,278,419
| -78% | -$35.4M |
|
|
EXAS
817
DELISTED
Exact Sciences
EXAS
| $12.1M | 0.03% |
902,038
-70,911
| -7% | -$1.14M |
|
818
Jack Henry & Associates
JKHY
$10.8B
| $12M | 0.03% |
135,510
+53,744
| +66% | +$4.59M |
|
|
RGC
819
DELISTED
Regal Entertainment Group
RGC
| $12M | 0.03% |
583,756
+445,200
| +321% | +$9.88M |
|
820
UMB Financial
UMBF
$10.4B
| $12M | 0.03% |
155,529
+114,978
| +284% | +$7.99M |
|
821
Enovis
ENOV
$1.03B
| $12M | 0.03% |
193,583
-74,810
| -28% | -$4.42M |
|
822
CALL
Teva Pharmaceutical Industries Limited
TEVA
$45.8B
| $12M | 0.03% |
+330,000
| New | +$13.2M |
|
|
SINA
823
DELISTED
Sina Corp
SINA
| $11.9M | 0.03% |
196,505
-407,440
| -67% | -$29.2M |
|
|
824
Coty
COTY
$2.33B
| $11.9M | 0.02% |
648,622
-53,845,604
| -99% | -$1.11B |
|
825
Royal Caribbean
RCL
$66.7B
| $11.9M | 0.02% |
144,642
+11,384
| +9% | +$896K |
|
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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 $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.