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 | |
|---|---|---|---|---|---|---|
|
ELNK
826
DELISTED
EarthLink Holdings Corp.
ELNK
| $11.9M | 0.02% |
2,102,949
+893,318
| +74% | +$5.09M |
|
827
Criteo S.A.
CRTO
$837M
| $11.9M | 0.02% |
288,534
-80,113
| -22% | -$3.12M |
|
828
Bank of N.T. Butterfield & Son
NTB
$2.34B
| $11.9M | 0.02% |
376,954
-240,900
| -39% | -$6.76M |
|
829
PUT
Invesco QQQ Trust
QQQ
$474B
| $11.8M | 0.02% |
+100,000
| New | +$11.8M |
|
830
Black Hills Corp
BKH
$5.33B
| $11.8M | 0.02% |
192,922
-1,150,899
| -86% | -$68.7M |
|
|
WCN
831
PUT
Waste Connections
WCN
$40.1B
| $11.8M | 0.02% |
+225,000
| New | +$11.4M |
|
832
Bloomin' Brands
BLMN
$686M
| $11.8M | 0.02% |
653,731
+625,661
| +2,229% | +$11.3M |
|
|
PFPT
833
DELISTED
Proofpoint, Inc.
PFPT
| $11.8M | 0.02% |
166,706
-332,887
| -67% | -$25.1M |
|
|
CAFD
834
DELISTED
8point3 Energy Partners LP
CAFD
| $11.8M | 0.02% |
905,612
+473,284
| +109% | +$6.48M |
|
|
NMBL
835
DELISTED
Nimble Storage, Inc.
NMBL
| $11.7M | 0.02% |
1,476,903
+147,284
| +11% | +$1.2M |
|
836
Owens Corning
OC
$10.2B
| $11.7M | 0.02% |
226,545
+55,998
| +33% | +$2.9M |
|
837
CALL
VanEck Oil Services ETF
OIH
$2.02B
| $11.7M | 0.02% |
17,500
-17,500
| -50% | -$10.9M |
|
838
Nu Skin
NUS
$231M
| $11.7M | 0.02% |
243,895
+153,135
| +169% | +$8.58M |
|
|
DCH
839
Dauch Corp
DCH
$1.45B
| $11.6M | 0.02% |
603,569
+159,381
| +36% | +$2.7M |
|
|
BGFV
840
DELISTED
Big 5 Sporting Goods
BGFV
| $11.6M | 0.02% |
670,090
+649,560
| +3,164% | +$11.4M |
|
841
CALL
Honeywell
HON
$64.5B
| $11.6M | 0.02% |
+110,700
| New | +$11.3M |
|
842
SPDR Gold Trust
GLD
$145B
| $11.6M | 0.02% |
105,675
-121,724
| -54% | -$14.1M |
|
|
CERN
843
DELISTED
Cerner Corp
CERN
| $11.5M | 0.02% |
+243,351
| New | +$12.9M |
|
|
WBC
844
DELISTED
WABCO HOLDINGS INC.
WBC
| $11.5M | 0.02% |
108,009
-88,645
| -45% | -$9.27M |
|
845
Encompass Health
EHC
$12B
| $11.5M | 0.02% |
349,084
-189,435
| -35% | -$6.15M |
|
|
ULTI
846
DELISTED
Ultimate Software Group Inc
ULTI
| $11.4M | 0.02% |
62,749
+34,435
| +122% | +$6.9M |
|
|
PCH
847
DELISTED
PotlatchDeltic
PCH
| $11.4M | 0.02% |
274,240
+95,137
| +53% | +$3.84M |
|
|
GOLD
848
DELISTED
Randgold Resources Ltd
GOLD
| $11.4M | 0.02% |
149,519
+68,743
| +85% | +$5.45M |
|
|
AD
849
Array Digital Infrastructure
AD
$3.29B
| $11.4M | 0.02% |
260,363
+126,461
| +94% | +$4.79M |
|
850
Enviri
NVRI
$606M
| $11.4M | 0.02% |
836,450
+516,982
| +162% | +$6.2M |
|
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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.