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 | 12.19% |
| 2 | Financials | 11.87% |
| 3 | Industrials | 10.26% |
| 4 | Energy | 9.33% |
| 5 | Technology | 9.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1051
Public Storage
PSA
$61.5B
| $7.94M | 0.02% |
35,530
-8,800
| -20% | -$1.87M |
|
|
STL
1052
DELISTED
Sterling Bancorp
STL
| $7.94M | 0.02% |
339,179
-44,307
| -12% | -$918K |
|
1053
Gerdau
GGB
$9.54B
| $7.88M | 0.02% |
3,161,559
+1,832,308
| +138% | +$4.99M |
|
|
AUY
1054
DELISTED
Yamana Gold, Inc.
AUY
| $7.87M | 0.02% |
2,802,206
+1,604,288
| +134% | +$5.24M |
|
1055
Kinross Gold
KGC
$27.7B
| $7.83M | 0.02% |
2,518,904
-277,175
| -10% | -$973K |
|
1056
CALL
Exelixis
EXEL
$13.9B
| $7.83M | 0.02% |
525,000
+325,000
| +163% | +$4.69M |
|
|
1057
PUT
Exelixis
EXEL
$13.9B
| $7.83M | 0.02% |
+525,000
| New | +$7.57M |
|
1058
Vale
VALE
$62.3B
| $7.83M | 0.02% |
1,026,994
-4,418,895
| -81% | -$32.4M |
|
|
RDUS
1059
DELISTED
Radius Health, Inc.
RDUS
| $7.82M | 0.02% |
205,734
+135,965
| +195% | +$6.47M |
|
|
FLY
1060
DELISTED
Fly Leasing Limited
FLY
| $7.8M | 0.02% |
586,676
+36,961
| +7% | +$480K |
|
|
XXIA
1061
DELISTED
Ixia
XXIA
| $7.77M | 0.02% |
482,459
-63,514
| -12% | -$878K |
|
|
WRD
1062
DELISTED
WildHorse Resource Development
WRD
| $7.77M | 0.02% |
+531,936
| New | +$7.76M |
|
1063
Korn Ferry
KFY
$4.31B
| $7.75M | 0.02% |
263,185
+130,797
| +99% | +$3.19M |
|
|
GIMO
1064
PUT
DELISTED
Gigamon Inc.
GIMO
| $7.74M | 0.02% |
+170,000
| New | +$8.85M |
|
|
X
1065
DELISTED
US Steel
X
| $7.74M | 0.02% |
+234,564
| New | +$6.27M |
|
1066
PUT
Neurocrine Biosciences
NBIX
$18.2B
| $7.74M | 0.02% |
+200,000
| New | +$9.05M |
|
1067
CALL
iShares US Real Estate ETF
IYR
$4.75B
| $7.69M | 0.02% |
100,000
-100,000
| -50% | -$7.6M |
|
|
JWN
1068
DELISTED
Nordstrom
JWN
| $7.68M | 0.02% |
160,165
+93,112
| +139% | +$5.06M |
|
1069
Commault Systems
CVLT
$4.98B
| $7.64M | 0.02% |
148,627
-146,994
| -50% | -$7.88M |
|
|
MBLY
1070
PUT
DELISTED
Mobileye N.V.
MBLY
| $7.62M | 0.02% |
200,000
-300,000
| -60% | -$11.3M |
|
|
EGL
1071
DELISTED
Engility Holdings, Inc.
EGL
| $7.62M | 0.02% |
226,069
+68,892
| +44% | +$2.28M |
|
|
TRVN
1072
DELISTED
Trevena, Inc.
TRVN
| $7.62M | 0.02% |
2,073
+332
| +19% | +$1.19M |
|
|
PMC
1073
DELISTED
PharMerica Corporation
PMC
| $7.6M | 0.02% |
302,064
-307,220
| -50% | -$7.76M |
|
|
FBC
1074
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $7.6M | 0.02% |
281,946
-124,053
| -31% | -$3.42M |
|
|
NXTM
1075
DELISTED
NxStage Medical Inc.
NXTM
| $7.59M | 0.02% |
289,547
-558,868
| -66% | -$13.8M |
|
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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 $13B 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 12% of assets, up from 10% a quarter earlier, followed by Financials and Industrials.
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.