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 | |
|---|---|---|---|---|---|---|
|
TIME
1076
DELISTED
Time Inc.
TIME
| $7.57M | 0.02% |
424,118
+384,964
| +983% | +$5.71M |
|
1077
Terreno Realty
TRNO
$7.58B
| $7.52M | 0.02% |
263,854
-103,100
| -28% | -$2.76M |
|
1078
Cenovus Energy
CVE
$54.2B
| $7.52M | 0.02% |
496,762
-662,418
| -57% | -$9.97M |
|
|
ATH
1079
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $7.51M | 0.02% |
+156,474
| New | +$7.24M |
|
1080
PUT
Ball Corp
BALL
$17.5B
| $7.51M | 0.02% |
+200,000
| New | +$7.73M |
|
1081
NVR
NVR
$17.1B
| $7.5M | 0.02% |
4,494
+240
| +6% | +$383K |
|
1082
Hasbro
HAS
$13.5B
| $7.5M | 0.02% |
96,354
-102,597
| -52% | -$8.47M |
|
1083
AngioDynamics
ANGO
$605M
| $7.49M | 0.02% |
444,196
+153,460
| +53% | +$2.56M |
|
1084
The Mosaic Company
MOS
$7.19B
| $7.47M | 0.02% |
254,622
+193,422
| +316% | +$5.19M |
|
1085
CALL
DexCom
DXCM
$29B
| $7.46M | 0.02% |
+500,000
| New | +$8.86M |
|
1086
Goldman Sachs
GS
$289B
| $7.46M | 0.02% |
31,167
-298,226
| -91% | -$60.6M |
|
|
DERM
1087
DELISTED
Dermira, Inc.
DERM
| $7.46M | 0.02% |
246,064
+184,457
| +299% | +$5.94M |
|
|
TWTR
1088
DELISTED
Twitter, Inc.
TWTR
| $7.43M | 0.02% |
455,992
-336,840
| -42% | -$6.18M |
|
|
WRK
1089
DELISTED
WestRock Company
WRK
| $7.42M | 0.02% |
146,221
-1,188,141
| -89% | -$58.4M |
|
|
EMES
1090
DELISTED
Emerge Energy Services LP
EMES
| $7.41M | 0.02% |
602,315
+73,416
| +14% | +$900K |
|
1091
Kosmos Energy
KOS
$1.47B
| $7.38M | 0.02% |
1,053,435
+55,263
| +6% | +$315K |
|
1092
Cathay General Bancorp
CATY
$4.23B
| $7.38M | 0.02% |
194,172
+184,179
| +1,843% | +$6.23M |
|
1093
PUT
Eli Lilly
LLY
$1.08T
| $7.36M | 0.02% |
100,000
+51,500
| +106% | +$3.84M |
|
1094
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.05B
| $7.35M | 0.02% |
67,237
-109,384
| -62% | -$11.9M |
|
|
ITCI
1095
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $7.34M | 0.02% |
486,493
+105,290
| +28% | +$1.49M |
|
1096
Coherent
COHR
$43.4B
| $7.33M | 0.02% |
247,370
-65,745
| -21% | -$1.87M |
|
|
AEL
1097
DELISTED
American Equity Investment Life Holding Company
AEL
| $7.32M | 0.02% |
324,749
+151,910
| +88% | +$3.04M |
|
|
GCI
1098
DELISTED
Gannett Co., Inc
GCI
| $7.29M | 0.02% |
751,324
+108,574
| +17% | +$1.06M |
|
|
TRCO
1099
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $7.29M | 0.02% |
208,334
-145,837
| -41% | -$4.98M |
|
1100
Supernus Pharmaceuticals
SUPN
$2.7B
| $7.26M | 0.02% |
287,431
-25,927
| -8% | -$579K |
|
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 $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.