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 | |
|---|---|---|---|---|---|---|
|
VVC
1101
DELISTED
Vectren Corporation
VVC
| $7.26M | 0.02% |
139,178
-26,307
| -16% | -$1.3M |
|
1102
Martin Marietta Materials
MLM
$34.2B
| $7.22M | 0.02% |
32,616
-157,216
| -83% | -$32.3M |
|
1103
CALL
Molson Coors Class B
TAP
$8.02B
| $7.22M | 0.02% |
+74,200
| New | +$7.57M |
|
1104
Valero Energy
VLO
$89.5B
| $7.21M | 0.02% |
105,577
-321,250
| -75% | -$19.8M |
|
1105
Coca-Cola
KO
$383B
| $7.19M | 0.02% |
+173,397
| New | +$7.22M |
|
1106
Fair Isaac
FICO
$31.8B
| $7.18M | 0.02% |
60,214
+23,915
| +66% | +$2.84M |
|
|
WAAS
1107
DELISTED
AquaVenture Holdings Limited
WAAS
| $7.17M | 0.02% |
+292,329
| New | +$6.68M |
|
1108
Cincinnati Financial
CINF
$27.8B
| $7.16M | 0.02% |
94,531
+43,416
| +85% | +$3.23M |
|
|
RDUS
1109
DELISTED
Radius Recycling
RDUS
| $7.14M | 0.01% |
277,682
+256,151
| +1,190% | +$6.59M |
|
1110
EPAM Systems
EPAM
$5.58B
| $7.13M | 0.01% |
+110,948
| New | +$7.12M |
|
|
TBI
1111
Trueblue
TBI
$227M
| $7.11M | 0.01% |
288,516
+90,165
| +45% | +$1.9M |
|
|
MYOK
1112
DELISTED
MyoKardia, Inc. Common Stock
MYOK
| $7.08M | 0.01% |
546,394
+464,838
| +570% | +$7.16M |
|
|
ESV
1113
CALL
DELISTED
Ensco Rowan plc
ESV
| $7.07M | 0.01% |
181,825
| – | – |
|
1114
Empire State Realty Trust
ESRT
$1B
| $7.02M | 0.01% |
+347,479
| New | +$6.89M |
|
|
CARB
1115
DELISTED
Carbonite Inc
CARB
| $7M | 0.01% |
426,934
+170,263
| +66% | +$2.9M |
|
1116
Medpace
MEDP
$16.3B
| $7M | 0.01% |
194,091
+94,321
| +95% | +$3.14M |
|
1117
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.6B
| $6.97M | 0.01% |
134,870
-16,994
| -11% | -$880K |
|
1118
Warner Bros
WBD
$64.3B
| $6.97M | 0.01% |
254,130
-17,729
| -7% | -$481K |
|
1119
Azenta
AZTA
$1.3B
| $6.96M | 0.01% |
407,644
+372,426
| +1,057% | +$5.6M |
|
1120
Sixth Street Specialty
TSLX
$1.67B
| $6.96M | 0.01% |
372,302
+153,134
| +70% | +$2.79M |
|
|
MRT
1121
DELISTED
MedEquities Realty Trust, Inc.
MRT
| $6.95M | 0.01% |
626,053
-344,475
| -35% | -$3.85M |
|
1122
Precigen
PGEN
$1.94B
| $6.92M | 0.01% |
+287,363
| New | +$8M |
|
1123
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $6.91M | 0.01% |
58,992
+29,814
| +102% | +$3.54M |
|
1124
iShares Silver Trust
SLV
$27.7B
| $6.91M | 0.01% |
457,008
+146,508
| +47% | +$2.38M |
|
1125
Smart Sand
SND
$179M
| $6.9M | 0.01% |
+416,991
| New | +$5.54M |
|
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.