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 | |
|---|---|---|---|---|---|---|
|
CSII
1201
DELISTED
Cardiovascular Systems, Inc.
CSII
| $6.11M | 0.01% |
252,265
-139,764
| -36% | -$3.43M |
|
|
MASI
1202
DELISTED
Masimo
MASI
| $6.09M | 0.01% |
90,398
-15,004
| -14% | -$922K |
|
1203
Ashland
ASH
$3.34B
| $6.06M | 0.01% |
113,295
-304,454
| -73% | -$16.7M |
|
1204
Ecopetrol
EC
$33.7B
| $6.05M | 0.01% |
668,894
+470,994
| +238% | +$4.13M |
|
|
XLNX
1205
CALL
DELISTED
Xilinx Inc
XLNX
| $6.04M | 0.01% |
100,000
| – | – |
|
|
REGI
1206
DELISTED
Renewable Energy Group, Inc.
REGI
| $6.02M | 0.01% |
620,891
+183,557
| +42% | +$1.72M |
|
1207
Genpact
G
$6.22B
| $6.01M | 0.01% |
247,031
+137,094
| +125% | +$3.27M |
|
|
ISEE
1208
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $6.01M | 0.01% |
1,243,986
+879,033
| +241% | +$26.1M |
|
|
VALE.P
1209
DELISTED
Vale S A
VALE.P
| $6.01M | 0.01% |
871,995
-100,096
| -10% | -$663K |
|
1210
Cohen & Steers
CNS
$4.2B
| $6M | 0.01% |
178,591
-24,943
| -12% | -$912K |
|
1211
Clean Energy Fuels
CLNE
$416M
| $5.99M | 0.01% |
2,093,346
+77,162
| +4% | +$291K |
|
|
CBPX
1212
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $5.97M | 0.01% |
258,623
-4,693
| -2% | -$102K |
|
|
EGRX
1213
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $5.97M | 0.01% |
+75,232
| New | +$5.46M |
|
|
BWLD
1214
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $5.96M | 0.01% |
38,602
-432,189
| -92% | -$67.2M |
|
|
TDAY
1215
USA Today Co
TDAY
$1.29B
| $5.95M | 0.01% |
372,124
+283,237
| +319% | +$4.37M |
|
1216
Eli Lilly
LLY
$1.08T
| $5.95M | 0.01% |
80,896
-108,464
| -57% | -$8.08M |
|
1217
Tyler Technologies
TYL
$13.7B
| $5.94M | 0.01% |
41,600
-13,269
| -24% | -$2.06M |
|
|
EOCC
1218
DELISTED
Enel Generacion Chile S.A.
EOCC
| $5.93M | 0.01% |
304,939
-118,281
| -28% | -$2.34M |
|
1219
Comfort Systems
FIX
$53.5B
| $5.92M | 0.01% |
177,867
-81,995
| -32% | -$2.55M |
|
|
ATSG
1220
DELISTED
Air Transport Services Group
ATSG
| $5.92M | 0.01% |
370,744
+272,405
| +277% | +$4.21M |
|
1221
CALL
G-III Apparel Group
GIII
$1.54B
| $5.91M | 0.01% |
+200,000
| New | +$5.81M |
|
1222
Texas Pacific Land
TPL
$26.9B
| $5.9M | 0.01% |
178,902
+170,802
| +2,109% | +$5.35M |
|
1223
Wendy's
WEN
$1.46B
| $5.9M | 0.01% |
+436,134
| New | +$5.26M |
|
|
DFT
1224
DELISTED
DuPont Fabros Technology Inc.
DFT
| $5.89M | 0.01% |
134,128
-416,193
| -76% | -$17.1M |
|
|
AVP
1225
DELISTED
Avon Products, Inc.
AVP
| $5.85M | 0.01% |
1,161,337
-1,109,559
| -49% | -$6.45M |
|
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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.