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 |
Salesforce
CRM
|
+$208M |
| 2 |
Lowe's Companies
LOW
|
+$198M |
| 3 |
American Tower
AMT
|
+$161M |
| 4 |
Lennar Class A
LEN
|
+$150M |
| 5 |
British American Tobacco
BTI
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$208M |
| 2 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$177M |
| 3 |
Crown Castle
CCI
|
+$168M |
| 4 |
Walmart Inc
WMT
|
+$167M |
| 5 |
Entergy
ETR
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.27% |
| 2 | Technology | 12.59% |
| 3 | Healthcare | 10.49% |
| 4 | Industrials | 10.32% |
| 5 | Consumer Discretionary | 9.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1376
Stellantis
STLA
$20.8B
| $8.1M | 0.01% |
452,442
-371,696
| -45% | -$5.14M |
|
1377
Clean Harbors
CLH
$16.2B
| $8.1M | 0.01% |
142,771
+110,405
| +341% | +$6.01M |
|
1378
Q2 Holdings
QTWO
$3.94B
| $8.09M | 0.01% |
194,135
+55,194
| +40% | +$2.16M |
|
1379
Forward Air
FWRD
$659M
| $8.08M | 0.01% |
141,256
+131,648
| +1,370% | +$6.95M |
|
1380
Golub Capital BDC
GBDC
$3.43B
| $8.06M | 0.01% |
437,057
+281,935
| +182% | +$5.26M |
|
1381
Union Pacific
UNP
$176B
| $8.06M | 0.01% |
69,470
-878,523
| -93% | -$94.2M |
|
1382
Option Care Health
OPCH
$3.59B
| $8.05M | 0.01% |
731,471
+570,190
| +354% | +$6.44M |
|
1383
First Commonwealth Financial
FCF
$2.17B
| $8.04M | 0.01% |
569,174
-95,876
| -14% | -$1.24M |
|
|
CRCM
1384
DELISTED
CARE.COM, INC.
CRCM
| $8.03M | 0.01% |
505,301
+289,364
| +134% | +$4.29M |
|
|
LPNT
1385
DELISTED
LifePoint Health, Inc.
LPNT
| $8.03M | 0.01% |
138,673
+80,299
| +138% | +$4.78M |
|
1386
Universal Insurance Holdings
UVE
$1.24B
| $8.03M | 0.01% |
349,025
+233,722
| +203% | +$5.3M |
|
1387
Stoneridge
SRI
$210M
| $8.02M | 0.01% |
404,800
+171,287
| +73% | +$2.84M |
|
1388
LivePerson
LPSN
$28.5M
| $8.01M | 0.01% |
39,418
+14,493
| +58% | +$2.78M |
|
|
MIK
1389
DELISTED
Michaels Stores, Inc
MIK
| $8.01M | 0.01% |
372,940
-495,259
| -57% | -$10.1M |
|
|
WW
1390
DELISTED
WW International
WW
| $8M | 0.01% |
183,683
-181,778
| -50% | -$7.55M |
|
1391
Netflix
NFLX
$309B
| $7.99M | 0.01% |
440,450
+112,570
| +34% | +$1.96M |
|
|
JCP
1392
DELISTED
J.C. Penney Company, Inc.
JCP
| $7.96M | 0.01% |
+2,088,561
| New | +$9.24M |
|
1393
BorgWarner
BWA
$14B
| $7.94M | 0.01% |
176,078
-831,309
| -83% | -$33.9M |
|
1394
Chevron
CVX
$368B
| $7.92M | 0.01% |
67,448
-346,095
| -84% | -$37.8M |
|
|
ETFC
1395
PUT
DELISTED
E*Trade Financial Corporation
ETFC
| $7.88M | 0.01% |
+180,700
| New | +$7.34M |
|
|
TGE
1396
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $7.87M | 0.01% |
278,489
+200,288
| +256% | +$5.19M |
|
1397
Adecoagro
AGRO
$1.37B
| $7.85M | 0.01% |
727,050
+522,439
| +255% | +$5.23M |
|
1398
CALL
McDonald's
MCD
$195B
| $7.83M | 0.01% |
+50,000
| New | +$7.84M |
|
1399
HealthEquity
HQY
$8.76B
| $7.83M | 0.01% |
+154,821
| New | +$7.21M |
|
|
CHUY
1400
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
| $7.83M | 0.01% |
372,023
+328,423
| +753% | +$6.97M |
|
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Millennium Management's Q3 2017 Portfolio in Review
As of Q3 2017, Millennium Management held 4,198 positions worth $65.6B, up 17% from $56.1B the previous quarter. Its ten largest holdings account for 7.8% of the portfolio.
Millennium Management deployed $6.37B of net new capital in Q3 2017, opening 794 new positions and adding to 1,441 existing holdings. Its largest new stake was Northern Trust: 1,591,041 shares worth $146M.
By sector, the portfolio is most concentrated in Financials at 13% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Gilead Sciences, an estimated $208M trimmed.
- Millennium Management's largest Q3 2017 buy was Northern Trust: 1,591,041 shares worth $146M.
- Millennium Management added most to Salesforce in Q3 2017, an estimated $208M increase.
- Millennium Management's biggest Q3 2017 reduction was Gilead Sciences, cutting an estimated $208M.
- Millennium Management fully exited CONCHO RESOURCES INC. in Q3 2017, selling an estimated $177M.
- Millennium Management's ten largest holdings make up 7.8% of its $65.6B portfolio in Q3 2017.
- Millennium Management opened 794 new positions and closed 737 in Q3 2017.
- Millennium Management's portfolio value rose 17% quarter-over-quarter to $65.6B.
Based on Millennium Management's 13F filing for Q3 2017, filed 14 Nov 2017.