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 | |
|---|---|---|---|---|---|---|
|
RWT
1426
Redwood Trust
RWT
$587M
| $4.28M | 0.01% |
281,281
-205,434
| -42% | -$3.02M |
|
|
PF
1427
CALL
DELISTED
Pinnacle Foods, Inc.
PF
| $4.28M | 0.01% |
+80,000
| New | +$4.06M |
|
1428
Saic
SAIC
$5.14B
| $4.27M | 0.01% |
50,386
+43,470
| +629% | +$3.33M |
|
1429
Vanguard Total International Bond ETF
BNDX
$82.3B
| $4.27M | 0.01% |
78,638
-31,998
| -29% | -$1.75M |
|
1430
CACI
CACI
$11.3B
| $4.26M | 0.01% |
34,240
-37,232
| -52% | -$4.3M |
|
1431
CALL
Waste Management
WM
$96.1B
| $4.25M | 0.01% |
60,000
-40,000
| -40% | -$2.68M |
|
1432
Hudbay
HBM
$9.67B
| $4.24M | 0.01% |
744,497
+227,538
| +44% | +$1.22M |
|
|
TEN
1433
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $4.23M | 0.01% |
67,673
-25,236
| -27% | -$1.48M |
|
|
WAIR
1434
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $4.23M | 0.01% |
282,699
+115,478
| +69% | +$1.62M |
|
1435
PUT
Sonoco
SON
$5.99B
| $4.22M | 0.01% |
+80,000
| New | +$4.17M |
|
|
1436
CALL
Procter & Gamble
PG
$347B
| $4.2M | 0.01% |
50,000
| – | – |
|
|
ANDX
1437
DELISTED
Andeavor Logistics LP
ANDX
| $4.2M | 0.01% |
+82,744
| New | +$3.91M |
|
1438
New Mountain Finance
NMFC
$668M
| $4.2M | 0.01% |
297,686
+160,742
| +117% | +$2.22M |
|
1439
Enerpac Tool Group
EPAC
$1.9B
| $4.2M | 0.01% |
161,653
-87,141
| -35% | -$2.18M |
|
|
HTO
1440
H2O America
HTO
$2.69B
| $4.19M | 0.01% |
+74,801
| New | +$3.78M |
|
|
MFA
1441
MFA Financial
MFA
$935M
| $4.19M | 0.01% |
137,155
-94,348
| -41% | -$2.83M |
|
1442
Belden
BDC
$4.09B
| $4.18M | 0.01% |
55,958
-52,830
| -49% | -$3.76M |
|
1443
Goodyear
GT
$2.12B
| $4.18M | 0.01% |
135,471
-1,814,478
| -93% | -$56.1M |
|
1444
B2Gold
BTG
$5.12B
| $4.18M | 0.01% |
1,762,079
-4,074,665
| -70% | -$10.1M |
|
1445
Koppers
KOP
$965M
| $4.17M | 0.01% |
103,577
+41,508
| +67% | +$1.52M |
|
1446
British American Tobacco
BTI
$134B
| $4.16M | 0.01% |
73,890
+65,082
| +739% | +$3.69M |
|
1447
Vornado Realty Trust
VNO
$7.54B
| $4.15M | 0.01% |
49,235
-110,032
| -69% | -$8.65M |
|
1448
Cinemark Holdings
CNK
$4.09B
| $4.15M | 0.01% |
108,119
-142,349
| -57% | -$5.66M |
|
1449
Fulton Financial
FULT
$4.73B
| $4.15M | 0.01% |
220,588
+209,961
| +1,976% | +$3.52M |
|
|
BGC
1450
DELISTED
General Cable Corporation
BGC
| $4.14M | 0.01% |
217,442
+98,941
| +83% | +$1.67M |
|
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.