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 | |
|---|---|---|---|---|---|---|
|
CNH
1451
CNH Industrial
CNH
$17.7B
| $7.26M | 0.01% |
694,712
-683,296
| -50% | -$6.89M |
|
1452
HCI Group
HCI
$2.46B
| $7.24M | 0.01% |
189,344
+181,221
| +2,231% | +$7.44M |
|
|
TLGT
1453
DELISTED
Teligent, Inc
TLGT
| $7.24M | 0.01% |
107,906
+73,410
| +213% | +$5.38M |
|
1454
CALL
PACCAR
PCAR
$70B
| $7.23M | 0.01% |
+150,000
| New | +$6.77M |
|
1455
PUT
Delta Air Lines
DAL
$60.3B
| $7.23M | 0.01% |
+150,000
| New | +$7.48M |
|
1456
Constellation Brands
STZ
$23.3B
| $7.23M | 0.01% |
36,239
+22,556
| +165% | +$4.46M |
|
|
SFS
1457
DELISTED
Smart & Final Stores, Inc.
SFS
| $7.22M | 0.01% |
919,236
+892,380
| +3,323% | +$6.87M |
|
1458
Amgen
AMGN
$222B
| $7.2M | 0.01% |
38,590
-4,180
| -10% | -$741K |
|
|
VALE.P
1459
DELISTED
Vale S A
VALE.P
| $7.19M | 0.01% |
768,968
+611,381
| +388% | +$5.74M |
|
1460
Nucor
NUE
$62.2B
| $7.19M | 0.01% |
128,233
-758,780
| -86% | -$42.9M |
|
|
BEST
1461
DELISTED
BEST Inc. American Depositary Shares, each representing twenty (20) Class A Ordinary Shares
BEST
| $7.18M | 0.01% |
+30,000
| New | +$6.93M |
|
|
DYN
1462
DELISTED
Dynegy, Inc.
DYN
| $7.18M | 0.01% |
733,529
-66,087
| -8% | -$590K |
|
1463
Neurocrine Biosciences
NBIX
$16.7B
| $7.16M | 0.01% |
+116,905
| New | +$6.17M |
|
1464
Heritage Financial
HFWA
$1.22B
| $7.13M | 0.01% |
241,860
+54,910
| +29% | +$1.48M |
|
|
P
1465
Everpure Inc
P
$29.8B
| $7.13M | 0.01% |
446,103
+232,478
| +109% | +$3.19M |
|
1466
Northrop Grumman
NOC
$81.2B
| $7.12M | 0.01% |
24,749
-5,708
| -19% | -$1.54M |
|
1467
Sysco
SYY
$40.2B
| $7.12M | 0.01% |
131,949
+49,517
| +60% | +$2.58M |
|
1468
PUT
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$312M
| $7.12M | 0.01% |
200,000
| – | – |
|
1469
AXIS Capital
AXS
$7.54B
| $7.08M | 0.01% |
123,476
+79,699
| +182% | +$4.92M |
|
1470
Photronics
PLAB
$1.93B
| $7.07M | 0.01% |
798,356
+773,453
| +3,106% | +$6.87M |
|
|
AD
1471
Array Digital Infrastructure
AD
$3.06B
| $7.03M | 0.01% |
198,580
+67,624
| +52% | +$2.55M |
|
1472
Casella Waste Systems
CWST
$5.63B
| $7.01M | 0.01% |
372,707
+151,116
| +68% | +$2.57M |
|
|
TWOU
1473
CALL
DELISTED
2U Inc
TWOU
| $7M | 0.01% |
+4,167
| New | +$6.27M |
|
|
AVDL
1474
DELISTED
Avadel Pharmaceuticals
AVDL
| $7M | 0.01% |
666,200
-100,173
| -13% | -$956K |
|
1475
Matthews International
MATW
$716M
| $6.99M | 0.01% |
112,296
+73,209
| +187% | +$4.57M |
|
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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.