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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$593M |
| 2 |
Abbott
ABT
|
+$259M |
| 3 |
AutoZone
AZO
|
+$204M |
| 4 |
AABA
Altaba Inc
AABA
|
+$186M |
| 5 |
D.R. Horton
DHI
|
+$178M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Honeywell
HON
|
+$215M |
| 2 |
Public Service Enterprise Group
PEG
|
+$211M |
| 3 |
Applied Materials
AMAT
|
+$203M |
| 4 |
Intuitive Surgical
ISRG
|
+$194M |
| 5 |
ConocoPhillips
COP
|
+$192M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.87% |
| 2 | Technology | 11.53% |
| 3 | Consumer Discretionary | 11.36% |
| 4 | Healthcare | 11.05% |
| 5 | Industrials | 10.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EOCC
1651
DELISTED
Enel Generacion Chile S.A.
EOCC
| $6M | 0.01% |
222,837
+176,357
| +379% | +$4.61M |
|
1652
Beazer Homes USA
BZH
$888M
| $5.98M | 0.01% |
311,238
+31,391
| +11% | +$630K |
|
1653
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.7B
| $5.96M | 0.01% |
120,822
+66,024
| +120% | +$3.11M |
|
1654
Compañía de Cervecerías Unidas
CCU
$2.14B
| $5.95M | 0.01% |
201,138
+150,120
| +294% | +$4.11M |
|
1655
Monolithic Power Systems
MPWR
$61.4B
| $5.94M | 0.01% |
+52,831
| New | +$6.13M |
|
1656
Semtech
SMTC
$9.65B
| $5.92M | 0.01% |
173,049
-229,138
| -57% | -$8.58M |
|
1657
Chemed
CHE
$7.16B
| $5.9M | 0.01% |
24,290
-9,647
| -28% | -$2.19M |
|
1658
SLB Ltd
SLB
$72.7B
| $5.89M | 0.01% |
+87,451
| New | +$5.67M |
|
1659
Banco Santander
SAN
$191B
| $5.87M | 0.01% |
936,422
+741,880
| +381% | +$4.69M |
|
|
VRE
1660
DELISTED
Veris Residential
VRE
| $5.87M | 0.01% |
272,154
+157,576
| +138% | +$3.55M |
|
|
TOUR
1661
Tuniu
TOUR
$56.2M
| $5.87M | 0.01% |
76,496
+45,565
| +147% | +$3.56M |
|
|
IVC
1662
DELISTED
Invacare Corporation
IVC
| $5.86M | 0.01% |
347,888
+188,331
| +118% | +$3.06M |
|
1663
Akamai
AKAM
$15.6B
| $5.85M | 0.01% |
89,987
-215,574
| -71% | -$11.9M |
|
|
AAWW
1664
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $5.85M | 0.01% |
99,713
+9,131
| +10% | +$545K |
|
1665
Graphic Packaging
GPK
$3.35B
| $5.84M | 0.01% |
378,223
-1,540,352
| -80% | -$23.2M |
|
1666
Argan
AGX
$6.9B
| $5.82M | 0.01% |
129,420
+114,236
| +752% | +$6.8M |
|
|
NGHC
1667
DELISTED
National General Holdings Corp
NGHC
| $5.81M | 0.01% |
295,982
-59,437
| -17% | -$1.22M |
|
|
FPRX
1668
DELISTED
Five Prime Therapeutics, Inc.
FPRX
| $5.78M | 0.01% |
263,712
-89,151
| -25% | -$2.87M |
|
|
HMSY
1669
DELISTED
HMS Holdings Corp.
HMSY
| $5.78M | 0.01% |
+340,943
| New | +$5.97M |
|
1670
Oppenheimer Holdings
OPY
$1.18B
| $5.77M | 0.01% |
+215,203
| New | +$5.07M |
|
1671
General Mills
GIS
$20.2B
| $5.76M | 0.01% |
+97,171
| New | +$5.26M |
|
1672
CONMED
CNMD
$1.3B
| $5.76M | 0.01% |
+112,952
| New | +$5.88M |
|
1673
Ultragenyx Pharmaceutical
RARE
$2.46B
| $5.74M | 0.01% |
123,835
+37,315
| +43% | +$1.83M |
|
1674
iShares Russell 1000 ETF
IWB
$47.1B
| $5.74M | 0.01% |
38,609
+13,034
| +51% | +$1.89M |
|
|
JNPR
1675
DELISTED
Juniper Networks
JNPR
| $5.73M | 0.01% |
201,150
-3,450,933
| -94% | -$93.2M |
|
Similar funds
Millennium Management's Q4 2017 Portfolio in Review
As of Q4 2017, Millennium Management held 4,357 positions worth $72.5B, up 10% from $65.6B the previous quarter. Its ten largest holdings account for 6.7% of the portfolio.
Millennium Management deployed $3.05B of net new capital in Q4 2017, opening 897 new positions and adding to 1,473 existing holdings. Its largest new stake was Viatris: 2,905,317 shares worth $123M.
By sector, the portfolio is most concentrated in Financials at 14% of assets, up from 13% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Honeywell, an estimated $215M trimmed.
- Millennium Management's largest Q4 2017 buy was Viatris: 2,905,317 shares worth $123M.
- Millennium Management added most to State Street SPDR S&P 500 ETF Trust in Q4 2017, an estimated $593M increase.
- Millennium Management's biggest Q4 2017 reduction was Honeywell, cutting an estimated $215M.
- Millennium Management fully exited Paychex in Q4 2017, selling an estimated $66.4M.
- Millennium Management's ten largest holdings make up 6.7% of its $72.5B portfolio in Q4 2017.
- Millennium Management opened 897 new positions and closed 601 in Q4 2017.
- Millennium Management's portfolio value rose 10% quarter-over-quarter to $72.5B.
Based on Millennium Management's 13F filing for Q4 2017, filed 14 Feb 2018.