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 | |
|---|---|---|---|---|---|---|
1726
Preferred Bank
PFBC
$1.25B
| $2.61M | 0.01% |
49,818
-24,038
| -33% | -$1.02M |
|
|
CLSD
1727
DELISTED
Clearside Biomedical
CLSD
| $2.61M | 0.01% |
+19,448
| New | +$4.88M |
|
1728
TFS Financial
TFSL
$5.18B
| $2.61M | 0.01% |
136,961
-58,254
| -30% | -$1.07M |
|
|
AXAS
1729
DELISTED
Abraxas Petroleum Corp
AXAS
| $2.6M | 0.01% |
+50,670
| New | +$2M |
|
1730
Omnicom Group
OMC
$24.6B
| $2.6M | 0.01% |
+30,538
| New | +$2.56M |
|
|
PGEM
1731
DELISTED
Ply Gem Holdings, Inc.
PGEM
| $2.6M | 0.01% |
159,940
-182,008
| -53% | -$2.71M |
|
|
PMT
1732
PennyMac Mortgage Investment
PMT
$854M
| $2.6M | 0.01% |
158,495
+100,849
| +175% | +$1.6M |
|
1733
EnerSys
ENS
$6.69B
| $2.59M | 0.01% |
33,206
+27,645
| +497% | +$2.03M |
|
1734
Chegg
CHGG
$121M
| $2.59M | 0.01% |
350,702
+327,791
| +1,431% | +$2.44M |
|
|
LKSD
1735
DELISTED
LSC Communications, Inc.
LKSD
| $2.59M | 0.01% |
+87,201
| New | +$2.07M |
|
|
WIFI
1736
DELISTED
Boingo Wireless, Inc.
WIFI
| $2.59M | 0.01% |
+212,163
| New | +$2.37M |
|
1737
MacroGenics
MGNX
$245M
| $2.58M | 0.01% |
126,235
-64,317
| -34% | -$1.62M |
|
|
PSTB
1738
DELISTED
Park Sterling Corp.
PSTB
| $2.58M | 0.01% |
238,686
+115,001
| +93% | +$1.07M |
|
|
NGHC
1739
DELISTED
National General Holdings Corp
NGHC
| $2.57M | 0.01% |
103,002
-161,163
| -61% | -$3.66M |
|
|
CLDT
1740
Chatham Lodging
CLDT
$638M
| $2.57M | 0.01% |
125,043
+53,103
| +74% | +$1.02M |
|
1741
Cytokinetics
CYTK
$10.8B
| $2.57M | 0.01% |
211,486
-100,714
| -32% | -$1.07M |
|
1742
UBS Group
UBS
$171B
| $2.57M | 0.01% |
+163,963
| New | +$2.47M |
|
1743
Tenet Healthcare
THC
$22.6B
| $2.56M | 0.01% |
172,268
-356,638
| -67% | -$6.4M |
|
1744
Grupo Aeroportuario del Pacifico
PAC
$12.9B
| $2.56M | 0.01% |
+30,966
| New | +$2.79M |
|
1745
Asbury Automotive
ABG
$4.49B
| $2.55M | 0.01% |
41,329
-44,386
| -52% | -$2.53M |
|
|
DBVT
1746
DBV Technologies
DBVT
$799M
| $2.54M | 0.01% |
7,245
+5,885
| +433% | +$2.11M |
|
1747
Sasol
SSL
$7.03B
| $2.54M | 0.01% |
88,685
+59,689
| +206% | +$1.64M |
|
|
ITG
1748
DELISTED
Investment Technology Group Inc
ITG
| $2.52M | 0.01% |
127,698
-180,640
| -59% | -$3.27M |
|
|
NS
1749
DELISTED
NuStar Energy L.P.
NS
| $2.52M | 0.01% |
50,539
-5,413
| -10% | -$258K |
|
|
AKAO
1750
CALL
DELISTED
Achaogen Inc
AKAO
| $2.52M | 0.01% |
+193,300
| New | +$1.33M |
|
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.