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 | |
|---|---|---|---|---|---|---|
1776
Hain Celestial
HAIN
$44.8M
| $2.38M | 0.01% |
+61,103
| New | +$2.29M |
|
1777
White Mountains Insurance
WTM
$5.46B
| $2.38M | 0.01% |
+2,843
| New | +$2.38M |
|
1778
RLI Corp
RLI
$5.97B
| $2.36M | ﹤0.01% |
+74,826
| New | +$2.32M |
|
1779
Yum China
YUMC
$15.6B
| $2.36M | ﹤0.01% |
+90,414
| New | +$2.46M |
|
|
FNGN
1780
DELISTED
Financial Engines, Inc.
FNGN
| $2.35M | ﹤0.01% |
63,962
-198,219
| -76% | -$6.38M |
|
1781
PUT
United States Oil Fund
USO
$2B
| $2.34M | ﹤0.01% |
+25,000
| New | +$2.21M |
|
1782
Arbor Realty Trust
ABR
$979M
| $2.34M | ﹤0.01% |
313,326
+165,619
| +112% | +$1.22M |
|
|
BCOV
1783
DELISTED
Brightcove, Inc.
BCOV
| $2.33M | ﹤0.01% |
289,690
+77,099
| +36% | +$753K |
|
1784
CALL
PTC
PTC
$14.7B
| $2.31M | ﹤0.01% |
50,000
-50,000
| -50% | -$2.34M |
|
|
DST
1785
DELISTED
DST Systems Inc.
DST
| $2.31M | ﹤0.01% |
43,076
-29,756
| -41% | -$1.57M |
|
|
QUOT
1786
DELISTED
Quotient Technology Inc
QUOT
| $2.3M | ﹤0.01% |
214,363
-349,459
| -62% | -$4.07M |
|
|
FLIR
1787
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $2.3M | ﹤0.01% |
63,484
+34,398
| +118% | +$1.16M |
|
|
USG
1788
DELISTED
Usg
USG
| $2.29M | ﹤0.01% |
79,451
-411,868
| -84% | -$11.3M |
|
1789
State Street SPDR S&P Homebuilders ETF
XHB
$1.69B
| $2.28M | ﹤0.01% |
67,410
+22,774
| +51% | +$763K |
|
1790
Barrett Business Services
BBSI
$1.01B
| $2.28M | ﹤0.01% |
+142,348
| New | +$1.92M |
|
1791
Capri Holdings
CPRI
$1.88B
| $2.28M | ﹤0.01% |
53,045
+6,250
| +13% | +$297K |
|
1792
Zebra Technologies
ZBRA
$13.5B
| $2.28M | ﹤0.01% |
26,554
-64,255
| -71% | -$4.76M |
|
1793
Trinity Industries
TRN
$3.03B
| $2.28M | ﹤0.01% |
113,897
-925,465
| -89% | -$17M |
|
|
SREV
1794
DELISTED
ServiceSource International, Inc.
SREV
| $2.28M | ﹤0.01% |
400,784
+60,853
| +18% | +$324K |
|
1795
HNI Corp
HNI
$3.17B
| $2.27M | ﹤0.01% |
+40,656
| New | +$1.93M |
|
|
OKS
1796
DELISTED
Oneok Partners LP
OKS
| $2.27M | ﹤0.01% |
52,800
+28,503
| +117% | +$1.18M |
|
|
SCAI
1797
DELISTED
Surgical Care Affiliates, Inc.
SCAI
| $2.27M | ﹤0.01% |
49,077
-448,679
| -90% | -$20M |
|
1798
Assured Guaranty
AGO
$3.79B
| $2.27M | ﹤0.01% |
59,977
+49,300
| +462% | +$1.66M |
|
1799
Morningstar
MORN
$7.38B
| $2.26M | ﹤0.01% |
30,735
-31,061
| -50% | -$2.28M |
|
1800
Itaú Unibanco
ITUB
$91.6B
| $2.26M | ﹤0.01% |
452,848
-2,760,651
| -86% | -$14.1M |
|
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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.