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 | |
|---|---|---|---|---|---|---|
|
MENT
1951
DELISTED
Mentor Graphics Corp
MENT
| $1.74M | ﹤0.01% |
47,078
+9,534
| +25% | +$311K |
|
1952
PUT
iShares China Large-Cap ETF
FXI
$4.27B
| $1.74M | ﹤0.01% |
50,000
-350,000
| -88% | -$12.9M |
|
|
NEOS
1953
DELISTED
Neos Therapeutics, Inc
NEOS
| $1.73M | ﹤0.01% |
296,175
-3,825
| -1% | -$25.9K |
|
1954
Vanguard Long-Term Bond ETF
BLV
$5.81B
| $1.73M | ﹤0.01% |
19,374
-16,562
| -46% | -$1.52M |
|
|
ESND
1955
DELISTED
Essendant Inc.
ESND
| $1.73M | ﹤0.01% |
82,632
+51,712
| +167% | +$983K |
|
|
IDTI
1956
DELISTED
Integrated Device Technology I
IDTI
| $1.72M | ﹤0.01% |
+73,154
| New | +$1.69M |
|
1957
Snap-on
SNA
$21.6B
| $1.72M | ﹤0.01% |
10,049
-83,182
| -89% | -$13.5M |
|
1958
Invesco Preferred ETF
PGX
$3.81B
| $1.72M | ﹤0.01% |
120,756
+10,134
| +9% | +$148K |
|
1959
Packaging Corp of America
PKG
$22.7B
| $1.72M | ﹤0.01% |
20,251
-31,619
| -61% | -$2.65M |
|
1960
Center Bancorp
CNOB
$1.67B
| $1.72M | ﹤0.01% |
66,113
+12,103
| +22% | +$262K |
|
1961
Howmet Aerospace
HWM
$115B
| $1.71M | ﹤0.01% |
+120,492
| New | +$1.81M |
|
1962
IDT Corp
IDT
$1.69B
| $1.71M | ﹤0.01% |
108,876
+12,233
| +13% | +$197K |
|
1963
Advanced Energy
AEIS
$10.9B
| $1.71M | ﹤0.01% |
31,168
-59,534
| -66% | -$3.05M |
|
|
JPS
1964
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
| $1.7M | ﹤0.01% |
+183,009
| New | +$1.66M |
|
|
SN
1965
DELISTED
Sanchez Energy Corporation
SN
| $1.7M | ﹤0.01% |
188,394
-185,869
| -50% | -$1.49M |
|
1966
United Bankshares
UBSI
$6.66B
| $1.7M | ﹤0.01% |
36,712
-98,473
| -73% | -$4.18M |
|
|
SPPI
1967
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $1.7M | ﹤0.01% |
382,927
+172,988
| +82% | +$726K |
|
|
GRA
1968
CALL
DELISTED
W.R. Grace & Co.
GRA
| $1.69M | ﹤0.01% |
+25,000
| New | +$1.71M |
|
1969
Hanmi Financial
HAFC
$947M
| $1.69M | ﹤0.01% |
48,428
-85,003
| -64% | -$2.48M |
|
1970
State Street Industrial Select Sector SPDR ETF
XLI
$33.2B
| $1.69M | ﹤0.01% |
27,080
-138,610
| -84% | -$8.35M |
|
1971
CALL
Hain Celestial
HAIN
$46.3M
| $1.68M | ﹤0.01% |
43,000
-30,000
| -41% | -$1.12M |
|
1972
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| $1.68M | ﹤0.01% |
31,960
+14,848
| +87% | +$781K |
|
1973
Hexcel
HXL
$8.25B
| $1.67M | ﹤0.01% |
32,436
-251,843
| -89% | -$12.1M |
|
|
SUM
1974
CALL
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $1.67M | ﹤0.01% |
+72,187
| New | +$1.51M |
|
|
MRUS
1975
DELISTED
Merus
MRUS
| $1.66M | ﹤0.01% |
78,818
-7,882
| -9% | -$135K |
|
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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.