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 | |
|---|---|---|---|---|---|---|
|
AVH
1976
DELISTED
AVIANCA HOLDINGS S.A.
AVH
| $1.66M | ﹤0.01% |
172,382
+153,582
| +817% | +$1.15M |
|
1977
Eaton
ETN
$149B
| $1.66M | ﹤0.01% |
24,754
-532,234
| -96% | -$34.9M |
|
1978
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.42B
| $1.66M | ﹤0.01% |
10,000
+2,500
| +33% | +$392K |
|
1979
AMERISAFE
AMSF
$573M
| $1.66M | ﹤0.01% |
26,538
+7,947
| +43% | +$482K |
|
|
UBA
1980
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $1.65M | ﹤0.01% |
68,285
-24,730
| -27% | -$551K |
|
1981
International Paper
IP
$23.4B
| $1.65M | ﹤0.01% |
32,733
-1,023,805
| -97% | -$47.3M |
|
1982
Compañía de Cervecerías Unidas
CCU
$2.14B
| $1.64M | ﹤0.01% |
78,382
+50,176
| +178% | +$1.03M |
|
|
TPC
1983
Tutor Perini Cor
TPC
$4.33B
| $1.64M | ﹤0.01% |
58,701
-314,933
| -84% | -$7.63M |
|
|
RT
1984
DELISTED
Ruby Tuesday Georgia
RT
| $1.64M | ﹤0.01% |
508,852
-45,823
| -8% | -$140K |
|
|
GBNK
1985
DELISTED
Guaranty Bancorp
GBNK
| $1.64M | ﹤0.01% |
67,908
+51,245
| +308% | +$1.04M |
|
|
WES
1986
DELISTED
Western Gas Partners Lp
WES
| $1.64M | ﹤0.01% |
27,940
-26,171
| -48% | -$1.47M |
|
1987
CALL
MaxLinear
MXL
$5.39B
| $1.64M | ﹤0.01% |
+75,000
| New | +$1.55M |
|
1988
Toronto Dominion Bank
TD
$199B
| $1.63M | ﹤0.01% |
33,127
-489,998
| -94% | -$22.9M |
|
|
TA
1989
DELISTED
TravelCenters of America LLC
TA
| $1.63M | ﹤0.01% |
45,808
+18,243
| +66% | +$617K |
|
1990
HEICO Corp
HEI
$50.4B
| $1.62M | ﹤0.01% |
51,401
+461
| +0.9% | +$13.8K |
|
|
BID
1991
DELISTED
Sotheby's
BID
| $1.62M | ﹤0.01% |
40,745
-52,303
| -56% | -$1.98M |
|
|
BMS
1992
DELISTED
Bemis
BMS
| $1.62M | ﹤0.01% |
+33,968
| New | +$1.68M |
|
1993
ONE Gas
OGS
$5.12B
| $1.62M | ﹤0.01% |
25,340
-65,566
| -72% | -$3.98M |
|
1994
Genuine Parts
GPC
$17.9B
| $1.61M | ﹤0.01% |
+16,890
| New | +$1.61M |
|
|
CHSP
1995
DELISTED
Chesapeake Lodging Trust
CHSP
| $1.61M | ﹤0.01% |
62,355
+49,871
| +399% | +$1.18M |
|
1996
PC Connection
CNXN
$2.1B
| $1.61M | ﹤0.01% |
57,291
-10,867
| -16% | -$288K |
|
|
CHA
1997
DELISTED
China Telecom Corporation, LTD
CHA
| $1.61M | ﹤0.01% |
34,887
+509
| +1% | +$25.2K |
|
1998
MKS Inc
MKSI
$19.1B
| $1.61M | ﹤0.01% |
+27,050
| New | +$1.46M |
|
1999
iShares S&P 100 ETF
OEF
$19.9B
| $1.61M | ﹤0.01% |
16,186
-27,759
| -63% | -$2.69M |
|
|
ECOM
2000
DELISTED
CHANNELADVISOR CORPORATION
ECOM
| $1.61M | ﹤0.01% |
112,012
-55,815
| -33% | -$743K |
|
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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.