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 |
Salesforce
CRM
|
+$208M |
| 2 |
Lowe's Companies
LOW
|
+$198M |
| 3 |
American Tower
AMT
|
+$161M |
| 4 |
Lennar Class A
LEN
|
+$150M |
| 5 |
British American Tobacco
BTI
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$208M |
| 2 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$177M |
| 3 |
Crown Castle
CCI
|
+$168M |
| 4 |
Walmart Inc
WMT
|
+$167M |
| 5 |
Entergy
ETR
|
+$157M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 13.27% |
| 2 | Technology | 12.59% |
| 3 | Healthcare | 10.49% |
| 4 | Industrials | 10.32% |
| 5 | Consumer Discretionary | 9.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2001
Primerica
PRI
$9.89B
| $2.76M | ﹤0.01% |
33,873
-37,408
| -52% | -$2.92M |
|
|
SPNS
2002
DELISTED
Sapiens International
SPNS
| $2.76M | ﹤0.01% |
209,079
-59,060
| -22% | -$691K |
|
|
RSO
2003
DELISTED
Resource Capital Corp.
RSO
| $2.76M | ﹤0.01% |
+256,041
| New | +$2.64M |
|
2004
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.6B
| $2.74M | ﹤0.01% |
93,791
-26,900
| -22% | -$767K |
|
2005
iShares Russell Mid-Cap ETF
IWR
$57.4B
| $2.74M | ﹤0.01% |
55,548
+28,560
| +106% | +$1.38M |
|
2006
Gerdau
GGB
$9.7B
| $2.74M | ﹤0.01% |
1,005,380
-4,493,441
| -82% | -$12.6M |
|
|
DRRX
2007
DELISTED
DURECT Corp
DRRX
| $2.73M | ﹤0.01% |
154,163
-3,903
| -2% | -$65.4K |
|
2008
IBM
IBM
$224B
| $2.72M | ﹤0.01% |
19,637
-36,468
| -65% | -$5.08M |
|
|
VRE
2009
DELISTED
Veris Residential
VRE
| $2.72M | ﹤0.01% |
114,578
-90,018
| -44% | -$2.22M |
|
2010
RLJ Lodging Trust
RLJ
$1.69B
| $2.71M | ﹤0.01% |
123,381
-491,469
| -80% | -$10.1M |
|
|
SNR
2011
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $2.71M | ﹤0.01% |
296,092
+140,183
| +90% | +$1.35M |
|
2012
Banco Bilbao Vizcaya Argentaria
BBVA
$156B
| $2.69M | ﹤0.01% |
301,653
+224,158
| +289% | +$1.98M |
|
2013
CRA International
CRAI
$1.06B
| $2.68M | ﹤0.01% |
65,228
+50,658
| +348% | +$1.88M |
|
2014
Senseonics Holdings Inc
SENS
$366M
| $2.67M | ﹤0.01% |
41,928
+9,228
| +28% | +$481K |
|
|
MSL
2015
DELISTED
Midsouth Bancorp, Inc.
MSL
| $2.67M | ﹤0.01% |
221,851
+34,415
| +18% | +$402K |
|
2016
Fossil Group
FOSL
$318M
| $2.67M | ﹤0.01% |
286,300
-1,158,320
| -80% | -$10.9M |
|
|
FG
2017
DELISTED
FGL Holdings Ordinary Shares
FG
| $2.66M | ﹤0.01% |
237,526
-600,610
| -72% | -$6.61M |
|
|
DNKN
2018
CALL
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $2.65M | ﹤0.01% |
+50,000
| New | +$2.65M |
|
|
NAVG
2019
DELISTED
Navigators Group Inc
NAVG
| $2.65M | ﹤0.01% |
45,464
+24,234
| +114% | +$1.35M |
|
|
NETI
2020
DELISTED
Eneti Inc.
NETI
| $2.65M | ﹤0.01% |
40,400
+9,822
| +32% | +$681K |
|
|
VR
2021
DELISTED
Validus Hold Ltd
VR
| $2.64M | ﹤0.01% |
53,570
-171,620
| -76% | -$8.71M |
|
|
ESND
2022
DELISTED
Essendant Inc.
ESND
| $2.63M | ﹤0.01% |
200,097
+128,526
| +180% | +$1.63M |
|
|
HIFR
2023
DELISTED
InfraREIT, Inc.
HIFR
| $2.63M | ﹤0.01% |
117,389
-226,975
| -66% | -$4.87M |
|
|
CIO
2024
DELISTED
City Office REIT
CIO
| $2.62M | ﹤0.01% |
190,445
+90,025
| +90% | +$1.15M |
|
|
WW
2025
PUT
DELISTED
WW International
WW
| $2.61M | ﹤0.01% |
+60,000
| New | +$2.49M |
|
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Millennium Management's Q3 2017 Portfolio in Review
As of Q3 2017, Millennium Management held 4,198 positions worth $65.6B, up 17% from $56.1B the previous quarter. Its ten largest holdings account for 7.8% of the portfolio.
Millennium Management deployed $6.37B of net new capital in Q3 2017, opening 794 new positions and adding to 1,441 existing holdings. Its largest new stake was Northern Trust: 1,591,041 shares worth $146M.
By sector, the portfolio is most concentrated in Financials at 13% of assets, up from 12% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Gilead Sciences, an estimated $208M trimmed.
- Millennium Management's largest Q3 2017 buy was Northern Trust: 1,591,041 shares worth $146M.
- Millennium Management added most to Salesforce in Q3 2017, an estimated $208M increase.
- Millennium Management's biggest Q3 2017 reduction was Gilead Sciences, cutting an estimated $208M.
- Millennium Management fully exited CONCHO RESOURCES INC. in Q3 2017, selling an estimated $177M.
- Millennium Management's ten largest holdings make up 7.8% of its $65.6B portfolio in Q3 2017.
- Millennium Management opened 794 new positions and closed 737 in Q3 2017.
- Millennium Management's portfolio value rose 17% quarter-over-quarter to $65.6B.
Based on Millennium Management's 13F filing for Q3 2017, filed 14 Nov 2017.