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 | |
|---|---|---|---|---|---|---|
|
ANW
2026
DELISTED
Aegean Marine Petroleum Network
ANW
| $2.61M | ﹤0.01% |
527,185
+374,783
| +246% | +$1.85M |
|
2027
Princeton Bancorp
BPRN
$287M
| $2.6M | ﹤0.01% |
+81,293
| New | +$2.58M |
|
2028
NextDecade
NEXT
$1.78B
| $2.59M | ﹤0.01% |
+256,691
| New | +$2.51M |
|
|
HTBK
2029
DELISTED
Heritage Commerce
HTBK
| $2.59M | ﹤0.01% |
181,837
-16,819
| -8% | -$230K |
|
|
PGEM
2030
DELISTED
Ply Gem Holdings, Inc.
PGEM
| $2.58M | ﹤0.01% |
151,493
-64,009
| -30% | -$1.05M |
|
|
MOBL
2031
DELISTED
MobileIron, Inc.
MOBL
| $2.58M | ﹤0.01% |
697,850
-172,141
| -20% | -$772K |
|
|
HTB
2032
HomeTrust Bancshares
HTB
$848M
| $2.58M | ﹤0.01% |
100,542
+54,178
| +117% | +$1.29M |
|
|
VRTV
2033
DELISTED
VERITIV CORPORATION
VRTV
| $2.56M | ﹤0.01% |
+78,901
| New | +$2.64M |
|
|
PVLA
2034
Palvella Therapeutics
PVLA
$2.27B
| $2.55M | ﹤0.01% |
5,539
+2,585
| +88% | +$1.1M |
|
2035
Celestica
CLS
$36.5B
| $2.55M | ﹤0.01% |
205,911
-221,293
| -52% | -$2.72M |
|
|
TBI
2036
Trueblue
TBI
$311M
| $2.54M | ﹤0.01% |
113,137
+39,577
| +54% | +$895K |
|
|
AIMT
2037
CALL
DELISTED
Aimmune Therapeutics
AIMT
| $2.54M | ﹤0.01% |
+102,300
| New | +$2.21M |
|
2038
SiriusPoint
SPNT
$2.68B
| $2.54M | ﹤0.01% |
162,472
+86,850
| +115% | +$1.25M |
|
2039
FreightCar America
RAIL
$260M
| $2.53M | ﹤0.01% |
129,385
-65,710
| -34% | -$1.16M |
|
2040
First Citizens BancShares
FCNCA
$25.3B
| $2.53M | ﹤0.01% |
6,760
+1,119
| +20% | +$400K |
|
2041
InterContinental Hotels
IHG
$23.2B
| $2.52M | ﹤0.01% |
+45,273
| New | +$2.52M |
|
2042
CALL
Johnson & Johnson
JNJ
$625B
| $2.52M | ﹤0.01% |
+20,000
| New | +$2.65M |
|
|
LNW
2043
DELISTED
Light & Wonder
LNW
| $2.51M | ﹤0.01% |
54,820
-51,541
| -48% | -$1.8M |
|
|
IVC
2044
DELISTED
Invacare Corporation
IVC
| $2.51M | ﹤0.01% |
159,557
-429,901
| -73% | -$6.14M |
|
2045
Comfort Systems
FIX
$59.6B
| $2.5M | ﹤0.01% |
70,161
-155,118
| -69% | -$5.36M |
|
2046
Hewlett Packard
HPE
$70.5B
| $2.5M | ﹤0.01% |
170,201
-694,263
| -80% | -$9.47M |
|
|
ATSG
2047
DELISTED
Air Transport Services Group
ATSG
| $2.5M | ﹤0.01% |
102,758
-103,920
| -50% | -$2.42M |
|
2048
NewMarket
NEU
$8.18B
| $2.5M | ﹤0.01% |
+5,869
| New | +$2.56M |
|
2049
PUT
United Natural Foods
UNFI
$2.85B
| $2.5M | ﹤0.01% |
+60,000
| New | +$2.23M |
|
|
UBA
2050
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $2.49M | ﹤0.01% |
114,660
-216,280
| -65% | -$4.52M |
|
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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.