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 | |
|---|---|---|---|---|---|---|
2151
BioCryst Pharmaceuticals
BCRX
$2.43B
| $1.18M | ﹤0.01% |
186,994
+125,838
| +206% | +$655K |
|
2152
Donegal Group Class A
DGICA
$701M
| $1.18M | ﹤0.01% |
67,313
+30,644
| +84% | +$496K |
|
|
ISEE
2153
PUT
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $1.18M | ﹤0.01% |
+243,600
| New | +$7.23M |
|
|
RELY
2154
DELISTED
Real Industry, Inc.
RELY
| $1.17M | ﹤0.01% |
192,270
+159,299
| +483% | +$924K |
|
2155
United Natural Foods
UNFI
$2.97B
| $1.17M | ﹤0.01% |
24,463
+9,966
| +69% | +$447K |
|
2156
Palo Alto Networks
PANW
$259B
| $1.16M | ﹤0.01% |
55,770
-2,467,968
| -98% | -$59.1M |
|
2157
Telkom Indonesia
TLK
$14.3B
| $1.16M | ﹤0.01% |
+39,805
| New | +$1.2M |
|
|
ENH
2158
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $1.16M | ﹤0.01% |
12,539
-728,278
| -98% | -$66.7M |
|
|
OSG
2159
Octave Specialty Group
OSG
$258M
| $1.16M | ﹤0.01% |
51,400
-183,375
| -78% | -$4.01M |
|
2160
Dycom Industries
DY
$12.7B
| $1.16M | ﹤0.01% |
14,407
-500,819
| -97% | -$40.5M |
|
|
IXYS
2161
DELISTED
IXYS Corp
IXYS
| $1.16M | ﹤0.01% |
97,258
+41,597
| +75% | +$473K |
|
2162
Larimar Therapeutics
LRMR
$398M
| $1.16M | ﹤0.01% |
30,281
+22,098
| +270% | +$896K |
|
|
OLP
2163
One Liberty Properties
OLP
$551M
| $1.16M | ﹤0.01% |
45,986
-16,370
| -26% | -$395K |
|
|
RAS
2164
DELISTED
RAIT Financial Trust
RAS
| $1.15M | ﹤0.01% |
343,505
+34,034
| +11% | +$105K |
|
|
DMC
2165
Del Monte Corp
DMC
$1.36B
| $1.15M | ﹤0.01% |
18,970
+5,281
| +39% | +$325K |
|
2166
ACI Worldwide
ACIW
$5.88B
| $1.15M | ﹤0.01% |
63,285
-126,636
| -67% | -$2.37M |
|
2167
Immersion
IMMR
$256M
| $1.15M | ﹤0.01% |
+107,978
| New | +$1.02M |
|
|
BBOX
2168
DELISTED
Black Box Corp
BBOX
| $1.15M | ﹤0.01% |
75,226
+30,580
| +68% | +$438K |
|
|
ENT
2169
DELISTED
Global Eagle Entertainment Inc.
ENT
| $1.14M | ﹤0.01% |
7,084
-2,041
| -22% | -$384K |
|
|
GRUB
2170
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $1.14M | ﹤0.01% |
15,162
-205,267
| -93% | -$15.8M |
|
|
LFC
2171
DELISTED
China Life Insurance Company Ltd.
LFC
| $1.14M | ﹤0.01% |
+88,161
| New | +$1.17M |
|
|
PRMW
2172
CALL
DELISTED
Primo Water Corporation
PRMW
| $1.13M | ﹤0.01% |
100,000
| – | – |
|
2173
Winnebago Industries
WGO
$879M
| $1.13M | ﹤0.01% |
35,727
-89,030
| -71% | -$2.77M |
|
|
VRNT
2174
DELISTED
Verint Systems
VRNT
| $1.13M | ﹤0.01% |
62,906
+32,222
| +105% | +$599K |
|
|
NOAH
2175
Noah Holdings
NOAH
$595M
| $1.13M | ﹤0.01% |
+51,477
| New | +$1.24M |
|
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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.