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 | |
|---|---|---|---|---|---|---|
2201
Globalstar
GSAT
$10.8B
| $1.87M | ﹤0.01% |
76,318
+25,584
| +50% | +$740K |
|
2202
Employers Holdings
EIG
$889M
| $1.86M | ﹤0.01% |
+41,043
| New | +$1.75M |
|
2203
CALL
Align Technology
ALGN
$12.3B
| $1.86M | ﹤0.01% |
10,000
| – | – |
|
|
SRDX
2204
DELISTED
Surmodics
SRDX
| $1.86M | ﹤0.01% |
60,046
+38,903
| +184% | +$1.06M |
|
|
SODA
2205
DELISTED
SodaStream International Ltd
SODA
| $1.85M | ﹤0.01% |
27,787
+16,594
| +148% | +$966K |
|
2206
OFS Capital
OFS
$51.9M
| $1.84M | ﹤0.01% |
140,036
-124,986
| -47% | -$1.69M |
|
2207
Zai Lab
ZLAB
$2.62B
| $1.84M | ﹤0.01% |
+68,311
| New | +$1.91M |
|
2208
Cohen & Steers
CNS
$4.3B
| $1.84M | ﹤0.01% |
46,671
+1,808
| +4% | +$71.8K |
|
|
PHH
2209
DELISTED
PHH Corporation
PHH
| $1.84M | ﹤0.01% |
132,276
+53,834
| +69% | +$748K |
|
2210
El Pollo Loco
LOCO
$462M
| $1.84M | ﹤0.01% |
151,533
+110,293
| +267% | +$1.36M |
|
2211
GoPro
GPRO
$126M
| $1.83M | ﹤0.01% |
166,680
-169,507
| -50% | -$1.59M |
|
|
HOLX
2212
PUT
DELISTED
Hologic
HOLX
| $1.83M | ﹤0.01% |
50,000
| – | – |
|
|
LVLT
2213
DELISTED
Level 3 Communications Inc
LVLT
| $1.83M | ﹤0.01% |
34,380
-559,222
| -94% | -$31.2M |
|
2214
Diana Shipping
DSX
$301M
| $1.83M | ﹤0.01% |
721,188
+584,468
| +427% | +$1.63M |
|
2215
MYR Group
MYRG
$5.25B
| $1.83M | ﹤0.01% |
62,797
+5,607
| +10% | +$155K |
|
2216
Silgan Holdings
SLGN
$4.41B
| $1.83M | ﹤0.01% |
+62,141
| New | +$1.89M |
|
2217
Clearwater Paper
CLW
$376M
| $1.82M | ﹤0.01% |
37,040
-68,084
| -65% | -$3.19M |
|
|
SECO
2218
DELISTED
Secoo Holding Limited ADR
SECO
| $1.82M | ﹤0.01% |
+20,491
| New | +$1.98M |
|
|
ACHN
2219
DELISTED
Achillion Pharmaceuticals
ACHN
| $1.82M | ﹤0.01% |
406,200
-2,609,991
| -87% | -$11.6M |
|
2220
ORIX
IX
$43.5B
| $1.82M | ﹤0.01% |
+112,595
| New | +$1.81M |
|
|
DSKE
2221
DELISTED
Daseke, Inc. Common Stock
DSKE
| $1.82M | ﹤0.01% |
139,302
+87,938
| +171% | +$1.1M |
|
|
EXAS
2222
DELISTED
Exact Sciences
EXAS
| $1.81M | ﹤0.01% |
38,425
+8,643
| +29% | +$348K |
|
2223
FirstService
FSV
$6.32B
| $1.81M | ﹤0.01% |
27,478
+17,352
| +171% | +$1.13M |
|
|
USAK
2224
DELISTED
USA Truck Inc
USAK
| $1.8M | ﹤0.01% |
128,213
+1,628
| +1% | +$16.5K |
|
2225
Midland States Bancorp
MSBI
$695M
| $1.79M | ﹤0.01% |
56,495
+20,231
| +56% | +$639K |
|
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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.