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 | |
|---|---|---|---|---|---|---|
|
FTR
2301
DELISTED
Frontier Communications Corp.
FTR
| $906K | ﹤0.01% |
17,864
-9,811
| -35% | -$538K |
|
|
ARAV
2302
DELISTED
Aravive, Inc. Common Stock
ARAV
| $905K | ﹤0.01% |
10,123
+2,421
| +31% | +$183K |
|
|
POT
2303
PUT
DELISTED
Potash Corp Of Saskatchewan
POT
| $905K | ﹤0.01% |
+50,000
| New | +$866K |
|
|
VNET
2304
VNET Group
VNET
$2.04B
| $902K | ﹤0.01% |
128,631
-12,872
| -9% | -$96.2K |
|
2305
Red Rock Resorts
RRR
$3.8B
| $899K | ﹤0.01% |
38,786
-42,597
| -52% | -$969K |
|
|
BKS
2306
DELISTED
Barnes & Noble
BKS
| $899K | ﹤0.01% |
80,649
-371,037
| -82% | -$4.26M |
|
2307
Rush Enterprises Class B
RUSHB
$5.94B
| $897K | ﹤0.01% |
+65,365
| New | +$774K |
|
2308
Nomad Foods
NOMD
$1.67B
| $891K | ﹤0.01% |
93,068
-113,184
| -55% | -$1.24M |
|
|
MBTF
2309
DELISTED
MBT Financial Corporation
MBTF
| $891K | ﹤0.01% |
78,463
+55,633
| +244% | +$542K |
|
2310
Argan
AGX
$7.61B
| $888K | ﹤0.01% |
39,975
+27,574
| +222% | +$1.72M |
|
|
OMN
2311
DELISTED
OMNOVA Solutions Inc.
OMN
| $886K | ﹤0.01% |
88,649
-51,412
| -37% | -$454K |
|
|
HOLI
2312
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $883K | ﹤0.01% |
48,217
+29,985
| +164% | +$594K |
|
2313
Limoneira
LMNR
$242M
| $882K | ﹤0.01% |
+40,993
| New | +$794K |
|
|
GLOP
2314
DELISTED
GASLOG PARTNERS LP
GLOP
| $881K | ﹤0.01% |
42,873
+24,838
| +138% | +$511K |
|
|
ERN
2315
DELISTED
Erin Energy Corp
ERN
| $881K | ﹤0.01% |
+288,861
| New | +$674K |
|
|
AM
2316
DELISTED
ANTERO MIDSTREAM PARTNERS LP
AM
| $880K | ﹤0.01% |
+28,500
| New | +$819K |
|
|
IMDZ
2317
DELISTED
Immune Design Corp.
IMDZ
| $877K | ﹤0.01% |
159,490
+136,451
| +592% | +$964K |
|
2318
Valvoline
VVV
$5.05B
| $876K | ﹤0.01% |
40,730
-1,164,086
| -97% | -$24.7M |
|
2319
Tactile Systems Technology
TCMD
$626M
| $875K | ﹤0.01% |
53,310
+38,010
| +248% | +$659K |
|
|
PETX
2320
DELISTED
Aratana Therapeutics, Inc.
PETX
| $874K | ﹤0.01% |
121,761
-147,823
| -55% | -$1.2M |
|
|
BT
2321
DELISTED
BT Group plc (ADR)
BT
| $873K | ﹤0.01% |
+37,911
| New | +$876K |
|
|
ONDK
2322
DELISTED
On Deck Capital, Inc.
ONDK
| $872K | ﹤0.01% |
188,268
+171,468
| +1,021% | +$801K |
|
|
NGD
2323
DELISTED
New Gold Inc
NGD
| $871K | ﹤0.01% |
248,837
+47,666
| +24% | +$181K |
|
2324
CALL
O-I Glass
OI
$1.41B
| $871K | ﹤0.01% |
50,000
-250,000
| -83% | -$4.54M |
|
|
GNCMA
2325
DELISTED
GCI Liberty, Inc. Class A-1 Common Stock
GNCMA
| $870K | ﹤0.01% |
+44,722
| New | +$739K |
|
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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.