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 | |
|---|---|---|---|---|---|---|
2351
Hallador Energy
HNRG
$717M
| $822K | ﹤0.01% |
90,378
+49,429
| +121% | +$434K |
|
2352
Fidelity National Financial
FNF
$14B
| $821K | ﹤0.01% |
34,803
-173,937
| -83% | -$4.17M |
|
2353
Liberty Media Series C
FWONK
$24.6B
| $821K | ﹤0.01% |
+27,110
| New | +$777K |
|
|
JOY
2354
DELISTED
Joy Global Inc
JOY
| $821K | ﹤0.01% |
+29,306
| New | +$819K |
|
2355
The RMR Group
RMR
$348M
| $820K | ﹤0.01% |
20,761
+7,460
| +56% | +$289K |
|
|
AMWD
2356
DELISTED
American Woodmark
AMWD
| $819K | ﹤0.01% |
10,880
-32,800
| -75% | -$2.53M |
|
|
STI
2357
DELISTED
SunTrust Banks, Inc.
STI
| $817K | ﹤0.01% |
+14,889
| New | +$744K |
|
2358
Summit Therapeutics
SMMT
$10.5B
| $815K | ﹤0.01% |
+95,172
| New | +$1.02M |
|
|
TWTR
2359
PUT
DELISTED
Twitter, Inc.
TWTR
| $815K | ﹤0.01% |
50,000
-445,000
| -90% | -$8.16M |
|
2360
Aptevo Therapeutics
APVO
$5.25M
| – | – |
0
| – | – |
|
2361
Primoris Services
PRIM
$4.64B
| $813K | ﹤0.01% |
+35,671
| New | +$784K |
|
|
BKCC
2362
DELISTED
BlackRock Capital Investment Corporation
BKCC
| $812K | ﹤0.01% |
116,700
+27,300
| +31% | +$205K |
|
2363
Franklin Covey
FC
$245M
| $811K | ﹤0.01% |
+40,228
| New | +$785K |
|
|
ADPT
2364
DELISTED
Adeptus Health Inc
ADPT
| $811K | ﹤0.01% |
106,102
+22,675
| +27% | +$417K |
|
|
ABTX
2365
DELISTED
Allegiance Bancshares
ABTX
| $809K | ﹤0.01% |
+22,375
| New | +$675K |
|
2366
Prothena Corp
PRTA
$455M
| $805K | ﹤0.01% |
+16,375
| New | +$904K |
|
|
WLB
2367
DELISTED
Westmoreland Coal Company
WLB
| $802K | ﹤0.01% |
45,377
-146,393
| -76% | -$2.04M |
|
|
HIL
2368
DELISTED
Hill International, Inc. Common Stock
HIL
| $800K | ﹤0.01% |
184,008
+162,168
| +743% | +$645K |
|
|
SHLD
2369
DELISTED
Sears Holding Corporation
SHLD
| $800K | ﹤0.01% |
86,160
-72,174
| -46% | -$823K |
|
2370
PUT
Five Below
FIVE
$11.5B
| $799K | ﹤0.01% |
+20,000
| New | +$787K |
|
2371
Intrepid Potash
IPI
$461M
| $797K | ﹤0.01% |
38,333
+5,593
| +17% | +$82.8K |
|
|
BCPC
2372
Balchem Corp
BCPC
$5.29B
| $796K | ﹤0.01% |
+9,487
| New | +$748K |
|
2373
iShares Russell 3000 ETF
IWV
$19.5B
| $795K | ﹤0.01% |
5,975
-1,012
| -14% | -$131K |
|
|
SPTN
2374
DELISTED
SpartanNash
SPTN
| $795K | ﹤0.01% |
20,115
-66,904
| -77% | -$2.24M |
|
2375
Titan Machinery
TITN
$469M
| $794K | ﹤0.01% |
+54,500
| New | +$650K |
|
Similar funds
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.