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 |
Merck
MRK
|
+$216M |
| 2 |
Apple
AAPL
|
+$215M |
| 3 |
KeyCorp
KEY
|
+$212M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$210M |
| 5 |
Synchrony
SYF
|
+$204M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$1.82B |
| 2 |
Comcast
CMCSA
|
+$427M |
| 3 |
Amazon
AMZN
|
+$418M |
| 4 |
SLB Ltd
SLB
|
+$312M |
| 5 |
Ameren
AEE
|
+$257M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.03% |
| 2 | Energy | 10.22% |
| 3 | Consumer Discretionary | 9.15% |
| 4 | Financials | 9.09% |
| 5 | Industrials | 8.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2526
BlackRock TCP Capital
TCPC
$274M
| $627K | ﹤0.01% |
45,002
-1,930
| -4% | -$28.3K |
|
|
BHBK
2527
DELISTED
Blue Hills Bancorp, Inc.
BHBK
| $627K | ﹤0.01% |
40,939
+10,318
| +34% | +$154K |
|
|
MPT
2528
Medical Properties Trust
MPT
$2.89B
| $626K | ﹤0.01% |
+54,368
| New | +$621K |
|
|
VRTV
2529
DELISTED
VERITIV CORPORATION
VRTV
| $623K | ﹤0.01% |
17,199
-76,506
| -82% | -$3.03M |
|
|
CDI
2530
DELISTED
CDI Corp.
CDI
| $623K | ﹤0.01% |
92,187
+66,224
| +255% | +$499K |
|
2531
Thermo Fisher Scientific
TMO
$214B
| $622K | ﹤0.01% |
4,383
-3,517
| -45% | -$469K |
|
|
MHGC
2532
DELISTED
Morgans Hotel Group Co.
MHGC
| $622K | ﹤0.01% |
184,700
+179,620
| +3,536% | +$611K |
|
|
FPI
2533
Farmland Partners
FPI
$417M
| $621K | ﹤0.01% |
56,630
-7,321
| -11% | -$78.9K |
|
|
STKL
2534
DELISTED
SunOpta
STKL
| $621K | ﹤0.01% |
90,823
-81,951
| -47% | -$508K |
|
|
PCO
2535
DELISTED
Pendrell Corporation - Class A
PCO
| $621K | ﹤0.01% |
1,240
-344
| -22% | -$216K |
|
|
DRD
2536
DRDGold
DRD
$1.79B
| $620K | ﹤0.01% |
387,597
-74,363
| -16% | -$117K |
|
|
STR
2537
DELISTED
QUESTAR CORP
STR
| $619K | ﹤0.01% |
31,756
-185,357
| -85% | -$3.63M |
|
|
AXLL
2538
CALL
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $616K | ﹤0.01% |
+40,000
| New | +$737K |
|
2539
Ubiquiti
UI
$32.4B
| $613K | ﹤0.01% |
+19,352
| New | +$640K |
|
2540
Vanguard Health Care ETF
VHT
$18.6B
| $609K | ﹤0.01% |
4,582
-2,261
| -33% | -$295K |
|
|
PZE
2541
DELISTED
Petrobras Argentina S A
PZE
| $609K | ﹤0.01% |
109,954
+39,865
| +57% | +$226K |
|
|
CPRX
2542
DELISTED
Catalyst Pharmaceutical
CPRX
| $607K | ﹤0.01% |
247,829
+234,127
| +1,709% | +$671K |
|
2543
Rollins
ROL
$18.8B
| $606K | ﹤0.01% |
52,628
-121,077
| -70% | -$1.44M |
|
2544
Mizuho Financial
MFG
$123B
| $604K | ﹤0.01% |
149,600
-11,400
| -7% | -$46.2K |
|
|
XNET
2545
Xunlei
XNET
$334M
| $604K | ﹤0.01% |
79,931
+54,893
| +219% | +$405K |
|
|
DNY
2546
DELISTED
DONNELLEY R R & SONS CO
DNY
| $604K | ﹤0.01% |
41,013
-191
| -0.5% | -$2.81K |
|
2547
Kelly Services Class A
KELYA
$560M
| $602K | ﹤0.01% |
37,280
+15,138
| +68% | +$242K |
|
|
GCAP
2548
DELISTED
Gain Capital Holdings, Inc.
GCAP
| $602K | ﹤0.01% |
74,216
-32,684
| -31% | -$253K |
|
2549
Embotelladora Andina Series B
AKO.B
$4.69B
| $600K | ﹤0.01% |
34,455
+13,181
| +62% | +$265K |
|
2550
POSCO
PKX
$15.5B
| $600K | ﹤0.01% |
+16,981
| New | +$640K |
|
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Millennium Management's Q4 2015 Portfolio in Review
As of Q4 2015, Millennium Management held 4,144 positions worth $47.6B, down 7.9% from $51.6B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Millennium Management withdrew a net $5.89B in Q4 2015, closing 779 positions and reducing 1,349 holdings. Its most notable exit was Illumina, an estimated $86.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 12% of assets, up from 11% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, Millennium Management opened a new position in Alphabet (Google) Class A worth $221M.
- Millennium Management's largest Q4 2015 buy was Alphabet (Google) Class A: 5,673,120 shares worth $221M.
- Millennium Management added most to Merck in Q4 2015, an estimated $216M increase.
- Millennium Management's biggest Q4 2015 reduction was DuPont de Nemours, cutting an estimated $1.82B.
- Millennium Management fully exited Illumina in Q4 2015, selling an estimated $86.9M.
- Millennium Management's ten largest holdings make up 10% of its $47.6B portfolio in Q4 2015.
- Millennium Management opened 733 new positions and closed 779 in Q4 2015.
- Millennium Management's portfolio value fell 7.9% quarter-over-quarter to $47.6B.
Based on Millennium Management's 13F filing for Q4 2015, filed 16 Feb 2016.