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 |
DuPont de Nemours
DD
|
+$1.55B |
| 2 |
Comcast
CMCSA
|
+$449M |
| 3 |
SLB Ltd
SLB
|
+$298M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$281M |
| 5 |
Qualcomm
QCOM
|
+$228M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$229M |
| 2 |
Sempra
SRE
|
+$192M |
| 3 |
Bausch Health
BHC
|
+$183M |
| 4 |
BNY
Bank of New York Mellon
BNY
|
+$175M |
| 5 |
PepsiCo
PEP
|
+$173M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 11.35% |
| 2 | Energy | 10.93% |
| 3 | Consumer Discretionary | 8.63% |
| 4 | Financials | 8.18% |
| 5 | Technology | 7.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2701
Vicor
VICR
$8.76B
| $445K | ﹤0.01% |
43,656
+14,040
| +47% | +$146K |
|
|
SD
2702
DELISTED
SANDRIDGE ENERGY, INC.
SD
| $445K | ﹤0.01% |
1,647,262
-46,835
| -3% | -$24.5K |
|
2703
Gladstone Investment Corp
GAIN
$655M
| $444K | ﹤0.01% |
63,000
-41,471
| -40% | -$319K |
|
|
CAFD
2704
DELISTED
8point3 Energy Partners LP
CAFD
| $443K | ﹤0.01% |
+41,727
| New | +$635K |
|
|
TVIX
2705
DELISTED
VelocityShares Daily 2x VIX Short Term ETN
TVIX
| $443K | ﹤0.01% |
+1
| New | +$234K |
|
2706
Embotelladora Andina Series B
AKO.B
$4.69B
| $441K | ﹤0.01% |
+21,274
| New | +$408K |
|
2707
CorVel
CRVL
$3.14B
| $441K | ﹤0.01% |
40,932
-49,200
| -55% | -$529K |
|
|
HTBK
2708
DELISTED
Heritage Commerce
HTBK
| $441K | ﹤0.01% |
+38,870
| New | +$418K |
|
2709
Federal Agricultural Mortgage
AGM
$2.31B
| $440K | ﹤0.01% |
16,983
+2,150
| +14% | +$56.8K |
|
2710
Hallador Energy
HNRG
$689M
| $440K | ﹤0.01% |
+63,350
| New | +$469K |
|
|
ILG
2711
DELISTED
ILG, Inc Common Stock
ILG
| $440K | ﹤0.01% |
23,954
-164,538
| -87% | -$3.4M |
|
|
SCNB
2712
DELISTED
Suffolk Bancorp
SCNB
| $440K | ﹤0.01% |
+16,091
| New | +$442K |
|
2713
Aecom
ACM
$9.57B
| $439K | ﹤0.01% |
15,973
-28,334
| -64% | -$823K |
|
|
VIVS
2714
VivoSim Labs
VIVS
$1.33M
| $439K | ﹤0.01% |
+682
| New | +$518K |
|
|
ACH
2715
DELISTED
Alum Corp of China Ltd
ACH
| $438K | ﹤0.01% |
+56,426
| New | +$505K |
|
|
KBAL
2716
DELISTED
Kimball International
KBAL
| $435K | ﹤0.01% |
45,962
-106,431
| -70% | -$1.2M |
|
|
CASC
2717
DELISTED
Cascadian Therapeutics, Inc.
CASC
| $434K | ﹤0.01% |
26,417
-35,180
| -57% | -$721K |
|
2718
ESCO Technologies
ESE
$8.18B
| $432K | ﹤0.01% |
+12,040
| New | +$442K |
|
2719
Metallus
MTUS
$879M
| $432K | ﹤0.01% |
42,714
-202,524
| -83% | -$3.66M |
|
|
OTIC
2720
DELISTED
Otonomy, Inc.
OTIC
| $432K | ﹤0.01% |
+24,236
| New | +$573K |
|
|
OLBK
2721
DELISTED
Old Line Bancshares, Inc.
OLBK
| $432K | ﹤0.01% |
26,569
-3,661
| -12% | -$58K |
|
2722
Vaalco Energy
EGY
$540M
| $431K | ﹤0.01% |
253,442
-9,857
| -4% | -$16.2K |
|
|
SPNS
2723
DELISTED
Sapiens International
SPNS
| $431K | ﹤0.01% |
+37,453
| New | +$426K |
|
|
SKUL
2724
DELISTED
SKULLCANDY INC
SKUL
| $431K | ﹤0.01% |
78,000
-35,000
| -31% | -$246K |
|
2725
UMB Financial
UMBF
$10.9B
| $429K | ﹤0.01% |
8,446
-2,704
| -24% | -$143K |
|
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Millennium Management's Q3 2015 Portfolio in Review
As of Q3 2015, Millennium Management held 4,098 positions worth $51.6B, down 2.3% from $52.9B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Millennium Management deployed $5.12B of net new capital in Q3 2015, opening 840 new positions and adding to 1,320 existing holdings. Its largest new stake was BP: 4,551,492 shares worth $117M.
By sector, the portfolio is most concentrated in Healthcare at 11% of assets, down from 14% a quarter earlier, followed by Energy and Consumer Discretionary.
On the sell side, the largest reduction was Alexion Pharmaceuticals, an estimated $229M trimmed.
- Millennium Management's largest Q3 2015 buy was BP: 4,551,492 shares worth $117M.
- Millennium Management added most to DuPont de Nemours in Q3 2015, an estimated $1.55B increase.
- Millennium Management's biggest Q3 2015 reduction was Alexion Pharmaceuticals, cutting an estimated $229M.
- Millennium Management fully exited PepsiCo in Q3 2015, selling an estimated $173M.
- Millennium Management's ten largest holdings make up 14% of its $51.6B portfolio in Q3 2015.
- Millennium Management opened 840 new positions and closed 681 in Q3 2015.
- Millennium Management's portfolio value fell 2.3% quarter-over-quarter to $51.6B.
Based on Millennium Management's 13F filing for Q3 2015, filed 16 Nov 2015.