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 | |
|---|---|---|---|---|---|---|
|
HOLX
251
DELISTED
Hologic
HOLX
| $48.9M | 0.1% |
1,264,320
-2,035,172
| -62% | -$79.2M |
|
|
TIF
252
DELISTED
Tiffany & Co.
TIF
| $48.9M | 0.1% |
641,109
+231,942
| +57% | +$18.1M |
|
253
Delta Air Lines
DAL
$57.5B
| $48.6M | 0.1% |
959,085
-1,137,340
| -54% | -$56.2M |
|
254
PVH
PVH
$4B
| $48.4M | 0.1% |
656,982
+312,870
| +91% | +$27.7M |
|
255
KLA
KLAC
$239B
| $48.3M | 0.1% |
6,970,050
+3,253,670
| +88% | +$20.8M |
|
256
Lumen
LUMN
$6.57B
| $48.2M | 0.1% |
1,917,082
-887,992
| -32% | -$23.8M |
|
|
INXN
257
DELISTED
Interxion Holding N.V.
INXN
| $48.2M | 0.1% |
1,599,359
-289,203
| -15% | -$8.48M |
|
|
ZNGA
258
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $48.1M | 0.1% |
17,942,512
+427,813
| +2% | +$1.08M |
|
259
Northrop Grumman
NOC
$77.1B
| $48M | 0.1% |
254,039
+48,067
| +23% | +$8.81M |
|
260
United States Oil Fund
USO
$2.15B
| $47.3M | 0.1% |
537,634
+503,922
| +1,495% | +$53.7M |
|
|
CST
261
DELISTED
CST Brands, Inc.
CST
| $47.3M | 0.1% |
1,207,865
+51,606
| +4% | +$1.89M |
|
|
AAT
262
American Assets Trust
AAT
$1.45B
| $47.1M | 0.1% |
1,227,987
+699,660
| +132% | +$28.3M |
|
263
Ford
F
$58.5B
| $46.8M | 0.1% |
3,321,969
+1,449,449
| +77% | +$21M |
|
264
Halliburton
HAL
$26.9B
| $46.5M | 0.1% |
1,367,024
-1,247,603
| -48% | -$47M |
|
|
GHDX
265
DELISTED
Genomic Health, Inc.
GHDX
| $46M | 0.1% |
1,306,004
+312,476
| +31% | +$8.37M |
|
266
Equity Lifestyle Properties
ELS
$12.6B
| $45.9M | 0.1% |
1,377,104
-1,372,766
| -50% | -$42.5M |
|
267
CubeSmart
CUBE
$9.39B
| $45.8M | 0.1% |
1,496,817
+842,602
| +129% | +$24.2M |
|
268
PUT
Charter Communications
CHTR
$17.3B
| $45.8M | 0.1% |
250,000
+150,000
| +150% | +$27.8M |
|
|
ARG
269
DELISTED
Airgas Inc
ARG
| $45.8M | 0.1% |
330,762
+223,263
| +208% | +$25.7M |
|
|
ATHN
270
DELISTED
Athenahealth, Inc.
ATHN
| $45.6M | 0.1% |
283,403
-151,720
| -35% | -$23.4M |
|
|
COR
271
DELISTED
Coresite Realty Corporation
COR
| $45.5M | 0.1% |
802,320
-296,332
| -27% | -$16.8M |
|
272
Intercontinental Exchange
ICE
$85.6B
| $45.5M | 0.1% |
887,755
+129,780
| +17% | +$6.53M |
|
273
Zebra Technologies
ZBRA
$14B
| $45.5M | 0.1% |
653,202
+421,739
| +182% | +$31.6M |
|
274
Cencora
COR
$60.6B
| $45.5M | 0.1% |
438,415
+216,752
| +98% | +$21.3M |
|
|
CB
275
DELISTED
CHUBB CORPORATION
CB
| $45.2M | 0.1% |
340,659
+260,231
| +324% | +$33.7M |
|
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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.