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 | |
|---|---|---|---|---|---|---|
|
ZEUS
2901
DELISTED
Olympic Steel
ZEUS
| $301K | ﹤0.01% |
30,252
-34,778
| -53% | -$440K |
|
|
ALTR
2902
CALL
DELISTED
Altera Corp
ALTR
| $300K | ﹤0.01% |
+6,000
| New | +$298K |
|
2903
Sunstone Hotel Investors
SHO
$2.19B
| $299K | ﹤0.01% |
22,599
-707,372
| -97% | -$10.2M |
|
2904
Crawford & Co Class A
CRD.A
$551M
| $297K | ﹤0.01% |
53,061
-6,574
| -11% | -$43.1K |
|
|
SALM
2905
DELISTED
Salem Media Group, Inc. Class A Common Stock
SALM
| $297K | ﹤0.01% |
48,540
-3,587
| -7% | -$21.9K |
|
2906
Ampco-Pittsburgh
AP
$167M
| $296K | ﹤0.01% |
27,167
+14,397
| +113% | +$183K |
|
2907
Northern Oil and Gas
NOG
$2.16B
| $296K | ﹤0.01% |
+6,694
| New | +$343K |
|
2908
Rapid7
RPD
$642M
| $296K | ﹤0.01% |
+13,000
| New | +$289K |
|
|
OMCC
2909
DELISTED
Old Market Capital Corp
OMCC
| $296K | ﹤0.01% |
22,819
+12,222
| +115% | +$159K |
|
|
WRES
2910
DELISTED
WARREN RESOURCES INC
WRES
| $296K | ﹤0.01% |
604,790
-2,361
| -0.4% | -$1.08K |
|
2911
Pitney Bowes
PBI
$2.41B
| $295K | ﹤0.01% |
14,852
-565,070
| -97% | -$11.6M |
|
|
ACGN
2912
DELISTED
Aceragen Inc
ACGN
| $295K | ﹤0.01% |
649
-20
| -3% | -$8.84K |
|
|
FLXN
2913
DELISTED
Flexion Therapeutics, Inc.
FLXN
| $295K | ﹤0.01% |
19,840
+4,154
| +26% | +$97.4K |
|
2914
W&T Offshore
WTI
$473M
| $294K | ﹤0.01% |
+98,010
| New | +$364K |
|
|
FRBK
2915
DELISTED
Republic First Bancorp Inc
FRBK
| $293K | ﹤0.01% |
78,784
+48,949
| +164% | +$176K |
|
2916
Actinium Pharmaceuticals
ATNM
$27.2M
| $292K | ﹤0.01% |
5,501
+75
| +1% | +$5.01K |
|
2917
iShares US Pharmaceuticals ETF
IHE
$1.5B
| $291K | ﹤0.01% |
5,901
-2,055
| -26% | -$118K |
|
2918
Aaon
AAON
$7.68B
| $290K | ﹤0.01% |
+22,413
| New | +$321K |
|
|
ESIO
2919
DELISTED
Electro Scientific Industries
ESIO
| $289K | ﹤0.01% |
62,324
-43,987
| -41% | -$204K |
|
2920
Donegal Group Class A
DGICA
$711M
| $288K | ﹤0.01% |
+20,481
| New | +$296K |
|
|
BITA
2921
DELISTED
Bitauto Holdings Limited
BITA
| $287K | ﹤0.01% |
9,637
-71,444
| -88% | -$2.43M |
|
|
PNX
2922
DELISTED
PHOENIX COMPANIES INC. NEW
PNX
| $287K | ﹤0.01% |
+8,700
| New | +$130K |
|
2923
Invesco Pharmaceuticals ETF
PJP
$447M
| $286K | ﹤0.01% |
+4,306
| New | +$335K |
|
|
NEOS
2924
DELISTED
Neos Therapeutics, Inc
NEOS
| $286K | ﹤0.01% |
+13,628
| New | +$300K |
|
|
FXEN
2925
DELISTED
FX ENERGY INC
FXEN
| $286K | ﹤0.01% |
300,619
-8,070
| -3% | -$7.29K |
|
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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.