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 |
PPL
PPL Corp
PPL
|
+$304M |
| 2 |
SWN
Southwestern Energy Company
SWN
|
+$207M |
| 3 |
Biogen
BIIB
|
+$177M |
| 4 |
MON
Monsanto Co
MON
|
+$164M |
| 5 |
BNY
Bank of New York Mellon
BNY
|
+$153M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Teva Pharmaceuticals
TEVA
|
+$412M |
| 2 |
Pfizer
PFE
|
+$283M |
| 3 |
Devon Energy
DVN
|
+$194M |
| 4 |
Valero Energy
VLO
|
+$187M |
| 5 |
Altria Group
MO
|
+$174M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14% |
| 2 | Energy | 11.19% |
| 3 | Financials | 8.75% |
| 4 | Consumer Discretionary | 8.58% |
| 5 | Industrials | 8.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Berkshire Hathaway Class B
BRK.B
$1.07T
| $46.9M | 0.09% |
344,633
-114,651
| -25% | -$16.4M |
|
277
iShares Silver Trust
SLV
$28.1B
| $46.8M | 0.09% |
3,113,639
+1,704,024
| +121% | +$26.7M |
|
278
United Airlines
UAL
$38.4B
| $46.6M | 0.09% |
879,275
-448,832
| -34% | -$26M |
|
|
TCF
279
DELISTED
TCF Financial Corporation
TCF
| $46.6M | 0.09% |
2,805,781
-991,674
| -26% | -$15.9M |
|
|
CIVI
280
DELISTED
Civitas Resources
CIVI
| $46.6M | 0.09% |
22,867
+2,080
| +10% | +$5.38M |
|
281
Lam Research
LRCX
$382B
| $46.5M | 0.09% |
5,721,310
-357,550
| -6% | -$2.81M |
|
282
Delta Air Lines
DAL
$55.9B
| $46.2M | 0.09% |
1,125,608
+138,194
| +14% | +$6.04M |
|
283
Air Products & Chemicals
APD
$66.3B
| $45.6M | 0.09% |
360,189
-323,514
| -47% | -$44.1M |
|
284
Cardinal Health
CAH
$53.4B
| $45.4M | 0.09% |
542,926
+242,985
| +81% | +$21.5M |
|
|
IPG
285
DELISTED
Interpublic Group of Companies
IPG
| $45.3M | 0.09% |
2,352,867
-110,043
| -4% | -$2.28M |
|
286
United Parcel Service
UPS
$97.6B
| $45.3M | 0.09% |
467,475
+404,332
| +640% | +$40.2M |
|
287
Golar LNG
GLNG
$4.95B
| $45.2M | 0.09% |
966,747
+890,205
| +1,163% | +$38.6M |
|
288
Allstate
ALL
$66.9B
| $45M | 0.09% |
694,067
-294,222
| -30% | -$20.2M |
|
289
Bloomin' Brands
BLMN
$680M
| $44.9M | 0.09% |
2,103,979
-623,037
| -23% | -$14M |
|
|
TFCF
290
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $44.9M | 0.08% |
1,393,183
+115,208
| +9% | +$3.82M |
|
291
Urban Outfitters
URBN
$5.99B
| $44.8M | 0.08% |
1,279,347
+1,254,147
| +4,977% | +$48.5M |
|
292
Weyerhaeuser
WY
$17.3B
| $44.7M | 0.08% |
1,419,749
-232,927
| -14% | -$7.49M |
|
|
BRS
293
DELISTED
Bristow Group, Inc.
BRS
| $44.6M | 0.08% |
836,737
+416,296
| +99% | +$24.4M |
|
294
CALL
iShares China Large-Cap ETF
FXI
$4.31B
| $44.2M | 0.08% |
959,600
-40,400
| -4% | -$2M |
|
295
Acadia Pharmaceuticals
ACAD
$4.25B
| $44M | 0.08% |
1,050,029
+538,507
| +105% | +$20.8M |
|
296
Emerson Electric
EMR
$82.9B
| $43.9M | 0.08% |
791,952
+107,053
| +16% | +$6.29M |
|
297
Humana
HUM
$46.7B
| $43.9M | 0.08% |
229,267
-156,219
| -41% | -$29M |
|
298
Zimmer Biomet
ZBH
$17.7B
| $43.8M | 0.08% |
413,302
+298,339
| +260% | +$33M |
|
|
SPNC
299
DELISTED
Spectranetics Corp
SPNC
| $43.8M | 0.08% |
1,902,265
+1,447,702
| +318% | +$40.4M |
|
|
DWA
300
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
| $43.7M | 0.08% |
1,658,108
+1,503,710
| +974% | +$39.5M |
|
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Millennium Management's Q2 2015 Portfolio in Review
As of Q2 2015, Millennium Management held 4,294 positions worth $52.9B, down 1.6% from $53.7B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Millennium Management's Q2 2015 filing shows 780 new, 1,199 increased, 1,223 reduced and 1,034 closed positions. Its largest new stake was Charter Communications: 575,958 shares worth $98.6M. The largest sale was Teva Pharmaceuticals, an estimated $412M.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, down from 15% a quarter earlier, followed by Energy and Financials.
- Millennium Management's largest Q2 2015 buy was Charter Communications: 575,958 shares worth $98.6M.
- Millennium Management added most to PPL Corp in Q2 2015, an estimated $304M increase.
- Millennium Management's biggest Q2 2015 reduction was Teva Pharmaceuticals, cutting an estimated $412M.
- Millennium Management fully exited SALIX PHARMACEUTICALS LTD DEL in Q2 2015, selling an estimated $145M.
- Millennium Management's ten largest holdings make up 11% of its $52.9B portfolio in Q2 2015.
- Millennium Management opened 780 new positions and closed 1,034 in Q2 2015.
- Millennium Management's portfolio value fell 1.6% quarter-over-quarter to $52.9B.
Based on Millennium Management's 13F filing for Q2 2015, filed 14 Aug 2015.