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 | |
|---|---|---|---|---|---|---|
|
PPLI
301
People Inc
PPLI
$3.09B
| $40.8M | 0.09% |
3,801,369
+1,873,326
| +97% | +$21.7M |
|
|
QVCGA
302
DELISTED
QVC Group Inc Series A
QVCGA
| $40.7M | 0.09% |
30,690
+29,253
| +2,036% | +$38.3M |
|
|
GWB
303
DELISTED
Great Western Bancorp, Inc.
GWB
| $40.6M | 0.09% |
1,398,348
+77,913
| +6% | +$2.22M |
|
304
State Street Technology Select Sector SPDR ETF
XLK
$115B
| $40.5M | 0.09% |
1,891,616
-712,628
| -27% | -$15.3M |
|
|
AMAG
305
DELISTED
AMAG Pharmaceuticals
AMAG
| $40.5M | 0.09% |
1,340,237
+684,562
| +104% | +$22.1M |
|
|
BDN
306
Brandywine Realty Trust
BDN
$524M
| $40.2M | 0.08% |
2,944,822
-480,685
| -14% | -$6.35M |
|
|
BWLD
307
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $40.2M | 0.08% |
251,683
+246,683
| +4,934% | +$41.1M |
|
|
CPE
308
DELISTED
Callon Petroleum Company
CPE
| $39.9M | 0.08% |
478,094
+473,271
| +9,813% | +$41.3M |
|
|
BMR
309
DELISTED
BIOMED REALTY TRUST INC
BMR
| $39.9M | 0.08% |
+1,682,791
| New | +$39.1M |
|
310
Liberty Global Class C
LBTYK
$3.53B
| $39.6M | 0.08% |
1,120,276
+899,203
| +407% | +$32.4M |
|
|
SHPG
311
DELISTED
Shire pic
SHPG
| $39.6M | 0.08% |
193,158
-279,726
| -59% | -$58.1M |
|
312
CALL
BP
BP
$116B
| $39.5M | 0.08% |
1,503,686
| – | – |
|
313
Monster Beverage
MNST
$94.3B
| $39.5M | 0.08% |
1,590,120
-1,282,638
| -45% | -$31M |
|
314
Rio Tinto
RIO
$158B
| $39.4M | 0.08% |
1,354,626
+578,491
| +75% | +$19.6M |
|
315
American International
AIG
$41.7B
| $39.3M | 0.08% |
634,627
+334,007
| +111% | +$20.4M |
|
316
Eaton
ETN
$161B
| $39.3M | 0.08% |
754,686
+722,153
| +2,220% | +$39.1M |
|
317
D.R. Horton
DHI
$40B
| $39.2M | 0.08% |
1,224,933
+555,610
| +83% | +$17.3M |
|
318
Alibaba
BABA
$293B
| $39.1M | 0.08% |
481,203
-227,800
| -32% | -$17.9M |
|
319
Texas Instruments
TXN
$252B
| $38.7M | 0.08% |
706,845
+669,445
| +1,790% | +$37.4M |
|
320
Avista
AVA
$3.34B
| $38.6M | 0.08% |
1,090,940
+728,511
| +201% | +$25M |
|
|
SWN
321
DELISTED
Southwestern Energy Company
SWN
| $38.4M | 0.08% |
5,399,503
-3,955,830
| -42% | -$38.8M |
|
322
Air Products & Chemicals
APD
$65.7B
| $38.3M | 0.08% |
318,476
-232,545
| -42% | -$29.3M |
|
|
RAX
323
DELISTED
Rackspace Hosting Inc
RAX
| $38.2M | 0.08% |
1,509,762
-95,768
| -6% | -$2.54M |
|
324
SBA Communications
SBAC
$19.2B
| $38.2M | 0.08% |
363,782
-1,209,323
| -77% | -$131M |
|
|
DFS
325
DELISTED
Discover Financial Services
DFS
| $38.2M | 0.08% |
712,552
-1,618,936
| -69% | -$89.8M |
|
Similar funds
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.