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 | |
|---|---|---|---|---|---|---|
401
Crown Castle
CCI
$33.3B
| $31.8M | 0.07% |
368,391
-1,297,647
| -78% | -$110M |
|
|
TMX
402
DELISTED
Terminix Global Holdings, Inc.
TMX
| $31.8M | 0.07% |
1,209,430
+545,942
| +82% | +$13.2M |
|
403
HP
HPQ
$24.9B
| $31.7M | 0.07% |
2,680,692
-1,174,530
| -30% | -$15M |
|
|
SEM
404
DELISTED
Select Medical
SEM
| $31.7M | 0.07% |
4,945,722
-513,264
| -9% | -$3.21M |
|
405
RenaissanceRe
RNR
$13.3B
| $31.7M | 0.07% |
279,631
+104,417
| +60% | +$11.6M |
|
406
Five Below
FIVE
$12B
| $31.6M | 0.07% |
+984,481
| New | +$31.5M |
|
|
BIG
407
DELISTED
Big Lots, Inc.
BIG
| $31.4M | 0.07% |
813,755
+662,549
| +438% | +$29.4M |
|
408
Avis
CAR
$4.86B
| $31.3M | 0.07% |
861,425
+844,225
| +4,908% | +$35.6M |
|
|
ZLTQ
409
DELISTED
ZELTIQ Aesthetics, Inc.
ZLTQ
| $31.2M | 0.07% |
1,092,691
+191,415
| +21% | +$6.04M |
|
|
MDCO
410
DELISTED
Medicines Co
MDCO
| $31.1M | 0.07% |
833,482
-1,526,091
| -65% | -$57.7M |
|
411
TE Connectivity
TEL
$59.6B
| $31.1M | 0.07% |
480,912
-82,904
| -15% | -$5.34M |
|
412
AMC Global Media
AMCX
$492M
| $31M | 0.07% |
414,861
+69,490
| +20% | +$5.34M |
|
|
DOC
413
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $30.9M | 0.07% |
1,832,763
+946,068
| +107% | +$15.1M |
|
414
Hewlett Packard
HPE
$63.4B
| $30.5M | 0.06% |
+3,453,888
| New | +$28.9M |
|
415
Sun Communities
SUI
$15.2B
| $30.4M | 0.06% |
443,210
-197,270
| -31% | -$13.3M |
|
|
BCR
416
DELISTED
CR Bard Inc.
BCR
| $30.4M | 0.06% |
160,320
-210,575
| -57% | -$39.4M |
|
417
Incyte
INCY
$24.2B
| $30.3M | 0.06% |
279,104
-92,349
| -25% | -$10.3M |
|
|
SAGE
418
DELISTED
Sage Therapeutics
SAGE
| $30.2M | 0.06% |
+518,738
| New | +$25.7M |
|
|
OKS
419
DELISTED
Oneok Partners LP
OKS
| $30.2M | 0.06% |
1,002,579
+705,184
| +237% | +$21.4M |
|
420
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.65B
| $30.1M | 0.06% |
249,370
+210,909
| +548% | +$30M |
|
|
DISH
421
CALL
DELISTED
DISH Network Corp.
DISH
| $30.1M | 0.06% |
526,000
+226,000
| +75% | +$13.8M |
|
422
Eli Lilly
LLY
$1.02T
| $30M | 0.06% |
356,049
-145,568
| -29% | -$12.1M |
|
423
Kirby Corp
KEX
$7.01B
| $29.9M | 0.06% |
568,914
+230,880
| +68% | +$14.3M |
|
|
IPXL
424
DELISTED
Impax Laboratories, Inc.
IPXL
| $29.8M | 0.06% |
697,956
+308,301
| +79% | +$12.3M |
|
425
PENN Entertainment
PENN
$2.75B
| $29.8M | 0.06% |
1,857,761
+217,625
| +13% | +$3.66M |
|
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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.