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 | |
|---|---|---|---|---|---|---|
|
HPP
426
Hudson Pacific Properties
HPP
$747M
| $29.8M | 0.06% |
151,074
-55,105
| -27% | -$11M |
|
|
MNDT
427
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $29.6M | 0.06% |
1,427,946
+683,008
| +92% | +$17.1M |
|
428
Johnson Controls International
JCI
$88.8B
| $29.4M | 0.06% |
711,648
+435,350
| +158% | +$19.7M |
|
429
Abbott
ABT
$183B
| $29.3M | 0.06% |
652,304
-1,288,296
| -66% | -$56.9M |
|
|
NXTM
430
DELISTED
NxStage Medical Inc.
NXTM
| $29.2M | 0.06% |
1,333,905
+359,666
| +37% | +$6.7M |
|
431
Walt Disney
DIS
$167B
| $29.2M | 0.06% |
+277,588
| New | +$30.9M |
|
432
FMC
FMC
$1.34B
| $29.1M | 0.06% |
857,965
+789,645
| +1,156% | +$27M |
|
|
MRSH
433
Marsh
MRSH
$90.5B
| $28.9M | 0.06% |
+521,111
| New | +$28.7M |
|
434
Stanley Black & Decker
SWK
$14.3B
| $28.9M | 0.06% |
270,625
-440,838
| -62% | -$46.5M |
|
|
FISV
435
Fiserv Inc
FISV
$28.8B
| $28.7M | 0.06% |
626,632
+618,426
| +7,536% | +$29M |
|
436
Centene
CNC
$30.7B
| $28.6M | 0.06% |
869,176
+284,328
| +49% | +$8.42M |
|
|
EXTN
437
DELISTED
Exterran Corporation
EXTN
| $28.6M | 0.06% |
+1,781,682
| New | +$28.1M |
|
438
Invesco
IVZ
$13.1B
| $28.5M | 0.06% |
852,426
+768,053
| +910% | +$25.2M |
|
439
Wintrust Financial
WTFC
$10.8B
| $28.2M | 0.06% |
581,099
+110,203
| +23% | +$5.62M |
|
440
C.H. Robinson
CHRW
$17.4B
| $28.2M | 0.06% |
454,439
-2,293
| -0.5% | -$154K |
|
441
NetEase
NTES
$85.3B
| $28.1M | 0.06% |
775,890
+106,675
| +16% | +$3.32M |
|
442
Bloomin' Brands
BLMN
$741M
| $28.1M | 0.06% |
1,662,531
-28,767
| -2% | -$499K |
|
443
Ally Financial
ALLY
$13.2B
| $28.1M | 0.06% |
1,505,427
-1,145,306
| -43% | -$22.7M |
|
444
AvalonBay Communities
AVB
$26.5B
| $28M | 0.06% |
151,857
+97,637
| +180% | +$17.5M |
|
445
Enterprise Products Partners
EPD
$82.3B
| $27.9M | 0.06% |
1,089,437
+942,111
| +639% | +$24.5M |
|
446
Gray Television
GTN
$415M
| $27.5M | 0.06% |
1,686,573
+830,755
| +97% | +$13M |
|
|
PXD
447
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $27.4M | 0.06% |
218,700
| – | – |
|
448
Valley National Bancorp
VLY
$7.9B
| $27.4M | 0.06% |
2,779,232
+2,754,599
| +11,183% | +$28.6M |
|
449
CALL
Union Pacific
UNP
$174B
| $27.4M | 0.06% |
+350,000
| New | +$30M |
|
450
CALL
Intuitive Surgical
ISRG
$127B
| $27.3M | 0.06% |
+450,000
| New | +$25.3M |
|
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.