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 | |
|---|---|---|---|---|---|---|
451
SM Energy
SM
$7.8B
| $27.3M | 0.06% |
1,387,769
-568,852
| -29% | -$17.3M |
|
452
AptarGroup
ATR
$8.55B
| $27.3M | 0.06% |
375,225
+239,471
| +176% | +$17.3M |
|
453
Hope Bancorp
HOPE
$1.79B
| $27.2M | 0.06% |
+1,581,748
| New | +$27.2M |
|
454
Teekay Tankers
TNK
$2.75B
| $27.2M | 0.06% |
493,297
+72,535
| +17% | +$4.27M |
|
455
FerroAtlántica
GSM
$594M
| $27M | 0.06% |
2,512,413
+924,432
| +58% | +$10.5M |
|
456
Arthur J. Gallagher & Co
AJG
$64.1B
| $26.9M | 0.06% |
657,884
-353,496
| -35% | -$15.2M |
|
457
Scorpio Tankers
STNG
$3.9B
| $26.9M | 0.06% |
335,517
+51,157
| +18% | +$4.54M |
|
|
DF
458
DELISTED
Dean Foods Company
DF
| $26.8M | 0.06% |
1,561,868
+470,132
| +43% | +$8.47M |
|
|
CMBT
459
CMB.TECH NV
CMBT
$4.69B
| $26.7M | 0.06% |
1,947,545
+199,213
| +11% | +$2.82M |
|
|
MBLY
460
DELISTED
Mobileye N.V.
MBLY
| $26.7M | 0.06% |
631,430
+322,590
| +104% | +$14.4M |
|
461
HUB Group
HUBG
$2.85B
| $26.6M | 0.06% |
1,615,270
+342,354
| +27% | +$6.38M |
|
|
ECHO
462
EchoStar
ECHO
$24.4B
| $26.6M | 0.06% |
839,591
+400,483
| +91% | +$13.4M |
|
463
IQVIA
IQV
$38.7B
| $26.6M | 0.06% |
387,058
-180,365
| -32% | -$12.3M |
|
464
Cognizant
CTSH
$24.9B
| $26.4M | 0.06% |
440,027
-888,132
| -67% | -$57.2M |
|
465
PUT
ExxonMobil
XOM
$644B
| $26.3M | 0.06% |
337,500
| – | – |
|
466
PTC
PTC
$15.8B
| $26.1M | 0.05% |
752,487
+720,133
| +2,226% | +$25.2M |
|
|
ALDR
467
DELISTED
Alder Biopharmaceuticals
ALDR
| $26.1M | 0.05% |
788,913
-716,186
| -48% | -$24.2M |
|
468
PUT
Transocean
RIG
$5.89B
| $26M | 0.05% |
2,103,700
| – | – |
|
|
SCG
469
DELISTED
Scana
SCG
| $26M | 0.05% |
+430,345
| New | +$25.2M |
|
470
Olin
OLN
$2.11B
| $26M | 0.05% |
1,504,783
-45,420
| -3% | -$874K |
|
471
Aecom
ACM
$9.3B
| $25.9M | 0.05% |
862,476
+846,503
| +5,300% | +$25.4M |
|
|
PAY
472
DELISTED
Verifone Systems Inc
PAY
| $25.9M | 0.05% |
922,939
-432,492
| -32% | -$12.5M |
|
473
LyondellBasell Industries
LYB
$20B
| $25.9M | 0.05% |
297,485
+237,558
| +396% | +$21.9M |
|
|
EVHC
474
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $25.9M | 0.05% |
332,463
+32,729
| +11% | +$2.83M |
|
475
PNC Financial Services
PNC
$99.7B
| $25.8M | 0.05% |
+270,908
| New | +$25.2M |
|
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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.