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 | |
|---|---|---|---|---|---|---|
801
Marriott International
MAR
$98.3B
| $12.8M | 0.03% |
190,273
+182,577
| +2,372% | +$13.2M |
|
802
PUT
Puma Biotechnology
PBYI
$404M
| $12.7M | 0.03% |
+161,600
| New | +$12.7M |
|
|
UNT
803
DELISTED
UNIT Corporation
UNT
| $12.6M | 0.03% |
1,035,291
+766,308
| +285% | +$11.3M |
|
804
CALL
National Fuel Gas
NFG
$7.82B
| $12.6M | 0.03% |
295,300
| – | – |
|
805
Smith & Nephew
SNN
$13.3B
| $12.6M | 0.03% |
354,479
-43,808
| -11% | -$1.5M |
|
806
Sunoco
SUN
$14.4B
| $12.6M | 0.03% |
+318,540
| New | +$11.5M |
|
|
PMC
807
DELISTED
PharMerica Corporation
PMC
| $12.5M | 0.03% |
357,297
+81,697
| +30% | +$2.56M |
|
|
AZPN
808
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $12.5M | 0.03% |
330,497
+251,798
| +320% | +$9.51M |
|
|
ADPT
809
DELISTED
Adeptus Health Inc
ADPT
| $12.5M | 0.03% |
228,441
+98,596
| +76% | +$6.29M |
|
810
Home BancShares
HOMB
$6.23B
| $12.4M | 0.03% |
614,308
+551,594
| +880% | +$11.8M |
|
|
EDE
811
DELISTED
Empire District Electric
EDE
| $12.4M | 0.03% |
442,978
-147,449
| -25% | -$3.49M |
|
812
Kennametal
KMT
$2.59B
| $12.4M | 0.03% |
646,487
+233,646
| +57% | +$6.03M |
|
813
Polaris
PII
$3.82B
| $12.4M | 0.03% |
+144,414
| New | +$15.3M |
|
814
Extra Space Storage
EXR
$31.3B
| $12.4M | 0.03% |
140,687
-103,003
| -42% | -$8.46M |
|
815
Cheesecake Factory
CAKE
$5.04B
| $12.4M | 0.03% |
268,836
+123,422
| +85% | +$6.04M |
|
|
KSU
816
DELISTED
Kansas City Southern
KSU
| $12.4M | 0.03% |
165,760
-20,907
| -11% | -$1.79M |
|
817
Zurn Elkay Water Solutions
ZWS
$8.38B
| $12.3M | 0.03% |
1,412,508
+590,445
| +72% | +$5.34M |
|
|
BBT
818
Beacon Financial Corp
BBT
$2.66B
| $12.3M | 0.03% |
421,772
-38,269
| -8% | -$1.11M |
|
|
CHK
819
PUT
DELISTED
Chesapeake Energy Corporation
CHK
| $12.3M | 0.03% |
13,617
+3,000
| +28% | +$3.73M |
|
820
TETRA Technologies
TTI
$1.14B
| $12.2M | 0.03% |
1,625,448
-1,921,991
| -54% | -$15M |
|
|
821
CALL
Synchrony
SYF
$24.7B
| $12.2M | 0.03% |
+400,000
| New | +$12.5M |
|
822
PUT
Patterson-UTI
PTEN
$3.98B
| $12.2M | 0.03% |
+806,100
| New | +$12.4M |
|
|
RHT
823
DELISTED
Red Hat Inc
RHT
| $12.1M | 0.03% |
146,631
-224,994
| -61% | -$17.9M |
|
824
Ball Corp
BALL
$17.3B
| $12.1M | 0.03% |
332,912
+64,336
| +24% | +$2.2M |
|
825
Columbia Banking Systems
COLB
$8.84B
| $12.1M | 0.03% |
372,318
+44,426
| +14% | +$1.48M |
|
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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.