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 |
DuPont de Nemours
DD
|
+$1.55B |
| 2 |
Comcast
CMCSA
|
+$449M |
| 3 |
SLB Ltd
SLB
|
+$298M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$281M |
| 5 |
Qualcomm
QCOM
|
+$228M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$229M |
| 2 |
Sempra
SRE
|
+$192M |
| 3 |
Bausch Health
BHC
|
+$183M |
| 4 |
BNY
Bank of New York Mellon
BNY
|
+$175M |
| 5 |
PepsiCo
PEP
|
+$173M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 11.35% |
| 2 | Energy | 10.93% |
| 3 | Consumer Discretionary | 8.63% |
| 4 | Financials | 8.18% |
| 5 | Technology | 7.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
826
AXIS Capital
AXS
$7.68B
| $12.1M | 0.02% |
224,582
+201,558
| +875% | +$11.2M |
|
827
Honda
HMC
$39.1B
| $12.1M | 0.02% |
403,364
+386,876
| +2,346% | +$12.4M |
|
828
Avista
AVA
$3.34B
| $12.1M | 0.02% |
+362,429
| New | +$11.6M |
|
829
ICICI Bank
IBN
$108B
| $12M | 0.02% |
+1,578,887
| New | +$13.5M |
|
830
Invesco QQQ Trust
QQQ
$453B
| $12M | 0.02% |
118,170
+109,435
| +1,253% | +$11.8M |
|
831
CALL
General Motors
GM
$80.4B
| $12M | 0.02% |
400,000
-100,000
| -20% | -$3.06M |
|
|
ARRY
832
DELISTED
Array Biopharma Inc
ARRY
| $12M | 0.02% |
2,632,022
+999,540
| +61% | +$5.93M |
|
833
Johnson Controls International
JCI
$88.8B
| $12M | 0.02% |
276,298
-2,354,205
| -89% | -$109M |
|
834
Mativ Holdings
MATV
$481M
| $11.9M | 0.02% |
346,331
+285,397
| +468% | +$10.4M |
|
835
InterDigital
IDCC
$7.87B
| $11.9M | 0.02% |
235,147
+111,416
| +90% | +$5.75M |
|
836
TherapeuticsMD
TXMD
$23.5M
| $11.9M | 0.02% |
40,453
-12,155
| -23% | -$4.32M |
|
|
CKEC
837
DELISTED
Carmike Cinemas Inc
CKEC
| $11.8M | 0.02% |
588,230
-303,046
| -34% | -$7.29M |
|
|
HME
838
DELISTED
HOME PROPERTIES, INC
HME
| $11.8M | 0.02% |
157,307
-785,159
| -83% | -$58.1M |
|
839
PBF Energy
PBF
$8.57B
| $11.8M | 0.02% |
416,522
-551,229
| -57% | -$16.7M |
|
|
TVRD
840
Tvardi Therapeutics
TVRD
$19.7M
| $11.8M | 0.02% |
22,844
+2,821
| +14% | +$1.89M |
|
841
Teradyne
TER
$57.6B
| $11.7M | 0.02% |
652,226
-108,805
| -14% | -$2.01M |
|
842
Usana Health Sciences
USNA
$408M
| $11.7M | 0.02% |
175,284
+161,474
| +1,169% | +$11.4M |
|
|
ITG
843
DELISTED
Investment Technology Group Inc
ITG
| $11.7M | 0.02% |
878,614
+390,985
| +80% | +$7.25M |
|
|
BXLT
844
DELISTED
BAXALTA INC COM STK (DE)
BXLT
| $11.7M | 0.02% |
+371,836
| New | +$12.8M |
|
845
Norwegian Cruise Line
NCLH
$8.51B
| $11.7M | 0.02% |
204,198
-456,615
| -69% | -$26.9M |
|
846
ProQR Therapeutics
PRQR
$243M
| $11.7M | 0.02% |
801,493
+52,960
| +7% | +$887K |
|
|
CIVI
847
DELISTED
Civitas Resources
CIVI
| $11.6M | 0.02% |
25,552
+2,685
| +12% | +$2.5M |
|
848
Clearway Energy Class C
CWEN
$4.94B
| $11.6M | 0.02% |
999,585
-1,181,288
| -54% | -$20.4M |
|
|
TPH
849
DELISTED
Tri Pointe Homes
TPH
| $11.6M | 0.02% |
885,000
+443,664
| +101% | +$6.42M |
|
|
LBMH
850
DELISTED
LIBERATOR MED HLDGS INC (NY)
LBMH
| $11.6M | 0.02% |
4,927,700
-2,600
| -0.1% | -$6.25K |
|
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Millennium Management's Q3 2015 Portfolio in Review
As of Q3 2015, Millennium Management held 4,098 positions worth $51.6B, down 2.3% from $52.9B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Millennium Management deployed $5.12B of net new capital in Q3 2015, opening 840 new positions and adding to 1,320 existing holdings. Its largest new stake was BP: 4,551,492 shares worth $117M.
By sector, the portfolio is most concentrated in Healthcare at 11% of assets, down from 14% a quarter earlier, followed by Energy and Consumer Discretionary.
On the sell side, the largest reduction was Alexion Pharmaceuticals, an estimated $229M trimmed.
- Millennium Management's largest Q3 2015 buy was BP: 4,551,492 shares worth $117M.
- Millennium Management added most to DuPont de Nemours in Q3 2015, an estimated $1.55B increase.
- Millennium Management's biggest Q3 2015 reduction was Alexion Pharmaceuticals, cutting an estimated $229M.
- Millennium Management fully exited PepsiCo in Q3 2015, selling an estimated $173M.
- Millennium Management's ten largest holdings make up 14% of its $51.6B portfolio in Q3 2015.
- Millennium Management opened 840 new positions and closed 681 in Q3 2015.
- Millennium Management's portfolio value fell 2.3% quarter-over-quarter to $51.6B.
Based on Millennium Management's 13F filing for Q3 2015, filed 16 Nov 2015.