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 | |
|---|---|---|---|---|---|---|
976
Kroger
KR
$35.5B
| $9.01M | 0.02% |
215,384
-1,100,529
| -84% | -$42.7M |
|
977
Gentex
GNTX
$4.99B
| $9.01M | 0.02% |
562,706
+179,272
| +47% | +$2.9M |
|
978
Dr. Reddy's Laboratories
RDY
$9.82B
| $9M | 0.02% |
972,605
+806,270
| +485% | +$8.83M |
|
979
CACI
CACI
$10.9B
| $8.99M | 0.02% |
96,930
-22,431
| -19% | -$2.08M |
|
980
Cboe Global Markets
CBOE
$32B
| $8.98M | 0.02% |
138,375
+87,891
| +174% | +$5.94M |
|
|
KING
981
CALL
DELISTED
KING DIGITAL ENTMT PLC ORD SHS (IRL)
KING
| $8.94M | 0.02% |
+500,000
| New | +$8.33M |
|
|
HES
982
DELISTED
Hess
HES
| $8.94M | 0.02% |
184,315
-549,227
| -75% | -$31.2M |
|
983
CALL
Hershey
HSY
$35.3B
| $8.93M | 0.02% |
+100,000
| New | +$8.97M |
|
|
BLD
984
DELISTED
TopBuild
BLD
| $8.92M | 0.02% |
289,852
+282,697
| +3,951% | +$8.48M |
|
985
Kosmos Energy
KOS
$1.58B
| $8.91M | 0.02% |
+1,712,672
| New | +$11.4M |
|
986
Baxter International
BAX
$13.5B
| $8.9M | 0.02% |
233,242
-166,940
| -42% | -$6.1M |
|
|
VWR
987
DELISTED
VWR Corporation
VWR
| $8.89M | 0.02% |
314,212
+294,058
| +1,459% | +$7.8M |
|
988
Clearwater Paper
CLW
$339M
| $8.88M | 0.02% |
+195,122
| New | +$9.37M |
|
989
Southwest Gas
SWX
$6.51B
| $8.87M | 0.02% |
160,764
+37,800
| +31% | +$2.16M |
|
990
Pediatrix Medical
MD
$2.16B
| $8.84M | 0.02% |
123,359
-158,069
| -56% | -$11.7M |
|
991
ABM Industries
ABM
$2.8B
| $8.83M | 0.02% |
310,288
+43,170
| +16% | +$1.24M |
|
|
RPAI
992
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $8.83M | 0.02% |
598,017
-571,414
| -49% | -$8.46M |
|
993
Suncor Energy
SU
$79.1B
| $8.82M | 0.02% |
341,732
+131,723
| +63% | +$3.64M |
|
994
Elevance Health
ELV
$81.9B
| $8.81M | 0.02% |
63,200
-37,231
| -37% | -$5.13M |
|
995
PUT
Cummins
CMI
$88.4B
| $8.8M | 0.02% |
100,000
+25,000
| +33% | +$2.5M |
|
996
Four Corners Property Trust
FCPT
$2.77B
| $8.8M | 0.02% |
+498,931
| New | +$7.79M |
|
997
Applied Materials
AMAT
$411B
| $8.78M | 0.02% |
470,290
-2,086,345
| -82% | -$36.2M |
|
998
Itaú Unibanco
ITUB
$93.5B
| $8.72M | 0.02% |
+3,039,056
| New | +$9.65M |
|
999
YPF
YPF
$20.7B
| $8.72M | 0.02% |
554,908
+93,436
| +20% | +$1.71M |
|
|
BMS
1000
DELISTED
Bemis
BMS
| $8.71M | 0.02% |
194,931
+79,893
| +69% | +$3.57M |
|
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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.