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 |
PPL
PPL Corp
PPL
|
+$304M |
| 2 |
SWN
Southwestern Energy Company
SWN
|
+$207M |
| 3 |
Biogen
BIIB
|
+$177M |
| 4 |
MON
Monsanto Co
MON
|
+$164M |
| 5 |
BNY
Bank of New York Mellon
BNY
|
+$153M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Teva Pharmaceuticals
TEVA
|
+$412M |
| 2 |
Pfizer
PFE
|
+$283M |
| 3 |
Devon Energy
DVN
|
+$194M |
| 4 |
Valero Energy
VLO
|
+$187M |
| 5 |
Altria Group
MO
|
+$174M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14% |
| 2 | Energy | 11.19% |
| 3 | Financials | 8.75% |
| 4 | Consumer Discretionary | 8.58% |
| 5 | Industrials | 8.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MENT
1001
DELISTED
Mentor Graphics Corp
MENT
| $9.68M | 0.02% |
366,289
+82,769
| +29% | +$2.1M |
|
1002
Ford
F
$58.5B
| $9.67M | 0.02% |
+644,408
| New | +$9.99M |
|
1003
International Paper
IP
$21.6B
| $9.66M | 0.02% |
214,430
-351,221
| -62% | -$17.4M |
|
1004
Fossil Group
FOSL
$293M
| $9.64M | 0.02% |
139,002
+44,482
| +47% | +$3.46M |
|
1005
ServiceNow
NOW
$115B
| $9.64M | 0.02% |
648,425
-853,375
| -57% | -$13.2M |
|
|
MDCO
1006
DELISTED
Medicines Co
MDCO
| $9.63M | 0.02% |
336,736
-1,122,880
| -77% | -$31.3M |
|
1007
Kratos Defense & Security Solutions
KTOS
$8.74B
| $9.61M | 0.02% |
1,525,521
-280,381
| -16% | -$1.66M |
|
1008
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
| $9.61M | 0.02% |
81,826
+52,759
| +182% | +$6.47M |
|
1009
Nu Skin
NUS
$252M
| $9.56M | 0.02% |
202,783
+198,783
| +4,970% | +$10.8M |
|
1010
Advance Auto Parts
AAP
$3.35B
| $9.54M | 0.02% |
59,917
-795,476
| -93% | -$122M |
|
|
CPN
1011
DELISTED
Calpine Corporation
CPN
| $9.49M | 0.02% |
527,557
-3,757,504
| -88% | -$78.4M |
|
1012
Bristol-Myers Squibb
BMY
$133B
| $9.48M | 0.02% |
142,471
-1,193,515
| -89% | -$78.7M |
|
1013
iShares China Large-Cap ETF
FXI
$4.37B
| $9.47M | 0.02% |
205,336
-32,264
| -14% | -$1.6M |
|
|
HDP
1014
DELISTED
Hortonworks, Inc.
HDP
| $9.46M | 0.02% |
+373,659
| New | +$8.97M |
|
1015
Compañía de Minas Buenaventura
BVN
$7.69B
| $9.43M | 0.02% |
+908,821
| New | +$9.96M |
|
1016
Wabash National
WNC
$512M
| $9.42M | 0.02% |
751,045
-71,858
| -9% | -$1M |
|
1017
FTI Consulting
FCN
$4.4B
| $9.39M | 0.02% |
227,608
+220,584
| +3,140% | +$8.79M |
|
|
SIVB
1018
DELISTED
SVB Financial Group
SIVB
| $9.38M | 0.02% |
65,160
-326,775
| -83% | -$44.2M |
|
|
DRRX
1019
DELISTED
DURECT Corp
DRRX
| $9.38M | 0.02% |
392,276
+305,579
| +352% | +$7.18M |
|
1020
uniQure
QURE
$3.03B
| $9.37M | 0.02% |
347,037
+151,789
| +78% | +$4.32M |
|
1021
First Solar
FSLR
$22.7B
| $9.33M | 0.02% |
198,560
-589,443
| -75% | -$32.9M |
|
|
WOOF
1022
DELISTED
VCA Inc.
WOOF
| $9.32M | 0.02% |
171,386
-676,127
| -80% | -$35.8M |
|
1023
Enerpac Tool Group
EPAC
$1.83B
| $9.29M | 0.02% |
+402,548
| New | +$9.63M |
|
|
ALEX
1024
DELISTED
Alexander & Baldwin
ALEX
| $9.27M | 0.02% |
+235,366
| New | +$9.68M |
|
|
SF
1025
Stifel
SF
$12.6B
| $9.24M | 0.02% |
360,160
+190,325
| +112% | +$4.69M |
|
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Millennium Management's Q2 2015 Portfolio in Review
As of Q2 2015, Millennium Management held 4,294 positions worth $52.9B, down 1.6% from $53.7B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Millennium Management's Q2 2015 filing shows 780 new, 1,199 increased, 1,223 reduced and 1,034 closed positions. Its largest new stake was Charter Communications: 575,958 shares worth $98.6M. The largest sale was Teva Pharmaceuticals, an estimated $412M.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, down from 15% a quarter earlier, followed by Energy and Financials.
- Millennium Management's largest Q2 2015 buy was Charter Communications: 575,958 shares worth $98.6M.
- Millennium Management added most to PPL Corp in Q2 2015, an estimated $304M increase.
- Millennium Management's biggest Q2 2015 reduction was Teva Pharmaceuticals, cutting an estimated $412M.
- Millennium Management fully exited SALIX PHARMACEUTICALS LTD DEL in Q2 2015, selling an estimated $145M.
- Millennium Management's ten largest holdings make up 11% of its $52.9B portfolio in Q2 2015.
- Millennium Management opened 780 new positions and closed 1,034 in Q2 2015.
- Millennium Management's portfolio value fell 1.6% quarter-over-quarter to $52.9B.
Based on Millennium Management's 13F filing for Q2 2015, filed 14 Aug 2015.