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 | |
|---|---|---|---|---|---|---|
|
SHOR
1026
DELISTED
ShoreTel, Inc.
SHOR
| $8.41M | 0.02% |
950,314
+216,122
| +29% | +$2.01M |
|
|
CMRX
1027
DELISTED
Chimerix, Inc.
CMRX
| $8.4M | 0.02% |
938,953
+652,201
| +227% | +$23.5M |
|
1028
Murphy USA
MUSA
$11.3B
| $8.35M | 0.02% |
137,487
+97,525
| +244% | +$5.83M |
|
1029
Energizer
ENR
$1.44B
| $8.31M | 0.02% |
243,965
+125,991
| +107% | +$4.81M |
|
1030
Employers Holdings
EIG
$913M
| $8.3M | 0.02% |
304,025
+19,855
| +7% | +$512K |
|
1031
Reliance Steel & Aluminium
RS
$20.8B
| $8.29M | 0.02% |
143,230
-131,200
| -48% | -$7.62M |
|
1032
LiveRamp
RAMP
$2.3B
| $8.28M | 0.02% |
395,655
-190,035
| -32% | -$4.15M |
|
|
RDUS
1033
DELISTED
Radius Health, Inc.
RDUS
| $8.22M | 0.02% |
133,613
-787,250
| -85% | -$49.7M |
|
|
SIX
1034
DELISTED
Six Flags Entertainment Corp.
SIX
| $8.22M | 0.02% |
149,642
-21,529
| -13% | -$1.11M |
|
1035
Keysight
KEYS
$54.9B
| $8.21M | 0.02% |
289,611
-219,951
| -43% | -$6.76M |
|
1036
State Street SPDR S&P Homebuilders ETF
XHB
$1.61B
| $8.2M | 0.02% |
239,749
-10,371
| -4% | -$369K |
|
|
PTLA
1037
PUT
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $8.19M | 0.02% |
159,100
+9,100
| +6% | +$441K |
|
|
CHMT
1038
DELISTED
Chemtura Corporation
CHMT
| $8.17M | 0.02% |
+299,700
| New | +$8.92M |
|
1039
Repligen
RGEN
$7.97B
| $8.14M | 0.02% |
287,689
-81,895
| -22% | -$2.36M |
|
1040
Host Hotels & Resorts
HST
$17.2B
| $8.12M | 0.02% |
529,566
-348,248
| -40% | -$5.79M |
|
1041
Mastercard
MA
$505B
| $8.12M | 0.02% |
+83,433
| New | +$8.17M |
|
1042
CALL
PBF Energy
PBF
$8.31B
| $8.11M | 0.02% |
220,400
| – | – |
|
|
NGHC
1043
DELISTED
National General Holdings Corp
NGHC
| $8.1M | 0.02% |
370,674
-449,636
| -55% | -$9.39M |
|
|
WBMD
1044
DELISTED
WebMD Health Corp.
WBMD
| $8.09M | 0.02% |
167,526
-105,241
| -39% | -$4.69M |
|
1045
Wynn Resorts
WYNN
$10.2B
| $8.07M | 0.02% |
116,634
-330,712
| -74% | -$22.1M |
|
1046
Usana Health Sciences
USNA
$406M
| $8.04M | 0.02% |
125,932
-49,352
| -28% | -$3.2M |
|
1047
Cathay General Bancorp
CATY
$4.2B
| $8.02M | 0.02% |
255,840
-158,401
| -38% | -$5.08M |
|
1048
PUT
EOG Resources
EOG
$77.9B
| $8.01M | 0.02% |
+113,200
| New | +$9.19M |
|
1049
Macy's
M
$6.52B
| $8.01M | 0.02% |
229,061
-647,275
| -74% | -$28M |
|
|
CUB
1050
DELISTED
Cubic Corporation
CUB
| $8M | 0.02% |
+169,309
| New | +$7.67M |
|
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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.