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 | |
|---|---|---|---|---|---|---|
|
BEL
1076
DELISTED
Belmond Ltd.
BEL
| $7.71M | 0.02% |
811,852
+598,736
| +281% | +$6.04M |
|
1077
Lazard
LAZ
$4.1B
| $7.69M | 0.02% |
170,900
+82,472
| +93% | +$3.78M |
|
1078
Prestige Consumer Healthcare
PBH
$2.34B
| $7.68M | 0.02% |
149,226
-1,402
| -0.9% | -$69.7K |
|
|
SE
1079
DELISTED
Spectra Energy Corp Wi
SE
| $7.67M | 0.02% |
320,332
-76,506
| -19% | -$2.03M |
|
1080
Teradyne
TER
$57.9B
| $7.66M | 0.02% |
370,326
-281,900
| -43% | -$5.61M |
|
1081
Nelnet
NNI
$4.92B
| $7.63M | 0.02% |
227,205
-390,861
| -63% | -$13.1M |
|
1082
PUT
Bausch Health
BHC
$2.38B
| $7.62M | 0.02% |
+75,000
| New | +$8.43M |
|
|
SCTY
1083
DELISTED
SolarCity Corporation
SCTY
| $7.62M | 0.02% |
+149,394
| New | +$5.8M |
|
|
CJES
1084
DELISTED
C&J ENERGY SVCS LTD
CJES
| $7.62M | 0.02% |
+1,600,965
| New | +$7.99M |
|
1085
WaFd
WAFD
$2.69B
| $7.61M | 0.02% |
319,135
+166,531
| +109% | +$4.1M |
|
1086
PUT
Copart
CPRT
$26.9B
| $7.6M | 0.02% |
+1,600,000
| New | +$7.39M |
|
1087
ProQR Therapeutics
PRQR
$246M
| $7.59M | 0.02% |
874,744
+73,251
| +9% | +$842K |
|
1088
BorgWarner
BWA
$13B
| $7.57M | 0.02% |
198,975
+186,479
| +1,492% | +$7M |
|
1089
iShares 20+ Year Treasury Bond ETF
TLT
$42B
| $7.57M | 0.02% |
62,749
-7,048
| -10% | -$859K |
|
1090
Madison Square Garden
MSGS
$9.6B
| $7.55M | 0.02% |
+65,382
| New | +$7.87M |
|
1091
CALL
United States Oil Fund
USO
$2.17B
| $7.52M | 0.02% |
+85,500
| New | +$9.11M |
|
|
DYAX
1092
PUT
DELISTED
DYAX CORPORATION
DYAX
| $7.52M | 0.02% |
+200,000
| New | +$6.43M |
|
|
DVAX
1093
CALL
DELISTED
Dynavax Technologies
DVAX
| $7.5M | 0.02% |
+310,400
| New | +$7.78M |
|
|
WAGE
1094
DELISTED
WageWorks, Inc.
WAGE
| $7.47M | 0.02% |
164,624
+6,019
| +4% | +$270K |
|
|
WNS
1095
DELISTED
WNS Holdings
WNS
| $7.43M | 0.02% |
238,181
+114,700
| +93% | +$3.59M |
|
1096
CALL
PPG Industries
PPG
$24.6B
| $7.41M | 0.02% |
75,000
-25,000
| -25% | -$2.53M |
|
1097
Vanguard Morningstar Total Stock Market ETF
VTI
$657B
| $7.41M | 0.02% |
71,038
+8,586
| +14% | +$904K |
|
1098
TIM SA
TIMB
$9.21B
| $7.4M | 0.02% |
872,715
-699,435
| -44% | -$7.01M |
|
|
KKD
1099
DELISTED
KRISPY KREME DOUGHNUTS INC
KKD
| $7.4M | 0.02% |
491,101
+392,050
| +396% | +$5.57M |
|
|
PBY
1100
DELISTED
PEP BOYS MANNY MOE& JACK
PBY
| $7.4M | 0.02% |
401,875
-446,882
| -53% | -$6.67M |
|
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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.