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 | |
|---|---|---|---|---|---|---|
|
HAPN
1176
Happen Inc
HAPN
$2.23B
| $6.59M | 0.01% |
+119,235
| New | +$7.91M |
|
|
CADE
1177
DELISTED
Cadence Bank
CADE
| $6.59M | 0.01% |
+274,589
| New | +$6.88M |
|
|
MDR
1178
DELISTED
McDermott International
MDR
| $6.58M | 0.01% |
654,392
-288,151
| -31% | -$3.95M |
|
|
ORBK
1179
DELISTED
Orbotech Ltd
ORBK
| $6.57M | 0.01% |
296,726
+232,367
| +361% | +$4.35M |
|
1180
CALL
Teva Pharmaceuticals
TEVA
$41.2B
| $6.56M | 0.01% |
+100,000
| New | +$6.18M |
|
1181
Cardinal Health
CAH
$53.2B
| $6.56M | 0.01% |
73,457
-476,238
| -87% | -$40.4M |
|
|
ABMD
1182
DELISTED
Abiomed Inc
ABMD
| $6.54M | 0.01% |
72,489
-8,778
| -11% | -$745K |
|
|
TYPE
1183
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $6.54M | 0.01% |
276,727
+117,329
| +74% | +$2.88M |
|
|
CSGS
1184
DELISTED
CSG Systems International
CSGS
| $6.53M | 0.01% |
181,384
-107,063
| -37% | -$3.68M |
|
|
PCH
1185
DELISTED
PotlatchDeltic
PCH
| $6.51M | 0.01% |
215,203
-262,786
| -55% | -$8.22M |
|
1186
Pegasystems
PEGA
$4.94B
| $6.51M | 0.01% |
473,186
-124,388
| -21% | -$1.72M |
|
1187
RingCentral
RNG
$4.48B
| $6.51M | 0.01% |
275,908
-190,744
| -41% | -$4.11M |
|
1188
PUT
Alibaba
BABA
$279B
| $6.5M | 0.01% |
80,000
+30,000
| +60% | +$2.35M |
|
1189
Brown & Brown
BRO
$23.7B
| $6.46M | 0.01% |
+402,416
| New | +$6.44M |
|
|
TAST
1190
DELISTED
Carrols Restaurant Group, Inc.
TAST
| $6.46M | 0.01% |
550,210
+142,532
| +35% | +$1.7M |
|
1191
Genpact
G
$5.99B
| $6.45M | 0.01% |
258,270
+119,339
| +86% | +$2.95M |
|
1192
TransDigm Group
TDG
$69.9B
| $6.45M | 0.01% |
28,243
+6,027
| +27% | +$1.36M |
|
1193
ScottsMiracle-Gro
SMG
$3.97B
| $6.44M | 0.01% |
99,776
-291,724
| -75% | -$19.3M |
|
|
DNR
1194
DELISTED
Denbury Resources, Inc.
DNR
| $6.43M | 0.01% |
3,185,362
+1,083,022
| +52% | +$3.49M |
|
|
COHR
1195
DELISTED
Coherent Inc
COHR
| $6.43M | 0.01% |
98,764
+72,694
| +279% | +$4.48M |
|
|
ACOR
1196
CALL
DELISTED
Acorda Therapeutics
ACOR
| $6.42M | 0.01% |
+1,250
| New | +$5.46M |
|
1197
First Industrial Realty Trust
FR
$8.75B
| $6.42M | 0.01% |
289,889
-735,722
| -72% | -$16.2M |
|
1198
Prologis
PLD
$136B
| $6.41M | 0.01% |
+149,432
| New | +$6.3M |
|
|
RP
1199
DELISTED
RealPage, Inc.
RP
| $6.41M | 0.01% |
285,680
+126,066
| +79% | +$2.56M |
|
|
MRC
1200
DELISTED
MRC Global
MRC
| $6.41M | 0.01% |
496,933
+277,405
| +126% | +$3.65M |
|
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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.