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 | |
|---|---|---|---|---|---|---|
1401
PUT
Alnylam Pharmaceuticals
ALNY
$38.3B
| $4.71M | 0.01% |
+50,000
| New | +$4.64M |
|
|
LMOS
1402
DELISTED
Lumos Networks Corp
LMOS
| $4.7M | 0.01% |
419,416
-9,986
| -2% | -$121K |
|
1403
PUT
APA Corp
APA
$13B
| $4.7M | 0.01% |
+105,600
| New | +$4.92M |
|
1404
Inovio Pharmaceuticals
INO
$85.6M
| $4.69M | 0.01% |
58,129
+29,307
| +102% | +$2.33M |
|
1405
WisdomTree
WT
$2.79B
| $4.69M | 0.01% |
+298,879
| New | +$5.49M |
|
|
DVAX
1406
DELISTED
Dynavax Technologies
DVAX
| $4.68M | 0.01% |
193,936
+22,820
| +13% | +$572K |
|
1407
Azenta
AZTA
$1.3B
| $4.67M | 0.01% |
437,408
+361,292
| +475% | +$4.09M |
|
1408
PUT
ConocoPhillips
COP
$144B
| $4.67M | 0.01% |
+100,000
| New | +$5.23M |
|
1409
Copart
CPRT
$28.5B
| $4.66M | 0.01% |
980,880
-1,149,392
| -54% | -$5.31M |
|
1410
PUT
Allstate
ALL
$70.6B
| $4.66M | 0.01% |
+75,000
| New | +$4.66M |
|
|
ISIL
1411
DELISTED
Intersil Corp
ISIL
| $4.62M | 0.01% |
362,363
+98,158
| +37% | +$1.3M |
|
1412
Snap-on
SNA
$21.5B
| $4.62M | 0.01% |
26,959
-112,220
| -81% | -$18.7M |
|
1413
First Solar
FSLR
$21.4B
| $4.6M | 0.01% |
69,670
-987,078
| -93% | -$55.3M |
|
|
BRKL
1414
DELISTED
Brookline Bancorp
BRKL
| $4.59M | 0.01% |
399,581
-383,005
| -49% | -$4.34M |
|
1415
New Mountain Finance
NMFC
$654M
| $4.58M | 0.01% |
352,135
+270,312
| +330% | +$3.72M |
|
|
ASRT
1416
DELISTED
Assertio
ASRT
| $4.58M | 0.01% |
4,211
+2,370
| +129% | +$2.67M |
|
1417
Pitney Bowes
PBI
$2.39B
| $4.57M | 0.01% |
221,357
+206,505
| +1,390% | +$4.27M |
|
1418
Marcus & Millichap
MMI
$1.2B
| $4.56M | 0.01% |
+156,508
| New | +$5.83M |
|
1419
Canadian Imperial Bank of Commerce
CM
$106B
| $4.56M | 0.01% |
138,432
-25,878
| -16% | -$949K |
|
1420
CALL
Cintas
CTAS
$86.6B
| $4.55M | 0.01% |
+200,000
| New | +$4.55M |
|
|
BOJA
1421
DELISTED
Bojangles', Inc. Common Stock
BOJA
| $4.55M | 0.01% |
286,713
+121,995
| +74% | +$2.03M |
|
1422
JB Hunt Transport Services
JBHT
$25.9B
| $4.55M | 0.01% |
61,976
-195,531
| -76% | -$14.7M |
|
1423
A10 Networks
ATEN
$2.07B
| $4.55M | 0.01% |
692,992
+132,112
| +24% | +$915K |
|
1424
Boeing
BA
$169B
| $4.54M | 0.01% |
+31,378
| New | +$4.52M |
|
|
DNB
1425
DELISTED
Dun & Bradstreet
DNB
| $4.53M | 0.01% |
43,628
+36,213
| +488% | +$3.93M |
|
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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.