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 |
DuPont de Nemours
DD
|
+$1.55B |
| 2 |
Comcast
CMCSA
|
+$449M |
| 3 |
SLB Ltd
SLB
|
+$298M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$281M |
| 5 |
Qualcomm
QCOM
|
+$228M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$229M |
| 2 |
Sempra
SRE
|
+$192M |
| 3 |
Bausch Health
BHC
|
+$183M |
| 4 |
BNY
Bank of New York Mellon
BNY
|
+$175M |
| 5 |
PepsiCo
PEP
|
+$173M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 11.35% |
| 2 | Energy | 10.93% |
| 3 | Consumer Discretionary | 8.63% |
| 4 | Financials | 8.18% |
| 5 | Technology | 7.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1451
UGI
UGI
$7.76B
| $4.09M | 0.01% |
117,501
-229,899
| -66% | -$8.03M |
|
|
SPPI
1452
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $4.09M | 0.01% |
683,560
-1,565,669
| -70% | -$10.9M |
|
|
GCI
1453
DELISTED
Gannett Co., Inc
GCI
| $4.08M | 0.01% |
+277,185
| New | +$3.63M |
|
1454
O-I Glass
OI
$1.13B
| $4.08M | 0.01% |
196,889
-1,413,863
| -88% | -$30.1M |
|
1455
iShares Russell Mid-Cap Value ETF
IWS
$15.6B
| $4.08M | 0.01% |
60,780
+56,554
| +1,338% | +$4.02M |
|
|
SIGM
1456
DELISTED
Sigma Designs Inc
SIGM
| $4.08M | 0.01% |
591,463
+58,928
| +11% | +$570K |
|
1457
Synopsys
SNPS
$71.3B
| $4.03M | 0.01% |
+87,213
| New | +$4.28M |
|
|
BECN
1458
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $4.02M | 0.01% |
+123,844
| New | +$4.23M |
|
|
SEP
1459
CALL
DELISTED
Spectra Engy Parters Lp
SEP
| $4.02M | 0.01% |
100,000
+59,800
| +149% | +$2.8M |
|
1460
FS KKR Capital
FSK
$2.96B
| $4.01M | 0.01% |
107,480
-15,203
| -12% | -$612K |
|
1461
Cognex
CGNX
$10.4B
| $3.99M | 0.01% |
232,412
-32,660
| -12% | -$649K |
|
1462
LendingTree
TREE
$443M
| $3.98M | 0.01% |
42,788
+38,714
| +950% | +$3.92M |
|
|
EQM
1463
DELISTED
EQM Midstream Partners, LP
EQM
| $3.98M | 0.01% |
+60,000
| New | +$4.53M |
|
1464
Watts Water Technologies
WTS
$11.5B
| $3.98M | 0.01% |
75,321
+24,067
| +47% | +$1.28M |
|
1465
Belden
BDC
$4.56B
| $3.98M | 0.01% |
85,188
-156,697
| -65% | -$9.24M |
|
|
BFX
1466
DELISTED
BowFlex Inc.
BFX
| $3.96M | 0.01% |
264,252
+98,717
| +60% | +$1.77M |
|
|
CAMP
1467
DELISTED
CalAmp Corp.
CAMP
| $3.96M | 0.01% |
10,705
-618
| -5% | -$243K |
|
1468
United States Oil Fund
USO
$2.12B
| $3.96M | 0.01% |
33,712
-18,156
| -35% | -$2.23M |
|
|
PCL
1469
CALL
DELISTED
PLUM CREEK TIMBER CO (REIT)
PCL
| $3.95M | 0.01% |
+100,000
| New | +$4.01M |
|
1470
Brady Corp
BRC
$4.39B
| $3.94M | 0.01% |
200,661
+169,905
| +552% | +$3.83M |
|
|
HUB.A
1471
DELISTED
HUBBELL INC CL-A
HUB.A
| $3.93M | 0.01% |
36,364
+6,291
| +21% | +$676K |
|
|
ECYT
1472
DELISTED
Endocyte, Inc. Common Stock
ECYT
| $3.92M | 0.01% |
856,141
+71,734
| +9% | +$375K |
|
|
BNY
1473
CALL
Bank of New York Mellon
BNY
$106B
| $3.92M | 0.01% |
100,000
| – | – |
|
1474
AAR Corp
AIR
$5.56B
| $3.91M | 0.01% |
+206,227
| New | +$5.35M |
|
|
TOWR
1475
DELISTED
Tower International, Inc.
TOWR
| $3.9M | 0.01% |
164,279
+1,929
| +1% | +$49.2K |
|
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Millennium Management's Q3 2015 Portfolio in Review
As of Q3 2015, Millennium Management held 4,098 positions worth $51.6B, down 2.3% from $52.9B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Millennium Management deployed $5.12B of net new capital in Q3 2015, opening 840 new positions and adding to 1,320 existing holdings. Its largest new stake was BP: 4,551,492 shares worth $117M.
By sector, the portfolio is most concentrated in Healthcare at 11% of assets, down from 14% a quarter earlier, followed by Energy and Consumer Discretionary.
On the sell side, the largest reduction was Alexion Pharmaceuticals, an estimated $229M trimmed.
- Millennium Management's largest Q3 2015 buy was BP: 4,551,492 shares worth $117M.
- Millennium Management added most to DuPont de Nemours in Q3 2015, an estimated $1.55B increase.
- Millennium Management's biggest Q3 2015 reduction was Alexion Pharmaceuticals, cutting an estimated $229M.
- Millennium Management fully exited PepsiCo in Q3 2015, selling an estimated $173M.
- Millennium Management's ten largest holdings make up 14% of its $51.6B portfolio in Q3 2015.
- Millennium Management opened 840 new positions and closed 681 in Q3 2015.
- Millennium Management's portfolio value fell 2.3% quarter-over-quarter to $51.6B.
Based on Millennium Management's 13F filing for Q3 2015, filed 16 Nov 2015.