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 | |
|---|---|---|---|---|---|---|
126
Western Alliance Bancorporation
WAL
$8.79B
| $72.2M | 0.15% |
2,013,334
+54,586
| +3% | +$1.97M |
|
|
P
127
DELISTED
Pandora Media Inc
P
| $72M | 0.15% |
5,370,668
+3,130,348
| +140% | +$46.6M |
|
128
Cheniere Energy
LNG
$55.2B
| $71.9M | 0.15% |
1,931,368
+1,008,659
| +109% | +$46M |
|
129
Norfolk Southern
NSC
$75.4B
| $71.4M | 0.15% |
844,351
+475,945
| +129% | +$40.7M |
|
130
Celanese
CE
$4.9B
| $70.9M | 0.15% |
1,052,865
+968,151
| +1,143% | +$65.8M |
|
131
Black Hills Corp
BKH
$5.42B
| $70.7M | 0.15% |
1,521,762
+1,249,746
| +459% | +$54.9M |
|
132
Tyson Foods
TSN
$20.4B
| $70.1M | 0.15% |
1,313,573
+1,151,105
| +709% | +$55.3M |
|
|
LPT
133
DELISTED
Liberty Property Trust
LPT
| $69.8M | 0.15% |
2,248,267
+664,559
| +42% | +$22M |
|
|
SLCA
134
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $69.6M | 0.15% |
3,713,461
+106,424
| +3% | +$1.99M |
|
135
Sally Beauty Holdings
SBH
$1.43B
| $69.3M | 0.15% |
2,486,230
-39,567
| -2% | -$993K |
|
136
First Horizon
FHN
$12.2B
| $69.2M | 0.15% |
4,767,727
+3,359,462
| +239% | +$48.7M |
|
137
Liberty Global Class A
LBTYA
$3.62B
| $68.1M | 0.14% |
1,842,441
+16,225
| +0.9% | +$613K |
|
|
NUVA
138
DELISTED
NuVasive, Inc.
NUVA
| $68.1M | 0.14% |
1,258,307
-481,568
| -28% | -$24.6M |
|
|
FTR
139
DELISTED
Frontier Communications Corp.
FTR
| $67.3M | 0.14% |
960,470
+190,944
| +25% | +$14.2M |
|
140
Regeneron Pharmaceuticals
REGN
$78.5B
| $67.2M | 0.14% |
123,859
+42,458
| +52% | +$23M |
|
141
Edgewell Personal Care
EPC
$1.25B
| $67.2M | 0.14% |
857,847
+564,249
| +192% | +$45.7M |
|
142
AutoZone
AZO
$49.2B
| $66.9M | 0.14% |
90,108
+39,794
| +79% | +$30.4M |
|
143
CSX Corp
CSX
$93.4B
| $66.4M | 0.14% |
7,677,249
+1,143,129
| +17% | +$10.4M |
|
144
Tenaris
TS
$28.9B
| $66.1M | 0.14% |
2,777,750
+2,213,170
| +392% | +$56M |
|
145
Newmont
NEM
$98.7B
| $65.5M | 0.14% |
3,641,575
+790,245
| +28% | +$14.5M |
|
146
Analog Devices
ADI
$179B
| $65.3M | 0.14% |
1,179,926
+751,313
| +175% | +$44.2M |
|
|
SIVB
147
DELISTED
SVB Financial Group
SIVB
| $65.3M | 0.14% |
548,937
+209,285
| +62% | +$26M |
|
|
GMCR
148
DELISTED
KEURIG GREEN MTN INC
GMCR
| $65.2M | 0.14% |
+725,124
| New | +$45.1M |
|
|
EGN
149
DELISTED
Energen
EGN
| $65.2M | 0.14% |
1,589,804
-1,717,953
| -52% | -$94.1M |
|
150
Intel
INTC
$455B
| $65M | 0.14% |
+1,887,763
| New | +$63.8M |
|
Similar funds
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.