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 | |
|---|---|---|---|---|---|---|
|
MCRN
1676
DELISTED
Milacron Holdings Corp.
MCRN
| $2.86M | 0.01% |
162,712
-420,486
| -72% | -$7.97M |
|
1677
Installed Building Products
IBP
$6.21B
| $2.85M | 0.01% |
+112,850
| New | +$3.05M |
|
|
DRNA
1678
DELISTED
Dicerna Pharmaceuticals, Inc.
DRNA
| $2.85M | 0.01% |
347,044
-43,420
| -11% | -$501K |
|
1679
PUT
Louisiana-Pacific
LPX
$5.14B
| $2.85M | 0.01% |
+200,000
| New | +$3.17M |
|
1680
Globus Medical
GMED
$11.1B
| $2.85M | 0.01% |
137,698
+84,495
| +159% | +$2.14M |
|
|
XOXO
1681
DELISTED
Xo Group Inc
XOXO
| $2.85M | 0.01% |
201,341
+78,577
| +64% | +$1.18M |
|
|
PNNT
1682
Pennant Park Investment Corp
PNNT
$220M
| $2.84M | 0.01% |
438,783
+162,479
| +59% | +$1.25M |
|
|
MLNX
1683
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $2.84M | 0.01% |
75,053
-245,671
| -77% | -$10.5M |
|
|
BHR
1684
Braemar Hotels & Resorts
BHR
$163M
| $2.83M | 0.01% |
204,005
+145,351
| +248% | +$2.07M |
|
1685
Goldman Sachs
GS
$289B
| $2.83M | 0.01% |
+16,269
| New | +$3.19M |
|
1686
Barnes & Noble Education
BNED
$435M
| $2.82M | 0.01% |
+2,220
| New | +$2.87M |
|
|
NAVG
1687
DELISTED
Navigators Group Inc
NAVG
| $2.82M | 0.01% |
72,272
+16,044
| +29% | +$623K |
|
1688
Herbalife
HLF
$1.3B
| $2.81M | 0.01% |
103,128
-51,734
| -33% | -$1.42M |
|
|
AUY
1689
DELISTED
Yamana Gold, Inc.
AUY
| $2.81M | 0.01% |
1,649,727
-293,575
| -15% | -$600K |
|
1690
AGNC Investment
AGNC
$12.7B
| $2.8M | 0.01% |
149,960
+97,166
| +184% | +$1.87M |
|
|
AD
1691
Array Digital Infrastructure
AD
$3.04B
| $2.8M | 0.01% |
79,152
-4,821
| -6% | -$177K |
|
|
RPRX
1692
DELISTED
Repros Therapeutics Inc.
RPRX
| $2.8M | 0.01% |
377,064
-393,612
| -51% | -$3.01M |
|
1693
Chesapeake Utilities
CPK
$3.28B
| $2.8M | 0.01% |
+52,674
| New | +$2.68M |
|
|
BOJA
1694
DELISTED
Bojangles', Inc. Common Stock
BOJA
| $2.78M | 0.01% |
164,718
+150,546
| +1,062% | +$3.25M |
|
1695
Douglas Dynamics
PLOW
$992M
| $2.78M | 0.01% |
140,114
+80,407
| +135% | +$1.71M |
|
1696
Alto Ingredients
ALTO
$338M
| $2.78M | 0.01% |
428,427
+39,655
| +10% | +$303K |
|
|
PDLI
1697
DELISTED
PDL BioPharma, Inc.
PDLI
| $2.78M | 0.01% |
552,576
-344,039
| -38% | -$1.97M |
|
1698
Vanguard Total International Bond ETF
BNDX
$82B
| $2.78M | 0.01% |
+52,447
| New | +$2.77M |
|
1699
Werner Enterprises
WERN
$2.2B
| $2.77M | 0.01% |
+110,500
| New | +$3.02M |
|
|
GWPH
1700
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $2.77M | 0.01% |
30,316
+7,236
| +31% | +$805K |
|
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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.