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 | |
|---|---|---|---|---|---|---|
1726
Invesco
IVZ
$12.4B
| $2.63M | 0.01% |
84,373
-2,020,965
| -96% | -$71.9M |
|
1727
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $2.63M | 0.01% |
+31,600
| New | +$2.74M |
|
1728
McCormick & Company Non-Voting
MKC
$14B
| $2.63M | 0.01% |
64,000
+45,826
| +252% | +$1.86M |
|
|
PQUE
1729
DELISTED
PETROQUEST ENERGY INC (DE)
PQUE
| $2.63M | 0.01% |
2,248,155
+348,155
| +18% | +$407K |
|
|
BWP
1730
DELISTED
Boardwalk Pipeline Partners
BWP
| $2.61M | 0.01% |
222,083
-311,179
| -58% | -$4.24M |
|
|
WPP
1731
DELISTED
WAUSAU PAPER CORP.
WPP
| $2.61M | 0.01% |
+408,315
| New | +$3.31M |
|
1732
TJX Companies
TJX
$179B
| $2.6M | 0.01% |
72,684
-965,542
| -93% | -$33.9M |
|
|
EPE
1733
DELISTED
EP Energy Corporation
EPE
| $2.59M | 0.01% |
503,731
+115,550
| +30% | +$873K |
|
1734
PUT
Williams Companies
WMB
$85.8B
| $2.58M | 0.01% |
+70,000
| New | +$3.49M |
|
|
ULTI
1735
DELISTED
Ultimate Software Group Inc
ULTI
| $2.58M | 0.01% |
14,415
-743
| -5% | -$133K |
|
1736
Ecolab
ECL
$79.8B
| $2.58M | 0.01% |
+23,475
| New | +$2.63M |
|
|
PSXP
1737
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
| $2.58M | 0.01% |
52,279
+37,036
| +243% | +$2.15M |
|
1738
State Street SPDR S&P Metals & Mining ETF
XME
$3.75B
| $2.57M | 0.01% |
153,955
+118,333
| +332% | +$2.36M |
|
|
AMTG
1739
DELISTED
APOLLO RESIDENTIAL MTG INC COM STK
AMTG
| $2.57M | 0.01% |
202,998
+59,811
| +42% | +$849K |
|
1740
EXL Service
EXLS
$5.46B
| $2.57M | 0.01% |
347,615
+239,710
| +222% | +$1.78M |
|
1741
CALL
Amazon
AMZN
$2.44T
| $2.56M | 0.01% |
100,000
-100,000
| -50% | -$2.53M |
|
1742
PUT
Graphic Packaging
GPK
$3.35B
| $2.56M | 0.01% |
+200,000
| New | +$2.85M |
|
1743
Columbus McKinnon
CMCO
$422M
| $2.54M | ﹤0.01% |
+139,607
| New | +$2.92M |
|
|
EGL
1744
DELISTED
Engility Holdings, Inc.
EGL
| $2.53M | ﹤0.01% |
98,235
-54,774
| -36% | -$1.42M |
|
1745
Movado Group
MOV
$840M
| $2.53M | ﹤0.01% |
+97,876
| New | +$2.54M |
|
1746
Autohome
ATHM
$2.62B
| $2.53M | ﹤0.01% |
77,681
-46,781
| -38% | -$1.67M |
|
1747
Ryanair
RYAAY
$30B
| $2.52M | ﹤0.01% |
+78,441
| New | +$2.43M |
|
|
NSM
1748
DELISTED
Nationstar Mortgage Holdings
NSM
| $2.51M | ﹤0.01% |
181,169
-32,520
| -15% | -$546K |
|
1749
CALL
Golar LNG
GLNG
$4.82B
| $2.51M | ﹤0.01% |
90,000
-30,000
| -25% | -$1.16M |
|
1750
ICF International
ICFI
$1.5B
| $2.51M | ﹤0.01% |
82,501
+50,728
| +160% | +$1.74M |
|
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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.