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 | |
|---|---|---|---|---|---|---|
1776
Resources Connection
RGP
$140M
| $2.55M | 0.01% |
155,992
+64,717
| +71% | +$1.13M |
|
|
SUNE
1777
CALL
DELISTED
SUNEDISON, INC COM
SUNE
| $2.54M | 0.01% |
500,000
+100,000
| +25% | +$613K |
|
|
AAMI
1778
Acadian Asset Management
AAMI
$2.88B
| $2.54M | 0.01% |
165,873
-69,685
| -30% | -$1.08M |
|
1779
Maximus
MMS
$3.32B
| $2.54M | 0.01% |
+45,185
| New | +$2.72M |
|
1780
PRA Group
PRAA
$672M
| $2.54M | 0.01% |
73,209
+68,385
| +1,418% | +$3.06M |
|
1781
PUT
Crown Holdings
CCK
$13B
| $2.54M | 0.01% |
+50,000
| New | +$2.54M |
|
1782
PUT
Delta Air Lines
DAL
$56.7B
| $2.54M | 0.01% |
+50,000
| New | +$2.47M |
|
1783
Ralph Lauren
RL
$22.4B
| $2.52M | 0.01% |
22,645
-356,698
| -94% | -$42.3M |
|
1784
Morningstar
MORN
$7.55B
| $2.52M | 0.01% |
31,353
+10,498
| +50% | +$851K |
|
1785
FreightCar America
RAIL
$263M
| $2.52M | 0.01% |
+129,591
| New | +$2.72M |
|
|
WFM
1786
CALL
DELISTED
Whole Foods Market Inc
WFM
| $2.51M | 0.01% |
75,000
+35,000
| +88% | +$1.11M |
|
1787
Banner Corp
BANR
$2.38B
| $2.5M | 0.01% |
54,573
+29,359
| +116% | +$1.45M |
|
1788
KT
KT
$8.74B
| $2.5M | 0.01% |
210,143
+109,598
| +109% | +$1.41M |
|
1789
First Merchants
FRME
$2.69B
| $2.5M | 0.01% |
+98,416
| New | +$2.59M |
|
|
HZN
1790
DELISTED
Horizon Global Corporation
HZN
| $2.5M | 0.01% |
240,781
+64,002
| +36% | +$583K |
|
|
BELFB
1791
Bel Fuse Inc Class B
BELFB
$3.45B
| $2.49M | 0.01% |
143,939
+91,764
| +176% | +$1.76M |
|
1792
Ferrari
RACE
$67.8B
| $2.49M | 0.01% |
+51,832
| New | +$2.57M |
|
|
BETR
1793
DELISTED
Amplify Snack Brands, Inc.
BETR
| $2.49M | 0.01% |
215,800
+138,726
| +180% | +$1.63M |
|
1794
Simmons First National
SFNC
$3.39B
| $2.48M | 0.01% |
+96,536
| New | +$2.54M |
|
|
CSFL
1795
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $2.48M | 0.01% |
+158,221
| New | +$2.41M |
|
1796
CALL
Alcoa
AA
$11.3B
| $2.47M | 0.01% |
+104,037
| New | +$2.32M |
|
1797
IDT Corp
IDT
$1.67B
| $2.46M | 0.01% |
298,122
+115,972
| +64% | +$1.05M |
|
1798
TC Energy
TRP
$70.1B
| $2.45M | 0.01% |
75,115
-18,129
| -19% | -$600K |
|
|
AXON
1799
Axon Enterprise
AXON
$42.8B
| $2.45M | 0.01% |
141,543
+84,594
| +149% | +$1.69M |
|
|
VCRA
1800
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $2.44M | 0.01% |
200,378
+94,739
| +90% | +$1.14M |
|
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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.