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 | |
|---|---|---|---|---|---|---|
1951
Shenandoah Telecom
SHEN
$703M
| $1.91M | ﹤0.01% |
88,858
-153,132
| -63% | -$3.54M |
|
1952
RLI Corp
RLI
$6.02B
| $1.91M | ﹤0.01% |
61,814
+9,938
| +19% | +$296K |
|
1953
Mercury Insurance
MCY
$6B
| $1.9M | ﹤0.01% |
40,880
+28,451
| +229% | +$1.44M |
|
|
TEF
1954
DELISTED
Telefonica
TEF
| $1.9M | ﹤0.01% |
+221,606
| New | +$2.1M |
|
|
HEP
1955
DELISTED
Holly Energy Partners, L.P.
HEP
| $1.9M | ﹤0.01% |
61,000
-16,000
| -21% | -$517K |
|
1956
Compañía de Cervecerías Unidas
CCU
$2.14B
| $1.9M | ﹤0.01% |
87,664
+52,110
| +147% | +$1.2M |
|
1957
TriNet
TNET
$3.23B
| $1.89M | ﹤0.01% |
+97,760
| New | +$1.85M |
|
|
HAYN
1958
DELISTED
Haynes International, Inc.
HAYN
| $1.89M | ﹤0.01% |
51,545
+13,649
| +36% | +$530K |
|
|
PNK
1959
DELISTED
Pinnacle Entertainment Inc.
PNK
| $1.89M | ﹤0.01% |
60,669
-75,373
| -55% | -$2.54M |
|
|
STML
1960
DELISTED
Stemline Therapeutics, Inc.
STML
| $1.89M | ﹤0.01% |
299,083
+109,603
| +58% | +$889K |
|
|
FRED
1961
DELISTED
Fred's Inc
FRED
| $1.89M | ﹤0.01% |
115,259
+102,559
| +808% | +$1.5M |
|
1962
TG Therapeutics
TGTX
$8.19B
| $1.89M | ﹤0.01% |
+158,125
| New | +$2M |
|
|
XLNX
1963
CALL
DELISTED
Xilinx Inc
XLNX
| $1.88M | ﹤0.01% |
+40,000
| New | +$1.89M |
|
1964
WEX
WEX
$6.42B
| $1.88M | ﹤0.01% |
21,233
+567
| +3% | +$51.4K |
|
1965
Navient
NAVI
$819M
| $1.87M | ﹤0.01% |
163,579
-170,952
| -51% | -$2.09M |
|
|
EMKR
1966
DELISTED
Emcore Corp
EMKR
| $1.87M | ﹤0.01% |
30,506
+15,204
| +99% | +$1.05M |
|
1967
CALL
ConocoPhillips
COP
$144B
| $1.87M | ﹤0.01% |
+40,000
| New | +$2.09M |
|
1968
Clean Energy Fuels
CLNE
$416M
| $1.86M | ﹤0.01% |
517,979
+498,865
| +2,610% | +$2.39M |
|
1969
Center Bancorp
CNOB
$1.65B
| $1.86M | ﹤0.01% |
99,498
-787
| -0.8% | -$14.5K |
|
|
CVRS
1970
DELISTED
CORINDUS VASCULAR ROBOTICS, INC
CVRS
| $1.86M | ﹤0.01% |
579,310
-108,449
| -16% | -$339K |
|
1971
Telus
TU
$17.4B
| $1.85M | ﹤0.01% |
+133,728
| New | +$2.08M |
|
|
GMLP
1972
DELISTED
Golar LNG Partners LP
GMLP
| $1.85M | ﹤0.01% |
138,182
+51,490
| +59% | +$774K |
|
|
KW
1973
DELISTED
Kennedy-Wilson Holdings
KW
| $1.85M | ﹤0.01% |
76,743
-586,844
| -88% | -$14.4M |
|
|
UFS
1974
PUT
DELISTED
DOMTAR CORPORATION (New)
UFS
| $1.85M | ﹤0.01% |
+50,000
| New | +$1.98M |
|
|
LEJU
1975
DELISTED
Leju Holdings Limited American Depositary Shares, each representing ten (10) Ordinary Shares
LEJU
| $1.85M | ﹤0.01% |
32,299
+6,469
| +25% | +$402K |
|
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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.