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 |
PPL
PPL Corp
PPL
|
+$304M |
| 2 |
SWN
Southwestern Energy Company
SWN
|
+$207M |
| 3 |
Biogen
BIIB
|
+$177M |
| 4 |
MON
Monsanto Co
MON
|
+$164M |
| 5 |
BNY
Bank of New York Mellon
BNY
|
+$153M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Teva Pharmaceuticals
TEVA
|
+$412M |
| 2 |
Pfizer
PFE
|
+$283M |
| 3 |
Devon Energy
DVN
|
+$194M |
| 4 |
Valero Energy
VLO
|
+$187M |
| 5 |
Altria Group
MO
|
+$174M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14% |
| 2 | Energy | 11.19% |
| 3 | Financials | 8.75% |
| 4 | Consumer Discretionary | 8.58% |
| 5 | Industrials | 8.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
Jefferies Financial Group
JEF
$12.7B
| $1.81M | ﹤0.01% |
83,314
-33,921
| -29% | -$725K |
|
|
FCRD
1977
DELISTED
First Eagle Alternative Capital BDC, Inc. Common Stock
FCRD
| $1.81M | ﹤0.01% |
156,542
+29,200
| +23% | +$357K |
|
|
OMG
1978
DELISTED
OM GROUP INC.
OMG
| $1.8M | ﹤0.01% |
53,698
-231,672
| -81% | -$7.2M |
|
|
MYCC
1979
DELISTED
ClubCorp Holdings, Inc.
MYCC
| $1.8M | ﹤0.01% |
75,483
-327,288
| -81% | -$7.23M |
|
|
MTOR
1980
DELISTED
MERITOR, Inc.
MTOR
| $1.8M | ﹤0.01% |
137,339
+66,110
| +93% | +$887K |
|
|
KG
1981
Kestrel Group
KG
$66.1M
| $1.8M | ﹤0.01% |
5,707
-13,764
| -71% | -$4.02M |
|
1982
Encore Capital Group
ECPG
$2.01B
| $1.8M | ﹤0.01% |
+42,027
| New | +$1.72M |
|
1983
United Microelectronic
UMC
$42.9B
| $1.79M | ﹤0.01% |
875,600
+650,372
| +289% | +$1.46M |
|
|
HIBB
1984
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $1.79M | ﹤0.01% |
38,451
+27,866
| +263% | +$1.33M |
|
|
GDP
1985
DELISTED
GOODRICH PETROLEUM CORP(NEW)
GDP
| $1.78M | ﹤0.01% |
+956,498
| New | +$2.98M |
|
|
VWR
1986
DELISTED
VWR Corporation
VWR
| $1.78M | ﹤0.01% |
66,505
-882,132
| -93% | -$23.6M |
|
1987
IDEX
IEX
$17B
| $1.77M | ﹤0.01% |
22,532
+11,613
| +106% | +$899K |
|
|
PPP
1988
DELISTED
Primero Mining Corp
PPP
| $1.77M | ﹤0.01% |
455,020
+189,025
| +71% | +$741K |
|
1989
Corning
GLW
$107B
| $1.77M | ﹤0.01% |
89,551
-2,422,015
| -96% | -$51.8M |
|
1990
Sturm, Ruger & Co
RGR
$603M
| $1.76M | ﹤0.01% |
30,649
+23,696
| +341% | +$1.29M |
|
1991
Puma Biotechnology
PBYI
$398M
| $1.76M | ﹤0.01% |
+15,060
| New | +$2.73M |
|
|
GOOD
1992
Gladstone Commercial Corp
GOOD
$623M
| $1.75M | ﹤0.01% |
105,923
+81,129
| +327% | +$1.44M |
|
1993
Quanex
NX
$825M
| $1.75M | ﹤0.01% |
+81,563
| New | +$1.57M |
|
1994
Bio-Techne
TECH
$11.2B
| $1.75M | ﹤0.01% |
70,988
-50,692
| -42% | -$1.27M |
|
|
CHL
1995
DELISTED
China Mobile Limited
CHL
| $1.75M | ﹤0.01% |
27,240
-77,151
| -74% | -$5.27M |
|
|
AOI
1996
DELISTED
Alliance One International
AOI
| $1.74M | ﹤0.01% |
72,926
+53,546
| +276% | +$841K |
|
|
CNH
1997
CNH Industrial
CNH
$13.3B
| $1.74M | ﹤0.01% |
215,426
+153,217
| +246% | +$1.17M |
|
|
TAST
1998
DELISTED
Carrols Restaurant Group, Inc.
TAST
| $1.73M | ﹤0.01% |
+166,072
| New | +$1.6M |
|
1999
Clean Energy Fuels
CLNE
$416M
| $1.72M | ﹤0.01% |
+305,332
| New | +$2.29M |
|
2000
Sabesp
SBS
$18.4B
| $1.72M | ﹤0.01% |
1,707,809
+423,520
| +33% | +$477K |
|
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Millennium Management's Q2 2015 Portfolio in Review
As of Q2 2015, Millennium Management held 4,294 positions worth $52.9B, down 1.6% from $53.7B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Millennium Management's Q2 2015 filing shows 780 new, 1,199 increased, 1,223 reduced and 1,034 closed positions. Its largest new stake was Charter Communications: 575,958 shares worth $98.6M. The largest sale was Teva Pharmaceuticals, an estimated $412M.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, down from 15% a quarter earlier, followed by Energy and Financials.
- Millennium Management's largest Q2 2015 buy was Charter Communications: 575,958 shares worth $98.6M.
- Millennium Management added most to PPL Corp in Q2 2015, an estimated $304M increase.
- Millennium Management's biggest Q2 2015 reduction was Teva Pharmaceuticals, cutting an estimated $412M.
- Millennium Management fully exited SALIX PHARMACEUTICALS LTD DEL in Q2 2015, selling an estimated $145M.
- Millennium Management's ten largest holdings make up 11% of its $52.9B portfolio in Q2 2015.
- Millennium Management opened 780 new positions and closed 1,034 in Q2 2015.
- Millennium Management's portfolio value fell 1.6% quarter-over-quarter to $52.9B.
Based on Millennium Management's 13F filing for Q2 2015, filed 14 Aug 2015.