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 | |
|---|---|---|---|---|---|---|
|
BRCM
1976
PUT
DELISTED
BROADCOM CORP CL-A
BRCM
| $1.81M | ﹤0.01% |
+35,200
| New | +$1.81M |
|
1977
Mattel
MAT
$4.47B
| $1.81M | ﹤0.01% |
85,778
-453,668
| -84% | -$10.6M |
|
|
TA
1978
DELISTED
TravelCenters of America LLC
TA
| $1.8M | ﹤0.01% |
34,910
-18,174
| -34% | -$1.23M |
|
1979
Green Plains
GPRE
$1.15B
| $1.8M | ﹤0.01% |
92,445
-355,531
| -79% | -$7.84M |
|
1980
Rogers Corp
ROG
$2.09B
| $1.8M | ﹤0.01% |
33,821
+244
| +0.7% | +$13.7K |
|
|
RGC
1981
DELISTED
Regal Entertainment Group
RGC
| $1.8M | ﹤0.01% |
96,274
+20,176
| +27% | +$389K |
|
|
ALX
1982
Alexander's
ALX
$1.36B
| $1.8M | ﹤0.01% |
4,807
+3,267
| +212% | +$1.27M |
|
1983
WEX
WEX
$6.42B
| $1.79M | ﹤0.01% |
20,666
+8,652
| +72% | +$862K |
|
|
VASC
1984
DELISTED
Vascular Solutions Inc
VASC
| $1.79M | ﹤0.01% |
55,393
+30,957
| +127% | +$1.11M |
|
1985
Great Southern Bancorp
GSBC
$878M
| $1.79M | ﹤0.01% |
41,272
+6,447
| +19% | +$267K |
|
1986
CareTrust REIT
CTRE
$10B
| $1.78M | ﹤0.01% |
157,043
+130,932
| +501% | +$1.59M |
|
1987
American Coastal Insurance
ACIC
$536M
| $1.78M | ﹤0.01% |
+135,397
| New | +$1.95M |
|
1988
Chegg
CHGG
$116M
| $1.78M | ﹤0.01% |
246,697
-249,595
| -50% | -$1.98M |
|
|
GLBL
1989
DELISTED
TerraForm Global, Inc. Class A Common Stock
GLBL
| $1.77M | ﹤0.01% |
+266,209
| New | +$2.58M |
|
|
AFOP
1990
DELISTED
Alliance Fiber Optic Prod Inc
AFOP
| $1.76M | ﹤0.01% |
103,238
+77,217
| +297% | +$1.45M |
|
1991
Northwest Bancshares
NWBI
$2.33B
| $1.76M | ﹤0.01% |
135,355
-268,533
| -66% | -$3.43M |
|
1992
Lands' End
LE
$378M
| $1.75M | ﹤0.01% |
64,900
+42,160
| +185% | +$1.06M |
|
1993
Cullen/Frost Bankers
CFR
$10.5B
| $1.75M | ﹤0.01% |
+27,508
| New | +$1.87M |
|
|
LADR
1994
Ladder Capital
LADR
$1.24B
| $1.75M | ﹤0.01% |
151,829
-448,810
| -75% | -$5.67M |
|
|
CXRX
1995
DELISTED
Concordia International Corp. Common Stock
CXRX
| $1.75M | ﹤0.01% |
+41,000
| New | +$3.04M |
|
1996
Liberty Latin America Class C
LILAK
$1.69B
| $1.74M | ﹤0.01% |
+59,471
| New | +$2.01M |
|
1997
Gartner
IT
$11.1B
| $1.74M | ﹤0.01% |
+20,727
| New | +$1.81M |
|
1998
TAL Education Group
TAL
$6.04B
| $1.74M | ﹤0.01% |
324,690
-330,420
| -50% | -$1.78M |
|
1999
CNA Financial
CNA
$14.9B
| $1.74M | ﹤0.01% |
49,746
-3,559
| -7% | -$134K |
|
|
TDAY
2000
USA Today Co
TDAY
$1.29B
| $1.74M | ﹤0.01% |
112,204
+10,115
| +10% | +$162K |
|
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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.