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 | |
|---|---|---|---|---|---|---|
2101
CALL
Kinder Morgan
KMI
$70.9B
| $1.49M | ﹤0.01% |
+100,000
| New | +$2.38M |
|
|
CBB
2102
DELISTED
Cincinnati Bell Inc.
CBB
| $1.49M | ﹤0.01% |
82,793
-41,948
| -34% | -$759K |
|
|
PPP
2103
DELISTED
Primero Mining Corp
PPP
| $1.49M | ﹤0.01% |
652,902
-802,136
| -55% | -$1.92M |
|
|
IPCC
2104
DELISTED
Infinity Property & Casualty C
IPCC
| $1.49M | ﹤0.01% |
+18,093
| New | +$1.48M |
|
|
CRAY
2105
DELISTED
Cray, Inc.
CRAY
| $1.48M | ﹤0.01% |
45,732
+27,173
| +146% | +$800K |
|
2106
Encore Capital Group
ECPG
$2.01B
| $1.48M | ﹤0.01% |
51,007
+42,584
| +506% | +$1.47M |
|
|
STBZ
2107
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $1.48M | ﹤0.01% |
70,329
+9,240
| +15% | +$201K |
|
2108
Travelers Companies
TRV
$81.1B
| $1.48M | ﹤0.01% |
13,092
-121,020
| -90% | -$13.4M |
|
|
VXZ
2109
DELISTED
iPath S&P 500 VIX Mid-Term Futures ETN due 1/30/2019
VXZ
| $1.48M | ﹤0.01% |
33,141
-24,096
| -42% | -$1.09M |
|
|
RFP
2110
DELISTED
Resolute Forest Products Inc.
RFP
| $1.47M | ﹤0.01% |
193,850
-181,424
| -48% | -$1.48M |
|
2111
MGIC Investment
MTG
$6.47B
| $1.46M | ﹤0.01% |
165,829
-2,426,725
| -94% | -$22.8M |
|
|
EXAC
2112
DELISTED
Exactech Inc
EXAC
| $1.46M | ﹤0.01% |
80,539
+62,934
| +357% | +$1.12M |
|
|
TOWR
2113
DELISTED
Tower International, Inc.
TOWR
| $1.46M | ﹤0.01% |
51,079
-113,200
| -69% | -$3.18M |
|
|
CMO
2114
DELISTED
Capstead Mortgage Corp.
CMO
| $1.46M | ﹤0.01% |
166,604
+61,491
| +58% | +$593K |
|
2115
CALL
Kraft Heinz
KHC
$32.8B
| $1.46M | ﹤0.01% |
+20,000
| New | +$1.48M |
|
2116
NewMarket
NEU
$7.24B
| $1.45M | ﹤0.01% |
3,820
-484
| -11% | -$188K |
|
2117
TriplePoint Venture Growth BDC
TPVG
$184M
| $1.45M | ﹤0.01% |
121,586
-145,465
| -54% | -$1.66M |
|
|
HABT
2118
DELISTED
The Habit Restaurants, Inc. - Class A
HABT
| $1.45M | ﹤0.01% |
62,903
-47,231
| -43% | -$1.12M |
|
|
VIA
2119
DELISTED
Viacom Inc. Class A
VIA
| $1.45M | ﹤0.01% |
+32,943
| New | +$1.61M |
|
2120
Clean Harbors
CLH
$17.2B
| $1.44M | ﹤0.01% |
34,669
-10,300
| -23% | -$448K |
|
|
VRE
2121
DELISTED
Veris Residential
VRE
| $1.44M | ﹤0.01% |
61,781
-528,601
| -90% | -$11.8M |
|
|
XYZ
2122
Block Inc
XYZ
$48.9B
| $1.43M | ﹤0.01% |
+109,000
| New | +$1.34M |
|
2123
Synaptics
SYNA
$4.05B
| $1.42M | ﹤0.01% |
17,694
-187,402
| -91% | -$15.9M |
|
2124
PC Connection
CNXN
$2.09B
| $1.42M | ﹤0.01% |
62,734
+24,793
| +65% | +$542K |
|
2125
Evercore
EVR
$11.8B
| $1.42M | ﹤0.01% |
26,236
-565,510
| -96% | -$30.5M |
|
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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.