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 | |
|---|---|---|---|---|---|---|
2426
Foster
FSTR
$421M
| $766K | ﹤0.01% |
62,410
+35,510
| +132% | +$791K |
|
|
RWT
2427
Redwood Trust
RWT
$588M
| $766K | ﹤0.01% |
+55,340
| New | +$832K |
|
|
PPBI
2428
DELISTED
Pacific Premier Bancorp
PPBI
| $764K | ﹤0.01% |
37,600
-19,202
| -34% | -$365K |
|
2429
CALL
Las Vegas Sands
LVS
$32.2B
| $759K | ﹤0.01% |
+20,000
| New | +$1.01M |
|
|
NJ
2430
DELISTED
NIDEC CP (NIHON KABUSHIKI KAISHA)1 ADS REPTG .25 SH COM STK
NJ
| $759K | ﹤0.01% |
43,795
+8,085
| +23% | +$160K |
|
|
CDTX
2431
DELISTED
Cidara Therapeutics
CDTX
| $757K | ﹤0.01% |
2,975
-2,895
| -49% | -$828K |
|
2432
iShares US Medical Devices ETF
IHI
$3.17B
| $757K | ﹤0.01% |
40,818
+27,048
| +196% | +$544K |
|
2433
Alerian MLP ETF
AMLP
$12.9B
| $755K | ﹤0.01% |
+12,100
| New | +$880K |
|
|
BWP
2434
CALL
DELISTED
Boardwalk Pipeline Partners
BWP
| $752K | ﹤0.01% |
63,900
-150,500
| -70% | -$2.05M |
|
2435
Avis
CAR
$5.47B
| $751K | ﹤0.01% |
17,200
-125,342
| -88% | -$5.44M |
|
|
PRSU
2436
Pursuit Attractions and Hospitality Inc
PRSU
$1.45B
| $749K | ﹤0.01% |
+25,838
| New | +$714K |
|
|
BPMC
2437
DELISTED
Blueprint Medicines
BPMC
| $747K | ﹤0.01% |
35,000
-45,200
| -56% | -$1.25M |
|
2438
Vulcan Materials
VMC
$36.8B
| $747K | ﹤0.01% |
8,375
-15,684
| -65% | -$1.46M |
|
|
CTIC
2439
DELISTED
CTI BioPharma Corp. (DE) Common Stock
CTIC
| $747K | ﹤0.01% |
51,198
-60,573
| -54% | -$1.05M |
|
2440
iShares US Home Construction ETF
ITB
$2.32B
| $745K | ﹤0.01% |
+28,548
| New | +$794K |
|
2441
SPS Commerce
SPSC
$2.55B
| $745K | ﹤0.01% |
21,938
+1,370
| +7% | +$47.8K |
|
2442
Louisiana-Pacific
LPX
$5.14B
| $744K | ﹤0.01% |
52,250
-184,245
| -78% | -$2.92M |
|
2443
Power Integrations
POWI
$3.15B
| $742K | ﹤0.01% |
35,210
-35,660
| -50% | -$714K |
|
2444
Macerich
MAC
$7.4B
| $738K | ﹤0.01% |
9,613
-35,617
| -79% | -$2.76M |
|
|
CIVI
2445
DELISTED
Civitas Solutions, Inc.
CIVI
| $738K | ﹤0.01% |
32,207
-39,439
| -55% | -$942K |
|
2446
CoStar Group
CSGP
$12.2B
| $736K | ﹤0.01% |
42,520
+7,450
| +21% | +$143K |
|
2447
CALL
Cytokinetics
CYTK
$10.6B
| $736K | ﹤0.01% |
110,000
| – | – |
|
2448
Invesco S&P 500 Pure Value ETF
RPV
$1.66B
| $735K | ﹤0.01% |
15,385
+523
| +4% | +$26.8K |
|
|
OCLR
2449
DELISTED
Oclaro Inc.
OCLR
| $733K | ﹤0.01% |
318,667
-513,218
| -62% | -$1.26M |
|
|
ACSF
2450
DELISTED
American Capital Senior Floating, Ltd.
ACSF
| $728K | ﹤0.01% |
65,645
-3,681
| -5% | -$45.9K |
|
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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.