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 |
American Electric Power
AEP
|
+$300M |
| 2 |
NBL
Noble Energy, Inc.
NBL
|
+$274M |
| 3 |
DTE Energy
DTE
|
+$243M |
| 4 |
Teva Pharmaceuticals
TEVA
|
+$215M |
| 5 |
Ameren
AEE
|
+$214M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$231M |
| 2 |
Dominion Energy
D
|
+$185M |
| 3 |
Hilton Worldwide
HLT
|
+$157M |
| 4 |
Microsoft
MSFT
|
+$155M |
| 5 |
CSX Corp
CSX
|
+$135M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14.75% |
| 2 | Energy | 10.9% |
| 3 | Financials | 8.86% |
| 4 | Consumer Discretionary | 8.57% |
| 5 | Industrials | 8.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EXAC
2801
DELISTED
Exactech Inc
EXAC
| $452K | ﹤0.01% |
17,644
-14,639
| -45% | -$337K |
|
2802
iShares MSCI Australia ETF
EWA
$1.38B
| $451K | ﹤0.01% |
+19,714
| New | +$451K |
|
|
OLP
2803
One Liberty Properties
OLP
$542M
| $451K | ﹤0.01% |
18,474
+1,243
| +7% | +$30.1K |
|
2804
Vicor
VICR
$8.33B
| $451K | ﹤0.01% |
29,644
-9,043
| -23% | -$117K |
|
2805
National Presto Industries
NPK
$870M
| $449K | ﹤0.01% |
+7,078
| New | +$436K |
|
2806
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.2B
| $449K | ﹤0.01% |
5,115
+1,285
| +34% | +$112K |
|
2807
CALL
Universal Health Services
UHS
$10.2B
| $447K | ﹤0.01% |
3,800
-3,000
| -44% | -$332K |
|
2808
Grupo Aeroportuario del Sureste
ASR
$8.16B
| $445K | ﹤0.01% |
3,310
-3,892
| -54% | -$518K |
|
|
SWN
2809
PUT
DELISTED
Southwestern Energy Company
SWN
| $443K | ﹤0.01% |
19,100
+3,000
| +19% | +$74.5K |
|
|
CNH
2810
CNH Industrial
CNH
$13.3B
| $442K | ﹤0.01% |
+62,209
| New | +$428K |
|
|
ITC
2811
PUT
DELISTED
ITC HOLDINGS CORP
ITC
| $442K | ﹤0.01% |
+11,800
| New | +$468K |
|
|
CPL
2812
DELISTED
CPFL Energia S.A.
CPL
| $441K | ﹤0.01% |
36,706
-67,284
| -65% | -$806K |
|
|
KEM
2813
DELISTED
KEMET Corporation
KEM
| $441K | ﹤0.01% |
106,407
-41,488
| -28% | -$172K |
|
|
CDMO
2814
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $437K | ﹤0.01% |
46,220
+32,987
| +249% | +$318K |
|
|
VMW
2815
CALL
DELISTED
VMware, Inc
VMW
| $435K | ﹤0.01% |
5,300
-4,000
| -43% | -$327K |
|
2816
Commerce Bancshares
CBSH
$8.68B
| $434K | ﹤0.01% |
17,550
-2,930
| -14% | -$71.5K |
|
2817
Ionis Pharmaceuticals
IONS
$8.93B
| $433K | ﹤0.01% |
+6,800
| New | +$461K |
|
2818
VanEck Biotech ETF
BBH
$406M
| $432K | ﹤0.01% |
+3,336
| New | +$419K |
|
2819
CALL
M&T Bank
MTB
$36.3B
| $432K | ﹤0.01% |
+3,400
| New | +$412K |
|
2820
Casella Waste Systems
CWST
$5.76B
| $431K | ﹤0.01% |
78,442
-30,757
| -28% | -$133K |
|
2821
Arcos Dorados Holdings
ARCO
$1.74B
| $429K | ﹤0.01% |
89,538
+75,432
| +535% | +$384K |
|
2822
iShares S&P Mid-Cap 400 Value ETF
IJJ
$8.83B
| $428K | ﹤0.01% |
+6,544
| New | +$421K |
|
|
PCBK
2823
DELISTED
Pacific Continental Corp
PCBK
| $428K | ﹤0.01% |
32,380
+8,058
| +33% | +$107K |
|
2824
Ultrapar
UGP
$6.66B
| $427K | ﹤0.01% |
42,282
-2,020
| -5% | -$19.7K |
|
|
CALL
2825
DELISTED
magicJack VocalTec Ltd
CALL
| $427K | ﹤0.01% |
62,452
-114,539
| -65% | -$866K |
|
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Millennium Management's Q1 2015 Portfolio in Review
As of Q1 2015, Millennium Management held 4,613 positions worth $53.7B, up 14% from $47.2B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Millennium Management deployed $5.19B of net new capital in Q1 2015, opening 744 new positions and adding to 1,445 existing holdings. Its largest new stake was DTE Energy: 3,384,348 shares worth $232M.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, up from 14% a quarter earlier, followed by Energy and Financials.
On the sell side, the largest reduction was Pioneer Natural Resource Co., an estimated $231M trimmed.
- Millennium Management's largest Q1 2015 buy was DTE Energy: 3,384,348 shares worth $232M.
- Millennium Management added most to American Electric Power in Q1 2015, an estimated $300M increase.
- Millennium Management's biggest Q1 2015 reduction was Pioneer Natural Resource Co., cutting an estimated $231M.
- Millennium Management fully exited Seadrill Limited Common Stock in Q1 2015, selling an estimated $110M.
- Millennium Management's ten largest holdings make up 11% of its $53.7B portfolio in Q1 2015.
- Millennium Management opened 744 new positions and closed 1,104 in Q1 2015.
- Millennium Management's portfolio value rose 14% quarter-over-quarter to $53.7B.
Based on Millennium Management's 13F filing for Q1 2015, filed 15 May 2015.