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 | |
|---|---|---|---|---|---|---|
|
RCAP
476
DELISTED
RCS CAPITAL CORPORATION CLASS A COM
RCAP
| $28.8M | 0.05% |
2,704,198
+37,113
| +1% | +$396K |
|
|
AEGR
477
DELISTED
Aegerion Pharmaceuticals
AEGR
| $28.7M | 0.05% |
1,096,237
-431,620
| -28% | -$11M |
|
|
TVTY
478
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $28.6M | 0.05% |
1,453,859
+646,961
| +80% | +$13.5M |
|
479
Johnson Controls International
JCI
$87.5B
| $28.6M | 0.05% |
541,742
-239,045
| -31% | -$12.1M |
|
480
AngloGold Ashanti
AU
$40.7B
| $28.6M | 0.05% |
3,060,550
+1,313,057
| +75% | +$14.1M |
|
|
WBC
481
DELISTED
WABCO HOLDINGS INC.
WBC
| $28.5M | 0.05% |
232,113
+130,959
| +129% | +$14.2M |
|
482
Waters Corp
WAT
$36.4B
| $28.5M | 0.05% |
229,185
+116,778
| +104% | +$13.9M |
|
483
ICICI Bank
IBN
$107B
| $28.5M | 0.05% |
+3,022,250
| New | +$31.4M |
|
|
WRI
484
DELISTED
Weingarten Realty Investors
WRI
| $28.3M | 0.05% |
787,469
+223,011
| +40% | +$8.12M |
|
485
First Industrial Realty Trust
FR
$8.81B
| $28.3M | 0.05% |
1,321,887
+913,706
| +224% | +$19.6M |
|
|
PRAH
486
DELISTED
PRA Health Sciences, Inc.
PRAH
| $28.3M | 0.05% |
980,930
+524,750
| +115% | +$14.6M |
|
|
ACOR
487
DELISTED
Acorda Therapeutics
ACOR
| $28.3M | 0.05% |
7,076
+5,665
| +401% | +$25.9M |
|
488
First Horizon
FHN
$12.1B
| $28.2M | 0.05% |
1,974,356
+1,874,457
| +1,876% | +$25.8M |
|
489
Nelnet
NNI
$4.81B
| $28.2M | 0.05% |
596,123
-73,357
| -11% | -$3.38M |
|
490
Prothena Corp
PRTA
$455M
| $28.2M | 0.05% |
738,429
-128,617
| -15% | -$3.3M |
|
|
IOC
491
DELISTED
Interoil Corporation
IOC
| $28.1M | 0.05% |
609,574
+242,620
| +66% | +$10.4M |
|
492
Ametek
AME
$55.7B
| $28.1M | 0.05% |
534,525
+523,810
| +4,889% | +$26.8M |
|
|
TSRO
493
DELISTED
TESARO, Inc.
TSRO
| $28M | 0.05% |
488,034
-289,039
| -37% | -$13.6M |
|
494
Polaris
PII
$4.25B
| $28M | 0.05% |
198,464
+17,600
| +10% | +$2.59M |
|
|
OUTR
495
DELISTED
OUTERWALL INC
OUTR
| $27.9M | 0.05% |
421,375
+125,589
| +42% | +$8.4M |
|
|
SGEN
496
DELISTED
Seagen Inc. Common Stock
SGEN
| $27.8M | 0.05% |
785,805
-14,674
| -2% | -$501K |
|
|
AVOL
497
DELISTED
AVOLON HLDGS LTD SHS (CYM)
AVOL
| $27.6M | 0.05% |
1,296,858
+389,530
| +43% | +$7.83M |
|
498
Televisa
TV
$1.48B
| $27.6M | 0.05% |
835,870
+398,849
| +91% | +$13.4M |
|
499
Verizon
VZ
$198B
| $27.6M | 0.05% |
567,290
+217,882
| +62% | +$10.5M |
|
500
Flotek Industries
FTK
$881M
| $27.5M | 0.05% |
311,436
+31,047
| +11% | +$3.04M |
|
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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.