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 | |
|---|---|---|---|---|---|---|
526
Sun Communities
SUI
$15B
| $26.2M | 0.05% |
392,644
+389,068
| +10,880% | +$26.1M |
|
527
MasTec
MTZ
$26.7B
| $26.2M | 0.05% |
1,355,628
+1,035,557
| +324% | +$20.7M |
|
|
TXNM
528
TXNM Energy Inc
TXNM
$6.47B
| $26.1M | 0.05% |
893,507
-543,697
| -38% | -$15.8M |
|
|
IDTI
529
DELISTED
Integrated Device Technology I
IDTI
| $25.9M | 0.05% |
1,296,138
+814,965
| +169% | +$16M |
|
530
MGM Resorts International
MGM
$11.7B
| $25.8M | 0.05% |
1,228,693
+17,136
| +1% | +$359K |
|
531
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.42B
| $25.8M | 0.05% |
+125,000
| New | +$24.2M |
|
|
SIAL
532
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $25.7M | 0.05% |
185,899
+165,948
| +832% | +$22.9M |
|
533
Best Buy
BBY
$18B
| $25.6M | 0.05% |
678,304
-11,980
| -2% | -$458K |
|
|
TMX
534
DELISTED
Terminix Global Holdings, Inc.
TMX
| $25.6M | 0.05% |
1,133,593
+1,101,573
| +3,440% | +$23.2M |
|
535
Edgewell Personal Care
EPC
$1.27B
| $25.6M | 0.05% |
250,354
-105,836
| -30% | -$10.5M |
|
|
PCYC
536
CALL
DELISTED
PHARMACYCLICS INC
PCYC
| $25.6M | 0.05% |
+100,000
| New | +$19.3M |
|
|
WBA
537
DELISTED
Walgreens Boots Alliance
WBA
| $25.6M | 0.05% |
302,163
-534,044
| -64% | -$42.5M |
|
538
BWX Technologies
BWXT
$16B
| $25.5M | 0.05% |
1,113,040
+924,539
| +490% | +$19.4M |
|
539
Dick's Sporting Goods
DKS
$18.4B
| $25.5M | 0.05% |
448,103
+436,303
| +3,697% | +$23.9M |
|
540
PUT
Intuitive Surgical
ISRG
$121B
| $25.5M | 0.05% |
+454,500
| New | +$25.7M |
|
541
Honeywell
HON
$77.1B
| $25.5M | 0.05% |
271,707
-86,193
| -24% | -$7.89M |
|
542
Targa Resources
TRGP
$60.4B
| $25.4M | 0.05% |
265,610
-195,079
| -42% | -$18.3M |
|
|
543
CALL
Intuitive Surgical
ISRG
$121B
| $25.4M | 0.05% |
452,700
+422,100
| +1,379% | +$23.9M |
|
|
POT
544
DELISTED
Potash Corp Of Saskatchewan
POT
| $25.4M | 0.05% |
787,293
+553,191
| +236% | +$19.5M |
|
545
Delek US
DK
$3.87B
| $25.4M | 0.05% |
638,154
-19,530
| -3% | -$646K |
|
546
Primerica
PRI
$9.81B
| $25.4M | 0.05% |
498,187
+380,657
| +324% | +$19.8M |
|
|
BHI
547
CALL
DELISTED
Baker Hughes
BHI
| $25.2M | 0.05% |
396,700
-154,300
| -28% | -$9.31M |
|
548
TJX Companies
TJX
$170B
| $25.1M | 0.05% |
715,562
-285,606
| -29% | -$9.72M |
|
|
TIVO
549
DELISTED
Tivo Inc
TIVO
| $25M | 0.05% |
1,375,315
+871,931
| +173% | +$19.5M |
|
550
LXP Industrial Trust
LXP
$3.53B
| $25M | 0.05% |
509,279
+455,619
| +849% | +$24.7M |
|
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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.