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 | |
|---|---|---|---|---|---|---|
|
CHK
601
PUT
DELISTED
Chesapeake Energy Corporation
CHK
| $22.6M | 0.04% |
7,971
+7,753
| +3,556% | +$27.4M |
|
602
PENN Entertainment
PENN
$2.74B
| $22.5M | 0.04% |
1,439,061
+156,479
| +12% | +$2.46M |
|
603
Travere Therapeutics
TVTX
$5.33B
| $22.5M | 0.04% |
+940,402
| New | +$14.3M |
|
|
CBM
604
DELISTED
Cambrex Corporation
CBM
| $22.5M | 0.04% |
566,939
+337,078
| +147% | +$9.97M |
|
605
Masco
MAS
$16B
| $22.5M | 0.04% |
957,237
-214,098
| -18% | -$4.86M |
|
606
iShares Silver Trust
SLV
$28.1B
| $22.5M | 0.04% |
+1,409,615
| New | +$22.6M |
|
607
Compass Minerals
CMP
$1.24B
| $22.5M | 0.04% |
240,879
+47,852
| +25% | +$4.37M |
|
|
SUM
608
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $22.4M | 0.04% |
+1,070,145
| New | +$21.8M |
|
|
RDS.A
609
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $22.4M | 0.04% |
374,789
-226,896
| -38% | -$14.4M |
|
|
TIVO
610
DELISTED
TIVO INC
TIVO
| $22.2M | 0.04% |
2,096,597
+418,994
| +25% | +$4.53M |
|
611
Sunstone Hotel Investors
SHO
$2.19B
| $22.2M | 0.04% |
1,329,201
+714,951
| +116% | +$12.3M |
|
612
Lowe's Companies
LOW
$116B
| $22.1M | 0.04% |
296,509
-1,004,235
| -77% | -$72M |
|
613
Fastenal
FAST
$54B
| $22M | 0.04% |
2,125,960
+2,104,588
| +9,847% | +$22.7M |
|
|
USG
614
DELISTED
Usg
USG
| $22M | 0.04% |
823,977
+620,819
| +306% | +$17.6M |
|
|
WLB
615
DELISTED
Westmoreland Coal Company
WLB
| $22M | 0.04% |
821,939
+85,122
| +12% | +$2.45M |
|
|
HSP
616
DELISTED
HOSPIRA INC
HSP
| $22M | 0.04% |
250,219
-605,905
| -71% | -$47.5M |
|
617
BioCryst Pharmaceuticals
BCRX
$2.37B
| $22M | 0.04% |
2,431,123
+2,340,855
| +2,593% | +$24.2M |
|
618
Diamondrock Hospitality Co
DRH
$2.63B
| $21.9M | 0.04% |
1,546,992
-380,719
| -20% | -$5.58M |
|
|
SFLY
619
DELISTED
Shutterfly, Inc.
SFLY
| $21.7M | 0.04% |
+480,432
| New | +$21.8M |
|
620
W.P. Carey
WPC
$17.1B
| $21.7M | 0.04% |
325,878
+287,564
| +751% | +$19.8M |
|
|
EQC
621
DELISTED
Equity Commonwealth
EQC
| $21.7M | 0.04% |
816,359
-1,500,201
| -65% | -$39.4M |
|
|
AOL
622
DELISTED
AOL INC COMMON STOCK
AOL
| $21.6M | 0.04% |
544,215
+440,585
| +425% | +$18.9M |
|
|
DBD
623
DELISTED
Diebold Nixdorf Incorporated
DBD
| $21.5M | 0.04% |
607,710
+589,060
| +3,158% | +$19.8M |
|
|
DST
624
DELISTED
DST Systems Inc.
DST
| $21.5M | 0.04% |
388,966
-153,388
| -28% | -$7.88M |
|
|
VALE.P
625
DELISTED
Vale S A
VALE.P
| $21.5M | 0.04% |
4,435,315
+1,992,408
| +82% | +$12.6M |
|
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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.