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 | |
|---|---|---|---|---|---|---|
|
WCC
726
WESCO International
WCC
$16.2B
| $17.6M | 0.03% |
252,280
-30,692
| -11% | -$2.12M |
|
727
Open Text
OTEX
$5.43B
| $17.6M | 0.03% |
665,616
+495,578
| +291% | +$14.2M |
|
|
OREX
728
DELISTED
Orexigen Therapeutics, Inc.
OREX
| $17.6M | 0.03% |
224,770
+130,217
| +138% | +$8.08M |
|
|
AERI
729
DELISTED
Aerie Pharmaceuticals
AERI
| $17.5M | 0.03% |
559,341
+422,949
| +310% | +$12.3M |
|
|
TCO
730
DELISTED
Taubman Centers Inc.
TCO
| $17.5M | 0.03% |
226,808
+147,899
| +187% | +$11.7M |
|
|
LBMH
731
DELISTED
LIBERATOR MED HLDGS INC (NY)
LBMH
| $17.4M | 0.03% |
4,963,800
-1,266,200
| -20% | -$4.32M |
|
732
Pilgrim's Pride
PPC
$6.82B
| $17.4M | 0.03% |
768,618
+735,504
| +2,221% | +$20.9M |
|
733
Saia
SAIA
$11.3B
| $17.4M | 0.03% |
391,884
+200,047
| +104% | +$9.22M |
|
|
ECHO
734
EchoStar
ECHO
$25.5B
| $17.4M | 0.03% |
414,137
-117,501
| -22% | -$5M |
|
|
RVBD
735
DELISTED
RIVERBED TECHNOLOGY, INC COM
RVBD
| $17.3M | 0.03% |
829,311
+396,061
| +91% | +$8.23M |
|
|
HR
736
DELISTED
Healthcare Realty Trust Incorporated
HR
| $17.3M | 0.03% |
623,665
-37,230
| -6% | -$1.06M |
|
737
Telephone and Data Systems
TDS
$3.91B
| $17.3M | 0.03% |
693,648
+142,532
| +26% | +$3.56M |
|
738
MetLife
MET
$61B
| $17.3M | 0.03% |
383,327
+37,648
| +11% | +$1.69M |
|
|
ARGO
739
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $17.3M | 0.03% |
435,188
+86,887
| +25% | +$3.38M |
|
|
CSGS
740
DELISTED
CSG Systems International
CSGS
| $17.2M | 0.03% |
565,551
+402,221
| +246% | +$11.3M |
|
|
CST
741
DELISTED
CST Brands, Inc.
CST
| $17.2M | 0.03% |
391,736
-206,315
| -34% | -$8.96M |
|
742
TransDigm Group
TDG
$69.2B
| $17.2M | 0.03% |
78,457
+76,171
| +3,332% | +$16M |
|
743
Halliburton
HAL
$27.9B
| $17.2M | 0.03% |
390,932
+24,467
| +7% | +$1.02M |
|
|
SGI
744
Somnigroup International
SGI
$15.1B
| $17.1M | 0.03% |
1,186,568
+998,076
| +530% | +$13.8M |
|
|
IHS
745
DELISTED
IHS INC CL-A COM STK
IHS
| $17M | 0.03% |
149,858
-142,983
| -49% | -$16.5M |
|
746
Idexx Laboratories
IDXX
$42.9B
| $17M | 0.03% |
220,310
-203,880
| -48% | -$15.9M |
|
747
Suncor Energy
SU
$77.7B
| $17M | 0.03% |
581,755
+555,955
| +2,155% | +$16.5M |
|
|
CLNY
748
DELISTED
Colony Capital, Inc.
CLNY
| $17M | 0.03% |
655,445
-705,894
| -52% | -$17.7M |
|
749
LiveRamp
RAMP
$2.29B
| $17M | 0.03% |
917,093
+237,083
| +35% | +$4.55M |
|
750
AtriCure
ATRC
$1.77B
| $16.9M | 0.03% |
826,952
+5,838
| +0.7% | +$113K |
|
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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.