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 | |
|---|---|---|---|---|---|---|
|
BIN
751
DELISTED
PROGRESSIVE WASTE SOLUTIONS LTD COM
BIN
| $16.9M | 0.03% |
576,188
+248,064
| +76% | +$7.21M |
|
752
Carnival Corporation Ltd
CCL
$36.1B
| $16.8M | 0.03% |
351,680
-782,839
| -69% | -$35.2M |
|
|
EIGR
753
DELISTED
Eiger BioPharmaceuticals, Inc.
EIGR
| $16.8M | 0.03% |
1,971
+1,874
| +1,932% | +$16.4M |
|
|
IPXL
754
DELISTED
Impax Laboratories, Inc.
IPXL
| $16.7M | 0.03% |
357,326
-47,270
| -12% | -$1.88M |
|
|
ANN
755
DELISTED
ANN INC
ANN
| $16.7M | 0.03% |
407,711
+157,113
| +63% | +$5.75M |
|
|
CYBX
756
DELISTED
CYBERONICS INC
CYBX
| $16.7M | 0.03% |
256,877
-132,310
| -34% | -$8.06M |
|
757
Acadia Pharmaceuticals
ACAD
$4.25B
| $16.7M | 0.03% |
511,522
+467,412
| +1,060% | +$16.1M |
|
|
GIMO
758
DELISTED
Gigamon Inc.
GIMO
| $16.6M | 0.03% |
779,716
+413,531
| +113% | +$8M |
|
759
Assurant
AIZ
$13.7B
| $16.5M | 0.03% |
269,346
+43,428
| +19% | +$2.75M |
|
|
760
Dominion Energy
D
$62.5B
| $16.5M | 0.03% |
233,405
-2,494,587
| -91% | -$185M |
|
761
WisdomTree Europe Hedged Equity Fund
HEDJ
$1.82B
| $16.5M | 0.03% |
500,000
+487,164
| +3,795% | +$15.1M |
|
|
BAS
762
DELISTED
Basis Energy Services, Inc.
BAS
| $16.5M | 0.03% |
4,182
+2,740
| +190% | +$10.3M |
|
|
IVC
763
DELISTED
Invacare Corporation
IVC
| $16.4M | 0.03% |
847,486
+154,920
| +22% | +$2.68M |
|
764
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.58B
| $16.4M | 0.03% |
79,459
+66,041
| +492% | +$12.8M |
|
|
TTM
765
DELISTED
Tata Motors Limited
TTM
| $16.4M | 0.03% |
364,160
+40,078
| +12% | +$1.89M |
|
766
Douglas Emmett
DEI
$2.06B
| $16.4M | 0.03% |
550,213
+96,283
| +21% | +$2.8M |
|
767
Cadence Design Systems
CDNS
$90B
| $16.4M | 0.03% |
889,414
+849,014
| +2,102% | +$15.5M |
|
768
Vail Resorts
MTN
$5.19B
| $16.4M | 0.03% |
158,414
+141,624
| +844% | +$12.8M |
|
769
Cathay General Bancorp
CATY
$4.2B
| $16.3M | 0.03% |
574,414
-309,904
| -35% | -$7.99M |
|
770
BJ's Restaurants
BJRI
$1.41B
| $16.3M | 0.03% |
323,441
+227,022
| +235% | +$11.2M |
|
771
OraSure Technologies
OSUR
$273M
| $16.3M | 0.03% |
2,491,979
+1,801,164
| +261% | +$15M |
|
|
BBG
772
DELISTED
Bill Barrett Corp
BBG
| $16.3M | 0.03% |
1,962,837
+1,380,884
| +237% | +$14.1M |
|
773
Rexford Industrial Realty
REXR
$8.7B
| $16.2M | 0.03% |
1,027,496
+471,019
| +85% | +$7.54M |
|
|
VMW
774
DELISTED
VMware, Inc
VMW
| $16.2M | 0.03% |
198,006
-132,768
| -40% | -$10.9M |
|
|
RTI
775
DELISTED
RTI INTL METALS INC(HLDG CO)
RTI
| $16.2M | 0.03% |
451,466
+443,381
| +5,484% | +$12.4M |
|
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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.