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 | |
|---|---|---|---|---|---|---|
826
Stryker
SYK
$129B
| $14.9M | 0.03% |
162,064
+154,764
| +2,120% | +$14.4M |
|
827
Arrowhead Research
ARWR
$12.3B
| $14.9M | 0.03% |
2,205,357
+1,337,982
| +154% | +$9.49M |
|
|
ORIG
828
DELISTED
Ocean Rig UDW Inc. Class A Common Shares
ORIG
| $14.9M | 0.03% |
246
+7
| +3% | +$502K |
|
|
AGN
829
CALL
DELISTED
Allergan plc
AGN
| $14.9M | 0.03% |
50,000
+10,000
| +25% | +$2.85M |
|
830
Vanda Pharmaceuticals
VNDA
$318M
| $14.9M | 0.03% |
1,599,162
+786,392
| +97% | +$8.89M |
|
831
Annaly Capital Management
NLY
$17B
| $14.9M | 0.03% |
357,417
+136,990
| +62% | +$5.83M |
|
|
WAGE
832
DELISTED
WageWorks, Inc.
WAGE
| $14.8M | 0.03% |
+277,183
| New | +$15.8M |
|
|
SLCA
833
PUT
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $14.8M | 0.03% |
414,900
+137,900
| +50% | +$4.03M |
|
|
UFS
834
DELISTED
DOMTAR CORPORATION (New)
UFS
| $14.8M | 0.03% |
319,390
+145,792
| +84% | +$6.14M |
|
835
Lincoln Electric
LECO
$13.8B
| $14.8M | 0.03% |
225,605
+5,843
| +3% | +$396K |
|
836
MDU Resources
MDU
$4.41B
| $14.7M | 0.03% |
1,816,648
+344,964
| +23% | +$2.93M |
|
|
GOLD
837
DELISTED
Randgold Resources Ltd
GOLD
| $14.7M | 0.03% |
214,123
+130,946
| +157% | +$9.84M |
|
838
CALL
Eli Lilly
LLY
$1.07T
| $14.5M | 0.03% |
+200,000
| New | +$14.2M |
|
839
CALL
Blackstone
BX
$106B
| $14.5M | 0.03% |
379,476
-20,991
| -5% | -$759K |
|
|
SWC
840
DELISTED
Stillwater Mining Co
SWC
| $14.5M | 0.03% |
1,119,607
+449,717
| +67% | +$6.23M |
|
|
HPTX
841
DELISTED
HYPERION THERAPEUTICS INC COM STK (DE)
HPTX
| $14.5M | 0.03% |
315,094
-115,737
| -27% | -$3.46M |
|
|
ETFC
842
DELISTED
E*Trade Financial Corporation
ETFC
| $14.4M | 0.03% |
504,070
+73,426
| +17% | +$1.87M |
|
|
PNRA
843
DELISTED
Panera Bread Co
PNRA
| $14.4M | 0.03% |
89,895
+82,390
| +1,098% | +$13.7M |
|
|
CBD
844
DELISTED
Companhia Brasileira de Distribuicao
CBD
| $14.3M | 0.03% |
480,363
+210,886
| +78% | +$6.91M |
|
845
BP
BP
$110B
| $14.3M | 0.03% |
440,979
-797,470
| -64% | -$26.1M |
|
|
VVC
846
DELISTED
Vectren Corporation
VVC
| $14.2M | 0.03% |
322,001
+104,347
| +48% | +$4.77M |
|
847
Automatic Data Processing
ADP
$102B
| $14.2M | 0.03% |
+165,468
| New | +$14.2M |
|
|
SEM
848
DELISTED
Select Medical
SEM
| $14.1M | 0.03% |
1,768,304
+579,777
| +49% | +$4.33M |
|
|
ITG
849
DELISTED
Investment Technology Group Inc
ITG
| $14.1M | 0.03% |
465,584
+366,769
| +371% | +$8.43M |
|
850
UGI
UGI
$7.96B
| $14.1M | 0.03% |
+432,538
| New | +$15.2M |
|
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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.