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 | |
|---|---|---|---|---|---|---|
851
Restaurant Brands International
QSR
$25.7B
| $14.1M | 0.03% |
366,368
-631,269
| -63% | -$25.2M |
|
|
ALDR
852
DELISTED
Alder Biopharmaceuticals
ALDR
| $14.1M | 0.03% |
487,290
+471,868
| +3,060% | +$12.9M |
|
|
853
CSX Corp
CSX
$96B
| $14M | 0.03% |
1,271,412
-11,717,235
| -90% | -$135M |
|
|
CQH
854
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $14M | 0.03% |
585,413
+238,911
| +69% | +$5.45M |
|
855
CALL
Cheniere Energy
LNG
$54.6B
| $14M | 0.03% |
181,200
-150,400
| -45% | -$11.2M |
|
|
SCHW
856
Charles Schwab
SCHW
$180B
| $14M | 0.03% |
+459,402
| New | +$13.3M |
|
857
Leidos
LDOS
$14.4B
| $13.9M | 0.03% |
332,231
-467,313
| -58% | -$20.3M |
|
|
PPLI
858
People Inc
PPLI
$3.16B
| $13.9M | 0.03% |
1,149,772
-1,522,516
| -57% | -$17.6M |
|
|
ETP
859
DELISTED
Energy Transfer Partners L.p.
ETP
| $13.9M | 0.03% |
248,548
+178,548
| +255% | +$10.6M |
|
|
IMOS
860
ChipMOS TECHNOLOGIES
IMOS
$1.87B
| $13.8M | 0.03% |
508,198
-19,781
| -4% | -$515K |
|
861
Church & Dwight Co
CHD
$23.5B
| $13.8M | 0.03% |
322,836
-1,426,802
| -82% | -$59.4M |
|
862
Analog Devices
ADI
$177B
| $13.7M | 0.03% |
217,009
+201,309
| +1,282% | +$11.4M |
|
863
Paychex
PAYX
$41.5B
| $13.6M | 0.03% |
274,974
-262,315
| -49% | -$12.7M |
|
|
ACAS
864
DELISTED
American Capital Ltd
ACAS
| $13.6M | 0.03% |
920,215
+839,119
| +1,035% | +$12.3M |
|
865
Boeing
BA
$168B
| $13.6M | 0.03% |
+90,394
| New | +$13.2M |
|
|
ARIA
866
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $13.6M | 0.03% |
1,644,953
+1,502,359
| +1,054% | +$11.1M |
|
867
VanEck Semiconductor ETF
SMH
$64.7B
| $13.5M | 0.03% |
488,358
+416,626
| +581% | +$11.5M |
|
868
SPDR Gold Trust
GLD
$132B
| $13.5M | 0.03% |
118,795
-339,805
| -74% | -$39.7M |
|
869
Cigna
CI
$76.9B
| $13.5M | 0.03% |
104,252
-195,204
| -65% | -$22.7M |
|
870
Cummins
CMI
$89.1B
| $13.3M | 0.02% |
96,237
-21,846
| -19% | -$3.08M |
|
871
Madison Square Garden
MSGS
$9.57B
| $13.3M | 0.02% |
220,085
+10,123
| +5% | +$557K |
|
872
PTC
PTC
$14.4B
| $13.3M | 0.02% |
367,117
-240,158
| -40% | -$8.29M |
|
|
CYNO
873
DELISTED
Cynosure, Inc. Class A
CYNO
| $13.2M | 0.02% |
431,854
+106,106
| +33% | +$3.2M |
|
874
PUT
Invesco QQQ Trust
QQQ
$447B
| $13.2M | 0.02% |
+125,000
| New | +$13.1M |
|
875
Oil States International
OIS
$512M
| $13.2M | 0.02% |
331,790
-278,403
| -46% | -$11.8M |
|
Similar funds
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.