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 | |
|---|---|---|---|---|---|---|
926
AGCO
AGCO
$8.71B
| $11.8M | 0.02% |
247,479
-118,220
| -32% | -$5.54M |
|
927
Murphy USA
MUSA
$11.3B
| $11.8M | 0.02% |
162,383
+142,210
| +705% | +$9.99M |
|
|
SWN
928
CALL
DELISTED
Southwestern Energy Company
SWN
| $11.7M | 0.02% |
506,200
-186,400
| -27% | -$4.63M |
|
|
CVG
929
DELISTED
Convergys
CVG
| $11.7M | 0.02% |
512,615
+43,255
| +9% | +$915K |
|
930
CALL
RTX Corp
RTX
$294B
| $11.7M | 0.02% |
158,900
| – | – |
|
931
Hanmi Financial
HAFC
$942M
| $11.7M | 0.02% |
553,553
+536,708
| +3,186% | +$11M |
|
|
MGLN
932
DELISTED
Magellan Health Services, Inc.
MGLN
| $11.7M | 0.02% |
165,258
+92,545
| +127% | +$5.82M |
|
|
SGMO
933
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $11.7M | 0.02% |
744,537
+447,971
| +151% | +$6.93M |
|
934
Sun Life Financial
SLF
$46B
| $11.7M | 0.02% |
378,463
+289,577
| +326% | +$9.25M |
|
935
CALL
Occidental Petroleum
OXY
$54.6B
| $11.7M | 0.02% |
159,872
-295,202
| -65% | -$22.8M |
|
|
VTSS
936
DELISTED
VITESSE SEMICONDUCTOR CORPORATION COMMON STOCK
VTSS
| $11.7M | 0.02% |
2,193,880
+630,905
| +40% | +$2.66M |
|
|
CTXS
937
DELISTED
Citrix Systems Inc
CTXS
| $11.6M | 0.02% |
228,912
-195,694
| -46% | -$9.64M |
|
938
Group 1 Automotive
GPI
$4.01B
| $11.6M | 0.02% |
134,628
+97,018
| +258% | +$7.98M |
|
|
INVX
939
Innovex International
INVX
$1.85B
| $11.6M | 0.02% |
169,778
-1,010,370
| -86% | -$72.8M |
|
|
PXD
940
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $11.6M | 0.02% |
71,000
-185,500
| -72% | -$28.5M |
|
941
Wabash National
WNC
$538M
| $11.6M | 0.02% |
822,903
+354,990
| +76% | +$4.8M |
|
|
ROSE
942
DELISTED
ROSETTA RESOURCES INC
ROSE
| $11.6M | 0.02% |
679,474
+72,560
| +12% | +$1.39M |
|
943
CALL
MPLX
MPLX
$59.2B
| $11.5M | 0.02% |
157,400
+135,000
| +603% | +$10.3M |
|
944
CALL
Valero Energy
VLO
$90.5B
| $11.5M | 0.02% |
181,200
-70,400
| -28% | -$3.93M |
|
|
ARG
945
DELISTED
Airgas Inc
ARG
| $11.5M | 0.02% |
108,501
-61,806
| -36% | -$7.01M |
|
|
ELNK
946
DELISTED
EarthLink Holdings Corp.
ELNK
| $11.5M | 0.02% |
2,590,450
-106,376
| -4% | -$472K |
|
|
SPPI
947
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $11.4M | 0.02% |
1,880,735
-2,782,520
| -60% | -$18.5M |
|
|
JAH
948
DELISTED
JARDEN CORPORATION
JAH
| $11.3M | 0.02% |
214,225
-21,561
| -9% | -$1.09M |
|
|
RIGP
949
DELISTED
Transocean Partners LLC
RIGP
| $11.3M | 0.02% |
925,103
-643,301
| -41% | -$9.12M |
|
950
Petrobras Class A
PBR.A
$103B
| $11.3M | 0.02% |
1,858,317
-2,481,295
| -57% | -$16.1M |
|
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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.