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 | |
|---|---|---|---|---|---|---|
|
SWN
1026
DELISTED
Southwestern Energy Company
SWN
| $9.76M | 0.02% |
420,701
-2,487,828
| -86% | -$61.8M |
|
|
INN
1027
Summit Hotel Properties
INN
$748M
| $9.73M | 0.02% |
691,874
-611,913
| -47% | -$8.14M |
|
|
EXCU
1028
DELISTED
Exelon Corporation
EXCU
| $9.73M | 0.02% |
200,000
| – | – |
|
|
ADPT
1029
DELISTED
Adeptus Health Inc
ADPT
| $9.72M | 0.02% |
193,512
+81,638
| +73% | +$3.23M |
|
|
EXL
1030
DELISTED
EXCEL TRUST , INC COM STK
EXL
| $9.7M | 0.02% |
692,048
-863,040
| -55% | -$12M |
|
|
TOWR
1031
DELISTED
Tower International, Inc.
TOWR
| $9.68M | 0.02% |
363,918
+261,158
| +254% | +$6.57M |
|
|
CCC
1032
DELISTED
Calgon Carbon Corp
CCC
| $9.67M | 0.02% |
458,749
+47,222
| +11% | +$956K |
|
1033
CALL
Oneok
OKE
$56.4B
| $9.65M | 0.02% |
200,000
+80,000
| +67% | +$3.65M |
|
|
FDO
1034
DELISTED
FAMILY DOLLAR STORES
FDO
| $9.64M | 0.02% |
121,708
-61,651
| -34% | -$4.81M |
|
1035
Alto Ingredients
ALTO
$349M
| $9.63M | 0.02% |
892,884
+37,787
| +4% | +$364K |
|
1036
CALL
Range Resources
RRC
$8.85B
| $9.63M | 0.02% |
185,000
-74,500
| -29% | -$3.7M |
|
|
FMI
1037
CALL
DELISTED
Foundation Medicine, Inc.
FMI
| $9.62M | 0.02% |
200,000
+120,000
| +150% | +$5.44M |
|
1038
PUT
Valero Energy
VLO
$90.5B
| $9.54M | 0.02% |
+150,000
| New | +$8.37M |
|
|
LSI
1039
DELISTED
Life Storage, Inc.
LSI
| $9.5M | 0.02% |
151,719
-147,008
| -49% | -$9.13M |
|
|
SC
1040
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $9.48M | 0.02% |
409,902
+63,865
| +18% | +$1.35M |
|
1041
Everest Group
EG
$15.4B
| $9.48M | 0.02% |
54,473
+22,885
| +72% | +$4.02M |
|
1042
Honda
HMC
$37.8B
| $9.47M | 0.02% |
288,940
-784,067
| -73% | -$25.3M |
|
|
PMC
1043
DELISTED
PharMerica Corporation
PMC
| $9.45M | 0.02% |
335,058
-166,193
| -33% | -$4.13M |
|
1044
Werner Enterprises
WERN
$2.42B
| $9.43M | 0.02% |
300,182
+10,226
| +4% | +$316K |
|
|
ELOS
1045
DELISTED
Syneron Medical Ltd
ELOS
| $9.42M | 0.02% |
761,149
+531,241
| +231% | +$5.88M |
|
|
WEB
1046
DELISTED
Web.com Group, Inc.
WEB
| $9.4M | 0.02% |
496,178
+61,942
| +14% | +$1.07M |
|
|
WCN
1047
Waste Connections
WCN
$42.7B
| $9.37M | 0.02% |
291,902
-1,162,605
| -80% | -$35.5M |
|
1048
Synopsys
SNPS
$74.5B
| $9.35M | 0.02% |
201,948
-49,872
| -20% | -$2.23M |
|
|
FINL
1049
DELISTED
Finish Line
FINL
| $9.35M | 0.02% |
381,137
+79,966
| +27% | +$1.92M |
|
1050
Nektar Therapeutics
NKTR
$2.41B
| $9.33M | 0.02% |
56,566
+8,809
| +18% | +$1.81M |
|
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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.