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 | |
|---|---|---|---|---|---|---|
|
SAGE
1201
DELISTED
Sage Therapeutics
SAGE
| $7.42M | 0.01% |
+147,640
| New | +$6.35M |
|
1202
Acco Brands
ACCO
$381M
| $7.41M | 0.01% |
891,128
-198,503
| -18% | -$1.58M |
|
|
CRRC
1203
DELISTED
COURIER CORP
CRRC
| $7.4M | 0.01% |
302,238
+291,420
| +2,694% | +$6.38M |
|
1204
QuidelOrtho
QDEL
$1.15B
| $7.4M | 0.01% |
274,115
-22,713
| -8% | -$580K |
|
|
ACHN
1205
CALL
DELISTED
Achillion Pharmaceuticals
ACHN
| $7.39M | 0.01% |
750,000
+500,000
| +200% | +$6.24M |
|
|
CPPL
1206
DELISTED
Columbia Pipeline Partners LP
CPPL
| $7.37M | 0.01% |
+266,000
| New | +$7.31M |
|
|
THS
1207
DELISTED
Treehouse Foods
THS
| $7.36M | 0.01% |
86,557
+80,957
| +1,446% | +$6.98M |
|
1208
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
| $7.33M | 0.01% |
59,061
+16,289
| +38% | +$2.01M |
|
1209
PUT
Berkshire Hathaway Class B
BRK.B
$1.07T
| $7.33M | 0.01% |
50,800
+40,800
| +408% | +$6M |
|
1210
Ross Stores
ROST
$78.1B
| $7.28M | 0.01% |
138,120
+102,802
| +291% | +$5.09M |
|
|
GES
1211
DELISTED
Guess Inc
GES
| $7.27M | 0.01% |
391,036
+347,669
| +802% | +$6.56M |
|
1212
Phibro Animal Health
PAHC
$1.43B
| $7.26M | 0.01% |
205,044
+36,052
| +21% | +$1.16M |
|
|
ACGN
1213
DELISTED
Aceragen Inc
ACGN
| $7.25M | 0.01% |
14,393
-4,119
| -22% | -$2.51M |
|
|
AAWW
1214
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $7.25M | 0.01% |
168,482
+145,585
| +636% | +$6.79M |
|
|
VRTV
1215
DELISTED
VERITIV CORPORATION
VRTV
| $7.25M | 0.01% |
164,224
+16,893
| +11% | +$843K |
|
|
RTN
1216
DELISTED
Raytheon Company
RTN
| $7.24M | 0.01% |
66,301
+27,777
| +72% | +$2.99M |
|
|
SBY
1217
DELISTED
Silver Bay Realty Trust Corp.
SBY
| $7.19M | 0.01% |
444,796
+295,935
| +199% | +$4.74M |
|
|
DISCK
1218
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $7.18M | 0.01% |
243,536
-26,349
| -10% | -$796K |
|
|
XXIA
1219
DELISTED
Ixia
XXIA
| $7.17M | 0.01% |
591,514
+538,905
| +1,024% | +$5.98M |
|
|
NCI
1220
DELISTED
Navigant Consulting, Inc.
NCI
| $7.13M | 0.01% |
550,473
+441,629
| +406% | +$6.26M |
|
|
PMCS
1221
DELISTED
P M C SIERRA INC
PMCS
| $7.13M | 0.01% |
768,554
+610,232
| +385% | +$5.62M |
|
|
RAI
1222
DELISTED
Reynolds American Inc
RAI
| $7.13M | 0.01% |
206,926
-419,710
| -67% | -$14.7M |
|
1223
Unisys
UIS
$245M
| $7.11M | 0.01% |
306,520
+267,685
| +689% | +$6.52M |
|
1224
Flowserve
FLS
$9.29B
| $7.11M | 0.01% |
125,840
+6,445
| +5% | +$374K |
|
1225
Pacira BioSciences
PCRX
$1.04B
| $7.1M | 0.01% |
79,909
-89,365
| -53% | -$9.07M |
|
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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.