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 | |
|---|---|---|---|---|---|---|
|
TRIB
1226
Trinity Biotech
TRIB
$6.18M
| $7.09M | 0.01% |
2,455
+366
| +18% | +$1.01M |
|
|
CMCSK
1227
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $7.09M | 0.01% |
126,444
-26,231
| -17% | -$1.47M |
|
1228
Itron
ITRI
$3.76B
| $7.05M | 0.01% |
193,231
+87,353
| +83% | +$3.25M |
|
|
OTIC
1229
DELISTED
Otonomy, Inc.
OTIC
| $7.05M | 0.01% |
199,460
-121,455
| -38% | -$4.15M |
|
1230
Navios Maritime Partners
NMM
$2.21B
| $7.05M | 0.01% |
42,183
+37,166
| +741% | +$6.7M |
|
|
NUAN
1231
DELISTED
Nuance Communications, Inc.
NUAN
| $7.04M | 0.01% |
566,471
-865,287
| -60% | -$10.4M |
|
|
KYTH
1232
DELISTED
KYTHERA BIOPHARMACEUTICALS, INC COM
KYTH
| $7.04M | 0.01% |
+140,345
| New | +$5.89M |
|
1233
MGIC Investment
MTG
$6.34B
| $7.03M | 0.01% |
730,059
+268,869
| +58% | +$2.46M |
|
1234
Hershey
HSY
$36.6B
| $7.02M | 0.01% |
69,597
-449,529
| -87% | -$46.9M |
|
|
RAI
1235
PUT
DELISTED
Reynolds American Inc
RAI
| $7.01M | 0.01% |
203,600
+187,000
| +1,127% | +$6.55M |
|
1236
Vanguard Total Bond Market
BND
$158B
| $7M | 0.01% |
83,981
+80,228
| +2,138% | +$6.67M |
|
1237
Boyd Gaming
BYD
$6.64B
| $7M | 0.01% |
+492,674
| New | +$6.77M |
|
1238
Autohome
ATHM
$2.46B
| $6.99M | 0.01% |
158,954
+19,198
| +14% | +$751K |
|
|
ACRE
1239
Ares Commercial Real Estate
ACRE
$257M
| $6.98M | 0.01% |
631,382
-161,409
| -20% | -$1.91M |
|
1240
American Express
AXP
$226B
| $6.97M | 0.01% |
89,199
-59,708
| -40% | -$4.96M |
|
|
HAWK
1241
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
| $6.97M | 0.01% |
195,998
+186,139
| +1,888% | +$6.61M |
|
|
WSTC
1242
DELISTED
West Corporation
WSTC
| $6.93M | 0.01% |
+205,589
| New | +$6.82M |
|
|
EFOR
1243
Everforth Inc
EFOR
$884M
| $6.91M | 0.01% |
180,134
+101,601
| +129% | +$3.7M |
|
|
FCAM
1244
DELISTED
Fiat Chrysler Automobiles N.V.
FCAM
| $6.91M | 0.01% |
+50,000
| New | +$6.25M |
|
1245
Public Storage
PSA
$60.5B
| $6.88M | 0.01% |
34,885
-202,907
| -85% | -$40.2M |
|
1246
PUT
Cleveland-Cliffs
CLF
$6.99B
| $6.84M | 0.01% |
1,423,100
-1,014,200
| -42% | -$6.53M |
|
1247
Oaktree Specialty Lending
OCSL
$1.04B
| $6.82M | 0.01% |
311,514
-320,970
| -51% | -$7.2M |
|
|
PSB
1248
DELISTED
PS Business Parks, Inc.
PSB
| $6.82M | 0.01% |
82,093
-28,105
| -26% | -$2.32M |
|
|
MENT
1249
DELISTED
Mentor Graphics Corp
MENT
| $6.81M | 0.01% |
283,520
+109,934
| +63% | +$2.57M |
|
1250
PUT
Vale
VALE
$62.9B
| $6.79M | 0.01% |
1,201,700
+1,028,400
| +593% | +$7.46M |
|
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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.