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 | |
|---|---|---|---|---|---|---|
|
VLP
1476
CALL
DELISTED
Valero Energy Partners LP
VLP
| $4.4M | 0.01% |
91,000
+86,200
| +1,796% | +$4.19M |
|
1477
Teradyne
TER
$50.2B
| $4.4M | 0.01% |
233,354
-125,762
| -35% | -$2.41M |
|
1478
IAMGOLD
IAG
$8.24B
| $4.4M | 0.01% |
2,351,571
+980,432
| +72% | +$2.41M |
|
1479
CALL
Deere & Co
DE
$173B
| $4.38M | 0.01% |
50,000
-10,500
| -17% | -$932K |
|
1480
Mercer International
MERC
$45.6M
| $4.38M | 0.01% |
285,423
+134,345
| +89% | +$1.81M |
|
1481
Harmonic Inc
HLIT
$1.2B
| $4.38M | 0.01% |
590,670
+494,908
| +517% | +$3.68M |
|
|
KNL
1482
DELISTED
Knoll, Inc.
KNL
| $4.38M | 0.01% |
186,808
+90,946
| +95% | +$1.89M |
|
|
REGI
1483
DELISTED
Renewable Energy Group, Inc.
REGI
| $4.37M | 0.01% |
473,872
-609,550
| -56% | -$5.56M |
|
1484
Mercury Systems
MRCY
$5.97B
| $4.36M | 0.01% |
280,151
+174,298
| +165% | +$2.75M |
|
|
HA
1485
DELISTED
Hawaiian Holdings, Inc.
HA
| $4.35M | 0.01% |
197,443
+24,149
| +14% | +$515K |
|
|
CHU
1486
DELISTED
China Unicom (HONG KONG) Limited
CHU
| $4.35M | 0.01% |
284,845
-49,383
| -15% | -$767K |
|
1487
Sanmina
SANM
$9.24B
| $4.34M | 0.01% |
179,518
-541,721
| -75% | -$12.4M |
|
|
HTS
1488
DELISTED
HATTERAS FINANCIAL CORP
HTS
| $4.34M | 0.01% |
238,935
+118,128
| +98% | +$2.15M |
|
1489
State Street Materials Select Sector SPDR ETF
XLB
$8.82B
| $4.33M | 0.01% |
177,574
+165,386
| +1,357% | +$4.09M |
|
1490
Paycom
PAYC
$7.54B
| $4.31M | 0.01% |
+134,569
| New | +$3.99M |
|
1491
Galicia Financial Group
GGAL
$7.9B
| $4.3M | 0.01% |
+185,597
| New | +$3.66M |
|
1492
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.06B
| $4.28M | 0.01% |
+36,367
| New | +$4.27M |
|
1493
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $4.28M | 0.01% |
47,200
+11,821
| +33% | +$1.07M |
|
|
FWP
1494
DELISTED
Forward Pharma A/S American Depositary Shares
FWP
| $4.27M | 0.01% |
+21,520
| New | +$3.49M |
|
|
ARMH
1495
DELISTED
ARM HOLDINGS PLC ADS
ARMH
| $4.26M | 0.01% |
+86,360
| New | +$4.3M |
|
|
DEG
1496
DELISTED
ETABLISSEMENT DELHZ ADS 4 ADS REPTGS 1 ORD SHS
DEG
| $4.25M | 0.01% |
189,973
+89,316
| +89% | +$1.9M |
|
|
AEC
1497
DELISTED
ASSOCIATED ESTATES REALTY CORP
AEC
| $4.25M | 0.01% |
172,103
+6,960
| +4% | +$171K |
|
|
AEGN
1498
DELISTED
Aegion Corp
AEGN
| $4.24M | 0.01% |
234,845
+223,376
| +1,948% | +$3.82M |
|
|
AYR
1499
DELISTED
Aircastle Ltd
AYR
| $4.23M | 0.01% |
188,479
+176,455
| +1,468% | +$3.84M |
|
|
ADVM
1500
DELISTED
Adverum Biotechnologies
ADVM
| $4.23M | 0.01% |
10,436
-974
| -9% | -$412K |
|
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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.