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 | |
|---|---|---|---|---|---|---|
|
CLC
1551
DELISTED
Clarcor
CLC
| $3.88M | 0.01% |
58,676
-27,164
| -32% | -$1.76M |
|
1552
Empire State Realty Trust
ESRT
$976M
| $3.86M | 0.01% |
205,404
+101,291
| +97% | +$1.84M |
|
1553
Marcus & Millichap
MMI
$1.2B
| $3.86M | 0.01% |
103,081
+55,252
| +116% | +$1.97M |
|
|
LOXO
1554
DELISTED
Loxo Oncology, Inc
LOXO
| $3.85M | 0.01% |
309,516
+273,900
| +769% | +$3.41M |
|
1555
OGE Energy
OGE
$10.2B
| $3.85M | 0.01% |
121,828
-726,387
| -86% | -$24.4M |
|
1556
iShares TIPS Bond ETF
TIP
$14.5B
| $3.85M | 0.01% |
33,883
+21,098
| +165% | +$2.39M |
|
|
ISEE
1557
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $3.85M | 0.01% |
82,638
-25,025
| -23% | -$1.3M |
|
|
HMSY
1558
DELISTED
HMS Holdings Corp.
HMSY
| $3.84M | 0.01% |
248,752
-160,382
| -39% | -$3.01M |
|
|
MTEM
1559
DELISTED
Molecular Templates, Inc.
MTEM
| $3.84M | 0.01% |
5,728
+1,326
| +30% | +$873K |
|
|
INFN
1560
DELISTED
Infinera Corporation Common Stock
INFN
| $3.82M | 0.01% |
194,324
-491,574
| -72% | -$8.26M |
|
|
IRC
1561
DELISTED
INLAND REAL ESTATE CORP
IRC
| $3.82M | 0.01% |
357,525
-494,586
| -58% | -$5.42M |
|
1562
Vulcan Materials
VMC
$37.4B
| $3.82M | 0.01% |
45,327
-20,083
| -31% | -$1.55M |
|
1563
iShares 20+ Year Treasury Bond ETF
TLT
$43.1B
| $3.8M | 0.01% |
29,067
-15,944
| -35% | -$2.08M |
|
|
QLTY
1564
DELISTED
QUALITY DISTR INC FLA
QLTY
| $3.8M | 0.01% |
367,721
-26,115
| -7% | -$263K |
|
|
TACO
1565
DELISTED
Del Taco Restaurants, Inc. Common Stock
TACO
| $3.79M | 0.01% |
288,271
+188,271
| +188% | +$1.97M |
|
1566
Gaming and Leisure Properties
GLPI
$13B
| $3.79M | 0.01% |
102,710
-1,842,941
| -95% | -$62.2M |
|
1567
Usana Health Sciences
USNA
$429M
| $3.78M | 0.01% |
68,106
-83,052
| -55% | -$4.26M |
|
|
BWLD
1568
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $3.78M | 0.01% |
+20,841
| New | +$3.87M |
|
|
NVDQ
1569
DELISTED
Novadaq Technologies Inc.
NVDQ
| $3.77M | 0.01% |
232,356
-122,272
| -34% | -$1.82M |
|
1570
Resources Connection
RGP
$136M
| $3.76M | 0.01% |
214,836
+182,305
| +560% | +$3.14M |
|
1571
Generac Holdings
GNRC
$11.5B
| $3.76M | 0.01% |
+77,188
| New | +$3.68M |
|
1572
iShares S&P 100 ETF
OEF
$19.8B
| $3.76M | 0.01% |
41,625
+11,937
| +40% | +$1.09M |
|
1573
Comfort Systems
FIX
$57.2B
| $3.75M | 0.01% |
178,076
+104,444
| +142% | +$1.86M |
|
1574
Progress Software
PRGS
$1.66B
| $3.74M | 0.01% |
137,527
-81,463
| -37% | -$2.16M |
|
|
DWA
1575
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
| $3.74M | 0.01% |
154,398
-88,672
| -36% | -$1.89M |
|
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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.