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 | |
|---|---|---|---|---|---|---|
1726
PUT
Chubb
CB
$141B
| $2.91M | 0.01% |
+26,100
| New | +$2.93M |
|
1727
iShares Core US Aggregate Bond ETF
AGG
$138B
| $2.91M | 0.01% |
+26,089
| New | +$2.9M |
|
1728
Entergy
ETR
$52.4B
| $2.9M | 0.01% |
+74,932
| New | +$3.07M |
|
1729
Build-A-Bear
BBW
$443M
| $2.9M | 0.01% |
147,504
+109,249
| +286% | +$2.24M |
|
1730
DXP Enterprises
DXPE
$2.49B
| $2.9M | 0.01% |
65,688
-33,482
| -34% | -$1.49M |
|
1731
Cal-Maine
CALM
$4.42B
| $2.88M | 0.01% |
73,716
-25,110
| -25% | -$928K |
|
1732
Korn Ferry
KFY
$4.26B
| $2.87M | 0.01% |
87,293
-287,922
| -77% | -$8.72M |
|
1733
Innospec
IOSP
$2.12B
| $2.86M | 0.01% |
61,681
+29,259
| +90% | +$1.26M |
|
1734
AMERISAFE
AMSF
$573M
| $2.86M | 0.01% |
61,811
-16,165
| -21% | -$684K |
|
|
EGOV
1735
DELISTED
NIC Inc
EGOV
| $2.85M | 0.01% |
161,123
-185,035
| -53% | -$3.15M |
|
|
RBS.PRP
1736
DELISTED
Royal Bank of Scotland Group Plc (The) ADR representing Pref
RBS.PRP
| $2.84M | 0.01% |
115,508
+55,631
| +93% | +$1.37M |
|
1737
Tesla
TSLA
$1.21T
| $2.83M | 0.01% |
+225,000
| New | +$3.04M |
|
1738
Celestica
CLS
$40.3B
| $2.82M | 0.01% |
254,206
+131,626
| +107% | +$1.52M |
|
1739
Travelers Companies
TRV
$82.9B
| $2.82M | 0.01% |
26,100
+16,200
| +164% | +$1.73M |
|
|
SSE
1740
DELISTED
SEVENTY SEVEN ENERGY INC COM
SSE
| $2.82M | 0.01% |
679,998
+403,459
| +146% | +$1.79M |
|
1741
Orion
OEC
$400M
| $2.82M | 0.01% |
156,646
+134,186
| +597% | +$2.28M |
|
|
CEMP
1742
DELISTED
Cempra, Inc.
CEMP
| $2.81M | 0.01% |
82,000
-106,542
| -57% | -$3.2M |
|
1743
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$289M
| $2.81M | 0.01% |
+67,110
| New | +$2.86M |
|
1744
Exelixis
EXEL
$14.2B
| $2.8M | 0.01% |
1,089,392
-311,856
| -22% | -$724K |
|
1745
EXL Service
EXLS
$4.66B
| $2.8M | 0.01% |
376,085
+135,970
| +57% | +$890K |
|
1746
iShares MSCI Hong Kong ETF
EWH
$1.24B
| $2.79M | 0.01% |
127,465
-872,535
| -87% | -$18.7M |
|
1747
LPL Financial
LPLA
$27.4B
| $2.79M | 0.01% |
+63,705
| New | +$2.82M |
|
1748
Old Dominion Freight Line
ODFL
$47.1B
| $2.79M | 0.01% |
108,417
-239,178
| -69% | -$6.05M |
|
|
MAGN
1749
Magnera Corp
MAGN
$498M
| $2.79M | 0.01% |
7,802
+2,124
| +37% | +$683K |
|
|
RUTH
1750
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $2.78M | 0.01% |
175,131
+105,617
| +152% | +$1.6M |
|
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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.