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 | |
|---|---|---|---|---|---|---|
1826
JPMorgan Chase
JPM
$927B
| $2.42M | ﹤0.01% |
40,000
+31,400
| +365% | +$1.86M |
|
|
SFR
1827
DELISTED
Starwood Waypoint Homes
SFR
| $2.42M | ﹤0.01% |
93,450
-1,127,523
| -92% | -$28.5M |
|
|
CXP
1828
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $2.41M | ﹤0.01% |
89,324
-456,180
| -84% | -$11.7M |
|
1829
WSFS Financial
WSFS
$4.17B
| $2.41M | ﹤0.01% |
95,643
-9,675
| -9% | -$247K |
|
1830
CALL
Cheniere Energy
CQP
$32B
| $2.4M | ﹤0.01% |
80,200
+34,100
| +74% | +$1.05M |
|
1831
Genpact
G
$6.25B
| $2.4M | ﹤0.01% |
103,251
-133,177
| -56% | -$2.87M |
|
1832
Ambev
ABEV
$48.2B
| $2.4M | ﹤0.01% |
416,486
+365,870
| +723% | +$2.27M |
|
|
OWW
1833
DELISTED
ORBITZ WORLDWIDE, INC
OWW
| $2.4M | ﹤0.01% |
205,500
-888,416
| -81% | -$9.39M |
|
|
MN
1834
DELISTED
MANNING & NAPIER, INC.
MN
| $2.39M | ﹤0.01% |
183,834
+23,337
| +15% | +$282K |
|
|
ABCO
1835
DELISTED
Advisory Board Co
ABCO
| $2.39M | ﹤0.01% |
44,897
+5,105
| +13% | +$260K |
|
|
PDCO
1836
DELISTED
Patterson Companies, Inc.
PDCO
| $2.39M | ﹤0.01% |
48,999
+39,769
| +431% | +$1.98M |
|
1837
3D Systems Corp
DDD
$399M
| $2.39M | ﹤0.01% |
87,003
+72,803
| +513% | +$2.14M |
|
|
RATE
1838
DELISTED
Bankrate Inc
RATE
| $2.38M | ﹤0.01% |
+210,186
| New | +$2.61M |
|
|
ECHO
1839
DELISTED
Echo Global Logistics, Inc.
ECHO
| $2.38M | ﹤0.01% |
+87,290
| New | +$2.38M |
|
|
VXZ
1840
DELISTED
iPath S&P 500 VIX Mid-Term Futures ETN due 1/30/2019
VXZ
| $2.38M | ﹤0.01% |
+47,332
| New | +$2.47M |
|
|
EIGR
1841
CALL
DELISTED
Eiger BioPharmaceuticals, Inc.
EIGR
| $2.38M | ﹤0.01% |
+279
| New | +$2.44M |
|
|
GWPH
1842
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $2.37M | ﹤0.01% |
26,020
+16,020
| +160% | +$1.3M |
|
|
BMS
1843
CALL
DELISTED
Bemis
BMS
| $2.37M | ﹤0.01% |
+51,200
| New | +$2.38M |
|
|
PQUE
1844
DELISTED
PETROQUEST ENERGY INC (DE)
PQUE
| $2.37M | ﹤0.01% |
1,030,910
-1,813,661
| -64% | -$4.17M |
|
1845
FormFactor
FORM
$6.53B
| $2.36M | ﹤0.01% |
266,492
-33,018
| -11% | -$287K |
|
1846
New York Times
NYT
$12.3B
| $2.36M | ﹤0.01% |
171,685
+155,185
| +941% | +$2.08M |
|
|
PFPT
1847
DELISTED
Proofpoint, Inc.
PFPT
| $2.36M | ﹤0.01% |
39,814
-103,893
| -72% | -$5.59M |
|
|
IPCC
1848
DELISTED
Infinity Property & Casualty C
IPCC
| $2.36M | ﹤0.01% |
28,719
-50,007
| -64% | -$3.82M |
|
1849
WisdomTree Japan Hedged Equity Fund
DXJ
$7.07B
| $2.35M | ﹤0.01% |
42,630
+38,130
| +847% | +$1.99M |
|
|
GNCA
1850
DELISTED
Genocea Biosciences, Inc.
GNCA
| $2.35M | ﹤0.01% |
+24,762
| New | +$1.75M |
|
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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.