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 | |
|---|---|---|---|---|---|---|
1851
National Fuel Gas
NFG
$7.76B
| $2.35M | ﹤0.01% |
38,910
-40,146
| -51% | -$2.58M |
|
1852
Harmony Gold Mining
HMY
$9.57B
| $2.34M | ﹤0.01% |
1,345,944
+181,680
| +16% | +$439K |
|
1853
Jefferies Financial Group
JEF
$12.7B
| $2.34M | ﹤0.01% |
117,235
-59,387
| -34% | -$1.23M |
|
|
IBTX
1854
DELISTED
Independent Bank Group, Inc.
IBTX
| $2.34M | ﹤0.01% |
60,093
+30,660
| +104% | +$1.09M |
|
|
CZZ
1855
DELISTED
Cosan Limited
CZZ
| $2.33M | ﹤0.01% |
368,929
+163,189
| +79% | +$1.16M |
|
1856
CALL
Invesco DB US Dollar Index Bullish Fund
UUP
$426M
| $2.33M | ﹤0.01% |
+90,000
| New | +$2.27M |
|
1857
CALL
Golar LNG
GLNG
$4.93B
| $2.33M | ﹤0.01% |
70,000
-35,000
| -33% | -$1.12M |
|
|
CIVI
1858
DELISTED
Civitas Solutions, Inc.
CIVI
| $2.33M | ﹤0.01% |
111,273
-30,425
| -21% | -$583K |
|
1859
Diodes
DIOD
$3.47B
| $2.32M | ﹤0.01% |
81,350
-103,075
| -56% | -$2.88M |
|
|
CLD
1860
PUT
DELISTED
Cloud Peak Energy Inc
CLD
| $2.32M | ﹤0.01% |
398,900
-155,100
| -28% | -$1.14M |
|
1861
WesBanco
WSBC
$4.03B
| $2.32M | ﹤0.01% |
71,143
+57,009
| +403% | +$1.85M |
|
|
ILG
1862
DELISTED
ILG, Inc Common Stock
ILG
| $2.32M | ﹤0.01% |
88,421
-391,404
| -82% | -$9.65M |
|
1863
Outfront Media
OUT
$5.76B
| $2.31M | ﹤0.01% |
78,598
-356,961
| -82% | -$10.1M |
|
1864
Cavco Industries
CVCO
$4.4B
| $2.31M | ﹤0.01% |
30,729
+15,883
| +107% | +$1.18M |
|
1865
NetEase
NTES
$82.8B
| $2.3M | ﹤0.01% |
109,005
+10,005
| +10% | +$212K |
|
1866
Capitol Federal Financial
CFFN
$1.09B
| $2.29M | ﹤0.01% |
183,592
+93,419
| +104% | +$1.17M |
|
1867
Vanguard Total International Bond ETF
BNDX
$82.1B
| $2.28M | ﹤0.01% |
42,183
+11,180
| +36% | +$601K |
|
|
HTWR
1868
PUT
DELISTED
HEARTWARE INTERNATIONAL INC COM STK (DE)
HTWR
| $2.28M | ﹤0.01% |
+26,000
| New | +$2.21M |
|
1869
CALL
SPDR Gold Trust
GLD
$130B
| $2.27M | ﹤0.01% |
+20,000
| New | +$2.34M |
|
1870
State Street SPDR S&P Homebuilders ETF
XHB
$1.62B
| $2.27M | ﹤0.01% |
61,589
+32,104
| +109% | +$1.13M |
|
|
CKP
1871
DELISTED
CHECKPOINT SYSTEMS INC
CKP
| $2.27M | ﹤0.01% |
209,454
+82,110
| +64% | +$1.04M |
|
|
VSTO
1872
DELISTED
Vista Outdoor Inc.
VSTO
| $2.26M | ﹤0.01% |
+52,816
| New | +$2.24M |
|
1873
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.7B
| $2.26M | ﹤0.01% |
28,168
+21,217
| +305% | +$1.7M |
|
1874
Penske Automotive Group
PAG
$14.6B
| $2.25M | ﹤0.01% |
43,733
-212,508
| -83% | -$10.5M |
|
|
TVRD
1875
Tvardi Therapeutics
TVRD
$22.5M
| $2.25M | ﹤0.01% |
6,222
+5,227
| +525% | +$1.98M |
|
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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.