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 | |
|---|---|---|---|---|---|---|
|
TEN
1976
Tsakos Energy Navigation Ltd
TEN
$1.19B
| $1.9M | ﹤0.01% |
46,561
+37,591
| +419% | +$1.4M |
|
1977
OFG Bancorp
OFG
$2.21B
| $1.9M | ﹤0.01% |
116,293
+84,945
| +271% | +$1.42M |
|
1978
Aaon
AAON
$6.95B
| $1.9M | ﹤0.01% |
115,853
+64,032
| +124% | +$967K |
|
1979
Noodles & Co
NDLS
$95.1M
| $1.89M | ﹤0.01% |
+13,554
| New | +$2.44M |
|
1980
CALL
iShares MSCI Brazil ETF
EWZ
$8.98B
| $1.88M | ﹤0.01% |
+60,000
| New | +$2.04M |
|
|
TSS
1981
DELISTED
Total System Services, Inc.
TSS
| $1.88M | ﹤0.01% |
+49,255
| New | +$1.8M |
|
1982
iShares MSCI Mexico ETF
EWW
$1.89B
| $1.87M | ﹤0.01% |
+32,291
| New | +$1.88M |
|
|
HTLF
1983
DELISTED
Heartland Financial USA, Inc.
HTLF
| $1.86M | ﹤0.01% |
+56,988
| New | +$1.69M |
|
|
RBY
1984
DELISTED
RUBICON MENERALS CORP (F)
RBY
| $1.86M | ﹤0.01% |
1,957,059
+250,700
| +15% | +$271K |
|
1985
CALL
Keysight
KEYS
$50.7B
| $1.86M | ﹤0.01% |
+50,000
| New | +$1.8M |
|
1986
eHealth
EHTH
$41.9M
| $1.85M | ﹤0.01% |
197,618
+161,082
| +441% | +$1.92M |
|
1987
Herbalife
HLF
$1.3B
| $1.85M | ﹤0.01% |
86,700
-480,920
| -85% | -$8.21M |
|
|
EBSB
1988
DELISTED
Meridian Bancorp, Inc.
EBSB
| $1.85M | ﹤0.01% |
140,656
-57,735
| -29% | -$703K |
|
|
CALY
1989
Callaway Golf Company
CALY
$3.28B
| $1.85M | ﹤0.01% |
193,711
-85,781
| -31% | -$729K |
|
|
FNBC
1990
DELISTED
First NBC Bank Holding Company
FNBC
| $1.85M | ﹤0.01% |
55,962
+20,099
| +56% | +$661K |
|
1991
FreightCar America
RAIL
$263M
| $1.83M | ﹤0.01% |
58,230
+42,346
| +267% | +$1.18M |
|
|
X
1992
PUT
DELISTED
US Steel
X
| $1.83M | ﹤0.01% |
+75,000
| New | +$1.78M |
|
1993
CALL
Conagra Brands
CAG
$7.42B
| $1.83M | ﹤0.01% |
+64,250
| New | +$1.77M |
|
|
NVCN
1994
DELISTED
Neovasc Inc.
NVCN
| $1.83M | ﹤0.01% |
+8
| New | +$1.75M |
|
|
AFAM
1995
DELISTED
Almost Family Inc
AFAM
| $1.82M | ﹤0.01% |
40,759
+23,359
| +134% | +$782K |
|
1996
CorVel
CRVL
$3.18B
| $1.81M | ﹤0.01% |
157,884
+12,411
| +9% | +$145K |
|
|
TCP
1997
CALL
DELISTED
TC Pipelines LP
TCP
| $1.81M | ﹤0.01% |
27,800
+15,300
| +122% | +$1M |
|
|
EVRI
1998
DELISTED
Everi Holdings
EVRI
| $1.81M | ﹤0.01% |
237,243
-172,246
| -42% | -$1.23M |
|
1999
Albany International
AIN
$2.09B
| $1.81M | ﹤0.01% |
45,467
+6,052
| +15% | +$226K |
|
|
OME
2000
DELISTED
Omega Protein
OME
| $1.81M | ﹤0.01% |
131,899
+59,581
| +82% | +$687K |
|
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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.