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 | |
|---|---|---|---|---|---|---|
|
EGL
2001
DELISTED
Engility Holdings, Inc.
EGL
| $1.8M | ﹤0.01% |
59,953
-56,996
| -49% | -$2.28M |
|
2002
State Street SPDR S&P Pharmaceuticals ETF
XPH
$481M
| $1.8M | ﹤0.01% |
29,134
+19,482
| +202% | +$1.16M |
|
2003
Macerich
MAC
$7.4B
| $1.79M | ﹤0.01% |
21,291
-364,154
| -94% | -$31.9M |
|
2004
Papa John's
PZZA
$1.01B
| $1.79M | ﹤0.01% |
29,033
+688
| +2% | +$42.9K |
|
|
LTXB
2005
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $1.79M | ﹤0.01% |
+78,921
| New | +$1.77M |
|
|
NYRT
2006
DELISTED
New York REIT, Inc.
NYRT
| $1.79M | ﹤0.01% |
17,122
-222,801
| -93% | -$23.3M |
|
2007
iShares MSCI ACWI ETF
ACWI
$32B
| $1.79M | ﹤0.01% |
+29,856
| New | +$1.77M |
|
2008
Amdocs
DOX
$6.03B
| $1.79M | ﹤0.01% |
32,918
-68,808
| -68% | -$3.47M |
|
2009
Oxford Square Capital
OXSQ
$150M
| $1.79M | ﹤0.01% |
258,886
-341,298
| -57% | -$2.52M |
|
2010
Extreme Networks
EXTR
$3.8B
| $1.79M | ﹤0.01% |
565,750
-5,103
| -0.9% | -$16.7K |
|
|
BGG
2011
DELISTED
Briggs & Stratton Corp.
BGG
| $1.78M | ﹤0.01% |
86,696
+51,678
| +148% | +$1.02M |
|
|
UBA
2012
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $1.78M | ﹤0.01% |
77,065
-146,936
| -66% | -$3.38M |
|
2013
Unitil
UTL
$989M
| $1.77M | ﹤0.01% |
51,023
+20,487
| +67% | +$722K |
|
2014
OneSpan
OSPN
$584M
| $1.77M | ﹤0.01% |
82,334
+20,055
| +32% | +$475K |
|
2015
CALL
Opko Health
OPK
$1.02B
| $1.77M | ﹤0.01% |
125,000
+75,000
| +150% | +$976K |
|
2016
Ennis
EBF
$554M
| $1.77M | ﹤0.01% |
125,263
+64,495
| +106% | +$877K |
|
2017
Target
TGT
$66.3B
| $1.77M | ﹤0.01% |
21,560
-120,247
| -85% | -$9.29M |
|
2018
Brown-Forman Class A
BF.A
$13.7B
| $1.77M | ﹤0.01% |
48,640
+23,640
| +95% | +$853K |
|
|
CVRR
2019
DELISTED
CVR Refining, LP
CVRR
| $1.76M | ﹤0.01% |
+85,000
| New | +$1.56M |
|
2020
General Mills
GIS
$20.2B
| $1.76M | ﹤0.01% |
31,100
-337,618
| -92% | -$18M |
|
2021
AMC Entertainment Holdings
AMC
$2.45B
| $1.76M | ﹤0.01% |
4,951
-26,036
| -84% | -$8.12M |
|
2022
Coca-Cola Femsa
KOF
$22.5B
| $1.75M | ﹤0.01% |
21,951
-30,061
| -58% | -$2.52M |
|
2023
Worthington Enterprises
WOR
$2.74B
| $1.75M | ﹤0.01% |
+106,835
| New | +$1.84M |
|
|
CMBT
2024
CMB.TECH NV
CMBT
$4.52B
| $1.75M | ﹤0.01% |
+144,830
| New | +$1.72M |
|
2025
Scorpio Tankers
STNG
$3.91B
| $1.75M | ﹤0.01% |
18,523
+5,169
| +39% | +$450K |
|
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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.