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 | |
|---|---|---|---|---|---|---|
2026
WisdomTree India Earnings Fund ETF
EPI
$2.04B
| $1.74M | ﹤0.01% |
76,505
-49,817
| -39% | -$1.16M |
|
|
ARC
2027
DELISTED
ARC Document Solutions, Inc.
ARC
| $1.73M | ﹤0.01% |
187,759
-30,538
| -14% | -$277K |
|
|
SRDX
2028
DELISTED
Surmodics
SRDX
| $1.73M | ﹤0.01% |
66,501
-24,391
| -27% | -$581K |
|
|
JCP
2029
DELISTED
J.C. Penney Company, Inc.
JCP
| $1.73M | ﹤0.01% |
205,305
+68,138
| +50% | +$531K |
|
2030
HCI Group
HCI
$2.34B
| $1.72M | ﹤0.01% |
37,443
+19,795
| +112% | +$917K |
|
2031
Sanofi
SNY
$107B
| $1.71M | ﹤0.01% |
34,672
-66,960
| -66% | -$3.2M |
|
|
EEP
2032
DELISTED
Enbridge Energy Partners
EEP
| $1.71M | ﹤0.01% |
+47,500
| New | +$1.82M |
|
|
CNV
2033
DELISTED
CNOVA N.V.
CNV
| $1.71M | ﹤0.01% |
271,541
-14,472
| -5% | -$95.3K |
|
2034
CALL
Freeport-McMoran
FCX
$86.2B
| $1.71M | ﹤0.01% |
90,100
+25,100
| +39% | +$496K |
|
|
ITC
2035
DELISTED
ITC HOLDINGS CORP
ITC
| $1.71M | ﹤0.01% |
45,600
-181,095
| -80% | -$7.19M |
|
2036
ICF International
ICFI
$1.5B
| $1.7M | ﹤0.01% |
41,711
+8,864
| +27% | +$355K |
|
2037
First Merchants
FRME
$2.69B
| $1.7M | ﹤0.01% |
72,208
+25,281
| +54% | +$576K |
|
2038
Globalstar
GSAT
$10.1B
| $1.7M | ﹤0.01% |
34,039
-32,860
| -49% | -$1.36M |
|
|
SHOS
2039
DELISTED
Sears Hometown and Outlet Stores, Inc.
SHOS
| $1.7M | ﹤0.01% |
219,797
+1,881
| +0.9% | +$22.4K |
|
2040
iShares Russell 2000 Value ETF
IWN
$14.3B
| $1.69M | ﹤0.01% |
16,382
-65
| -0.4% | -$6.56K |
|
2041
Artivion
AORT
$1.34B
| $1.69M | ﹤0.01% |
162,829
+82,914
| +104% | +$913K |
|
|
EFII
2042
DELISTED
Electronics for Imaging
EFII
| $1.69M | ﹤0.01% |
40,422
-33,502
| -45% | -$1.33M |
|
2043
Morgan Stanley
MS
$319B
| $1.68M | ﹤0.01% |
+47,069
| New | +$1.69M |
|
2044
CALL
Celanese
CE
$4.82B
| $1.68M | ﹤0.01% |
30,000
-41,000
| -58% | -$2.32M |
|
2045
Sinclair Inc
SBGI
$1.02B
| $1.68M | ﹤0.01% |
53,370
-91,190
| -63% | -$2.48M |
|
|
IIP
2046
DELISTED
INTERNAP NETWORK SERVICES CORPORATION
IIP
| $1.67M | ﹤0.01% |
163,439
+87,348
| +115% | +$894K |
|
2047
Modine Manufacturing
MOD
$9.46B
| $1.67M | ﹤0.01% |
124,054
+45,584
| +58% | +$588K |
|
2048
John B. Sanfilippo & Son
JBSS
$986M
| $1.67M | ﹤0.01% |
38,663
+20,313
| +111% | +$786K |
|
2049
Tyler Technologies
TYL
$13.7B
| $1.67M | ﹤0.01% |
13,825
-108,827
| -89% | -$12.5M |
|
|
COWN
2050
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $1.66M | ﹤0.01% |
+79,763
| New | +$1.55M |
|
Similar funds
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.