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 | |
|---|---|---|---|---|---|---|
2101
PUT
Synchrony
SYF
$24.4B
| $1.52M | ﹤0.01% |
50,000
| – | – |
|
2102
Brown-Forman Class B
BF.B
$13.5B
| $1.52M | ﹤0.01% |
52,441
-141,906
| -73% | -$4.09M |
|
|
ENZY
2103
DELISTED
Enzymotec Ltd
ENZY
| $1.52M | ﹤0.01% |
210,553
-24,904
| -11% | -$176K |
|
2104
Griffon
GFF
$4.02B
| $1.51M | ﹤0.01% |
86,834
-51,480
| -37% | -$793K |
|
2105
Atlantic Union Bankshares
AUB
$6.05B
| $1.51M | ﹤0.01% |
67,850
+220
| +0.3% | +$4.89K |
|
2106
Forrester Research
FORR
$199M
| $1.51M | ﹤0.01% |
40,975
+18,246
| +80% | +$684K |
|
2107
iShares MBS ETF
MBB
$39.1B
| $1.51M | ﹤0.01% |
13,645
-257
| -2% | -$28.2K |
|
2108
iShares Preferred and Income Securities ETF
PFF
$13.1B
| $1.5M | ﹤0.01% |
37,509
-47,154
| -56% | -$1.88M |
|
|
TEG
2109
DELISTED
INTEGRYS ENERGY GROUP INC COM (USA)
TEG
| $1.5M | ﹤0.01% |
+20,878
| New | +$1.6M |
|
|
BHR
2110
Braemar Hotels & Resorts
BHR
$163M
| $1.5M | ﹤0.01% |
90,493
-25,289
| -22% | -$423K |
|
|
LUMO
2111
DELISTED
Lumos Pharma, Inc. Common Stock
LUMO
| $1.5M | ﹤0.01% |
+3,049
| New | +$1.18M |
|
|
PNY
2112
DELISTED
PIEDMONT NATURAL GAS CO INC(NC
PNY
| $1.5M | ﹤0.01% |
+40,651
| New | +$1.55M |
|
|
XHR
2113
Xenia Hotels & Resorts
XHR
$2.01B
| $1.5M | ﹤0.01% |
+65,912
| New | +$1.43M |
|
2114
Adecoagro
AGRO
$1.4B
| $1.49M | ﹤0.01% |
146,147
+128,683
| +737% | +$1.12M |
|
|
PRO
2115
DELISTED
PROS Holdings
PRO
| $1.49M | ﹤0.01% |
60,399
+24,718
| +69% | +$610K |
|
|
CASC
2116
DELISTED
Cascadian Therapeutics, Inc.
CASC
| $1.49M | ﹤0.01% |
152,080
+22,913
| +18% | +$225K |
|
2117
Principal Financial Group
PFG
$24.3B
| $1.49M | ﹤0.01% |
28,915
-902,957
| -97% | -$45.4M |
|
|
NILE
2118
DELISTED
Blue Nile, Inc.
NILE
| $1.49M | ﹤0.01% |
46,654
-32,876
| -41% | -$1.03M |
|
2119
Murphy Oil
MUR
$5.55B
| $1.48M | ﹤0.01% |
31,844
-15,756
| -33% | -$761K |
|
|
VVUS
2120
DELISTED
Vivus Inc
VVUS
| $1.48M | ﹤0.01% |
60,341
+58,679
| +3,531% | +$1.63M |
|
|
AHRT
2121
AH Realty Trust
AHRT
$536M
| $1.48M | ﹤0.01% |
139,160
+3,489
| +3% | +$36.8K |
|
|
ISLE
2122
DELISTED
Isle of Capri Casinos Inc
ISLE
| $1.48M | ﹤0.01% |
105,389
-408,385
| -79% | -$4.69M |
|
2123
EPAM Systems
EPAM
$5.58B
| $1.47M | ﹤0.01% |
24,054
+11,799
| +96% | +$641K |
|
2124
Telkom Indonesia
TLK
$14.2B
| $1.47M | ﹤0.01% |
67,718
+40,020
| +144% | +$898K |
|
|
DL
2125
DELISTED
China Distance Education Holdings Limited
DL
| $1.47M | ﹤0.01% |
87,672
-28,728
| -25% | -$481K |
|
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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.