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 | |
|---|---|---|---|---|---|---|
2176
iShares Russell 1000 Growth ETF
IWF
$117B
| $1.34M | ﹤0.01% |
54,380
-33,948
| -38% | -$829K |
|
2177
Deluxe
DLX
$1.25B
| $1.34M | ﹤0.01% |
19,402
-21,169
| -52% | -$1.38M |
|
|
ACH
2178
Accendra Health
ACH
$254M
| $1.34M | ﹤0.01% |
39,649
-105,690
| -73% | -$3.68M |
|
2179
Ziff Davis
ZD
$2B
| $1.33M | ﹤0.01% |
+23,320
| New | +$1.3M |
|
|
PNK
2180
DELISTED
Pinnacle Entertainment Inc.
PNK
| $1.33M | ﹤0.01% |
36,830
-1,045,737
| -97% | -$28M |
|
|
EPZM
2181
DELISTED
Epizyme, Inc
EPZM
| $1.32M | ﹤0.01% |
70,180
-164,460
| -70% | -$3.4M |
|
|
LADR
2182
Ladder Capital
LADR
$1.24B
| $1.32M | ﹤0.01% |
88,650
+43,239
| +95% | +$648K |
|
2183
CarMax
KMX
$8.39B
| $1.31M | ﹤0.01% |
+19,062
| New | +$1.24M |
|
|
ADAM
2184
Adamas Trust
ADAM
$777M
| $1.31M | ﹤0.01% |
+42,269
| New | +$1.32M |
|
2185
Liquidity Services
LQDT
$1.2B
| $1.31M | ﹤0.01% |
132,721
+76,383
| +136% | +$687K |
|
2186
Q2 Holdings
QTWO
$3.78B
| $1.31M | ﹤0.01% |
+61,835
| New | +$1.22M |
|
|
ZEP
2187
DELISTED
ZEP INC COM STK (DE)
ZEP
| $1.29M | ﹤0.01% |
75,882
-10,363
| -12% | -$169K |
|
2188
MakeMyTrip
MMYT
$5.38B
| $1.29M | ﹤0.01% |
58,737
+33,037
| +129% | +$804K |
|
2189
HEICO Corp Class A
HEI.A
$36B
| $1.29M | ﹤0.01% |
50,727
+50,336
| +12,874% | +$1.21M |
|
|
CB
2190
DELISTED
CHUBB CORPORATION
CB
| $1.29M | ﹤0.01% |
12,720
-580
| -4% | -$58.7K |
|
2191
iShares Russell 1000 ETF
IWB
$47.1B
| $1.28M | ﹤0.01% |
11,091
+3,654
| +49% | +$422K |
|
2192
MGE Energy Inc
MGEE
$3.03B
| $1.28M | ﹤0.01% |
28,925
-27,380
| -49% | -$1.21M |
|
|
HNGR
2193
DELISTED
Hanger Inc.
HNGR
| $1.28M | ﹤0.01% |
+56,433
| New | +$1.32M |
|
2194
iShares US Basic Materials ETF
IYM
$1.13B
| $1.28M | ﹤0.01% |
15,611
+11,422
| +273% | +$947K |
|
2195
B&G Foods
BGS
$303M
| $1.27M | ﹤0.01% |
43,292
+11,619
| +37% | +$342K |
|
|
HSP
2196
CALL
DELISTED
HOSPIRA INC
HSP
| $1.27M | ﹤0.01% |
+14,500
| New | +$1.14M |
|
|
VIVS
2197
VivoSim Labs
VIVS
$1.21M
| $1.27M | ﹤0.01% |
+1,498
| New | +$2.07M |
|
2198
TransAlta
TAC
$3.93B
| $1.27M | ﹤0.01% |
136,652
+86,475
| +172% | +$785K |
|
2199
Amphastar Pharmaceuticals
AMPH
$907M
| $1.26M | ﹤0.01% |
84,475
+58,053
| +220% | +$776K |
|
|
TAHO
2200
DELISTED
Tahoe Resources Inc
TAHO
| $1.26M | ﹤0.01% |
+115,301
| New | +$1.53M |
|
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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.