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 | |
|---|---|---|---|---|---|---|
2301
United Fire Group
UFCS
$1.35B
| $1.02M | ﹤0.01% |
32,079
+23,105
| +257% | +$678K |
|
|
GTI
2302
DELISTED
GRAFTECH INTERNATIONAL LTD
GTI
| $1.02M | ﹤0.01% |
+261,995
| New | +$1.05M |
|
|
MCRL
2303
DELISTED
MICREL INC
MCRL
| $1.02M | ﹤0.01% |
67,546
+18,128
| +37% | +$265K |
|
|
CTRL
2304
DELISTED
Control4 Corporation
CTRL
| $1.02M | ﹤0.01% |
84,878
+40,956
| +93% | +$559K |
|
2305
Ethan Allen Interiors
ETD
$600M
| $1.02M | ﹤0.01% |
36,773
-89,795
| -71% | -$2.56M |
|
|
EHIC
2306
DELISTED
eHi Car Services Limited
EHIC
| $1.01M | ﹤0.01% |
105,872
-35,670
| -25% | -$352K |
|
2307
Vanguard Information Technology ETF
VGT
$133B
| $1.01M | ﹤0.01% |
76,008
+58,408
| +332% | +$771K |
|
|
MXPT
2308
DELISTED
MaxPoint Interactive, Inc.
MXPT
| $1M | ﹤0.01% |
+26,229
| New | +$1.04M |
|
2309
Direxion Daily Financial Bull 3x ETF
FAS
$2.4B
| $1M | ﹤0.01% |
+32,764
| New | +$990K |
|
2310
Quest Diagnostics
DGX
$26B
| $999K | ﹤0.01% |
13,005
-1,207,774
| -99% | -$86.5M |
|
2311
Argan
AGX
$6.9B
| $997K | ﹤0.01% |
27,576
-10,660
| -28% | -$347K |
|
2312
Repligen
RGEN
$6.91B
| $996K | ﹤0.01% |
32,793
+20,221
| +161% | +$524K |
|
|
BBG
2313
CALL
DELISTED
Bill Barrett Corp
BBG
| $996K | ﹤0.01% |
+120,000
| New | +$1.22M |
|
2314
Starwood Property Trust
STWD
$6.12B
| $990K | ﹤0.01% |
40,743
-539,237
| -93% | -$13M |
|
2315
Biglari Holdings Class B
BH
$1.2B
| $986K | ﹤0.01% |
3,573
+1,809
| +103% | +$508K |
|
2316
Ormat Technologies
ORA
$5.8B
| $986K | ﹤0.01% |
25,944
-30,195
| -54% | -$948K |
|
|
VLRS
2317
Controladora Vuela Compania de Aviacion
VLRS
$869M
| $978K | ﹤0.01% |
87,788
+68,242
| +349% | +$679K |
|
2318
Fortuna Silver Mines
FSM
$2.54B
| $975K | ﹤0.01% |
253,824
+165,194
| +186% | +$728K |
|
|
RRMS
2319
CALL
DELISTED
ROSE ROCK MIDSTREAM L P COM UNIT REPSTG LTD (DE)
RRMS
| $974K | ﹤0.01% |
20,500
+12,500
| +156% | +$547K |
|
2320
Forestar Group
FOR
$1.48B
| $973K | ﹤0.01% |
61,674
+7,884
| +15% | +$116K |
|
2321
Manulife Financial
MFC
$73B
| $973K | ﹤0.01% |
57,189
-48,490
| -46% | -$835K |
|
2322
iShares National Muni Bond ETF
MUB
$45.2B
| $972K | ﹤0.01% |
8,790
+5,965
| +211% | +$660K |
|
2323
CALL
Consolidated Edison
ED
$41.4B
| $970K | ﹤0.01% |
+15,900
| New | +$1.03M |
|
|
EVOL
2324
DELISTED
Evolving Systems, Inc.
EVOL
| $970K | ﹤0.01% |
110,000
-7,638
| -6% | -$67.2K |
|
2325
Rockwell Medical
RMTI
$27.2M
| $967K | ﹤0.01% |
805
-253
| -24% | -$296K |
|
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.