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 | |
|---|---|---|---|---|---|---|
|
GCVRZ
2376
DELISTED
Sanofi Contingent Value Rights
GCVRZ
| $899K | ﹤0.01% |
1,325,877
-232,929
| -15% | -$163K |
|
|
MTOR
2377
DELISTED
MERITOR, Inc.
MTOR
| $898K | ﹤0.01% |
71,229
-827,791
| -92% | -$11.5M |
|
|
EARN
2378
Ellington Residential Mortgage REIT
EARN
$166M
| $897K | ﹤0.01% |
54,766
-61,175
| -53% | -$1,000K |
|
|
KBAL
2379
DELISTED
Kimball International
KBAL
| $897K | ﹤0.01% |
85,619
+29,431
| +52% | +$279K |
|
|
AXDX
2380
DELISTED
Accelerate Diagnostics
AXDX
| $893K | ﹤0.01% |
3,967
-220
| -5% | -$46K |
|
2381
Crown Holdings
CCK
$13B
| $889K | ﹤0.01% |
16,454
-33,740
| -67% | -$1.68M |
|
|
MODN
2382
DELISTED
MODEL N, INC.
MODN
| $888K | ﹤0.01% |
74,265
+23,715
| +47% | +$272K |
|
2383
PUT
Constellation Brands
STZ
$22.5B
| $883K | ﹤0.01% |
7,600
-15,300
| -67% | -$1.72M |
|
2384
PhenixFIN
PFX
$83.1M
| $882K | ﹤0.01% |
4,822
-318
| -6% | -$59.1K |
|
2385
Titan International
TWI
$492M
| $882K | ﹤0.01% |
+94,183
| New | +$916K |
|
2386
PUT
Ashland
ASH
$3.34B
| $878K | ﹤0.01% |
14,104
+7,972
| +130% | +$483K |
|
2387
Theravance Biopharma
TBPH
$873M
| $876K | ﹤0.01% |
50,496
-97,853
| -66% | -$1.79M |
|
|
SFY
2388
DELISTED
SWIFT ENERGY CO (HOLDING COMPANY)
SFY
| $873K | ﹤0.01% |
404,232
+264,865
| +190% | +$687K |
|
|
OKSB
2389
DELISTED
Southwest Bancorp Inc/OK
OKSB
| $872K | ﹤0.01% |
49,003
-3,969
| -7% | -$65.5K |
|
2390
Companhia Siderúrgica Nacional
SID
$1.37B
| $871K | ﹤0.01% |
518,634
+493,194
| +1,939% | +$878K |
|
|
MCGC
2391
DELISTED
MCG CAP CORP
MCGC
| $871K | ﹤0.01% |
220,002
-136,228
| -38% | -$531K |
|
|
DSPG
2392
DELISTED
DSP Group Inc
DSPG
| $869K | ﹤0.01% |
72,518
+29,711
| +69% | +$332K |
|
|
ERF
2393
DELISTED
Enerplus Corporation
ERF
| $867K | ﹤0.01% |
85,480
-1,182,351
| -93% | -$11.7M |
|
|
TRST
2394
Trustco Bank Corp NY
TRST
$953M
| $863K | ﹤0.01% |
25,097
+18,137
| +261% | +$614K |
|
|
BGC
2395
CALL
DELISTED
General Cable Corporation
BGC
| $862K | ﹤0.01% |
+50,000
| New | +$707K |
|
|
AVH
2396
DELISTED
AVIANCA HOLDINGS S.A.
AVH
| $861K | ﹤0.01% |
76,103
-54,521
| -42% | -$646K |
|
2397
GoPro
GPRO
$120M
| $860K | ﹤0.01% |
19,820
+14,148
| +249% | +$667K |
|
2398
NovaGold Resources
NG
$2.54B
| $859K | ﹤0.01% |
290,333
+120,041
| +70% | +$421K |
|
|
ESRX
2399
PUT
DELISTED
Express Scripts Holding Company
ESRX
| $859K | ﹤0.01% |
+9,900
| New | +$830K |
|
2400
AMC Global Media
AMCX
$450M
| $858K | ﹤0.01% |
11,200
+2,700
| +32% | +$187K |
|
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.