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 | |
|---|---|---|---|---|---|---|
|
LL
2426
DELISTED
LL Flooring Holdings, Inc.
LL
| $821K | ﹤0.01% |
26,688
+293
| +1% | +$15K |
|
|
ANN
2427
CALL
DELISTED
ANN INC
ANN
| $821K | ﹤0.01% |
+20,000
| New | +$731K |
|
2428
Ryman Hospitality Properties
RHP
$8.56B
| $816K | ﹤0.01% |
+13,391
| New | +$777K |
|
|
QLGC
2429
DELISTED
QLOGIC CORP
QLGC
| $816K | ﹤0.01% |
55,350
-226,067
| -80% | -$3.18M |
|
2430
TriCo Bancshares
TCBK
$1.85B
| $815K | ﹤0.01% |
33,779
-4,973
| -13% | -$119K |
|
2431
Vanguard Total International Stock ETF
VXUS
$151B
| $815K | ﹤0.01% |
+16,179
| New | +$804K |
|
2432
PUT
Intuit
INTU
$91.1B
| $814K | ﹤0.01% |
8,400
-1,900
| -18% | -$176K |
|
|
ZEN
2433
DELISTED
ZENDESK INC
ZEN
| $813K | ﹤0.01% |
35,818
-8,382
| -19% | -$201K |
|
|
RTK
2434
DELISTED
Rentech, Inc.
RTK
| $813K | ﹤0.01% |
72,573
+10,463
| +17% | +$130K |
|
|
PBY
2435
DELISTED
PEP BOYS MANNY MOE& JACK
PBY
| $811K | ﹤0.01% |
84,262
+42,374
| +101% | +$387K |
|
2436
PUT
Best Buy
BBY
$19B
| $809K | ﹤0.01% |
+21,400
| New | +$819K |
|
|
BMTC
2437
DELISTED
Bryn Mawr Bank Corp
BMTC
| $808K | ﹤0.01% |
+26,581
| New | +$795K |
|
|
ARR
2438
Armour Residential REIT
ARR
$2.32B
| $807K | ﹤0.01% |
6,363
-11,786
| -65% | -$1.54M |
|
2439
CALL
Monster Beverage
MNST
$95.1B
| $803K | ﹤0.01% |
34,800
-55,800
| -62% | -$1.17M |
|
|
HF
2440
DELISTED
HFF Inc.
HF
| $802K | ﹤0.01% |
21,371
-16,224
| -43% | -$583K |
|
|
CCIH
2441
DELISTED
Chinacache International Holdings Ltd
CCIH
| $801K | ﹤0.01% |
67,463
-7,973
| -11% | -$78.9K |
|
|
STBZ
2442
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $798K | ﹤0.01% |
38,008
-107,252
| -74% | -$2.12M |
|
2443
National Bank Holdings
NBHC
$1.9B
| $796K | ﹤0.01% |
42,299
-119,231
| -74% | -$2.21M |
|
|
BV
2444
DELISTED
Bazaarvoice, Inc.
BV
| $795K | ﹤0.01% |
+140,707
| New | +$1.08M |
|
2445
iShares Russell 3000 ETF
IWV
$19.2B
| $794K | ﹤0.01% |
+6,415
| New | +$790K |
|
|
SA
2446
Seabridge Gold
SA
$2.72B
| $790K | ﹤0.01% |
143,898
-58,126
| -29% | -$453K |
|
|
SGYP
2447
DELISTED
Synergy Pharmaceuticals, Inc Common Stock
SGYP
| $789K | ﹤0.01% |
170,836
+49,003
| +40% | +$159K |
|
2448
PUT
Boston Properties
BXP
$11.6B
| $787K | ﹤0.01% |
5,600
-5,000
| -47% | -$698K |
|
2449
Western Union
WU
$2.53B
| $786K | ﹤0.01% |
37,790
-174,836
| -82% | -$3.26M |
|
|
SOHU
2450
Sohu.com
SOHU
$352M
| $785K | ﹤0.01% |
+14,718
| New | +$779K |
|
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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.