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 | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $2.33B | 4.34% |
11,291,800
+1,966,200
| +21% | +$406M |
|
|
2
Teva Pharmaceuticals
TEVA
$35.9B
| $560M | 1.04% |
8,990,767
+3,697,503
| +70% | +$215M |
|
3
NextEra Energy
NEE
$187B
| $456M | 0.85% |
17,516,180
+5,382,952
| +44% | +$142M |
|
|
4
American Electric Power
AEP
$73.7B
| $424M | 0.79% |
7,533,324
+5,049,466
| +203% | +$300M |
|
|
NBL
5
DELISTED
Noble Energy, Inc.
NBL
| $375M | 0.7% |
7,672,262
+5,870,669
| +326% | +$274M |
|
6
Devon Energy
DVN
$51.9B
| $334M | 0.62% |
5,538,206
+1,660,327
| +43% | +$101M |
|
7
Apple
AAPL
$4.89T
| $321M | 0.6% |
10,331,244
+5,458,316
| +112% | +$165M |
|
8
Sempra
SRE
$60.8B
| $307M | 0.57% |
5,636,692
+1,322,034
| +31% | +$72.9M |
|
|
9
Ameren
AEE
$31.5B
| $290M | 0.54% |
6,867,641
+4,914,073
| +252% | +$214M |
|
10
Pfizer
PFE
$140B
| $288M | 0.54% |
8,727,749
+5,038,347
| +137% | +$160M |
|
11
Meta Platforms (Facebook)
META
$1.51T
| $282M | 0.52% |
3,428,595
+344,080
| +11% | +$27M |
|
|
NFX
12
DELISTED
Newfield Exploration
NFX
| $257M | 0.48% |
7,318,909
+4,325,709
| +145% | +$131M |
|
13
Visa
V
$677B
| $248M | 0.46% |
3,784,942
+2,852,382
| +306% | +$189M |
|
14
NiSource
NI
$22.4B
| $245M | 0.46% |
14,105,286
+10,002,069
| +244% | +$170M |
|
15
Marathon Petroleum
MPC
$90.3B
| $242M | 0.45% |
4,719,332
-411,458
| -8% | -$19.8M |
|
|
16
DTE Energy
DTE
$31.1B
| $232M | 0.43% |
+3,384,348
| New | +$243M |
|
|
APC
17
DELISTED
Anadarko Petroleum
APC
| $231M | 0.43% |
2,792,994
-91,818
| -3% | -$7.51M |
|
18
Citigroup
C
$222B
| $229M | 0.43% |
4,450,522
+1,674,542
| +60% | +$85.3M |
|
19
Valero Energy
VLO
$89.8B
| $216M | 0.4% |
3,390,483
-446,928
| -12% | -$24.9M |
|
20
HF Sinclair
DINO
$15.9B
| $215M | 0.4% |
5,333,673
+3,483,026
| +188% | +$134M |
|
|
TWX
21
DELISTED
Time Warner Inc
TWX
| $212M | 0.4% |
2,515,641
+1,516,465
| +152% | +$126M |
|
22
Xcel Energy
XEL
$51B
| $211M | 0.39% |
6,066,097
-41,617
| -0.7% | -$1.49M |
|
23
Exelon
EXC
$48.6B
| $209M | 0.39% |
8,730,304
+7,169,274
| +459% | +$178M |
|
24
Bank of America
BAC
$435B
| $209M | 0.39% |
13,562,665
+11,804,328
| +671% | +$190M |
|
25
CVS Health
CVS
$137B
| $209M | 0.39% |
2,022,063
+461,693
| +30% | +$46.7M |
|
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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.