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 |
PPL
PPL Corp
PPL
|
+$304M |
| 2 |
SWN
Southwestern Energy Company
SWN
|
+$207M |
| 3 |
Biogen
BIIB
|
+$177M |
| 4 |
MON
Monsanto Co
MON
|
+$164M |
| 5 |
BNY
Bank of New York Mellon
BNY
|
+$153M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Teva Pharmaceuticals
TEVA
|
+$412M |
| 2 |
Pfizer
PFE
|
+$283M |
| 3 |
Devon Energy
DVN
|
+$194M |
| 4 |
Valero Energy
VLO
|
+$187M |
| 5 |
Altria Group
MO
|
+$174M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14% |
| 2 | Energy | 11.19% |
| 3 | Financials | 8.75% |
| 4 | Consumer Discretionary | 8.58% |
| 5 | Industrials | 8.04% |
| 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
| $2.08B | 3.93% |
10,104,300
-1,187,500
| -11% | -$250M |
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $841M | 1.59% |
4,087,200
+4,085,200
| +204,260% | +$859M |
|
|
NBL
3
DELISTED
Noble Energy, Inc.
NBL
| $372M | 0.7% |
8,725,285
+1,053,023
| +14% | +$49.7M |
|
4
NextEra Energy
NEE
$187B
| $372M | 0.7% |
15,171,008
-2,345,172
| -13% | -$59.6M |
|
|
5
Biogen
BIIB
$29.9B
| $372M | 0.7% |
920,090
+440,068
| +92% | +$177M |
|
6
American Electric Power
AEP
$73.7B
| $357M | 0.68% |
6,744,107
-789,217
| -10% | -$43.7M |
|
7
Sempra
SRE
$60.8B
| $345M | 0.65% |
6,964,456
+1,327,764
| +24% | +$70.3M |
|
8
Meta Platforms (Facebook)
META
$1.51T
| $325M | 0.61% |
3,790,441
+361,846
| +11% | +$29.5M |
|
|
PPL
9
PPL Corp
PPL
$27.3B
| $321M | 0.61% |
10,887,864
+9,734,698
| +844% | +$304M |
|
10
Ameren
AEE
$31.5B
| $264M | 0.5% |
7,001,361
+133,720
| +2% | +$5.37M |
|
11
Occidental Petroleum
OXY
$57B
| $263M | 0.5% |
3,388,636
+1,854,430
| +121% | +$145M |
|
12
McDonald's
MCD
$188B
| $261M | 0.49% |
2,744,239
+690,916
| +34% | +$66.8M |
|
13
DTE Energy
DTE
$31.1B
| $260M | 0.49% |
4,090,868
+706,520
| +21% | +$47.3M |
|
14
EQT Corp
EQT
$33.2B
| $250M | 0.47% |
5,644,519
+2,577,359
| +84% | +$121M |
|
15
HF Sinclair
DINO
$15.9B
| $248M | 0.47% |
5,815,855
+482,182
| +9% | +$19.5M |
|
|
TWX
16
DELISTED
Time Warner Inc
TWX
| $247M | 0.47% |
2,822,710
+307,069
| +12% | +$26.2M |
|
17
Amazon
AMZN
$2.5T
| $241M | 0.46% |
11,083,120
+837,660
| +8% | +$17.5M |
|
18
Exelon
EXC
$48.6B
| $237M | 0.45% |
10,595,968
+1,865,664
| +21% | +$44.7M |
|
|
EGN
19
DELISTED
Energen
EGN
| $234M | 0.44% |
3,429,045
+1,561,994
| +84% | +$109M |
|
|
ALXN
20
DELISTED
Alexion Pharmaceuticals
ALXN
| $234M | 0.44% |
1,291,973
+388,617
| +43% | +$67.1M |
|
|
DISH
21
DELISTED
DISH Network Corp.
DISH
| $233M | 0.44% |
3,438,891
+1,130,087
| +49% | +$79M |
|
22
Bausch Health
BHC
$1.65B
| $232M | 0.44% |
1,044,964
+131,754
| +14% | +$29.2M |
|
23
TechnipFMC
FTI
$30.6B
| $223M | 0.42% |
7,216,851
+2,928,640
| +68% | +$90.1M |
|
|
NFX
24
DELISTED
Newfield Exploration
NFX
| $221M | 0.42% |
6,112,710
-1,206,199
| -16% | -$44.9M |
|
25
NRG Energy
NRG
$29.8B
| $218M | 0.41% |
9,513,340
+2,698,886
| +40% | +$67.4M |
|
Similar funds
Millennium Management's Q2 2015 Portfolio in Review
As of Q2 2015, Millennium Management held 4,294 positions worth $52.9B, down 1.6% from $53.7B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Millennium Management's Q2 2015 filing shows 780 new, 1,199 increased, 1,223 reduced and 1,034 closed positions. Its largest new stake was Charter Communications: 575,958 shares worth $98.6M. The largest sale was Teva Pharmaceuticals, an estimated $412M.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, down from 15% a quarter earlier, followed by Energy and Financials.
- Millennium Management's largest Q2 2015 buy was Charter Communications: 575,958 shares worth $98.6M.
- Millennium Management added most to PPL Corp in Q2 2015, an estimated $304M increase.
- Millennium Management's biggest Q2 2015 reduction was Teva Pharmaceuticals, cutting an estimated $412M.
- Millennium Management fully exited SALIX PHARMACEUTICALS LTD DEL in Q2 2015, selling an estimated $145M.
- Millennium Management's ten largest holdings make up 11% of its $52.9B portfolio in Q2 2015.
- Millennium Management opened 780 new positions and closed 1,034 in Q2 2015.
- Millennium Management's portfolio value fell 1.6% quarter-over-quarter to $52.9B.
Based on Millennium Management's 13F filing for Q2 2015, filed 14 Aug 2015.