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 |
iShares Core S&P 500 ETF
IVV
|
+$2.22B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$372M |
| 3 |
Danaher
DHR
|
+$293M |
| 4 |
Linde
LIN
|
+$281M |
| 5 |
Carlyle Group
CG
|
+$268M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Broadcom
AVGO
|
+$926M |
| 2 |
iShares Russell 1000 ETF
IWB
|
+$770M |
| 3 |
iShares Bitcoin Trust
IBIT
|
+$649M |
| 4 |
Meta Platforms (Facebook)
META
|
+$641M |
| 5 |
Bristol-Myers Squibb
BMY
|
+$462M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 9% |
| 2 | Technology | 7.77% |
| 3 | Healthcare | 6.87% |
| 4 | Industrials | 5.57% |
| 5 | Consumer Discretionary | 5.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2501
PUT
Jazz Pharmaceuticals
JAZZ
$15.8B
| $6.57M | ﹤0.01% |
+52,900
| New | +$6.9M |
|
2502
CALL
NetApp
NTAP
$35.9B
| $6.56M | ﹤0.01% |
74,700
+46,300
| +163% | +$5.12M |
|
2503
Marcus Corp
MCS
$946M
| $6.55M | ﹤0.01% |
392,634
+39,118
| +11% | +$755K |
|
2504
InterDigital
IDCC
$7.98B
| $6.55M | ﹤0.01% |
31,674
-97,106
| -75% | -$19.5M |
|
2505
Kforce
KFRC
$1.03B
| $6.54M | ﹤0.01% |
133,829
+4,511
| +3% | +$235K |
|
2506
Grayscale Bitcoin Trust
GBTC
$9.59B
| $6.52M | ﹤0.01% |
100,000
-66,177
| -40% | -$4.88M |
|
2507
CALL
Hershey
HSY
$35.7B
| $6.52M | ﹤0.01% |
38,100
+25,500
| +202% | +$4.17M |
|
2508
Macy's
M
$6.83B
| $6.51M | ﹤0.01% |
518,629
-918,566
| -64% | -$13.3M |
|
2509
CALL
Public Service Enterprise Group
PEG
$38.2B
| $6.5M | ﹤0.01% |
79,000
+76,200
| +2,721% | +$6.36M |
|
|
PCG.PRX
2510
PG&E Corp 6.000% Series A Preferred Stock
PCG.PRX
$1.38B
| $6.5M | ﹤0.01% |
147,646
-80,000
| -35% | -$3.43M |
|
2511
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.93B
| $6.5M | ﹤0.01% |
222,303
-214,283
| -49% | -$6.07M |
|
2512
Protagonist Therapeutics
PTGX
$8.51B
| $6.49M | ﹤0.01% |
+134,269
| New | +$5.63M |
|
2513
Gaotu Techedu
GOTU
$458M
| $6.49M | ﹤0.01% |
1,996,144
+1,711,774
| +602% | +$4.73M |
|
2514
Associated Banc-Corp
ASB
$5.93B
| $6.49M | ﹤0.01% |
287,890
+136,648
| +90% | +$3.28M |
|
|
SWI
2515
DELISTED
SolarWinds Corporation Common Stock
SWI
| $6.48M | ﹤0.01% |
351,826
+252,149
| +253% | +$4.23M |
|
2516
PUT
Humana
HUM
$45B
| $6.48M | ﹤0.01% |
24,500
+19,400
| +380% | +$5.25M |
|
2517
PUT
Tenet Healthcare
THC
$20.1B
| $6.47M | ﹤0.01% |
48,100
+34,100
| +244% | +$4.49M |
|
2518
CALL
Deckers Outdoor
DECK
$13.6B
| $6.46M | ﹤0.01% |
57,800
+54,000
| +1,421% | +$8.72M |
|
2519
PUT
Tractor Supply
TSCO
$16.8B
| $6.46M | ﹤0.01% |
117,200
+41,300
| +54% | +$2.26M |
|
2520
Flex
FLEX
$43B
| $6.45M | ﹤0.01% |
+194,859
| New | +$7.63M |
|
2521
Scholar Rock
SRRK
$5.49B
| $6.44M | ﹤0.01% |
200,255
+54,555
| +37% | +$2.1M |
|
2522
HUB Group
HUBG
$2.83B
| $6.44M | ﹤0.01% |
173,155
-116,047
| -40% | -$4.84M |
|
2523
CALL
Alliant Energy
LNT
$18.4B
| $6.43M | ﹤0.01% |
+100,000
| New | +$6.12M |
|
|
2524
PUT
Alliant Energy
LNT
$18.4B
| $6.43M | ﹤0.01% |
+100,000
| New | +$6.12M |
|
2525
PUT
Norwegian Cruise Line
NCLH
$9.07B
| $6.43M | ﹤0.01% |
339,000
+101,500
| +43% | +$2.44M |
|
Similar funds
Millennium Management's Q1 2025 Portfolio in Review
As of Q1 2025, Millennium Management held 6,639 positions worth $188B, down 8.2% from $205B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Millennium Management withdrew a net $8.86B in Q1 2025, closing 852 positions and reducing 2,261 holdings. Its most notable exit was Verizon, an estimated $263M position sold in full.
By sector, the portfolio is most concentrated in Financials at 9% of assets, up from 8.3% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Millennium Management opened a new position in Blackrock worth $215M.
- Millennium Management's largest Q1 2025 buy was Blackrock: 227,394 shares worth $215M.
- Millennium Management added most to iShares Core S&P 500 ETF in Q1 2025, an estimated $2.22B increase.
- Millennium Management's biggest Q1 2025 reduction was Broadcom, cutting an estimated $926M.
- Millennium Management fully exited Verizon in Q1 2025, selling an estimated $263M.
- Millennium Management's ten largest holdings make up 16% of its $188B portfolio in Q1 2025.
- Millennium Management opened 739 new positions and closed 852 in Q1 2025.
- Millennium Management's portfolio value fell 8.2% quarter-over-quarter to $188B.
Based on Millennium Management's 13F filing for Q1 2025, filed 15 May 2025.