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 | |
|---|---|---|---|---|---|---|
|
ZK
2526
DELISTED
Zeekr
ZK
| $6.43M | ﹤0.01% |
266,748
+190,126
| +248% | +$5.05M |
|
|
DQ
2527
Daqo New Energy
DQ
$930M
| $6.42M | ﹤0.01% |
354,596
+328,541
| +1,261% | +$6.43M |
|
2528
PUT
Allstate
ALL
$67.6B
| $6.42M | ﹤0.01% |
31,000
+23,800
| +331% | +$4.63M |
|
2529
Pebblebrook Hotel Trust
PEB
$2.18B
| $6.37M | ﹤0.01% |
629,035
-863,532
| -58% | -$10.6M |
|
2530
Paymentus
PAY
$4.34B
| $6.36M | ﹤0.01% |
243,860
+9,890
| +4% | +$293K |
|
2531
Albany International
AIN
$2.13B
| $6.35M | ﹤0.01% |
91,934
+75,644
| +464% | +$5.88M |
|
2532
Aaon
AAON
$7.58B
| $6.34M | ﹤0.01% |
81,145
+65,813
| +429% | +$6.79M |
|
2533
Movado Group
MOV
$866M
| $6.33M | ﹤0.01% |
378,804
-64,375
| -15% | -$1.22M |
|
2534
Aclaris Therapeutics
ACRS
$772M
| $6.33M | ﹤0.01% |
4,134,148
+2,175,101
| +111% | +$4.64M |
|
|
DCH
2535
Dauch Corp
DCH
$1.38B
| $6.31M | ﹤0.01% |
1,550,521
+579,442
| +60% | +$2.97M |
|
|
SRDX
2536
DELISTED
Surmodics
SRDX
| $6.3M | ﹤0.01% |
206,487
+86,143
| +72% | +$2.9M |
|
2537
CALL
Diamondback Energy
FANG
$55.9B
| $6.3M | ﹤0.01% |
39,400
-32,600
| -45% | -$5.26M |
|
2538
CNA Financial
CNA
$14.5B
| $6.29M | ﹤0.01% |
123,864
-144,275
| -54% | -$7.03M |
|
2539
PUT
DuPont de Nemours
DD
$19.1B
| $6.28M | ﹤0.01% |
67,000
+54,970
| +457% | +$5.36M |
|
2540
PUT
Targa Resources
TRGP
$56.8B
| $6.27M | ﹤0.01% |
31,300
+7,900
| +34% | +$1.57M |
|
2541
PUT
CME Group
CME
$95.7B
| $6.26M | ﹤0.01% |
23,600
-12,100
| -34% | -$2.98M |
|
2542
CALL
Old Dominion Freight Line
ODFL
$44B
| $6.25M | ﹤0.01% |
37,800
-39,000
| -51% | -$7.09M |
|
2543
PUT
Deckers Outdoor
DECK
$13.6B
| $6.25M | ﹤0.01% |
55,900
+49,100
| +722% | +$7.93M |
|
2544
Washington Trust Bancorp
WASH
$755M
| $6.25M | ﹤0.01% |
202,392
-23,963
| -11% | -$759K |
|
2545
Fortuna Silver Mines
FSM
$2.63B
| $6.24M | ﹤0.01% |
1,023,631
-389,627
| -28% | -$1.94M |
|
|
TBRG
2546
DELISTED
TruBridge
TBRG
| $6.22M | ﹤0.01% |
226,172
+39,090
| +21% | +$1.02M |
|
2547
Mercury Insurance
MCY
$5.94B
| $6.22M | ﹤0.01% |
111,327
+8,742
| +9% | +$471K |
|
2548
BBVA Argentina
BBAR
$3.86B
| $6.21M | ﹤0.01% |
342,938
-180,500
| -34% | -$3.68M |
|
2549
Mativ Holdings
MATV
$500M
| $6.21M | ﹤0.01% |
996,673
+948,720
| +1,978% | +$7.75M |
|
2550
CALL
Futu Holdings
FUTU
$15B
| $6.19M | ﹤0.01% |
60,500
+23,200
| +62% | +$2.38M |
|
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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.