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 | |
|---|---|---|---|---|---|---|
2551
Live Nation Entertainment
LYV
$42.3B
| $6.19M | ﹤0.01% |
47,368
-107,370
| -69% | -$14.7M |
|
2552
PUT
Privia Health
PRVA
$3B
| $6.17M | ﹤0.01% |
275,000
+153,300
| +126% | +$3.56M |
|
|
ABVX
2553
Abivax
ABVX
$10.9B
| $6.17M | ﹤0.01% |
987,414
+56,235
| +6% | +$381K |
|
2554
PUT
Corning
GLW
$126B
| $6.16M | ﹤0.01% |
134,500
+92,400
| +219% | +$4.56M |
|
2555
Coty
COTY
$2.46B
| $6.14M | ﹤0.01% |
1,122,206
-3,463,426
| -76% | -$21.7M |
|
2556
Sasol
SSL
$7.21B
| $6.14M | ﹤0.01% |
1,450,355
+624,911
| +76% | +$2.84M |
|
2557
Amdocs
DOX
$5.88B
| $6.13M | ﹤0.01% |
67,047
+55,038
| +458% | +$4.8M |
|
2558
Maximus
MMS
$3.27B
| $6.13M | ﹤0.01% |
89,859
-246,820
| -73% | -$17.6M |
|
2559
Gogo Inc
GOGO
$606M
| $6.11M | ﹤0.01% |
709,003
+577,575
| +439% | +$4.52M |
|
2560
PUT
KE Holdings
BEKE
$19.1B
| $6.11M | ﹤0.01% |
303,900
+75,500
| +33% | +$1.5M |
|
2561
Viking Therapeutics
VKTX
$3.8B
| $6.1M | ﹤0.01% |
252,645
+149,913
| +146% | +$4.74M |
|
2562
PUT
Henry Schein
HSIC
$9.85B
| $6.1M | ﹤0.01% |
+89,000
| New | +$6.57M |
|
2563
Costamare
CMRE
$1.87B
| $6.08M | ﹤0.01% |
+617,398
| New | +$6.81M |
|
2564
CALL
Best Buy
BBY
$18B
| $6.07M | ﹤0.01% |
82,400
+65,800
| +396% | +$5.42M |
|
2565
Arhaus
ARHS
$1.12B
| $6.06M | ﹤0.01% |
696,690
+317,631
| +84% | +$3.4M |
|
2566
CALL
Realty Income
O
$59.2B
| $6.05M | ﹤0.01% |
104,300
-2,300
| -2% | -$127K |
|
|
FERAU
2567
Fifth Era Acquisition Corp I Units
FERAU
$220M
| $6.04M | ﹤0.01% |
+600,000
| New | +$6.02M |
|
2568
CALL
UBS Group
UBS
$173B
| $6.04M | ﹤0.01% |
218,600
-33,100
| -13% | -$1.1M |
|
|
NETD
2569
DELISTED
Nabors Energy Transition Corp II
NETD
| $6.02M | ﹤0.01% |
550,000
+350,000
| +175% | +$3.82M |
|
2570
Clearway Energy Class C
CWEN
$4.99B
| $6.01M | ﹤0.01% |
198,619
+99,636
| +101% | +$2.71M |
|
2571
Alarm.com
ALRM
$2.75B
| $6M | ﹤0.01% |
107,886
-106,029
| -50% | -$6.36M |
|
|
FSUN
2572
FirstSun Capital Bancorp
FSUN
$1.94B
| $6M | ﹤0.01% |
166,031
+110,662
| +200% | +$4.41M |
|
2573
Rocket Lab Corp
RKLB
$44B
| $6M | ﹤0.01% |
335,489
-1,136,905
| -77% | -$27.2M |
|
2574
Sun Communities
SUI
$15.1B
| $6M | ﹤0.01% |
46,630
-85,850
| -65% | -$11M |
|
2575
PUT
Interactive Brokers
IBKR
$39.1B
| $5.99M | ﹤0.01% |
+144,800
| New | +$7.17M |
|
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.