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 | |
|---|---|---|---|---|---|---|
2626
PTC
PTC
$16.2B
| $5.66M | ﹤0.01% |
36,543
-23,364
| -39% | -$4.02M |
|
2627
Griffon
GFF
$4.1B
| $5.66M | ﹤0.01% |
79,181
-595,339
| -88% | -$43.9M |
|
2628
CALL
Digital Realty Trust
DLR
$70.7B
| $5.66M | ﹤0.01% |
39,500
+20,400
| +107% | +$3.32M |
|
2629
CALL
Huntington Ingalls Industries
HII
$12.8B
| $5.65M | ﹤0.01% |
27,700
+23,600
| +576% | +$4.48M |
|
2630
Shenandoah Telecom
SHEN
$689M
| $5.64M | ﹤0.01% |
448,976
+146,221
| +48% | +$1.72M |
|
2631
Liquidity Services
LQDT
$1.23B
| $5.63M | ﹤0.01% |
181,686
-14,680
| -7% | -$488K |
|
|
EQC
2632
DELISTED
Equity Commonwealth
EQC
| $5.63M | ﹤0.01% |
3,496,102
+3,719
| +0.1% | +$6.26K |
|
2633
PUT
Avis
CAR
$4.91B
| $5.62M | ﹤0.01% |
74,100
+39,900
| +117% | +$3.21M |
|
|
HAPN
2634
Happen Inc
HAPN
$2.36B
| $5.62M | ﹤0.01% |
544,911
-231,781
| -30% | -$3.11M |
|
2635
Gorman-Rupp
GRC
$2.19B
| $5.61M | ﹤0.01% |
159,717
-12,187
| -7% | -$458K |
|
2636
RLX Technology
RLX
$2.43B
| $5.6M | ﹤0.01% |
2,981,171
-478,789
| -14% | -$1.06M |
|
2637
Park Hotels & Resorts
PK
$3.04B
| $5.59M | ﹤0.01% |
523,851
+468,668
| +849% | +$5.93M |
|
2638
Ambev
ABEV
$47.1B
| $5.59M | ﹤0.01% |
2,399,472
+922,566
| +62% | +$1.85M |
|
2639
CALL
ProShares UltraPro QQQ
TQQQ
$34.6B
| $5.59M | ﹤0.01% |
195,000
-227,000
| -54% | -$8.61M |
|
2640
CALL
Cummins
CMI
$89.5B
| $5.58M | ﹤0.01% |
17,800
+13,800
| +345% | +$4.86M |
|
2641
PUT
EQT Corp
EQT
$33.5B
| $5.58M | ﹤0.01% |
104,400
-444,200
| -81% | -$22.7M |
|
|
2642
CALL
EQT Corp
EQT
$33.5B
| $5.57M | ﹤0.01% |
104,300
+72,700
| +230% | +$3.71M |
|
2643
Dave Inc
DAVE
$5.07B
| $5.57M | ﹤0.01% |
67,386
-18,883
| -22% | -$1.77M |
|
2644
Raymond James Financial
RJF
$34.1B
| $5.57M | ﹤0.01% |
40,067
-75,836
| -65% | -$11.8M |
|
2645
Altimmune
ALT
$583M
| $5.56M | ﹤0.01% |
1,111,299
+765,662
| +222% | +$4.85M |
|
|
ORLA
2646
DELISTED
Orla Mining
ORLA
| $5.56M | ﹤0.01% |
594,177
+186,714
| +46% | +$1.33M |
|
2647
PUT
Huazhu Hotels Group
HTHT
$13.1B
| $5.55M | ﹤0.01% |
+150,000
| New | +$5.19M |
|
2648
Pool Corp
POOL
$7.11B
| $5.54M | ﹤0.01% |
17,390
+12,244
| +238% | +$4.15M |
|
|
OACCU
2649
Oaktree Acquisition Corp III Life Sciences Unit
OACCU
| $5.53M | ﹤0.01% |
529,858
-422,564
| -44% | -$4.31M |
|
2650
Revolution Medicines
RVMD
$38.8B
| $5.53M | ﹤0.01% |
+156,353
| New | +$6.35M |
|
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.