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 | |
|---|---|---|---|---|---|---|
2876
CALL
Five Below
FIVE
$12.3B
| $4.45M | ﹤0.01% |
59,400
-16,300
| -22% | -$1.43M |
|
2877
Douglas Emmett
DEI
$2B
| $4.45M | ﹤0.01% |
278,069
-44,429
| -14% | -$754K |
|
2878
Alcon
ALC
$34.6B
| $4.44M | ﹤0.01% |
46,807
-11,893
| -20% | -$1.07M |
|
2879
PUT
UiPath
PATH
$7.31B
| $4.43M | ﹤0.01% |
430,500
+384,800
| +842% | +$4.95M |
|
2880
CALL
Credo Technology Group
CRDO
$44.4B
| $4.43M | ﹤0.01% |
110,200
+103,700
| +1,595% | +$6.45M |
|
2881
Erasca
ERAS
$6.38B
| $4.42M | ﹤0.01% |
3,224,518
-953,382
| -23% | -$1.64M |
|
2882
Brown-Forman Class B
BF.B
$13.1B
| $4.42M | ﹤0.01% |
130,120
-736,035
| -85% | -$24.8M |
|
2883
Vitesse Energy
VTS
$654M
| $4.41M | ﹤0.01% |
179,532
+126,991
| +242% | +$3.25M |
|
2884
First Community Corp
FCCO
$323M
| $4.41M | ﹤0.01% |
195,527
+104,796
| +116% | +$2.55M |
|
2885
YPF
YPF
$19.5B
| $4.4M | ﹤0.01% |
125,562
-265,172
| -68% | -$10.2M |
|
2886
Algoma Steel
ASTL
$445M
| $4.38M | ﹤0.01% |
808,893
-3,142,005
| -80% | -$23.6M |
|
2887
Stoneridge
SRI
$213M
| $4.38M | ﹤0.01% |
954,577
+28,037
| +3% | +$143K |
|
2888
PUT
GXO Logistics
GXO
$6.03B
| $4.38M | ﹤0.01% |
112,000
+96,000
| +600% | +$4.01M |
|
2889
CALL
Dow Inc
DOW
$21.9B
| $4.37M | ﹤0.01% |
125,000
-129,300
| -51% | -$4.97M |
|
2890
PUT
SiriusXM
SIRI
$10.4B
| $4.36M | ﹤0.01% |
193,600
-271,200
| -58% | -$6.39M |
|
2891
OGE Energy
OGE
$9.79B
| $4.36M | ﹤0.01% |
94,965
+87,433
| +1,161% | +$3.8M |
|
|
QXO
2892
QXO Inc
QXO
$15.9B
| $4.36M | ﹤0.01% |
322,115
+20,067
| +7% | +$273K |
|
2893
Tandem Diabetes Care
TNDM
$1.38B
| $4.36M | ﹤0.01% |
227,585
+76,245
| +50% | +$2.23M |
|
2894
PUT
BILL Holdings
BILL
$4.84B
| $4.36M | ﹤0.01% |
95,000
+64,400
| +210% | +$4.33M |
|
2895
Arcos Dorados Holdings
ARCO
$1.76B
| $4.36M | ﹤0.01% |
540,680
-320,277
| -37% | -$2.52M |
|
2896
Lennar Class B
LEN.B
$20.6B
| $4.35M | ﹤0.01% |
39,910
+32,320
| +426% | +$3.86M |
|
2897
Atkore
ATKR
$3.16B
| $4.33M | ﹤0.01% |
72,172
-351,292
| -83% | -$25.1M |
|
2898
PUT
Ollie's Bargain Outlet
OLLI
$4.66B
| $4.33M | ﹤0.01% |
37,200
+14,100
| +61% | +$1.49M |
|
2899
PUT
New Oriental
EDU
$8.96B
| $4.32M | ﹤0.01% |
90,300
+84,500
| +1,457% | +$4.34M |
|
2900
PUT
AeroVironment
AVAV
$8.55B
| $4.31M | ﹤0.01% |
36,200
+19,400
| +115% | +$2.98M |
|
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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.