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 | |
|---|---|---|---|---|---|---|
2901
CALL
Toronto Dominion Bank
TD
$198B
| $4.31M | ﹤0.01% |
50,000
-275,800
| -85% | -$16.1M |
|
2902
Coherent
COHR
$64.9B
| $4.31M | ﹤0.01% |
66,292
-84,876
| -56% | -$7.03M |
|
2903
CALL
iShares US Real Estate ETF
IYR
$4.66B
| $4.3M | ﹤0.01% |
44,900
-1,900
| -4% | -$181K |
|
|
2904
PUT
iShares US Real Estate ETF
IYR
$4.66B
| $4.3M | ﹤0.01% |
44,900
+23,000
| +105% | +$2.19M |
|
|
LGTY
2905
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $4.3M | ﹤0.01% |
301,476
+267,970
| +800% | +$3.58M |
|
2906
Pinduoduo
PDD
$130B
| $4.3M | ﹤0.01% |
36,318
-61,558
| -63% | -$7.06M |
|
|
K
2907
CALL
DELISTED
Kellanova
K
| $4.3M | ﹤0.01% |
52,100
-31,500
| -38% | -$2.59M |
|
2908
PUT
Xerox
XRX
$429M
| $4.29M | ﹤0.01% |
887,800
+625,200
| +238% | +$4.69M |
|
2909
Expensify
EXFY
$186M
| $4.28M | ﹤0.01% |
1,406,476
+714,244
| +103% | +$2.48M |
|
|
CD
2910
Chaince Digital Holdings
CD
$245M
| $4.27M | ﹤0.01% |
797,099
+693,720
| +671% | +$4.42M |
|
2911
CALL
Papa John's
PZZA
$1B
| $4.26M | ﹤0.01% |
+103,800
| New | +$4.44M |
|
2912
Anterix
ATEX
$2.04B
| $4.26M | ﹤0.01% |
116,473
+39,143
| +51% | +$1.35M |
|
2913
ORIX
IX
$44.1B
| $4.26M | ﹤0.01% |
203,967
+171,292
| +524% | +$3.59M |
|
2914
CALL
Wayfair
W
$15.4B
| $4.26M | ﹤0.01% |
133,000
-234,700
| -64% | -$9.76M |
|
|
2915
PUT
Papa John's
PZZA
$1B
| $4.26M | ﹤0.01% |
+103,600
| New | +$4.43M |
|
2916
PUT
Everest Group
EG
$14.2B
| $4.25M | ﹤0.01% |
11,700
+8,900
| +318% | +$3.15M |
|
2917
CALL
Amcor
AMCR
$21.7B
| $4.25M | ﹤0.01% |
87,560
+68,020
| +348% | +$3.35M |
|
2918
Elevance Health
ELV
$82.6B
| $4.23M | ﹤0.01% |
9,729
-240,336
| -96% | -$96.5M |
|
|
SVM
2919
Silvercorp Metals
SVM
$2.27B
| $4.23M | ﹤0.01% |
1,093,442
-854,732
| -44% | -$3M |
|
2920
Gold Fields
GFI
$31B
| $4.23M | ﹤0.01% |
191,482
+32,343
| +20% | +$591K |
|
2921
Carlisle Companies
CSL
$15.1B
| $4.23M | ﹤0.01% |
12,417
-76,863
| -86% | -$27.5M |
|
2922
PUT
Nice
NICE
$6.01B
| $4.22M | ﹤0.01% |
+27,400
| New | +$4.38M |
|
2923
First United
FUNC
$290M
| $4.22M | ﹤0.01% |
140,586
+109,340
| +350% | +$3.69M |
|
2924
Moderna
MRNA
$22.8B
| $4.22M | ﹤0.01% |
148,794
-980,074
| -87% | -$34.8M |
|
|
ACCD
2925
DELISTED
Accolade Inc
ACCD
| $4.22M | ﹤0.01% |
604,171
-2,486,690
| -80% | -$16.6M |
|
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.