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 | |
|---|---|---|---|---|---|---|
3026
PUT
Elastic
ESTC
$7.39B
| $3.8M | ﹤0.01% |
42,600
+31,400
| +280% | +$3.26M |
|
3027
Alliant Energy
LNT
$18.3B
| $3.79M | ﹤0.01% |
58,867
-8,543
| -13% | -$522K |
|
3028
CALL
ArcelorMittal
MT
$56.7B
| $3.79M | ﹤0.01% |
131,300
+122,300
| +1,359% | +$3.37M |
|
3029
CALL
CBRE Group
CBRE
$43.7B
| $3.78M | ﹤0.01% |
28,900
+25,700
| +803% | +$3.49M |
|
|
LX
3030
LexinFintech Holdings
LX
$244M
| $3.77M | ﹤0.01% |
374,039
-723,904
| -66% | -$6.07M |
|
3031
WSFS Financial
WSFS
$4.21B
| $3.77M | ﹤0.01% |
72,726
+50,717
| +230% | +$2.73M |
|
3032
PureCycle Technologies
PCT
$1.45B
| $3.77M | ﹤0.01% |
+544,766
| New | +$4.9M |
|
3033
ABM Industries
ABM
$2.88B
| $3.77M | ﹤0.01% |
79,533
+1,734
| +2% | +$89.2K |
|
3034
MaxCyte
MXCT
$119M
| $3.76M | ﹤0.01% |
1,378,329
-1,362,542
| -50% | -$5.37M |
|
|
CMRC
3035
Commerce.com Inc Series 1
CMRC
$269M
| $3.76M | ﹤0.01% |
652,688
-592,423
| -48% | -$3.76M |
|
3036
Tyra Biosciences
TYRA
$1.93B
| $3.76M | ﹤0.01% |
404,165
+89,024
| +28% | +$1.15M |
|
3037
GoDaddy
GDDY
$11.3B
| $3.75M | ﹤0.01% |
20,843
+1,820
| +10% | +$348K |
|
3038
PUT
Fastenal
FAST
$57B
| $3.75M | ﹤0.01% |
96,800
-213,800
| -69% | -$8.01M |
|
3039
American Water Works
AWK
$26.6B
| $3.75M | ﹤0.01% |
25,405
-116,697
| -82% | -$15.4M |
|
3040
PUT
American International
AIG
$42.1B
| $3.75M | ﹤0.01% |
43,100
+26,900
| +166% | +$2.09M |
|
3041
Barrett Business Services
BBSI
$984M
| $3.75M | ﹤0.01% |
+91,049
| New | +$3.8M |
|
3042
Amprius Technologies
AMPX
$1.53B
| $3.74M | ﹤0.01% |
1,396,013
+678,442
| +95% | +$2M |
|
3043
Sally Beauty Holdings
SBH
$1.58B
| $3.74M | ﹤0.01% |
414,241
-721,880
| -64% | -$7.11M |
|
3044
CALL
Commault Systems
CVLT
$5.47B
| $3.74M | ﹤0.01% |
+23,700
| New | +$3.9M |
|
3045
Blackstone Secured Lending
BXSL
$5.53B
| $3.74M | ﹤0.01% |
115,523
-133,341
| -54% | -$4.4M |
|
3046
Treace Medical Concepts
TMCI
$307M
| $3.73M | ﹤0.01% |
444,887
+116,114
| +35% | +$1.04M |
|
3047
CALL
Hims & Hers Health
HIMS
$7.44B
| $3.73M | ﹤0.01% |
126,100
-141,800
| -53% | -$5.27M |
|
3048
LegalZoom.com
LZ
$1.44B
| $3.73M | ﹤0.01% |
432,637
-31,267
| -7% | -$280K |
|
3049
Boston Properties
BXP
$11.3B
| $3.72M | ﹤0.01% |
55,393
+36,310
| +190% | +$2.55M |
|
3050
iShares 7-10 Year Treasury Bond ETF
IEF
$47.3B
| $3.72M | ﹤0.01% |
39,008
-105,898
| -73% | -$9.91M |
|
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.