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 | |
|---|---|---|---|---|---|---|
3051
POSCO
PKX
$16.5B
| $3.72M | ﹤0.01% |
78,227
-366,322
| -82% | -$17.1M |
|
3052
Lexeo Therapeutics
LXEO
$346M
| $3.72M | ﹤0.01% |
1,071,489
+929,538
| +655% | +$4.12M |
|
|
ETWO
3053
DELISTED
E2open Parent Holdings
ETWO
| $3.71M | ﹤0.01% |
1,856,005
+1,591,651
| +602% | +$3.95M |
|
3054
Northeast Bank
NBN
$1.16B
| $3.71M | ﹤0.01% |
40,544
+22,651
| +127% | +$2.21M |
|
3055
BGC Group
BGC
$5.25B
| $3.71M | ﹤0.01% |
404,381
+253,317
| +168% | +$2.37M |
|
3056
Barnes & Noble Education
BNED
$447M
| $3.69M | ﹤0.01% |
351,566
+298,366
| +561% | +$3.08M |
|
3057
Instil Bio
TIL
$49.2M
| $3.68M | ﹤0.01% |
212,244
+158,991
| +299% | +$3.3M |
|
3058
DigitalOcean
DOCN
$15.1B
| $3.68M | ﹤0.01% |
110,341
+87,787
| +389% | +$3.43M |
|
3059
Woodside Energy
WDS
$42.6B
| $3.68M | ﹤0.01% |
254,236
-140,031
| -36% | -$2.13M |
|
3060
iRadimed
IRMD
$1.19B
| $3.68M | ﹤0.01% |
70,147
+26,096
| +59% | +$1.47M |
|
3061
Olema Pharmaceuticals
OLMA
$1.03B
| $3.68M | ﹤0.01% |
978,848
-371
| -0% | -$1.87K |
|
3062
Xponential Fitness
XPOF
$280M
| $3.68M | ﹤0.01% |
441,569
+288,899
| +189% | +$4.03M |
|
3063
Financial Institutions
FISI
$841M
| $3.68M | ﹤0.01% |
147,332
+120,954
| +459% | +$3.27M |
|
3064
BJ's Restaurants
BJRI
$1.43B
| $3.68M | ﹤0.01% |
107,286
-44,565
| -29% | -$1.58M |
|
3065
Nordic American Tanker
NAT
$1.33B
| $3.67M | ﹤0.01% |
1,492,100
+819,003
| +122% | +$2.16M |
|
3066
Takeda Pharmaceutical
TAK
$52.9B
| $3.67M | ﹤0.01% |
246,657
-1,754,246
| -88% | -$24.6M |
|
3067
CALL
Lamb Weston
LW
$7.31B
| $3.66M | ﹤0.01% |
68,700
-154,000
| -69% | -$8.72M |
|
3068
Rapid7
RPD
$720M
| $3.66M | ﹤0.01% |
138,114
+87,092
| +171% | +$2.96M |
|
3069
U-Haul Holding Co
UHAL
$14.4B
| $3.66M | ﹤0.01% |
+55,973
| New | +$3.88M |
|
|
BNY
3070
PUT
Bank of New York Mellon
BNY
$106B
| $3.66M | ﹤0.01% |
43,600
+13,000
| +42% | +$1.09M |
|
3071
PUT
Fabrinet
FN
$19B
| $3.65M | ﹤0.01% |
+18,500
| New | +$4.04M |
|
3072
PUT
Ferguson
FERG
$49.6B
| $3.65M | ﹤0.01% |
22,800
+4,200
| +23% | +$728K |
|
3073
PUT
Teradyne
TER
$63.1B
| $3.65M | ﹤0.01% |
44,200
-8,800
| -17% | -$984K |
|
3074
PUT
Ovintiv
OVV
$16.8B
| $3.65M | ﹤0.01% |
85,200
+51,400
| +152% | +$2.19M |
|
3075
Cosan
CSAN
$3.09B
| $3.64M | ﹤0.01% |
697,368
+332,650
| +91% | +$1.75M |
|
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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.