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 | |
|---|---|---|---|---|---|---|
3326
ThredUp
TDUP
$801M
| $2.88M | ﹤0.01% |
1,195,897
+1,114,480
| +1,369% | +$2.57M |
|
3327
Mercantile Bank Corp
MBWM
$1.06B
| $2.88M | ﹤0.01% |
66,303
-66,474
| -50% | -$3.08M |
|
3328
AerSale
ASLE
$305M
| $2.88M | ﹤0.01% |
+384,499
| New | +$2.75M |
|
3329
iShares Core US Aggregate Bond ETF
AGG
$138B
| $2.87M | ﹤0.01% |
29,053
-34,637
| -54% | -$3.39M |
|
3330
Western New England Bancorp
WNEB
$282M
| $2.87M | ﹤0.01% |
308,914
+179,022
| +138% | +$1.65M |
|
|
SVC
3331
Service Properties Trust
SVC
$1.03B
| $2.86M | ﹤0.01% |
218,906
-152,884
| -41% | -$2.07M |
|
|
NUTX
3332
Nutex Health
NUTX
$1.09B
| $2.85M | ﹤0.01% |
60,696
+53,969
| +802% | +$2.63M |
|
|
XRN
3333
Chiron Real Estate Inc
XRN
$463M
| $2.85M | ﹤0.01% |
65,223
+57,744
| +772% | +$2.39M |
|
3334
Blue Ridge Bankshares
BRBS
$331M
| $2.85M | ﹤0.01% |
872,929
+574,427
| +192% | +$1.96M |
|
3335
RUM Group Inc
RUM
$1.72B
| $2.84M | ﹤0.01% |
402,034
-379,713
| -49% | -$3.96M |
|
3336
Fastenal
FAST
$57.5B
| $2.84M | ﹤0.01% |
73,196
-203,304
| -74% | -$7.62M |
|
3337
Werner Enterprises
WERN
$2.31B
| $2.84M | ﹤0.01% |
96,775
-89,286
| -48% | -$3M |
|
3338
uniQure
QURE
$3.04B
| $2.82M | ﹤0.01% |
265,666
-198,869
| -43% | -$2.79M |
|
3339
SiriusPoint
SPNT
$2.74B
| $2.81M | ﹤0.01% |
162,769
+42,749
| +36% | +$637K |
|
|
JBTM
3340
JBT Marel
JBTM
$6.42B
| $2.81M | ﹤0.01% |
23,000
-557,771
| -96% | -$70.6M |
|
3341
PUT
PPG Industries
PPG
$26.4B
| $2.81M | ﹤0.01% |
25,700
+19,100
| +289% | +$2.2M |
|
|
PWOD
3342
DELISTED
Penns Woods Bancorp
PWOD
| $2.81M | ﹤0.01% |
100,621
+49,322
| +96% | +$1.47M |
|
3343
Vir Biotechnology
VIR
$1.54B
| $2.81M | ﹤0.01% |
433,378
-1,281,705
| -75% | -$11.4M |
|
3344
FuboTV Inc
FUBO
$299M
| $2.8M | ﹤0.01% |
80,037
-505,609
| -86% | -$22M |
|
3345
PUT
Markel Group
MKL
$23.2B
| $2.8M | ﹤0.01% |
1,500
+1,300
| +650% | +$2.39M |
|
3346
Energy Recovery
ERII
$461M
| $2.8M | ﹤0.01% |
176,486
+42,445
| +32% | +$646K |
|
3347
Clearwater Paper
CLW
$372M
| $2.8M | ﹤0.01% |
110,204
-319,060
| -74% | -$8.89M |
|
3348
PUT
CarMax
KMX
$8.08B
| $2.79M | ﹤0.01% |
35,800
-3,100
| -8% | -$249K |
|
3349
Ultrapar
UGP
$6.73B
| $2.79M | ﹤0.01% |
904,555
-270,897
| -23% | -$777K |
|
3350
Red Cat Holdings
RCAT
$1.33B
| $2.78M | ﹤0.01% |
473,299
+412,435
| +678% | +$3.3M |
|
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.