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 | |
|---|---|---|---|---|---|---|
3351
PUT
Ralph Lauren
RL
$22.8B
| $2.78M | ﹤0.01% |
12,600
-23,500
| -65% | -$5.82M |
|
3352
Beyond Meat
BYND
$320M
| $2.77M | ﹤0.01% |
909,576
+289,619
| +47% | +$1.07M |
|
|
GTLS
3353
DELISTED
Chart Industries
GTLS
| $2.77M | ﹤0.01% |
19,186
-79,792
| -81% | -$14.7M |
|
3354
First Mid Bancshares
FMBH
$1.39B
| $2.76M | ﹤0.01% |
79,213
+68,795
| +660% | +$2.54M |
|
3355
PUT
Insulet
PODD
$9.15B
| $2.76M | ﹤0.01% |
10,500
-5,600
| -35% | -$1.52M |
|
3356
MP Materials
MP
$8.47B
| $2.76M | ﹤0.01% |
112,934
+12,967
| +13% | +$301K |
|
3357
Bausch Health
BHC
$2.33B
| $2.76M | ﹤0.01% |
425,861
-17,496
| -4% | -$126K |
|
3358
ProQR Therapeutics
PRQR
$277M
| $2.75M | ﹤0.01% |
2,070,648
-756,632
| -27% | -$1.61M |
|
3359
Eledon Pharmaceuticals
ELDN
$267M
| $2.75M | ﹤0.01% |
810,876
+692,015
| +582% | +$2.85M |
|
|
KLG
3360
PUT
DELISTED
WK Kellogg Co
KLG
| $2.75M | ﹤0.01% |
137,800
+37,800
| +38% | +$689K |
|
|
FITB
3361
CALL
Fifth Third Bancorp
FITB
$52.4B
| $2.74M | ﹤0.01% |
70,000
+46,700
| +200% | +$1.97M |
|
3362
Paycom
PAYC
$8.12B
| $2.74M | ﹤0.01% |
12,549
-33,783
| -73% | -$7.13M |
|
3363
CALL
CDW
CDW
$18B
| $2.74M | ﹤0.01% |
17,100
-21,900
| -56% | -$3.98M |
|
3364
PUT
FMC
FMC
$1.37B
| $2.74M | ﹤0.01% |
64,900
+43,900
| +209% | +$1.95M |
|
|
GOLD
3365
Gold.com Inc
GOLD
$1.27B
| $2.74M | ﹤0.01% |
107,909
-179,939
| -63% | -$4.98M |
|
3366
Vale
VALE
$63.4B
| $2.74M | ﹤0.01% |
274,243
-6,656,209
| -96% | -$62.9M |
|
3367
CALL
Skyworks Solutions
SWKS
$10B
| $2.73M | ﹤0.01% |
42,300
-56,700
| -57% | -$4.32M |
|
|
SPKLU
3368
Spark I Acquisition Corp Unit
SPKLU
$274K
| $2.73M | ﹤0.01% |
250,000
| – | – |
|
3369
PUT
Carrier Global
CARR
$54.2B
| $2.73M | ﹤0.01% |
43,000
+30,200
| +236% | +$2.01M |
|
3370
CALL
Transmedics
TMDX
$2.6B
| $2.72M | ﹤0.01% |
+40,500
| New | +$2.79M |
|
|
PRO
3371
DELISTED
PROS Holdings
PRO
| $2.72M | ﹤0.01% |
143,168
-129,187
| -47% | -$3.01M |
|
|
BFS
3372
Saul Centers
BFS
$825M
| $2.72M | ﹤0.01% |
75,302
-18,679
| -20% | -$684K |
|
3373
ATN International
ATNI
$368M
| $2.72M | ﹤0.01% |
133,710
-99,973
| -43% | -$1.79M |
|
3374
CALL
Tenable Holdings
TENB
$4.03B
| $2.71M | ﹤0.01% |
77,500
-42,500
| -35% | -$1.66M |
|
|
SAIL
3375
SailPoint Inc
SAIL
$10B
| $2.71M | ﹤0.01% |
+144,561
| New | +$3.15M |
|
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.