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 | |
|---|---|---|---|---|---|---|
3426
Quest Diagnostics
DGX
$26B
| $2.58M | ﹤0.01% |
15,276
-638,498
| -98% | -$105M |
|
3427
PUT
Inspire Medical Systems
INSP
$1.76B
| $2.58M | ﹤0.01% |
16,200
-76,800
| -83% | -$13.9M |
|
3428
PUT
Diageo
DEO
$49.3B
| $2.58M | ﹤0.01% |
24,600
+19,300
| +364% | +$2.18M |
|
3429
Realty Income
O
$58B
| $2.58M | ﹤0.01% |
44,433
-1,262,556
| -97% | -$69.9M |
|
3430
CALL
Affirm
AFRM
$26.6B
| $2.58M | ﹤0.01% |
57,000
+32,500
| +133% | +$1.93M |
|
|
PCSC
3431
DELISTED
Perceptive Capital Solutions
PCSC
| $2.58M | ﹤0.01% |
250,000
| – | – |
|
3432
CALL
Astera Labs
ALAB
$55.6B
| $2.57M | ﹤0.01% |
+43,100
| New | +$3.99M |
|
3433
Hawthorn Bancshares
HWBK
$271M
| $2.57M | ﹤0.01% |
91,050
+65,169
| +252% | +$2M |
|
3434
RLI Corp
RLI
$5.75B
| $2.57M | ﹤0.01% |
31,988
-24,004
| -43% | -$1.83M |
|
3435
General Mills
GIS
$19.1B
| $2.56M | ﹤0.01% |
42,865
-255,423
| -86% | -$15.3M |
|
3436
Fulton Financial
FULT
$4.76B
| $2.56M | ﹤0.01% |
141,665
-1,337,070
| -90% | -$26.1M |
|
3437
iShares US Aerospace & Defense ETF
ITA
$14.7B
| $2.56M | ﹤0.01% |
+16,733
| New | +$2.56M |
|
3438
Groupon
GRPN
$1.11B
| $2.56M | ﹤0.01% |
+136,451
| New | +$1.73M |
|
|
CCIR
3439
DELISTED
Cohen Circle Acquisition Corp. I Class A Ordinary Shares
CCIR
| $2.56M | ﹤0.01% |
+228,348
| New | +$2.52M |
|
3440
CALL
GoDaddy
GDDY
$11.6B
| $2.56M | ﹤0.01% |
14,200
+7,900
| +125% | +$1.51M |
|
3441
iShares MSCI ACWI ETF
ACWI
$33.4B
| $2.56M | ﹤0.01% |
21,963
+17,617
| +405% | +$2.11M |
|
3442
Celanese
CE
$4.61B
| $2.55M | ﹤0.01% |
44,974
-1,800,353
| -98% | -$112M |
|
|
PENG
3443
Penguin Solutions Inc
PENG
$2.89B
| $2.55M | ﹤0.01% |
146,744
-278,388
| -65% | -$5.47M |
|
3444
Assured Guaranty
AGO
$3.69B
| $2.55M | ﹤0.01% |
28,888
-20,801
| -42% | -$1.87M |
|
3445
CALL
Booz Allen Hamilton
BAH
$8.74B
| $2.54M | ﹤0.01% |
24,300
+17,000
| +233% | +$2.05M |
|
|
NREF
3446
NexPoint Real Estate Finance
NREF
$325M
| $2.54M | ﹤0.01% |
166,049
-34,037
| -17% | -$533K |
|
|
ELME
3447
Elme Communities
ELME
$144M
| $2.54M | ﹤0.01% |
145,778
+79,516
| +120% | +$1.28M |
|
3448
Wabtec
WAB
$50.2B
| $2.54M | ﹤0.01% |
13,979
-366,441
| -96% | -$70.3M |
|
3449
Repligen
RGEN
$8.7B
| $2.53M | ﹤0.01% |
19,897
+10,566
| +113% | +$1.63M |
|
|
SEPN
3450
Septerna Inc
SEPN
$1.78B
| $2.53M | ﹤0.01% |
+436,564
| New | +$4.98M |
|
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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.