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 | |
|---|---|---|---|---|---|---|
3551
CALL
Crocs
CROX
$6.47B
| $2.28M | ﹤0.01% |
21,500
-16,500
| -43% | -$1.71M |
|
3552
Frontier Group Holdings
ULCC
$1.77B
| $2.27M | ﹤0.01% |
524,018
-945,509
| -64% | -$7.04M |
|
3553
Provident Financial Services
PFS
$3.28B
| $2.27M | ﹤0.01% |
132,102
+31,958
| +32% | +$581K |
|
3554
The Bancorp
TBBK
$2.96B
| $2.26M | ﹤0.01% |
42,739
-191,596
| -82% | -$10.6M |
|
3555
Health Catalyst
HCAT
$163M
| $2.26M | ﹤0.01% |
498,081
-1,487,611
| -75% | -$7.87M |
|
3556
CALL
Interactive Brokers
IBKR
$39.5B
| $2.25M | ﹤0.01% |
+54,400
| New | +$2.7M |
|
3557
CALL
American International
AIG
$41.8B
| $2.24M | ﹤0.01% |
25,800
-21,400
| -45% | -$1.66M |
|
3558
Cars.com
CARS
$676M
| $2.24M | ﹤0.01% |
198,882
+139,178
| +233% | +$2.11M |
|
3559
Ameresco
AMRC
$1.2B
| $2.24M | ﹤0.01% |
185,524
+470
| +0.3% | +$8.51K |
|
|
VACH
3560
DELISTED
Voyager Acquisition Corp
VACH
| $2.24M | ﹤0.01% |
220,000
| – | – |
|
3561
Republic Bancorp
RBCAA
$1.95B
| $2.24M | ﹤0.01% |
35,085
+30,432
| +654% | +$2.02M |
|
3562
Aveanna Healthcare
AVAH
$2.09B
| $2.24M | ﹤0.01% |
412,976
+12,602
| +3% | +$59.5K |
|
3563
CALL
Plains GP Holdings
PAGP
$5.15B
| $2.23M | ﹤0.01% |
+104,600
| New | +$2.2M |
|
3564
Nerdy
NRDY
$108M
| $2.23M | ﹤0.01% |
1,566,915
+151,476
| +11% | +$255K |
|
3565
Janux Therapeutics
JANX
$934M
| $2.22M | ﹤0.01% |
82,273
-33,829
| -29% | -$1.28M |
|
3566
Oceaneering
OII
$4.85B
| $2.22M | ﹤0.01% |
101,828
+55,928
| +122% | +$1.33M |
|
3567
Douglas Elliman
DOUG
$158M
| $2.22M | ﹤0.01% |
1,289,516
+503,712
| +64% | +$911K |
|
3568
John B. Sanfilippo & Son
JBSS
$993M
| $2.22M | ﹤0.01% |
31,298
-84,074
| -73% | -$6.43M |
|
3569
PUT
Dover
DOV
$27.7B
| $2.21M | ﹤0.01% |
12,600
+1,900
| +18% | +$365K |
|
3570
NBT Bancorp
NBTB
$2.75B
| $2.21M | ﹤0.01% |
51,434
-2,338
| -4% | -$108K |
|
3571
Applied Optoelectronics
AAOI
$10.6B
| $2.2M | ﹤0.01% |
143,624
+135,749
| +1,724% | +$3.41M |
|
3572
CALL
American Airlines Group
AAL
$11B
| $2.2M | ﹤0.01% |
208,800
-125,200
| -37% | -$1.89M |
|
3573
CALL
Agilent Technologies
A
$39.5B
| $2.2M | ﹤0.01% |
18,800
+400
| +2% | +$53.9K |
|
3574
Monopar Therapeutics
MNPR
$794M
| $2.2M | ﹤0.01% |
+60,367
| New | +$2.18M |
|
3575
CALL
Clear Secure
YOU
$5.62B
| $2.2M | ﹤0.01% |
84,800
+25,800
| +44% | +$642K |
|
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.