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 | |
|---|---|---|---|---|---|---|
3576
PUT
NRG Energy
NRG
$24.7B
| $2.2M | ﹤0.01% |
23,000
+13,500
| +142% | +$1.37M |
|
3577
PUT
Caesars Entertainment
CZR
$6.06B
| $2.19M | ﹤0.01% |
87,800
-21,100
| -19% | -$686K |
|
3578
CALL
Vail Resorts
MTN
$5.32B
| $2.19M | ﹤0.01% |
+13,700
| New | +$2.28M |
|
3579
MacroGenics
MGNX
$243M
| $2.19M | ﹤0.01% |
1,724,250
-1,140,471
| -40% | -$2.98M |
|
3580
Cogent Communications
CCOI
$663M
| $2.19M | ﹤0.01% |
35,699
+31,171
| +688% | +$2.3M |
|
3581
MINISO
MNSO
$3.84B
| $2.19M | ﹤0.01% |
118,350
-58,616
| -33% | -$1.28M |
|
3582
Navient
NAVI
$830M
| $2.19M | ﹤0.01% |
173,189
-52,712
| -23% | -$720K |
|
3583
CALL
C3.ai
AI
$1.56B
| $2.19M | ﹤0.01% |
103,900
-56,300
| -35% | -$1.6M |
|
|
OLO
3584
DELISTED
Olo Inc
OLO
| $2.19M | ﹤0.01% |
361,758
-782,685
| -68% | -$5.46M |
|
3585
Methode Electronics
MEI
$499M
| $2.18M | ﹤0.01% |
342,135
-122,374
| -26% | -$1.21M |
|
3586
CALL
Carrier Global
CARR
$52.1B
| $2.18M | ﹤0.01% |
34,400
-65,200
| -65% | -$4.33M |
|
3587
US Global Jets ETF
JETS
$822M
| $2.18M | ﹤0.01% |
+104,943
| New | +$2.57M |
|
|
CMA
3588
PUT
DELISTED
Comerica
CMA
| $2.18M | ﹤0.01% |
36,900
-16,500
| -31% | -$1.04M |
|
3589
Simply Good Foods
SMPL
$1B
| $2.18M | ﹤0.01% |
63,129
-287,354
| -82% | -$10.4M |
|
3590
World Acceptance Corp
WRLD
$877M
| $2.17M | ﹤0.01% |
17,178
+10,899
| +174% | +$1.42M |
|
3591
Donegal Group Class A
DGICA
$732M
| $2.17M | ﹤0.01% |
110,529
+7,233
| +7% | +$118K |
|
3592
Palmer Square Capital BDC
PSBD
$303M
| $2.16M | ﹤0.01% |
162,427
+4,831
| +3% | +$73.8K |
|
3593
PUT
Simon Property Group
SPG
$74.3B
| $2.16M | ﹤0.01% |
13,000
+6,300
| +94% | +$1.1M |
|
3594
CALL
AeroVironment
AVAV
$8.55B
| $2.16M | ﹤0.01% |
18,100
+14,300
| +376% | +$2.2M |
|
3595
SmartFinancial
SMBK
$909M
| $2.16M | ﹤0.01% |
69,405
+9,150
| +15% | +$304K |
|
3596
PUT
Franco-Nevada
FNV
$41.4B
| $2.14M | ﹤0.01% |
13,600
+800
| +6% | +$112K |
|
3597
Woori Financial
WF
$17B
| $2.14M | ﹤0.01% |
64,168
+6,571
| +11% | +$219K |
|
3598
PUT
GitLab
GTLB
$6.16B
| $2.14M | ﹤0.01% |
45,500
-216,100
| -83% | -$13.2M |
|
3599
Amplitude
AMPL
$1.26B
| $2.14M | ﹤0.01% |
209,814
+196,063
| +1,426% | +$2.32M |
|
3600
Citizens Community Bancorp
CZWI
$211M
| $2.13M | ﹤0.01% |
148,305
+122,754
| +480% | +$1.88M |
|
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.