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 | |
|---|---|---|---|---|---|---|
|
TTAN
3626
ServiceTitan Inc
TTAN
$8.23B
| $2.09M | ﹤0.01% |
21,964
-86,050
| -80% | -$8.35M |
|
3627
CALL
Bruker
BRKR
$7.66B
| $2.09M | ﹤0.01% |
+50,000
| New | +$2.6M |
|
3628
PUT
Cenovus Energy
CVE
$53B
| $2.09M | ﹤0.01% |
150,000
| – | – |
|
3629
Cardiff Oncology
CRDF
$72.3M
| $2.09M | ﹤0.01% |
664,480
+223,536
| +51% | +$884K |
|
3630
PUT
FirstEnergy
FE
$27.9B
| $2.09M | ﹤0.01% |
+51,600
| New | +$2.05M |
|
3631
Golar LNG
GLNG
$5.03B
| $2.09M | ﹤0.01% |
54,889
-4,583,156
| -99% | -$180M |
|
3632
PUT
Grab
GRAB
$15.2B
| $2.08M | ﹤0.01% |
+460,000
| New | +$2.15M |
|
3633
CALL
Huntington Bancshares
HBAN
$35.5B
| $2.08M | ﹤0.01% |
138,800
-61,200
| -31% | -$986K |
|
3634
Frequency Electronics
FEIM
$771M
| $2.08M | ﹤0.01% |
133,075
+103,453
| +349% | +$1.7M |
|
3635
First National Corp
FXNC
$288M
| $2.08M | ﹤0.01% |
92,706
+75,481
| +438% | +$1.81M |
|
|
ITOS
3636
DELISTED
iTeos Therapeutics
ITOS
| $2.08M | ﹤0.01% |
348,359
-62,713
| -15% | -$460K |
|
3637
PUT
US Global Jets ETF
JETS
$822M
| $2.08M | ﹤0.01% |
+100,000
| New | +$2.45M |
|
3638
CALL
Fortinet
FTNT
$123B
| $2.07M | ﹤0.01% |
21,500
-46,500
| -68% | -$4.71M |
|
3639
Moog Inc Class A
MOG.A
$12.9B
| $2.07M | ﹤0.01% |
11,932
+10,657
| +836% | +$1.96M |
|
|
YMAB
3640
DELISTED
Y-mAbs Therapeutics
YMAB
| $2.07M | ﹤0.01% |
466,620
+431,173
| +1,216% | +$2.5M |
|
3641
CALL
Consolidated Edison
ED
$40B
| $2.06M | ﹤0.01% |
18,600
+14,800
| +389% | +$1.45M |
|
3642
Acuity Brands
AYI
$10.4B
| $2.05M | ﹤0.01% |
7,795
-72,310
| -90% | -$21.9M |
|
3643
CALL
Ares Management
ARES
$32.2B
| $2.05M | ﹤0.01% |
+14,000
| New | +$2.42M |
|
3644
Aurora
AUR
$14.2B
| $2.05M | ﹤0.01% |
+304,582
| New | +$2.18M |
|
|
CVSA
3645
Covista Inc
CVSA
$4.42B
| $2.04M | ﹤0.01% |
20,296
-119,394
| -85% | -$11.9M |
|
3646
CALL
Vale
VALE
$63.1B
| $2.04M | ﹤0.01% |
204,000
-1,662,000
| -89% | -$15.7M |
|
3647
Minerals Technologies
MTX
$2.34B
| $2.04M | ﹤0.01% |
32,015
-39,862
| -55% | -$2.84M |
|
3648
PUT
Matador Resources
MTDR
$6.06B
| $2.03M | ﹤0.01% |
39,800
-50,200
| -56% | -$2.77M |
|
3649
CALL
TKO Group
TKO
$13.8B
| $2.03M | ﹤0.01% |
13,300
+11,700
| +731% | +$1.79M |
|
|
RWT
3650
Redwood Trust
RWT
$589M
| $2.03M | ﹤0.01% |
334,642
+246,639
| +280% | +$1.58M |
|
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.