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 | |
|---|---|---|---|---|---|---|
|
CTEV
3801
Claritev Corp
CTEV
$450M
| $1.73M | ﹤0.01% |
83,782
-69,003
| -45% | -$1.37M |
|
|
TWFG
3802
TWFG Inc
TWFG
$356M
| $1.73M | ﹤0.01% |
55,826
-23,935
| -30% | -$719K |
|
3803
CALL
Texas Pacific Land
TPL
$27.3B
| $1.72M | ﹤0.01% |
+3,900
| New | +$1.74M |
|
3804
Root
ROOT
$936M
| $1.72M | ﹤0.01% |
12,902
-7,146
| -36% | -$819K |
|
3805
Academy Sports + Outdoors
ASO
$3.02B
| $1.72M | ﹤0.01% |
37,721
-11,620
| -24% | -$597K |
|
3806
Essential Utilities
WTRG
$11.2B
| $1.72M | ﹤0.01% |
43,466
+29,404
| +209% | +$1.08M |
|
3807
Equity Bancshares
EQBK
$1.06B
| $1.72M | ﹤0.01% |
43,579
+22,572
| +107% | +$947K |
|
3808
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.2B
| $1.72M | ﹤0.01% |
34,585
+25,013
| +261% | +$1.25M |
|
3809
CALL
First Majestic Silver
AG
$8.13B
| $1.71M | ﹤0.01% |
256,000
+94,600
| +59% | +$563K |
|
3810
CALL
Nice
NICE
$6.05B
| $1.71M | ﹤0.01% |
11,100
-12,500
| -53% | -$2M |
|
3811
Black Diamond Therapeutics
BDTX
$102M
| $1.71M | ﹤0.01% |
1,103,912
+545,836
| +98% | +$1.14M |
|
3812
PUT
Emerson Electric
EMR
$89B
| $1.71M | ﹤0.01% |
15,600
-122,900
| -89% | -$14.8M |
|
|
YALA
3813
Yalla Group
YALA
$841M
| $1.7M | ﹤0.01% |
326,576
-258,708
| -44% | -$1.11M |
|
3814
PUT
Texas Roadhouse
TXRH
$13.7B
| $1.7M | ﹤0.01% |
10,200
-8,800
| -46% | -$1.56M |
|
3815
PAR Technology
PAR
$719M
| $1.7M | ﹤0.01% |
27,688
-117,424
| -81% | -$7.88M |
|
3816
Southside Bancshares
SBSI
$976M
| $1.7M | ﹤0.01% |
58,611
-5,392
| -8% | -$165K |
|
|
ASM
3817
Avino Silver & Gold Mines
ASM
$1.04B
| $1.69M | ﹤0.01% |
919,503
+360,905
| +65% | +$492K |
|
3818
Taboola.com
TBLA
$1.45B
| $1.69M | ﹤0.01% |
573,394
-1,644,048
| -74% | -$5.62M |
|
3819
Cadre Holdings
CDRE
$1.32B
| $1.69M | ﹤0.01% |
57,125
+25,121
| +78% | +$865K |
|
3820
Plug Power
PLUG
$3.01B
| $1.69M | ﹤0.01% |
1,252,440
+1,219,065
| +3,653% | +$2.32M |
|
3821
PUT
Northern Oil and Gas
NOG
$2.22B
| $1.69M | ﹤0.01% |
55,900
-84,200
| -60% | -$2.89M |
|
3822
Alexandria Real Estate Equities
ARE
$8.52B
| $1.69M | ﹤0.01% |
18,260
-377,926
| -95% | -$37M |
|
3823
CALL
Teladoc Health
TDOC
$1.22B
| $1.69M | ﹤0.01% |
212,100
+117,900
| +125% | +$1.19M |
|
3824
Cracker Barrel
CBRL
$1.28B
| $1.68M | ﹤0.01% |
43,337
-212,019
| -83% | -$10.7M |
|
3825
WisdomTree India Earnings Fund ETF
EPI
$2.06B
| $1.68M | ﹤0.01% |
38,460
-2,744
| -7% | -$118K |
|
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.