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 | |
|---|---|---|---|---|---|---|
376
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45B
| $93.6M | 0.05% |
222,901
+153,219
| +220% | +$66.3M |
|
377
Hormel Foods
HRL
$14.2B
| $93.5M | 0.05% |
3,021,887
-1,466,791
| -33% | -$43.6M |
|
378
CALL
Nucor
NUE
$58.3B
| $93.1M | 0.05% |
773,800
-176,400
| -19% | -$22.7M |
|
379
T. Rowe Price
TROW
$25.5B
| $93M | 0.05% |
1,012,209
+887,956
| +715% | +$93.8M |
|
|
SCHW
380
PUT
Charles Schwab
SCHW
$182B
| $92.9M | 0.05% |
1,186,500
-733,600
| -38% | -$57.6M |
|
381
CALL
Boeing
BA
$169B
| $92.6M | 0.05% |
543,000
-75,900
| -12% | -$13.1M |
|
382
PUT
Starbucks
SBUX
$119B
| $92.5M | 0.05% |
942,900
+164,000
| +21% | +$17M |
|
383
ConocoPhillips
COP
$144B
| $92.5M | 0.05% |
880,548
-4,214,932
| -83% | -$420M |
|
384
Cameco
CCJ
$36.8B
| $91.8M | 0.05% |
2,231,188
+2,206,266
| +8,853% | +$104M |
|
385
PUT
Lowe's Companies
LOW
$121B
| $91.7M | 0.05% |
393,000
-239,500
| -38% | -$58.9M |
|
386
Weyerhaeuser
WY
$17.6B
| $91.7M | 0.05% |
3,130,367
+3,027,823
| +2,953% | +$90.1M |
|
387
Lennar Class A
LEN
$20.4B
| $90.8M | 0.05% |
791,083
+431,412
| +120% | +$53.9M |
|
388
JPMorgan Chase
JPM
$916B
| $90.7M | 0.05% |
369,800
-1,305,183
| -78% | -$333M |
|
389
CALL
State Street SPDR S&P Retail ETF
XRT
$457M
| $90.5M | 0.05% |
1,310,000
-38,800
| -3% | -$2.93M |
|
|
390
PUT
State Street SPDR S&P Retail ETF
XRT
$457M
| $90.5M | 0.05% |
1,310,000
+330,000
| +34% | +$24.9M |
|
|
GAP
391
The Gap Inc
GAP
$7.3B
| $90.4M | 0.05% |
4,387,711
+2,570,413
| +141% | +$57.8M |
|
392
CALL
PayPal
PYPL
$50.3B
| $90.3M | 0.05% |
1,384,300
+522,000
| +61% | +$40.7M |
|
393
Knight Transportation
KNX
$11.5B
| $90.2M | 0.05% |
2,074,927
-1,429,769
| -41% | -$73.7M |
|
394
RB Global
RBA
$21.5B
| $90.2M | 0.05% |
899,006
+399,414
| +80% | +$38.1M |
|
395
Westlake Corp
WLK
$9.26B
| $90.1M | 0.05% |
901,229
+708,142
| +367% | +$78.4M |
|
|
396
Nucor
NUE
$58.3B
| $90.1M | 0.05% |
749,117
-567,860
| -43% | -$73.2M |
|
397
Abbott
ABT
$188B
| $90M | 0.05% |
678,720
+106,611
| +19% | +$13.6M |
|
398
PUT
FedEx
FDX
$73B
| $89.9M | 0.05% |
368,900
+216,000
| +141% | +$56M |
|
399
Lyft
LYFT
$5.86B
| $89.7M | 0.05% |
7,554,376
-988,294
| -12% | -$12.9M |
|
400
Zoetis
ZTS
$32.7B
| $89.6M | 0.05% |
544,428
+119,011
| +28% | +$19.8M |
|
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.