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 | |
|---|---|---|---|---|---|---|
|
LEGT.U
4026
DELISTED
Legato Merger Corp III Units
LEGT.U
| $1.32M | ﹤0.01% |
125,000
| – | – |
|
4027
Dime Commercial Bancshares
DCOM
$1.82B
| $1.32M | ﹤0.01% |
+47,176
| New | +$1.43M |
|
4028
CALL
Addus HomeCare
ADUS
$2.18B
| $1.32M | ﹤0.01% |
+13,300
| New | +$1.48M |
|
|
HSII
4029
DELISTED
Heidrick & Struggles
HSII
| $1.31M | ﹤0.01% |
30,692
-77,958
| -72% | -$3.45M |
|
|
GB
4030
DELISTED
Global Blue Group Holding
GB
| $1.31M | ﹤0.01% |
+178,514
| New | +$1.29M |
|
|
AVR
4031
Anteris Technologies
AVR
$806M
| $1.31M | ﹤0.01% |
360,144
+46,846
| +15% | +$301K |
|
4032
DMC Global
BOOM
$149M
| $1.31M | ﹤0.01% |
155,216
+136,507
| +730% | +$1.11M |
|
4033
PUT
Alaska Air
ALK
$5.6B
| $1.3M | ﹤0.01% |
26,400
+12,400
| +89% | +$814K |
|
4034
CNB Financial Corp
CCNE
$1.05B
| $1.3M | ﹤0.01% |
58,397
+22,297
| +62% | +$542K |
|
4035
Texas Pacific Land
TPL
$28B
| $1.3M | ﹤0.01% |
2,937
-5,262
| -64% | -$2.35M |
|
4036
PUT
Clorox
CLX
$11.9B
| $1.3M | ﹤0.01% |
8,800
-5,500
| -38% | -$840K |
|
|
GRDN
4037
Guardian Pharmacy Services
GRDN
$2.58B
| $1.3M | ﹤0.01% |
+60,935
| New | +$1.25M |
|
4038
ImmunityBio
IBRX
$7.49B
| $1.29M | ﹤0.01% |
429,753
+195,675
| +84% | +$593K |
|
4039
NuScale Power
SMR
$3.12B
| $1.29M | ﹤0.01% |
91,209
-839,856
| -90% | -$17M |
|
4040
MainStreet Bancshares
MNSB
$166M
| $1.29M | ﹤0.01% |
77,138
+18,790
| +32% | +$316K |
|
4041
Forum Energy Technologies
FET
$791M
| $1.29M | ﹤0.01% |
64,005
+19,734
| +45% | +$365K |
|
4042
KNOT Offshore Partners
KNOP
$370M
| $1.29M | ﹤0.01% |
184,188
+42,685
| +30% | +$247K |
|
4043
Vanguard FTSE All-World ex-US ETF
VEU
$66.9B
| $1.28M | ﹤0.01% |
+21,172
| New | +$1.28M |
|
4044
Cardlytics
CDLX
$23.6M
| $1.28M | ﹤0.01% |
70,564
+56,140
| +389% | +$1.6M |
|
4045
PUT
Labcorp
LH
$24.9B
| $1.28M | ﹤0.01% |
+5,500
| New | +$1.33M |
|
4046
PUT
Aon
AON
$75.9B
| $1.28M | ﹤0.01% |
3,200
-35,600
| -92% | -$13.6M |
|
4047
DiaMedica Therapeutics
DMAC
$351M
| $1.28M | ﹤0.01% |
336,880
+252,051
| +297% | +$1.44M |
|
4048
Dollar General
DG
$28.2B
| $1.28M | ﹤0.01% |
14,511
-1,843,049
| -99% | -$140M |
|
4049
Ethan Allen Interiors
ETD
$598M
| $1.27M | ﹤0.01% |
45,976
-54,056
| -54% | -$1.54M |
|
|
SHYF
4050
DELISTED
The Shyft Group
SHYF
| $1.27M | ﹤0.01% |
157,324
+44,638
| +40% | +$479K |
|
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.