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 | |
|---|---|---|---|---|---|---|
4176
FNB Corp
FNB
$6.83B
| $1.06M | ﹤0.01% |
78,915
-820,583
| -91% | -$12M |
|
4177
Construction Partners
ROAD
$6.11B
| $1.06M | ﹤0.01% |
14,748
+11,891
| +416% | +$937K |
|
4178
PUT
Plains GP Holdings
PAGP
$5.15B
| $1.06M | ﹤0.01% |
49,600
+24,500
| +98% | +$516K |
|
4179
Adtran
ADTN
$718M
| $1.06M | ﹤0.01% |
121,262
-943,327
| -89% | -$9.49M |
|
|
OCSAW
4180
CALL
Oculis Holding AG Warrants
OCSAW
$234M
| $1.06M | ﹤0.01% |
140,000
| – | – |
|
4181
iShares Broad USD High Yield Corporate Bond ETF
USHY
$28.6B
| $1.06M | ﹤0.01% |
28,697
-45,423
| -61% | -$1.68M |
|
4182
CALL
SBA Communications
SBAC
$19B
| $1.06M | ﹤0.01% |
+4,800
| New | +$1M |
|
|
SEG
4183
Seaport Entertainment Group
SEG
$334M
| $1.05M | ﹤0.01% |
49,088
+39,528
| +413% | +$966K |
|
4184
Afya
AFYA
$1.3B
| $1.05M | ﹤0.01% |
+58,721
| New | +$979K |
|
4185
Willdan Group
WLDN
$1.11B
| $1.05M | ﹤0.01% |
25,822
-109,530
| -81% | -$4.05M |
|
|
TSVT
4186
DELISTED
2seventy bio
TSVT
| $1.05M | ﹤0.01% |
212,298
+163,533
| +335% | +$520K |
|
|
NIU
4187
Niu Technologies
NIU
$202M
| $1.05M | ﹤0.01% |
256,961
+240,195
| +1,433% | +$598K |
|
4188
CALL
Royal Gold
RGLD
$17.1B
| $1.05M | ﹤0.01% |
+6,400
| New | +$939K |
|
4189
PUT
Fluor
FLR
$7.01B
| $1.05M | ﹤0.01% |
29,200
+19,400
| +198% | +$838K |
|
|
TEAD
4190
Teads Holding Co
TEAD
$78.8M
| $1.05M | ﹤0.01% |
280,406
+266,185
| +1,872% | +$1.5M |
|
4191
Imperial Oil
IMO
$61.1B
| $1.05M | ﹤0.01% |
14,457
+4,029
| +39% | +$277K |
|
4192
Fidus Investment
FDUS
$766M
| $1.04M | ﹤0.01% |
+51,180
| New | +$1.12M |
|
|
NAK
4193
Northern Dynasty Minerals
NAK
$818M
| $1.04M | ﹤0.01% |
917,029
+640,395
| +231% | +$466K |
|
4194
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.5B
| $1.04M | ﹤0.01% |
31,353
+5,876
| +23% | +$194K |
|
|
CGAU
4195
Centerra Gold
CGAU
$3.44B
| $1.04M | ﹤0.01% |
163,928
-421,310
| -72% | -$2.57M |
|
|
JEQ
4196
DELISTED
abrdn Japan Equity Fund
JEQ
| $1.04M | ﹤0.01% |
159,870
+125,146
| +360% | +$752K |
|
4197
Compass Therapeutics
CMPX
$340M
| $1.04M | ﹤0.01% |
545,088
+511,231
| +1,510% | +$1.36M |
|
4198
Eagle Bancorp Montana
EBMT
$188M
| $1.04M | ﹤0.01% |
+61,778
| New | +$1M |
|
4199
RLJ Lodging Trust
RLJ
$1.87B
| $1.04M | ﹤0.01% |
131,214
+8,601
| +7% | +$80.7K |
|
4200
Gladstone Investment Corp
GAIN
$662M
| $1.03M | ﹤0.01% |
77,424
+46,407
| +150% | +$623K |
|
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.