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 | |
|---|---|---|---|---|---|---|
4251
Lattice Semiconductor
LSCC
$18.1B
| $962K | ﹤0.01% |
18,336
-20,655
| -53% | -$1.23M |
|
4252
CALL
Stanley Black & Decker
SWK
$14.8B
| $961K | ﹤0.01% |
12,500
+500
| +4% | +$42.1K |
|
4253
Janus Henderson AAA CLO ETF
JAAA
$29.2B
| $961K | ﹤0.01% |
18,947
-68,204
| -78% | -$3.46M |
|
4254
Ribbon Communications
RBBN
$375M
| $961K | ﹤0.01% |
245,099
+233,646
| +2,040% | +$985K |
|
|
QBTS.WS
4255
CALL
DELISTED
D-Wave Quantum Inc Warrants
QBTS.WS
| $957K | ﹤0.01% |
260,000
| – | – |
|
4256
PUT
Ambarella
AMBA
$3.64B
| $956K | ﹤0.01% |
+19,000
| New | +$1.3M |
|
4257
PUT
Voya Financial
VOYA
$9.08B
| $955K | ﹤0.01% |
+14,100
| New | +$987K |
|
4258
CALL
Molina Healthcare
MOH
$10.2B
| $955K | ﹤0.01% |
2,900
-1,600
| -36% | -$483K |
|
4259
iShares Russell 1000 Growth ETF
IWF
$124B
| $953K | ﹤0.01% |
10,556
-71,836
| -87% | -$7.09M |
|
4260
Bassett Furniture
BSET
$168M
| $953K | ﹤0.01% |
+62,459
| New | +$928K |
|
4261
Adecoagro
AGRO
$1.37B
| $951K | ﹤0.01% |
85,143
+26,450
| +45% | +$271K |
|
|
WGRX
4262
DELISTED
Wellgistics Health
WGRX
| $951K | ﹤0.01% |
+4,403
| New | +$743K |
|
4263
PUT
Fastly Inc
FSLY
$3.6B
| $950K | ﹤0.01% |
150,000
-167,200
| -53% | -$1.4M |
|
4264
CALL
PNC Financial Services
PNC
$100B
| $949K | ﹤0.01% |
5,400
-3,200
| -37% | -$604K |
|
4265
CALL
The Mosaic Company
MOS
$6.9B
| $948K | ﹤0.01% |
+35,100
| New | +$928K |
|
|
4266
PUT
Stanley Black & Decker
SWK
$14.8B
| $946K | ﹤0.01% |
12,300
-20,000
| -62% | -$1.69M |
|
|
GRAL
4267
CALL
GRAIL Inc
GRAL
$3.03B
| $945K | ﹤0.01% |
+37,000
| New | +$1.14M |
|
4268
CALL
OneMain Financial
OMF
$7.44B
| $943K | ﹤0.01% |
19,300
+15,100
| +360% | +$801K |
|
4269
Alight
ALIT
$509M
| $943K | ﹤0.01% |
7,952
-79,214
| -91% | -$10.4M |
|
4270
Children's Place
PLCE
$56.7M
| $943K | ﹤0.01% |
107,892
+47,323
| +78% | +$440K |
|
4271
Covenant Logistics
CVLG
$883M
| $942K | ﹤0.01% |
+42,425
| New | +$1.09M |
|
4272
ACM Research
ACMR
$5.41B
| $940K | ﹤0.01% |
40,277
+14,294
| +55% | +$326K |
|
4273
CALL
Immunovant
IMVT
$7.9B
| $940K | ﹤0.01% |
55,000
+35,000
| +175% | +$732K |
|
4274
CALL
Toll Brothers
TOL
$14.1B
| $940K | ﹤0.01% |
8,900
+100
| +1% | +$12K |
|
4275
UGI
UGI
$7.76B
| $940K | ﹤0.01% |
28,416
-487,102
| -94% | -$15.4M |
|
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.