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Millennium Management

Millennium Management Portfolio holdings

AUM $240B
1-Year Est. Return 35.51%
 

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.

This Fund
S&P 500
This Quarter Est. Return
-2.87%
1 Year Est. Return
+35.51%
3 Year Est. Return
+105.02%
5 Year Est. Return
+129.21%
10 Year Est. Return
+672.54%
AUM
$188B
AUM Growth
-$16.8B
Cap. Flow
-$8.86B
Cap. Flow %
-4.72%
Top 10 Hldgs %
15.86%
Holding
6,639
New
739
Increased
2,435
Reduced
2,261
Closed
852

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
FXE icon
4276
CALL
Invesco CurrencyShares Euro Currency Trust
FXE
$340M
$939K ﹤0.01%
9,400
-5,100
-35% -$496K
FXE icon
4277
PUT
Invesco CurrencyShares Euro Currency Trust
FXE
$340M
$939K ﹤0.01%
+9,400
New +$914K
ACU icon
4278
Acme United Corp
ACU
$218M
$938K ﹤0.01%
23,678
+15,080
+175% +$567K
SPSB icon
4279
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.6B
$935K ﹤0.01%
+31,054
New +$930K
FE icon
4280
CALL
FirstEnergy
FE
$28B
$934K ﹤0.01%
23,100
+15,100
+189% +$601K
MKC icon
4281
CALL
McCormick & Company Non-Voting
MKC
$13.8B
$930K ﹤0.01%
11,300
-28,100
-71% -$2.2M
VCIT icon
4282
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.1B
$928K ﹤0.01%
11,348
+1,288
+13% +$104K
IYW icon
4283
iShares US Technology ETF
IYW
$24.2B
$928K ﹤0.01%
+6,606
New +$1.03M
SPSM icon
4284
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
$17.2B
$927K ﹤0.01%
+22,739
New +$1M
GSK icon
4285
CALL
GSK
GSK
$103B
$926K ﹤0.01%
23,900
-577,800
-96% -$21.2M
EIX icon
4286
CALL
Edison International
EIX
$27.7B
$925K ﹤0.01%
15,700
+9,400
+149% +$540K
VT icon
4287
Vanguard Total World Stock ETF
VT
$77.9B
$925K ﹤0.01%
+7,977
New +$955K
ACET icon
4288
Adicet Bio
ACET
$85.6M
$924K ﹤0.01%
76,492
-36,903
-33% -$528K
FIP icon
4289
FTAI Infrastructure
FIP
$418M
$923K ﹤0.01%
+203,779
New +$1.27M
SHYG icon
4290
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.59B
$922K ﹤0.01%
21,695
+15,466
+248% +$664K
NEON icon
4291
Neonode
NEON
$14.6M
$922K ﹤0.01%
+113,323
New +$975K
GL icon
4292
CALL
Globe Life
GL
$14.4B
$922K ﹤0.01%
+7,000
New +$856K
HAFC icon
4293
Hanmi Financial
HAFC
$954M
$922K ﹤0.01%
40,671
-56,212
-58% -$1.3M
SNDK
4294
Sandisk
SNDK
$192B
$921K ﹤0.01%
+19,354
New +$961K
CEPU
4295
Central Puerto
CEPU
$2.26B
$920K ﹤0.01%
82,942
+14,096
+20% +$186K
EWI icon
4296
iShares MSCI Italy ETF
EWI
$1.05B
$919K ﹤0.01%
21,712
-6,999
-24% -$281K
BETR icon
4297
Better Home & Finance Holding
BETR
$512M
$918K ﹤0.01%
84,062
+65,259
+347% +$706K
PBPB
4298
DELISTED
Potbelly
PBPB
$918K ﹤0.01%
96,479
-303,391
-76% -$3.35M
VNQ icon
4299
Vanguard Real Estate ETF
VNQ
$39.2B
$917K ﹤0.01%
10,132
-14,659
-59% -$1.33M
KROS icon
4300
CALL
Keros Therapeutics
KROS
$198M
$917K ﹤0.01%
+90,000
New +$1.04M

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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.