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 | |
|---|---|---|---|---|---|---|
4501
PUT
Clear Secure
YOU
$5.57B
| $687K | ﹤0.01% |
26,500
+8,800
| +50% | +$219K |
|
4502
CALL
Grab
GRAB
$14.3B
| $685K | ﹤0.01% |
+207,384
| New | +$968K |
|
4503
Atlanta Braves Holdings Series A
BATRA
$3.49B
| $684K | ﹤0.01% |
15,588
-8,040
| -34% | -$342K |
|
4504
Eldorado Gold
EGO
$7.87B
| $681K | ﹤0.01% |
40,487
-4,176
| -9% | -$62.7K |
|
|
GOOS
4505
Canada Goose Holdings
GOOS
$872M
| $681K | ﹤0.01% |
85,649
-216,014
| -72% | -$2.13M |
|
4506
CALL
US Foods
USFD
$22.2B
| $681K | ﹤0.01% |
10,400
-3,400
| -25% | -$232K |
|
4507
AMREP Corp
AXR
$123M
| $679K | ﹤0.01% |
33,869
+14,608
| +76% | +$390K |
|
4508
Innovative Solutions & Support
ISSC
$327M
| $679K | ﹤0.01% |
107,882
+81,491
| +309% | +$702K |
|
4509
TriMas Corp
TRS
$1.43B
| $678K | ﹤0.01% |
28,957
+9,732
| +51% | +$230K |
|
4510
CALL
Shift4
FOUR
$4.2B
| $678K | ﹤0.01% |
8,300
-1,900
| -19% | -$196K |
|
4511
Stagwell
STGW
$2.07B
| $678K | ﹤0.01% |
112,013
+12,358
| +12% | +$77.7K |
|
|
ACLX
4512
CALL
DELISTED
Arcellx
ACLX
| $676K | ﹤0.01% |
+10,300
| New | +$698K |
|
4513
CALL
NewAmsterdam Pharma Warrant
NAMSW
| $674K | ﹤0.01% |
75,000
| – | – |
|
4514
Orion Group Holdings
ORN
$396M
| $667K | ﹤0.01% |
127,612
+25,481
| +25% | +$178K |
|
|
ADAM
4515
Adamas Trust
ADAM
$815M
| $667K | ﹤0.01% |
102,789
+40,845
| +66% | +$260K |
|
|
LNW
4516
PUT
DELISTED
Light & Wonder
LNW
| $667K | ﹤0.01% |
+7,700
| New | +$741K |
|
4517
RBB Bancorp
RBB
$448M
| $664K | ﹤0.01% |
+40,249
| New | +$733K |
|
|
NSA
4518
DELISTED
National Storage Affiliates Trust
NSA
| $662K | ﹤0.01% |
16,806
-8,690
| -34% | -$327K |
|
4519
Biote Corp
BTMD
$68.2M
| $662K | ﹤0.01% |
198,688
+131,681
| +197% | +$628K |
|
4520
Nicolet Bankshares
NIC
$3.6B
| $661K | ﹤0.01% |
6,069
-9,376
| -61% | -$1.05M |
|
4521
Ziff Davis
ZD
$1.96B
| $661K | ﹤0.01% |
+17,593
| New | +$844K |
|
4522
Bank First Corp
BFC
$1.69B
| $659K | ﹤0.01% |
6,543
-684
| -9% | -$69.3K |
|
4523
Autohome
ATHM
$2.67B
| $659K | ﹤0.01% |
23,774
-152,146
| -86% | -$4.32M |
|
4524
Tonix Pharmaceuticals
TNXP
$160M
| $659K | ﹤0.01% |
36,861
+34,020
| +1,197% | +$690K |
|
4525
PUT
Mattel
MAT
$4.38B
| $659K | ﹤0.01% |
33,900
+6,600
| +24% | +$131K |
|
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.