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 | |
|---|---|---|---|---|---|---|
|
AKRO
4576
CALL
DELISTED
Akero Therapeutics
AKRO
| $607K | ﹤0.01% |
+15,000
| New | +$636K |
|
4577
Bank of Marin Bancorp
BMRC
$472M
| $606K | ﹤0.01% |
+27,471
| New | +$652K |
|
4578
PUT
Boyd Gaming
BYD
$6.18B
| $606K | ﹤0.01% |
9,200
-13,400
| -59% | -$983K |
|
4579
CALL
BlackLine
BL
$1.84B
| $605K | ﹤0.01% |
+12,500
| New | +$684K |
|
4580
iShares S&P 500 Growth ETF
IVW
$73.8B
| $605K | ﹤0.01% |
6,519
+3,998
| +159% | +$403K |
|
4581
Stock Yards Bancorp
SYBT
$2.64B
| $603K | ﹤0.01% |
+8,728
| New | +$627K |
|
4582
Carriage Services
CSV
$641M
| $602K | ﹤0.01% |
15,543
+1,943
| +14% | +$77.1K |
|
4583
Commerce Bancshares
CBSH
$8.53B
| $601K | ﹤0.01% |
10,143
-21,211
| -68% | -$1.29M |
|
4584
Biomea Fusion
BMEA
$84.6M
| $600K | ﹤0.01% |
281,739
+257,418
| +1,058% | +$877K |
|
4585
Paysign
PAYS
$501M
| $596K | ﹤0.01% |
280,965
-44,369
| -14% | -$118K |
|
4586
US Gold Corp
USAU
$214M
| $593K | ﹤0.01% |
+65,183
| New | +$540K |
|
|
BNR
4587
Burning Rock Biotech
BNR
$93.9M
| $591K | ﹤0.01% |
140,715
-4,616
| -3% | -$28.8K |
|
4588
CALL
Canadian Pacific Kansas City
CP
$78.1B
| $590K | ﹤0.01% |
+8,400
| New | +$639K |
|
|
SELX
4589
DELISTED
Semilux International
SELX
| $590K | ﹤0.01% |
421,211
-2,996
| -0.7% | -$4.41K |
|
4590
Cimpress
CMPR
$2.39B
| $590K | ﹤0.01% |
13,036
-97,836
| -88% | -$5.5M |
|
|
DDI
4591
DoubleDown Interactive
DDI
$574M
| $589K | ﹤0.01% |
59,542
-18,082
| -23% | -$183K |
|
4592
Oil-Dri
ODC
$1.44B
| $589K | ﹤0.01% |
12,833
-1,517
| -11% | -$66.9K |
|
4593
PUT
Philips
PHG
$25.7B
| $589K | ﹤0.01% |
+25,079
| New | +$614K |
|
4594
ALX Oncology
ALXO
$261M
| $588K | ﹤0.01% |
944,084
-1,185,026
| -56% | -$1.42M |
|
|
COOP
4595
CALL
DELISTED
Mr. Cooper
COOP
| $586K | ﹤0.01% |
4,900
+300
| +7% | +$31.3K |
|
4596
Contango Silver & Gold Inc
CTGO
$516M
| $585K | ﹤0.01% |
+57,252
| New | +$584K |
|
4597
PUT
ACM Research
ACMR
$5.42B
| $584K | ﹤0.01% |
+25,000
| New | +$571K |
|
4598
First Advantage
FA
$3.4B
| $582K | ﹤0.01% |
+41,271
| New | +$693K |
|
4599
Radcom
RDCM
$171M
| $580K | ﹤0.01% |
50,780
-6,725
| -12% | -$85.8K |
|
4600
Caleres
CAL
$431M
| $580K | ﹤0.01% |
33,636
-147,186
| -81% | -$2.64M |
|
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.