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 | |
|---|---|---|---|---|---|---|
4626
Investar Holding Corp
ISTR
$415M
| $555K | ﹤0.01% |
31,525
+1,900
| +6% | +$35.6K |
|
4627
CALL
Rithm Capital
RITM
$5.52B
| $554K | ﹤0.01% |
+48,400
| New | +$560K |
|
4628
Sumitomo Mitsui Financial
SMFG
$164B
| $554K | ﹤0.01% |
35,828
-58,501
| -62% | -$890K |
|
4629
Park-Ohio Holdings
PKOH
$575M
| $552K | ﹤0.01% |
25,553
+16,000
| +167% | +$383K |
|
4630
Citi Trends
CTRN
$555M
| $552K | ﹤0.01% |
24,919
+15,985
| +179% | +$395K |
|
4631
PUT
Dropbox
DBX
$7.6B
| $548K | ﹤0.01% |
20,500
+900
| +5% | +$26.2K |
|
|
PHK
4632
PIMCO High Income Fund
PHK
$867M
| $546K | ﹤0.01% |
111,756
-40,756
| -27% | -$200K |
|
4633
PUT
Liberty Energy
LBRT
$3.05B
| $546K | ﹤0.01% |
+34,500
| New | +$619K |
|
4634
CleanSpark
CLSK
$3.53B
| $545K | ﹤0.01% |
81,122
-1,415,478
| -95% | -$13.4M |
|
4635
Tredegar Corp
TG
$265M
| $544K | ﹤0.01% |
70,710
+16,626
| +31% | +$128K |
|
4636
SoundThinking
SSTI
$100M
| $543K | ﹤0.01% |
32,029
-30,271
| -49% | -$448K |
|
4637
Fastly Inc
FSLY
$3.55B
| $543K | ﹤0.01% |
85,752
-107,856
| -56% | -$901K |
|
4638
PUT
Cleveland-Cliffs
CLF
$6.57B
| $543K | ﹤0.01% |
66,000
+6,200
| +10% | +$63K |
|
|
HUYA
4639
Huya Inc
HUYA
$563M
| $541K | ﹤0.01% |
168,671
+145,633
| +632% | +$525K |
|
4640
CALL
Krystal Biotech
KRYS
$10.1B
| $541K | ﹤0.01% |
3,000
-12,200
| -80% | -$2.05M |
|
4641
CALL
Norwegian Cruise Line
NCLH
$8.51B
| $540K | ﹤0.01% |
28,500
-139,500
| -83% | -$3.36M |
|
4642
Corbus Pharmaceuticals
CRBP
$166M
| $540K | ﹤0.01% |
101,607
-285,046
| -74% | -$2.52M |
|
|
TRUE
4643
DELISTED
TrueCar
TRUE
| $539K | ﹤0.01% |
341,417
+228,881
| +203% | +$635K |
|
|
TRST
4644
Trustco Bank Corp NY
TRST
$970M
| $539K | ﹤0.01% |
17,687
+2,710
| +18% | +$86.4K |
|
4645
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.79B
| $539K | ﹤0.01% |
+22,575
| New | +$535K |
|
4646
Deluxe
DLX
$1.18B
| $538K | ﹤0.01% |
34,048
+22,132
| +186% | +$419K |
|
4647
NRC Health Common Stock
NRC
$432M
| $538K | ﹤0.01% |
42,040
-39,921
| -49% | -$641K |
|
4648
iShares Core 60/40 Balanced Allocation ETF
AOR
$3.66B
| $537K | ﹤0.01% |
+9,333
| New | +$543K |
|
|
DM
4649
DELISTED
Desktop Metal, Inc.
DM
| $537K | ﹤0.01% |
109,333
-128,636
| -54% | -$333K |
|
4650
Regional Management Corp
RM
$301M
| $536K | ﹤0.01% |
17,796
-12,288
| -41% | -$411K |
|
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.