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 | |
|---|---|---|---|---|---|---|
4676
VanEck Intermediate Muni ETF
ITM
$2.14B
| $514K | ﹤0.01% |
11,293
+1,293
| +13% | +$59.5K |
|
|
CCEC
4677
Capital Clean Energy Carriers
CCEC
$1.34B
| $514K | ﹤0.01% |
26,711
+270
| +1% | +$5.09K |
|
4678
CALL
IQVIA
IQV
$38.7B
| $511K | ﹤0.01% |
+2,900
| New | +$563K |
|
|
SSBK
4679
DELISTED
Southern States Bancshares
SSBK
| $510K | ﹤0.01% |
14,278
+4,913
| +52% | +$160K |
|
4680
Quanex
NX
$819M
| $510K | ﹤0.01% |
27,456
+4,130
| +18% | +$87.4K |
|
|
YSG
4681
Yatsen Holding
YSG
$322M
| $509K | ﹤0.01% |
105,790
-36,089
| -25% | -$141K |
|
4682
PUT
D.R. Horton
DHI
$40B
| $509K | ﹤0.01% |
4,000
-64,900
| -94% | -$8.7M |
|
4683
PUT
Toll Brothers
TOL
$13.6B
| $507K | ﹤0.01% |
4,800
-1,900
| -28% | -$228K |
|
4684
PUT
Trane Technologies
TT
$100B
| $505K | ﹤0.01% |
1,500
-11,900
| -89% | -$4.3M |
|
4685
Nano X Imaging
NNOX
$68.2M
| $505K | ﹤0.01% |
+101,119
| New | +$700K |
|
4686
Hippo Holdings
HIPO
$830M
| $503K | ﹤0.01% |
+19,694
| New | +$547K |
|
|
RNAM
4687
DELISTED
Avidity Biosciences
RNAM
| $503K | ﹤0.01% |
17,048
-6,893
| -29% | -$215K |
|
4688
PUT
Mid-America Apartment Communities
MAA
$15.4B
| $503K | ﹤0.01% |
+3,000
| New | +$475K |
|
4689
TFS Financial
TFSL
$5.16B
| $503K | ﹤0.01% |
40,560
+30,422
| +300% | +$390K |
|
4690
8x8 Inc
EGHT
$269M
| $502K | ﹤0.01% |
250,799
+221,313
| +751% | +$570K |
|
4691
PUT
SSR Mining
SSRM
$5.32B
| $502K | ﹤0.01% |
+50,000
| New | +$461K |
|
4692
CALL
Nasdaq
NDAQ
$52.7B
| $501K | ﹤0.01% |
6,600
-22,600
| -77% | -$1.78M |
|
4693
PUT
Antero Midstream
AM
$10.4B
| $500K | ﹤0.01% |
+27,800
| New | +$460K |
|
|
IONQ.WS
4694
CALL
IonQ Inc Warrants
IONQ.WS
$6.07B
| $500K | ﹤0.01% |
45,000
| – | – |
|
|
INVX
4695
Innovex International
INVX
$1.96B
| $498K | ﹤0.01% |
27,717
-56,234
| -67% | -$955K |
|
4696
CALL
Lantheus
LNTH
$6.49B
| $498K | ﹤0.01% |
5,100
-800
| -14% | -$74.8K |
|
4697
IBM
IBM
$211B
| $497K | ﹤0.01% |
2,000
-215,427
| -99% | -$52.7M |
|
4698
PUT
Corteva
CTVA
$52.6B
| $497K | ﹤0.01% |
7,900
-220,900
| -97% | -$13.7M |
|
4699
Envela
ELA
$563M
| $495K | ﹤0.01% |
79,469
+23,562
| +42% | +$153K |
|
4700
CALL
Equity Residential
EQR
$24.9B
| $494K | ﹤0.01% |
6,900
+500
| +8% | +$35.3K |
|
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.