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 | |
|---|---|---|---|---|---|---|
4726
First Capital
FCAP
$212M
| $475K | ﹤0.01% |
+12,451
| New | +$438K |
|
4727
Future Fuel
FF
$217M
| $475K | ﹤0.01% |
121,685
+87,601
| +257% | +$421K |
|
4728
Archer Daniels Midland
ADM
$38.2B
| $474K | ﹤0.01% |
9,882
-629,944
| -98% | -$30.5M |
|
4729
WisdomTree Japan Hedged Equity Fund
DXJ
$7.08B
| $474K | ﹤0.01% |
+4,306
| New | +$474K |
|
4730
PUT
BioMarin Pharmaceuticals
BMRN
$11.6B
| $474K | ﹤0.01% |
6,700
-1,600
| -19% | -$108K |
|
4731
CALL
BridgeBio Pharma
BBIO
$15.7B
| $474K | ﹤0.01% |
+13,700
| New | +$462K |
|
4732
SmartRent
SMRT
$195M
| $474K | ﹤0.01% |
391,343
-517,426
| -57% | -$724K |
|
4733
PUT
W.P. Carey
WPC
$16.8B
| $473K | ﹤0.01% |
+7,500
| New | +$444K |
|
4734
PUT
Pultegroup
PHM
$24.1B
| $473K | ﹤0.01% |
4,600
-97,800
| -96% | -$10.6M |
|
4735
CALL
Everest Group
EG
$14.5B
| $472K | ﹤0.01% |
1,300
-2,100
| -62% | -$742K |
|
|
GNFT
4736
DELISTED
Genfit
GNFT
| $472K | ﹤0.01% |
131,483
-34,892
| -21% | -$129K |
|
4737
Ichor Holdings
ICHR
$2.62B
| $472K | ﹤0.01% |
20,873
-333,863
| -94% | -$9.84M |
|
|
LUXE
4738
LuxExperience B.V.
LUXE
$1.12B
| $471K | ﹤0.01% |
62,351
-14,487
| -19% | -$134K |
|
4739
Solid Power
SLDP
$463M
| $470K | ﹤0.01% |
447,393
-954,287
| -68% | -$1.31M |
|
|
HEPS
4740
D-Market Electronic Services & Trading
HEPS
$1.05B
| $468K | ﹤0.01% |
+164,132
| New | +$532K |
|
4741
PUT
TE Connectivity
TEL
$59.6B
| $466K | ﹤0.01% |
3,300
-11,700
| -78% | -$1.73M |
|
|
DENN
4742
DELISTED
Denny's
DENN
| $465K | ﹤0.01% |
126,732
+92,889
| +274% | +$489K |
|
4743
WesBanco
WSBC
$3.97B
| $465K | ﹤0.01% |
15,009
-109,373
| -88% | -$3.65M |
|
4744
PUT
Citizens Financial Group
CFG
$30.3B
| $463K | ﹤0.01% |
11,300
-26,000
| -70% | -$1.16M |
|
4745
PUT
Qiagen
QGEN
$8.54B
| $462K | ﹤0.01% |
+12,598
| New | +$530K |
|
4746
Sable Offshore Corp
SOC
$1.01B
| $462K | ﹤0.01% |
+18,201
| New | +$466K |
|
|
VBNK
4747
VersaBank
VBNK
$623M
| $461K | ﹤0.01% |
+44,537
| New | +$553K |
|
4748
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.08B
| $460K | ﹤0.01% |
+15,951
| New | +$461K |
|
4749
Kyverna Therapeutics
KYTX
$444M
| $460K | ﹤0.01% |
238,239
-508,282
| -68% | -$1.5M |
|
|
HTO
4750
H2O America
HTO
$2.57B
| $459K | ﹤0.01% |
8,387
-31,181
| -79% | -$1.6M |
|
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.