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 | |
|---|---|---|---|---|---|---|
|
HYAC
4776
DELISTED
Haymaker Acquisition Corp 4
HYAC
| $440K | ﹤0.01% |
40,000
| – | – |
|
4777
Ultralife
ULBI
$86.4M
| $437K | ﹤0.01% |
81,264
-8,217
| -9% | -$55.9K |
|
|
ONIT
4778
Onity Group
ONIT
$309M
| $437K | ﹤0.01% |
13,518
-524
| -4% | -$17.3K |
|
|
FARO
4779
DELISTED
Faro Technologies
FARO
| $435K | ﹤0.01% |
15,948
-38,121
| -71% | -$1.12M |
|
4780
CALL
AES
AES
$10.5B
| $435K | ﹤0.01% |
+35,000
| New | +$405K |
|
4781
CALL
Agilon Health
AGL
$1.53B
| $433K | ﹤0.01% |
+4,000
| New | +$348K |
|
4782
CALL
Whirlpool
WHR
$2.43B
| $433K | ﹤0.01% |
+4,800
| New | +$509K |
|
4783
PUT
Rocket Companies
RKT
$36.5B
| $432K | ﹤0.01% |
+35,800
| New | +$462K |
|
4784
PUT
Conagra Brands
CAG
$6.94B
| $432K | ﹤0.01% |
16,200
-285,800
| -95% | -$7.37M |
|
4785
Adeia
ADEA
$2.94B
| $431K | ﹤0.01% |
32,589
-10,624
| -25% | -$148K |
|
4786
PUT
Dave & Buster's
PLAY
$377M
| $429K | ﹤0.01% |
24,400
+17,100
| +234% | +$405K |
|
|
NOAH
4787
Noah Holdings
NOAH
$580M
| $429K | ﹤0.01% |
45,362
-4,947
| -10% | -$54.2K |
|
4788
VanEck Junior Gold Miners ETF
GDXJ
$6.89B
| $429K | ﹤0.01% |
7,493
-41,880
| -85% | -$2.11M |
|
|
SHCO
4789
DELISTED
Soho House & Co
SHCO
| $427K | ﹤0.01% |
69,153
-22,185
| -24% | -$160K |
|
|
CANG
4790
Cango Inc
CANG
$57.4M
| $426K | ﹤0.01% |
11,242
+5,979
| +114% | +$255K |
|
4791
Unusual Machines
UMAC
$1.01B
| $425K | ﹤0.01% |
+66,343
| New | +$673K |
|
4792
Matthews International
MATW
$866M
| $425K | ﹤0.01% |
19,088
+4,305
| +29% | +$112K |
|
4793
Civeo
CVEO
$345M
| $424K | ﹤0.01% |
18,444
-61,611
| -77% | -$1.44M |
|
4794
Babcock & Wilcox
BW
$1.39B
| $424K | ﹤0.01% |
630,037
+55,882
| +10% | +$69.1K |
|
4795
LSI Industries
LYTS
$859M
| $423K | ﹤0.01% |
24,866
+6,716
| +37% | +$129K |
|
4796
Saia
SAIA
$9.27B
| $421K | ﹤0.01% |
1,205
-59,328
| -98% | -$25.8M |
|
4797
Benitec Biopharma
BNTC
$402M
| $417K | ﹤0.01% |
+32,046
| New | +$388K |
|
|
GAUZ
4798
Gauzy
GAUZ
$5.15M
| $416K | ﹤0.01% |
52,055
-4,115
| -7% | -$42.8K |
|
4799
First Watch Restaurant Group
FWRG
$792M
| $416K | ﹤0.01% |
+24,955
| New | +$480K |
|
4800
CALL
Fabrinet
FN
$15.6B
| $415K | ﹤0.01% |
+2,100
| New | +$458K |
|
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.