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 | |
|---|---|---|---|---|---|---|
4826
First Merchants
FRME
$2.68B
| $397K | ﹤0.01% |
9,806
-19,340
| -66% | -$805K |
|
4827
CALL
TG Therapeutics
TGTX
$7.96B
| $394K | ﹤0.01% |
+10,000
| New | +$336K |
|
|
IFN
4828
Aberdeen India Fund
IFN
$499M
| $394K | ﹤0.01% |
25,000
| – | – |
|
4829
CALL
Arqit Quantum Warrants
ARQQW
$207K
| $394K | ﹤0.01% |
195,000
| – | – |
|
4830
Arcosa
ACA
$7.13B
| $393K | ﹤0.01% |
5,096
-4,720
| -48% | -$433K |
|
4831
Ferrovial N.V. Ordinary Shares
FER
$46.9B
| $393K | ﹤0.01% |
8,824
+2,757
| +45% | +$119K |
|
|
NNE
4832
Nano Nuclear Energy
NNE
$854M
| $392K | ﹤0.01% |
14,820
-35,502
| -71% | -$1.08M |
|
4833
Zura Bio
ZURA
$516M
| $392K | ﹤0.01% |
303,573
-397,705
| -57% | -$627K |
|
|
NYAX
4834
Nayax
NYAX
$2.55B
| $390K | ﹤0.01% |
11,388
-2,940
| -21% | -$106K |
|
4835
First Bank
FRBA
$464M
| $390K | ﹤0.01% |
26,336
-6,716
| -20% | -$98.7K |
|
4836
CALL
Caesars Entertainment
CZR
$6.06B
| $390K | ﹤0.01% |
15,600
-12,700
| -45% | -$413K |
|
4837
NACCO Industries
NC
$357M
| $389K | ﹤0.01% |
11,537
-7,484
| -39% | -$241K |
|
|
VXRT
4838
DELISTED
Vaxart
VXRT
| $389K | ﹤0.01% |
955,866
-2,034,776
| -68% | -$1.31M |
|
4839
Waterstone Financial
WSBF
$370M
| $388K | ﹤0.01% |
28,837
+6,955
| +32% | +$94.8K |
|
4840
WaFd
WAFD
$2.72B
| $387K | ﹤0.01% |
13,556
-15,896
| -54% | -$471K |
|
|
UCTT
4841
Ultra Clean Holdings
UCTT
$3.73B
| $386K | ﹤0.01% |
18,022
-144,769
| -89% | -$4.62M |
|
4842
Wheels Up
UP
$208M
| $386K | ﹤0.01% |
+19,093
| New | +$526K |
|
4843
CALL
Corvus Pharmaceuticals
CRVS
$1.12B
| $385K | ﹤0.01% |
121,200
-60,000
| -33% | -$283K |
|
4844
CALL
Hercules Capital
HTGC
$3.07B
| $384K | ﹤0.01% |
+20,000
| New | +$404K |
|
4845
Bridgewater Bancshares
BWB
$571M
| $383K | ﹤0.01% |
27,605
+17,200
| +165% | +$240K |
|
4846
Cato Corp
CATO
$68.3M
| $383K | ﹤0.01% |
115,021
-37,511
| -25% | -$126K |
|
4847
La-Z-Boy
LZB
$1.58B
| $383K | ﹤0.01% |
9,789
-4,004
| -29% | -$174K |
|
4848
Pangaea Logistics
PANL
$498M
| $382K | ﹤0.01% |
80,310
-35,770
| -31% | -$188K |
|
4849
Four Corners Property Trust
FCPT
$2.81B
| $382K | ﹤0.01% |
13,314
-18,994
| -59% | -$531K |
|
4850
TIM SA
TIMB
$9.16B
| $382K | ﹤0.01% |
24,384
-9,722
| -29% | -$135K |
|
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.