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 | |
|---|---|---|---|---|---|---|
5001
CALL
Albemarle
ALB
$13.9B
| $288K | ﹤0.01% |
4,000
-82,600
| -95% | -$6.72M |
|
5002
Shattuck Labs
STTK
$675M
| $287K | ﹤0.01% |
302,598
+101,384
| +50% | +$125K |
|
5003
MasterBrand
MBC
$1.06B
| $287K | ﹤0.01% |
22,011
-440,398
| -95% | -$6.7M |
|
5004
Sprott Junior Uranium Miners ETF
URNJ
$313M
| $287K | ﹤0.01% |
20,000
-495
| -2% | -$8.76K |
|
5005
Forrester Research
FORR
$223M
| $287K | ﹤0.01% |
31,079
-89,634
| -74% | -$1.14M |
|
|
WOW
5006
DELISTED
WideOpenWest
WOW
| $287K | ﹤0.01% |
58,004
-12,694
| -18% | -$58.4K |
|
5007
Sotera Health
SHC
$5.09B
| $286K | ﹤0.01% |
+24,528
| New | +$316K |
|
5008
PUT
Pinnacle West Capital
PNW
$12.2B
| $286K | ﹤0.01% |
3,000
-4,400
| -59% | -$393K |
|
5009
PUT
TG Therapeutics
TGTX
$7.96B
| $284K | ﹤0.01% |
+7,200
| New | +$242K |
|
5010
CION Investment
CION
$297M
| $283K | ﹤0.01% |
+27,349
| New | +$317K |
|
5011
Ero Copper
ERO
$2.81B
| $283K | ﹤0.01% |
+23,338
| New | +$311K |
|
5012
Box
BOX
$4.37B
| $282K | ﹤0.01% |
9,147
-168,949
| -95% | -$5.47M |
|
5013
PUT
Vestis
VSTS
$1.91B
| $282K | ﹤0.01% |
+28,500
| New | +$378K |
|
|
ZTR
5014
Virtus Total Return Fund
ZTR
$340M
| $281K | ﹤0.01% |
47,002
+19,660
| +72% | +$116K |
|
|
MCHB
5015
Mechanics Bancorp
MCHB
$3.72B
| $281K | ﹤0.01% |
23,901
-3,888
| -14% | -$38.5K |
|
|
XOMA
5016
DELISTED
Xoma
XOMA
| $280K | ﹤0.01% |
+14,054
| New | +$338K |
|
5017
Alvotech
ALVO
$1.39B
| $279K | ﹤0.01% |
28,873
+9,570
| +50% | +$116K |
|
5018
CALL
Sky Harbour Group Warrants
SKYH.WS
$17.1M
| $279K | ﹤0.01% |
90,625
| – | – |
|
5019
Vroom Inc
VRM
$39M
| $278K | ﹤0.01% |
+11,266
| New | +$302K |
|
5020
Village Super Market
VLGEA
$651M
| $277K | ﹤0.01% |
+7,297
| New | +$243K |
|
5021
James River Group Holdings
JRVR
$208M
| $277K | ﹤0.01% |
66,022
+47,861
| +264% | +$217K |
|
5022
D-Wave Quantum Inc. Common Stock
QBTS
$6.7B
| $276K | ﹤0.01% |
36,309
-2,717,221
| -99% | -$18.3M |
|
5023
PUT
ZIM Integrated Shipping Services
ZIM
$3.04B
| $276K | ﹤0.01% |
18,900
-181,000
| -91% | -$3.4M |
|
5024
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
| $276K | ﹤0.01% |
+2,664
| New | +$271K |
|
5025
iHeartMedia
IHRT
$543M
| $275K | ﹤0.01% |
166,507
-65,643
| -28% | -$132K |
|
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.