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 | |
|---|---|---|---|---|---|---|
5026
Southern First Bancshares
SFST
$591M
| $273K | ﹤0.01% |
+8,304
| New | +$291K |
|
5027
Orange County Bancorp
OBT
$513M
| $273K | ﹤0.01% |
+11,660
| New | +$298K |
|
|
CCIXW
5028
CALL
DELISTED
Churchill Capital Corp IX Warrant
CCIXW
| $272K | ﹤0.01% |
340,206
+277,706
| +444% | +$176K |
|
5029
Rush Enterprises Class B
RUSHB
$6.04B
| $272K | ﹤0.01% |
4,811
-73
| -1% | -$4.07K |
|
|
SABA
5030
Saba Capital Income & Opportunities Fund II
SABA
$220M
| $271K | ﹤0.01% |
+31,178
| New | +$281K |
|
5031
Ligand Pharmaceuticals
LGND
$5.76B
| $271K | ﹤0.01% |
+2,577
| New | +$291K |
|
5032
Identive
INVE
$63.4M
| $270K | ﹤0.01% |
84,617
-150,637
| -64% | -$528K |
|
5033
PUT
GlobalFoundries
GFS
$27.4B
| $269K | ﹤0.01% |
7,300
-10,600
| -59% | -$428K |
|
5034
Oaktree Specialty Lending
OCSL
$1.02B
| $269K | ﹤0.01% |
17,518
-367,426
| -95% | -$5.76M |
|
5035
iShares MSCI Poland ETF
EPOL
$700M
| $269K | ﹤0.01% |
9,597
-6,660
| -41% | -$168K |
|
5036
Dakota Gold
DC
$608M
| $267K | ﹤0.01% |
100,837
+69,120
| +218% | +$190K |
|
5037
XBiotech
XBIT
$68M
| $267K | ﹤0.01% |
82,356
-181,166
| -69% | -$625K |
|
|
ECO
5038
Okeanis Eco Tankers
ECO
$2.36B
| $267K | ﹤0.01% |
12,059
-30,155
| -71% | -$689K |
|
5039
Global X Lithium & Battery Tech ETF
LIT
$1.51B
| $266K | ﹤0.01% |
6,862
-13,277
| -66% | -$544K |
|
5040
PUT
American Water Works
AWK
$26.7B
| $266K | ﹤0.01% |
+1,800
| New | +$237K |
|
5041
Prestige Consumer Healthcare
PBH
$2.38B
| $265K | ﹤0.01% |
3,081
-5,812
| -65% | -$477K |
|
5042
MidCap Financial Investment
MFIC
$787M
| $264K | ﹤0.01% |
+20,561
| New | +$280K |
|
|
NOVA
5043
DELISTED
Sunnova Energy
NOVA
| $264K | ﹤0.01% |
710,135
+674,359
| +1,885% | +$1.3M |
|
5044
Digimarc Corp
DMRC
$147M
| $264K | ﹤0.01% |
+20,585
| New | +$589K |
|
5045
SL Green Realty
SLG
$3.76B
| $264K | ﹤0.01% |
4,572
-40,863
| -90% | -$2.58M |
|
5046
CALL
Boyd Gaming
BYD
$6.18B
| $263K | ﹤0.01% |
+4,000
| New | +$293K |
|
5047
Veracyte
VCYT
$3.7B
| $263K | ﹤0.01% |
8,869
-231,344
| -96% | -$8.82M |
|
|
SWKH
5048
DELISTED
SWK Holdings
SWKH
| $263K | ﹤0.01% |
19,070
+343
| +2% | +$4.51K |
|
5049
Smartbird Inc
BIRD
$19.5M
| $262K | ﹤0.01% |
40,714
-23,011
| -36% | -$149K |
|
5050
VanEck High Yield Muni ETF
HYD
$4.43B
| $261K | ﹤0.01% |
+5,097
| New | +$264K |
|
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.