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 | |
|---|---|---|---|---|---|---|
5051
CALL
Rigetti Computing Warrants
RGTIW
$130M
| $261K | ﹤0.01% |
94,900
| – | – |
|
|
VTYX
5052
DELISTED
Ventyx Biosciences
VTYX
| $260K | ﹤0.01% |
226,310
-1,055,319
| -82% | -$1.81M |
|
5053
GrafTech
EAF
$175M
| $259K | ﹤0.01% |
29,599
-128,300
| -81% | -$1.67M |
|
5054
PUT
Nutrien
NTR
$33.2B
| $258K | ﹤0.01% |
5,200
-57,300
| -92% | -$2.93M |
|
5055
Milestone Pharmaceuticals
MIST
$138M
| $258K | ﹤0.01% |
322,082
-2,381,177
| -88% | -$4.73M |
|
5056
Nuveen Multi-Asset Income Fund
NMAI
$468M
| $257K | ﹤0.01% |
21,409
| – | – |
|
|
THR
5057
DELISTED
Thermon Group Holdings
THR
| $257K | ﹤0.01% |
+9,233
| New | +$267K |
|
5058
PUT
Enbridge
ENB
$119B
| $257K | ﹤0.01% |
5,800
-432,400
| -99% | -$18.8M |
|
|
GRFS
5059
CALL
Grifois
GRFS
$5.36B
| $256K | ﹤0.01% |
36,000
-114,000
| -76% | -$860K |
|
|
EXAS
5060
PUT
DELISTED
Exact Sciences
EXAS
| $255K | ﹤0.01% |
5,900
-24,000
| -80% | -$1.22M |
|
5061
Playboy Inc
PLBY
$128M
| $254K | ﹤0.01% |
230,687
+38,542
| +20% | +$60.2K |
|
5062
OneSpaWorld
OSW
$2.61B
| $254K | ﹤0.01% |
15,107
-267,690
| -95% | -$5.21M |
|
5063
Farmers & Merchants Bancorp
FMAO
$459M
| $253K | ﹤0.01% |
+10,597
| New | +$272K |
|
|
LAND
5064
Gladstone Land Corp
LAND
$350M
| $253K | ﹤0.01% |
24,079
-164,941
| -87% | -$1.81M |
|
5065
PUT
Church & Dwight Co
CHD
$23.4B
| $253K | ﹤0.01% |
2,300
-142,500
| -98% | -$15.3M |
|
|
NML
5066
Neuberger Energy Infrastructure and Income Fund Inc
NML
$593M
| $253K | ﹤0.01% |
+28,128
| New | +$253K |
|
|
ISD
5067
PGIM High Yield Bond Fund
ISD
$415M
| $253K | ﹤0.01% |
+17,724
| New | +$249K |
|
|
BASE
5068
DELISTED
Couchbase
BASE
| $252K | ﹤0.01% |
16,016
+3,545
| +28% | +$58.8K |
|
5069
Metagenomi Therapeutics
MGX
$44.8M
| $252K | ﹤0.01% |
185,108
+170,699
| +1,185% | +$407K |
|
5070
Medifast
MED
$109M
| $251K | ﹤0.01% |
18,645
-25,451
| -58% | -$382K |
|
5071
PUT
Altimmune
ALT
$552M
| $250K | ﹤0.01% |
+50,000
| New | +$317K |
|
5072
Schwab 1000 Index ETF
SCHK
$5.71B
| $250K | ﹤0.01% |
+9,279
| New | +$264K |
|
5073
Fate Therapeutics
FATE
$286M
| $249K | ﹤0.01% |
314,877
-98,315
| -24% | -$120K |
|
|
OPLN
5074
Openlane
OPLN
$4.21B
| $249K | ﹤0.01% |
12,902
-165,346
| -93% | -$3.41M |
|
5075
Immatics
IMTX
$1.18B
| $249K | ﹤0.01% |
55,127
-101,559
| -65% | -$530K |
|
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.