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 | |
|---|---|---|---|---|---|---|
5101
iShares Currency Hedged MSCI EAFE ETF
HEFA
$7.5B
| $234K | ﹤0.01% |
+6,456
| New | +$235K |
|
5102
Kayne Anderson Energy Infrastructure Fund
KYN
$2.47B
| $234K | ﹤0.01% |
18,238
-5,625
| -24% | -$72.6K |
|
5103
Cabaletta Bio
CABA
$437M
| $234K | ﹤0.01% |
168,899
-342,714
| -67% | -$730K |
|
5104
Enterprise Financial Services Corp
EFSC
$2.4B
| $234K | ﹤0.01% |
4,346
-34,918
| -89% | -$2.01M |
|
5105
Nexa Resources
NEXA
$1.7B
| $234K | ﹤0.01% |
37,668
-75,864
| -67% | -$446K |
|
5106
Energy Fuels
UUUU
$2.86B
| $233K | ﹤0.01% |
62,971
-92,429
| -59% | -$443K |
|
5107
Vanguard FTSE Pacific ETF
VPL
$8.08B
| $233K | ﹤0.01% |
+3,217
| New | +$236K |
|
5108
Banco Santander
SAN
$201B
| $233K | ﹤0.01% |
34,760
+12,220
| +54% | +$71.5K |
|
5109
State Street SPDR S&P Homebuilders ETF
XHB
$1.6B
| $233K | ﹤0.01% |
+2,400
| New | +$249K |
|
5110
ADC Therapeutics
ADCT
$134M
| $232K | ﹤0.01% |
164,817
-246,307
| -60% | -$419K |
|
5111
PUT
Harmony Biosciences
HRMY
$2.04B
| $232K | ﹤0.01% |
+7,000
| New | +$251K |
|
5112
Noodles & Co
NDLS
$111M
| $232K | ﹤0.01% |
26,637
-12,967
| -33% | -$128K |
|
5113
Ivanhoe Electric
IE
$1.45B
| $232K | ﹤0.01% |
+39,905
| New | +$253K |
|
|
FCT
5114
First Trust Senior Floating Rate Income Fund II
FCT
$251M
| $231K | ﹤0.01% |
+22,795
| New | +$235K |
|
5115
Cadiz
CDZI
$251M
| $231K | ﹤0.01% |
+78,820
| New | +$347K |
|
5116
Western Alliance Bancorporation
WAL
$8.79B
| $230K | ﹤0.01% |
2,994
-101,279
| -97% | -$8.51M |
|
5117
Perspective Therapeutics
CATX
$332M
| $230K | ﹤0.01% |
107,987
-1,187,356
| -92% | -$3.56M |
|
5118
PUT
TAL Education Group
TAL
$6.93B
| $230K | ﹤0.01% |
17,400
-3,782,600
| -100% | -$47.2M |
|
5119
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.46B
| $229K | ﹤0.01% |
+4,820
| New | +$230K |
|
|
NVO
5120
CALL
Novo Nordisk
NVO
$208B
| $229K | ﹤0.01% |
3,300
-394,500
| -99% | -$32.6M |
|
5121
Atea Pharmaceuticals
AVIR
$376M
| $229K | ﹤0.01% |
76,562
+54,056
| +240% | +$169K |
|
5122
Advanced Drainage Systems
WMS
$10.6B
| $228K | ﹤0.01% |
2,100
-134,618
| -98% | -$15.7M |
|
5123
Universal Electronics
UEIC
$57.8M
| $227K | ﹤0.01% |
37,126
-25,846
| -41% | -$227K |
|
5124
Arrow Financial
AROW
$659M
| $227K | ﹤0.01% |
8,637
-505
| -6% | -$13.5K |
|
|
ETV
5125
Eaton Vance Tax-Managed Buy-Write Opportunities Fund
ETV
$1.7B
| $227K | ﹤0.01% |
+17,148
| New | +$241K |
|
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.