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 | |
|---|---|---|---|---|---|---|
|
INN
5126
Summit Hotel Properties
INN
$746M
| $226K | ﹤0.01% |
41,760
-41,804
| -50% | -$266K |
|
5127
PUT
Oshkosh
OSK
$8.79B
| $226K | ﹤0.01% |
+2,400
| New | +$240K |
|
5128
KraneShares CSI China Internet ETF
KWEB
$5.64B
| $226K | ﹤0.01% |
6,462
-310,363
| -98% | -$10.3M |
|
|
ABLLW
5129
CALL
DELISTED
Abacus Life Warrant
ABLLW
| $225K | ﹤0.01% |
141,595
-29,096
| -17% | -$36K |
|
|
HLVX
5130
DELISTED
HilleVax
HLVX
| $224K | ﹤0.01% |
154,784
-257,036
| -62% | -$475K |
|
5131
CALL
Lennox International
LII
$14.4B
| $224K | ﹤0.01% |
+400
| New | +$242K |
|
|
5132
PUT
Lennox International
LII
$14.4B
| $224K | ﹤0.01% |
+400
| New | +$242K |
|
5133
Crinetics Pharmaceuticals
CRNX
$8.84B
| $224K | ﹤0.01% |
+6,688
| New | +$250K |
|
5134
Core Scientific
CORZ
$6.66B
| $224K | ﹤0.01% |
30,902
-64,147
| -67% | -$730K |
|
5135
BlackRock ESG Capital Allocation Term Trust
ECAT
$1.49B
| $224K | ﹤0.01% |
14,180
| – | – |
|
5136
Uranium Energy
UEC
$4.75B
| $223K | ﹤0.01% |
46,703
-385,177
| -89% | -$2.42M |
|
5137
Comtech Telecommunications
CMTL
$50.3M
| $223K | ﹤0.01% |
139,279
-160,936
| -54% | -$369K |
|
|
SCPH
5138
DELISTED
scPharmaceuticals
SCPH
| $222K | ﹤0.01% |
84,390
-25,519
| -23% | -$83.1K |
|
|
DFS
5139
CALL
DELISTED
Discover Financial Services
DFS
| $222K | ﹤0.01% |
1,300
-53,500
| -98% | -$9.79M |
|
5140
Cigna
CI
$73.7B
| $222K | ﹤0.01% |
674
-162,503
| -100% | -$49M |
|
5141
PUT
EPR Properties
EPR
$4.76B
| $221K | ﹤0.01% |
4,200
-9,000
| -68% | -$441K |
|
5142
Pacer US Cash Cows 100 ETF
COWZ
$18.8B
| $221K | ﹤0.01% |
4,031
-2,699
| -40% | -$154K |
|
5143
Eaton Vance Tax-Advantaged Dividend Income Fund
EVT
$2.09B
| $220K | ﹤0.01% |
+9,462
| New | +$226K |
|
|
GUG
5144
Guggenheim Active Allocation Fund
GUG
$510M
| $220K | ﹤0.01% |
+14,602
| New | +$225K |
|
5145
Starbucks
SBUX
$120B
| $220K | ﹤0.01% |
2,239
-1,353,912
| -100% | -$140M |
|
5146
Knife River
KNF
$4.15B
| $219K | ﹤0.01% |
2,433
+27
| +1% | +$2.63K |
|
5147
PUT
Vodafone
VOD
$36.3B
| $219K | ﹤0.01% |
23,400
-2,000
| -8% | -$17.6K |
|
|
LAC
5148
Lithium Americas
LAC
$1.01B
| $219K | ﹤0.01% |
80,772
-20,323
| -20% | -$61.2K |
|
5149
Crescent Capital BDC
CCAP
$403M
| $218K | ﹤0.01% |
12,734
-74,400
| -85% | -$1.39M |
|
5150
Fidelity D&D Bancorp
FDBC
$306M
| $217K | ﹤0.01% |
+5,213
| New | +$230K |
|
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.