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 | |
|---|---|---|---|---|---|---|
5151
DocGo
DCGO
$64.3M
| $217K | ﹤0.01% |
82,134
+4,880
| +6% | +$19.6K |
|
5152
Concrete Pumping Holdings
BBCP
$490M
| $217K | ﹤0.01% |
39,676
+20,588
| +108% | +$143K |
|
5153
National CineMedia
NCMI
$376M
| $216K | ﹤0.01% |
36,984
-49,380
| -57% | -$317K |
|
5154
Mobile Infrastructure Corp
BEEP
$75.4M
| $215K | ﹤0.01% |
+51,639
| New | +$199K |
|
5155
Biglari Holdings Class B
BH
$1.25B
| $215K | ﹤0.01% |
+993
| New | +$226K |
|
|
MESO
5156
Mesoblast
MESO
$1.84B
| $214K | ﹤0.01% |
+17,122
| New | +$282K |
|
5157
Axogen
AXGN
$2.27B
| $213K | ﹤0.01% |
11,529
-119,653
| -91% | -$2.16M |
|
5158
PUT
Amkor Technology
AMKR
$12.4B
| $213K | ﹤0.01% |
+11,800
| New | +$266K |
|
|
MURA
5159
DELISTED
Mural Oncology
MURA
| $213K | ﹤0.01% |
169,001
+746
| +0.4% | +$2.72K |
|
5160
CALL
Vodafone
VOD
$36.3B
| $213K | ﹤0.01% |
22,700
-5,600
| -20% | -$49.2K |
|
5161
CALL
Sweetgreen
SG
$766M
| $213K | ﹤0.01% |
8,500
-15,100
| -64% | -$417K |
|
|
TEAF
5162
DELISTED
Ecofin Sustainable & Social Impact Term Fund
TEAF
| $212K | ﹤0.01% |
18,665
| – | – |
|
5163
Wave Life Sciences
WVE
$1.09B
| $212K | ﹤0.01% |
26,222
-1,154,616
| -98% | -$12.6M |
|
5164
Virgin Galactic
SPCE
$328M
| $212K | ﹤0.01% |
69,885
-877,071
| -93% | -$3.85M |
|
5165
Hingham Institution for Saving
HIFS
$627M
| $211K | ﹤0.01% |
+887
| New | +$222K |
|
5166
Similarweb
SMWB
$628M
| $211K | ﹤0.01% |
25,454
-82,874
| -77% | -$1.02M |
|
5167
CALL
Zions Bancorporation
ZION
$10.2B
| $209K | ﹤0.01% |
4,200
-65,500
| -94% | -$3.53M |
|
5168
Dominari Holdings
DOMH
$57.4M
| $209K | ﹤0.01% |
+52,264
| New | +$250K |
|
5169
Pioneer Bancorp
PBFS
$432M
| $209K | ﹤0.01% |
17,833
-16,534
| -48% | -$192K |
|
5170
Biodesix
BDSX
$220M
| $209K | ﹤0.01% |
16,698
+6,764
| +68% | +$130K |
|
5171
1-800-Flowers.com
FLWS
$250M
| $208K | ﹤0.01% |
35,326
+21,488
| +155% | +$158K |
|
5172
Karyopharm Therapeutics
KPTI
$43.5M
| $207K | ﹤0.01% |
55,367
-21,594
| -28% | -$184K |
|
|
ANEB
5173
DELISTED
Anebulo Pharmaceuticals
ANEB
| $207K | ﹤0.01% |
+158,967
| New | +$234K |
|
5174
Celcuity
CELC
$4.21B
| $206K | ﹤0.01% |
20,351
-19,309
| -49% | -$218K |
|
5175
IES Holdings
IESC
$14.8B
| $205K | ﹤0.01% |
1,242
-24,220
| -95% | -$5.05M |
|
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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.