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 | |
|---|---|---|---|---|---|---|
|
MLNK
5201
DELISTED
MeridianLink
MLNK
| $189K | ﹤0.01% |
10,195
+478
| +5% | +$9.23K |
|
5202
Energy Vault
NRGV
$517M
| $189K | ﹤0.01% |
271,340
-1,171,059
| -81% | -$1.8M |
|
5203
SIGA Technologies
SIGA
$235M
| $189K | ﹤0.01% |
34,430
-33,305
| -49% | -$197K |
|
|
BGM
5204
BGM Group Ltd
BGM
$113M
| $186K | ﹤0.01% |
+16,274
| New | +$166K |
|
5205
Monro
MNRO
$383M
| $186K | ﹤0.01% |
12,846
-39,455
| -75% | -$754K |
|
|
FPF
5206
First Trust Intermediate Duration Preferred & Income Fund
FPF
$1.07B
| $184K | ﹤0.01% |
10,011
-13,271
| -57% | -$246K |
|
|
GHLD
5207
DELISTED
Guild Holdings
GHLD
| $183K | ﹤0.01% |
11,959
-3,482
| -23% | -$45.2K |
|
5208
CALL
Warby Parker
WRBY
$3.28B
| $182K | ﹤0.01% |
+10,000
| New | +$239K |
|
5209
Aurinia Pharmaceuticals
AUPH
$1.91B
| $182K | ﹤0.01% |
22,575
-64,846
| -74% | -$525K |
|
|
RBOT
5210
DELISTED
Vicarious Surgical
RBOT
| $179K | ﹤0.01% |
27,293
-20,164
| -42% | -$238K |
|
|
THRD
5211
DELISTED
Third Harmonic Bio
THRD
| $179K | ﹤0.01% |
51,528
-588,556
| -92% | -$2.85M |
|
5212
Mediaco Holding
MDIA
$76.6M
| $178K | ﹤0.01% |
156,204
-48,984
| -24% | -$55.6K |
|
5213
Elutia
ELUT
$37.9M
| $177K | ﹤0.01% |
70,002
+24,785
| +55% | +$74.9K |
|
5214
Star Holdings Shares of Beneficial Interest
STHO
$113M
| $176K | ﹤0.01% |
20,701
-24,538
| -54% | -$214K |
|
|
BLFY
5215
DELISTED
Blue Foundry Bancorp
BLFY
| $176K | ﹤0.01% |
19,111
-16,111
| -46% | -$154K |
|
5216
FVCBankcorp
FVCB
$335M
| $176K | ﹤0.01% |
+16,607
| New | +$190K |
|
5217
Verrica Pharmaceuticals
VRCA
$89.7M
| $175K | ﹤0.01% |
+39,565
| New | +$256K |
|
5218
Tenax Therapeutics
TENX
$363M
| $174K | ﹤0.01% |
26,626
-183
| -0.7% | -$1.17K |
|
5219
Valhi
VHI
$380M
| $174K | ﹤0.01% |
10,729
+2,037
| +23% | +$39.9K |
|
|
BFZ
5220
DELISTED
BlackRock CA Municipal Income Trust
BFZ
| $171K | ﹤0.01% |
15,567
| – | – |
|
5221
SunPower Inc
SPWR
$60.6M
| $170K | ﹤0.01% |
109,707
+82,210
| +299% | +$134K |
|
5222
KLX Energy Services
KLXE
$45M
| $170K | ﹤0.01% |
48,434
-76,866
| -61% | -$368K |
|
5223
PMV Pharmaceuticals
PMVP
$59.2M
| $169K | ﹤0.01% |
155,389
-162,631
| -51% | -$221K |
|
5224
ARKO Corp
ARKO
$896M
| $168K | ﹤0.01% |
+42,452
| New | +$248K |
|
5225
EyePoint Inc
EYPT
$1.03B
| $167K | ﹤0.01% |
30,800
-415,399
| -93% | -$2.91M |
|
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.