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 | |
|---|---|---|---|---|---|---|
|
SOHU
5226
Sohu.com
SOHU
$362M
| $165K | ﹤0.01% |
12,506
-32,115
| -72% | -$431K |
|
5227
Star Group
SGU
$412M
| $162K | ﹤0.01% |
12,281
-16,925
| -58% | -$212K |
|
|
GCMGW
5228
CALL
DELISTED
GCM Grosvenor Inc Warrant
GCMGW
| $162K | ﹤0.01% |
93,018
| – | – |
|
|
BWAY
5229
Brainsway
BWAY
$611M
| $159K | ﹤0.01% |
33,624
+2,892
| +9% | +$14.7K |
|
5230
PUT
Corvus Pharmaceuticals
CRVS
$1.12B
| $159K | ﹤0.01% |
+50,000
| New | +$236K |
|
5231
Upland Software
UPLD
$12.8M
| $158K | ﹤0.01% |
5,514
-5,122
| -48% | -$194K |
|
|
AKYA
5232
DELISTED
Akoya BioSciences
AKYA
| $157K | ﹤0.01% |
+113,245
| New | +$248K |
|
5233
PUT
QuantumScape Corp
QS
$3.21B
| $156K | ﹤0.01% |
37,500
-11,500
| -23% | -$56.8K |
|
5234
DHT Holdings
DHT
$2.99B
| $156K | ﹤0.01% |
14,810
-54,697
| -79% | -$589K |
|
|
AIRJW
5235
CALL
AirJoule Technologies Warrant
AIRJW
$63.1M
| $155K | ﹤0.01% |
275,000
| – | – |
|
|
KZR
5236
DELISTED
Kezar Life Sciences
KZR
| $153K | ﹤0.01% |
31,380
-11,957
| -28% | -$72.6K |
|
5237
PUT
Huntington Bancshares
HBAN
$34.4B
| $153K | ﹤0.01% |
10,200
-233,300
| -96% | -$3.76M |
|
5238
CALL
Wolfspeed
WOLF
$1.23B
| $153K | ﹤0.01% |
50,000
-4,500
| -8% | -$26.3K |
|
5239
PUT
Bausch + Lomb
BLCO
$6.04B
| $152K | ﹤0.01% |
+10,500
| New | +$173K |
|
5240
Bridger Aerospace
BAER
$112M
| $151K | ﹤0.01% |
133,562
+68,658
| +106% | +$151K |
|
|
SGMO
5241
CALL
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $150K | ﹤0.01% |
229,400
-100,000
| -30% | -$106K |
|
5242
Clarus
CLAR
$123M
| $150K | ﹤0.01% |
39,875
-23,238
| -37% | -$104K |
|
5243
CALL
Oscar Health
OSCR
$9.41B
| $149K | ﹤0.01% |
11,400
-374,600
| -97% | -$5.56M |
|
|
RPTX
5244
DELISTED
Repare Therapeutics
RPTX
| $149K | ﹤0.01% |
151,236
-19,723
| -12% | -$23.8K |
|
5245
Rallybio
RLYB
$84.5M
| $149K | ﹤0.01% |
28,404
-13,960
| -33% | -$88.2K |
|
5246
Traeger
COOK
$178M
| $148K | ﹤0.01% |
1,758
-6,387
| -78% | -$707K |
|
5247
OFS Capital
OFS
$45M
| $148K | ﹤0.01% |
+15,880
| New | +$135K |
|
5248
Arq
ARQ
$84.6M
| $147K | ﹤0.01% |
35,210
-118,260
| -77% | -$671K |
|
|
HIT
5249
Health In Tech Inc
HIT
$72.8M
| $147K | ﹤0.01% |
+221,730
| New | +$1.07M |
|
5250
Savara
SVRA
$1.12B
| $145K | ﹤0.01% |
52,209
-430,054
| -89% | -$1.19M |
|
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.