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 | |
|---|---|---|---|---|---|---|
5326
CALL
Lumen
LUMN
$6.57B
| $94.1K | ﹤0.01% |
+24,000
| New | +$120K |
|
|
UHGWW
5327
CALL
DELISTED
United Homes Group Warrant
UHGWW
| $93.7K | ﹤0.01% |
147,514
+531
| +0.4% | +$406 |
|
5328
Definitive Healthcare
DH
$72M
| $93.7K | ﹤0.01% |
32,423
-740,499
| -96% | -$3M |
|
5329
CALL
Polestar Automotive Holding ADS Class C-1
PSNYW
$330M
| $90K | ﹤0.01% |
16,350
| – | – |
|
|
SFIX
5330
Stitch Fix
SFIX
$536M
| $89.5K | ﹤0.01% |
27,545
-188,022
| -87% | -$857K |
|
|
IMA
5331
ImageneBio Inc
IMA
$63M
| $89.2K | ﹤0.01% |
5,807
-10,833
| -65% | -$187K |
|
|
TVRD
5332
Tvardi Therapeutics
TVRD
$19.7M
| $88.3K | ﹤0.01% |
5,807
-7,340
| -56% | -$111K |
|
5333
CALL
Bakkt Inc Warrants
BKKT.WS
$321K
| $88K | ﹤0.01% |
400,000
| – | – |
|
5334
5E Advanced Materials
FEAM
$45.7M
| $87.3K | ﹤0.01% |
22,784
-8,628
| -27% | -$63.3K |
|
|
EVGOW
5335
CALL
DELISTED
EVgo Inc Warrants
EVGOW
| $87.2K | ﹤0.01% |
363,150
| – | – |
|
5336
ASP Isotopes
ASPI
$504M
| $85.9K | ﹤0.01% |
18,313
+6,126
| +50% | +$30.6K |
|
5337
PLAYSTUDIOS Inc
MYPS
$77.9M
| $85.4K | ﹤0.01% |
+67,232
| New | +$109K |
|
|
TOUR
5338
Tuniu
TOUR
$53.9M
| $85K | ﹤0.01% |
7,729
+4,243
| +122% | +$43.7K |
|
|
SQNS
5339
Sequans Communications SA
SQNS
$36.4M
| $84K | ﹤0.01% |
4,000
-3,885
| -49% | -$106K |
|
|
TALKW
5340
CALL
DELISTED
Talkspace Inc Warrant
TALKW
| $83.8K | ﹤0.01% |
918,371
-15,337
| -2% | -$2.17K |
|
5341
Urban One Class D
UONEK
$22.8M
| $83.6K | ﹤0.01% |
11,616
-3,224
| -22% | -$25.5K |
|
|
ACTU
5342
Actuate Therapeutics
ACTU
$26.6M
| $82.5K | ﹤0.01% |
+12,185
| New | +$97.8K |
|
5343
CareCloud
CCLD
$104M
| $81.8K | ﹤0.01% |
+58,840
| New | +$173K |
|
|
OPT
5344
DELISTED
Opthea Limited American Depositary Shares
OPT
| $81.2K | ﹤0.01% |
48,329
-12,772
| -21% | -$56.5K |
|
|
BGFV
5345
DELISTED
Big 5 Sporting Goods
BGFV
| $81K | ﹤0.01% |
83,731
-83,377
| -50% | -$114K |
|
5346
PUT
Plug Power
PLUG
$2.87B
| $80.2K | ﹤0.01% |
59,400
+19,400
| +49% | +$36.9K |
|
|
WHWK
5347
Whitehawk Therapeutics
WHWK
$190M
| $79.8K | ﹤0.01% |
44,823
-129,175
| -74% | -$337K |
|
5348
Sera Prognostics
SERA
$79.9M
| $79.3K | ﹤0.01% |
21,550
-49,197
| -70% | -$251K |
|
5349
GoPro
GPRO
$130M
| $79K | ﹤0.01% |
119,200
-183,798
| -61% | -$162K |
|
5350
InnovAge Holding
INNV
$1.54B
| $78.4K | ﹤0.01% |
+26,311
| New | +$90.8K |
|
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.