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 | |
|---|---|---|---|---|---|---|
5376
CALL
NET Power Inc Warrants
NPWR.WS
$14.6M
| $66.7K | ﹤0.01% |
218,671
| – | – |
|
5377
Gran Tierra Energy
GTE
$265M
| $66.4K | ﹤0.01% |
+13,471
| New | +$77.3K |
|
|
TRVG
5378
trivago
TRVG
$373M
| $66.3K | ﹤0.01% |
+16,165
| New | +$59.5K |
|
|
UXIN
5379
Uxin Ltd
UXIN
$306M
| $65.9K | ﹤0.01% |
16,528
-2,133
| -11% | -$9.32K |
|
5380
CALL
Solid Power Inc Warrant
SLDPW
$10.2M
| $65.5K | ﹤0.01% |
385,868
| – | – |
|
5381
Entravision Communication
EVC
$1.03B
| $65K | ﹤0.01% |
30,972
-173,401
| -85% | -$379K |
|
|
EDD
5382
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$376M
| $64.5K | ﹤0.01% |
+13,734
| New | +$64.8K |
|
5383
CALL
Under Armour
UAA
$2.84B
| $63.8K | ﹤0.01% |
+10,200
| New | +$75.9K |
|
|
BZUN
5384
Baozun
BZUN
$167M
| $63.6K | ﹤0.01% |
23,314
-98,587
| -81% | -$313K |
|
5385
Tigo Energy
TYGO
$145M
| $62.9K | ﹤0.01% |
74,893
-33,371
| -31% | -$31.4K |
|
|
VFSWW
5386
CALL
VinFast Auto Ltd Warrant
VFSWW
| $62.9K | ﹤0.01% |
183,850
| – | – |
|
|
AXIL
5387
AXIL Brands
AXIL
$40.8M
| $61.5K | ﹤0.01% |
12,292
-6,750
| -35% | -$44.2K |
|
5388
X4 Pharmaceuticals
XFOR
$375M
| $61.2K | ﹤0.01% |
8,625
| – | – |
|
5389
Lifetime Brands
LCUT
$191M
| $61.1K | ﹤0.01% |
12,396
-6,030
| -33% | -$32.7K |
|
5390
Kodiak Sciences
KOD
$2.6B
| $61K | ﹤0.01% |
21,752
-60,239
| -73% | -$328K |
|
|
WRN
5391
Western Copper and Gold
WRN
$460M
| $60.9K | ﹤0.01% |
+53,642
| New | +$57.4K |
|
5392
Serina Therapeutics
SER
$30M
| $60.8K | ﹤0.01% |
10,721
-3,830
| -26% | -$18.1K |
|
5393
PDS Biotechnology
PDSB
$38.4M
| $60.2K | ﹤0.01% |
50,625
-75,791
| -60% | -$108K |
|
|
HCVIW
5394
CALL
DELISTED
Hennessy Capital Investment Corp. VI Warrant
HCVIW
| $60.2K | ﹤0.01% |
401,154
| – | – |
|
5395
Siebert Financial
SIEB
$66.7M
| $60K | ﹤0.01% |
19,932
+501
| +3% | +$1.38K |
|
|
STAI
5396
DELISTED
ScanTech AI Systems
STAI
| $59.4K | ﹤0.01% |
+1,462
| New | +$60.6K |
|
5397
Senseonics Holdings Inc
SENS
$263M
| $59.2K | ﹤0.01% |
4,508
-49,893
| -92% | -$824K |
|
5398
Achieve Life Sciences
ACHV
$659M
| $59K | ﹤0.01% |
+22,102
| New | +$68.7K |
|
5399
DLH Holdings
DLHC
$70.7M
| $59K | ﹤0.01% |
14,563
-55,170
| -79% | -$338K |
|
|
SBXD.WS
5400
CALL
SilverBox Corp IV Warrants
SBXD.WS
| $58.3K | ﹤0.01% |
166,666
| – | – |
|
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.