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Millennium Management

Millennium Management Portfolio holdings

AUM $240B
1-Year Est. Return 35.51%
 

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.

This Fund
S&P 500
This Quarter Est. Return
-2.87%
1 Year Est. Return
+35.51%
3 Year Est. Return
+105.02%
5 Year Est. Return
+129.21%
10 Year Est. Return
+672.54%
AUM
$188B
AUM Growth
-$16.8B
Cap. Flow
-$8.86B
Cap. Flow %
-4.72%
Top 10 Hldgs %
15.86%
Holding
6,639
New
739
Increased
2,435
Reduced
2,261
Closed
852

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
DYNCW
5501
CALL
Dynamix Corp Warrant
DYNCW
$21.4K ﹤0.01%
+75,000
New +$21.1K
SCNX
5502
Scienture Holdings
SCNX
$15.5M
$21.1K ﹤0.01%
14,682
-19,305
-57% -$60.5K
LPBBW
5503
CALL
Launch Two Acquisition Corp Warrant
LPBBW
$3.22M
$21K ﹤0.01%
+100,000
New +$21.1K
MCRB icon
5504
Seres Therapeutics
MCRB
$45.3M
$20.7K ﹤0.01%
1,478
-89,058
-98% -$1.39M
WALDW icon
5505
CALL
Waldencast PLC Warrant
WALDW
$4.37M
$20.5K ﹤0.01%
156,565
BDMDW
5506
CALL
Baird Medical Investment Holdings Warrant
BDMDW
$20.2K ﹤0.01%
269,164
GWH.WS
5507
CALL
DELISTED
ESS Tech Inc Warrant
GWH.WS
$20.1K ﹤0.01%
250,000
BKSY.WS icon
5508
CALL
BlackSky Technology Inc Warrants
BKSY.WS
$568K
$19.5K ﹤0.01%
150,479
OSRH
5509
OSR Health
OSRH
$14.6M
$19.4K ﹤0.01%
+10,336
New +$56.8K
PCTTW
5510
CALL
PureCycle Technologies Inc Warrant
PCTTW
$9.04M
$19.3K ﹤0.01%
12,447
ASTLW icon
5511
CALL
Algoma Steel Group Warrant
ASTLW
$208K
$19.1K ﹤0.01%
51,250
VEEAW
5512
CALL
Veea Inc Warrant
VEEAW
$18.8K ﹤0.01%
228,432
TPIC
5513
DELISTED
TPI Composites
TPIC
$18.8K ﹤0.01%
23,275
-196,145
-89% -$256K
ASBPW
5514
CALL
Aspire Biopharma Warrant
ASBPW
$18.6K ﹤0.01%
275,000
ADAP
5515
DELISTED
Adaptimmune Therapeutics
ADAP
$18.6K ﹤0.01%
94,283
+64,724
+219% +$33.5K
SRTAW
5516
CALL
DELISTED
Strata Critical Medical Inc Warrants
SRTAW
$18K ﹤0.01%
83,333
BAERW icon
5517
CALL
Bridger Aerospace Warrant
BAERW
$17.9K ﹤0.01%
334,890
BARK.WS
5518
CALL
DELISTED
BARK Inc Warrants
BARK.WS
$17.5K ﹤0.01%
250,000
LSBPW
5519
CALL
DELISTED
LakeShore Biopharma Warrants
LSBPW
$17.5K ﹤0.01%
424,602
PSFE.WS
5520
CALL
DELISTED
Paysafe Ltd Warrants
PSFE.WS
$17.4K ﹤0.01%
1,125,433
LEGT.WS
5521
CALL
DELISTED
Legato Merger Corp III Warrants
LEGT.WS
$16.9K ﹤0.01%
87,500
EVLVW
5522
CALL
DELISTED
Evolv Technologies Warrant
EVLVW
$16.9K ﹤0.01%
93,750
HLLY.WS
5523
CALL
DELISTED
Holley Inc Warrants
HLLY.WS
$16.7K ﹤0.01%
333,333
FFAI
5524
Faraday Future Intelligent Electric
FFAI
$19.7M
$16.7K ﹤0.01%
98
-346
-78% -$77.8K
DMYY.WS
5525
CALL
DELISTED
dMY Squared Technology Group Warrants
DMYY.WS
$16.6K ﹤0.01%
17,500
-112,500
-87% -$49.3K

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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.