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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
EVTL icon
5526
CALL
Vertical Aerospace
EVTL
$166M
$16.6K ﹤0.01%
+553,489
New +$3.1M
EPR.PRC icon
5527
EPR Properties 5.75% Series C Preferred Shares
EPR.PRC
$152M
$16.6K ﹤0.01%
+17,700
New +$395K
VACHW
5528
CALL
DELISTED
Voyager Acquisition Corp Warrants
VACHW
$16.5K ﹤0.01%
110,000
LNZAW icon
5529
CALL
LanzaTech Global Warrant
LNZAW
$3.86M
$16.2K ﹤0.01%
275,000
YOTAR
5530
DELISTED
Yotta Acquisition Corporation Right
YOTAR
$16.1K ﹤0.01%
100,000
NIOBW
5531
CALL
NioCorp Developments Ltd Warrant
NIOBW
$50.5M
$16K ﹤0.01%
100,000
TSBX
5532
DELISTED
Turnstone Biologics
TSBX
$15.9K ﹤0.01%
38,858
-34,886
-47% -$14.9K
FNGR icon
5533
FingerMotion
FNGR
$14.7M
$15.3K ﹤0.01%
11,203
-167,182
-94% -$215K
VFF icon
5534
Village Farms International
VFF
$238M
$15.1K ﹤0.01%
24,900
DRTSW icon
5535
CALL
Alpha Tau Medical Warrant
DRTSW
$63.2M
$14.8K ﹤0.01%
62,500
MBAVW
5536
CALL
DELISTED
M3-Brigade Acquisition V Corp Warrant
MBAVW
$14.5K ﹤0.01%
50,000
INVZ icon
5537
Innoviz Technologies
INVZ
$96.4M
$14.4K ﹤0.01%
22,071
-45,926
-68% -$53.1K
SST.WS
5538
CALL
DELISTED
System1, Inc. Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share
SST.WS
$14.4K ﹤0.01%
721,135
PDYNW icon
5539
CALL
Palladyne AI Corp Warrants
PDYNW
$261K
$14K ﹤0.01%
50,000
ONDS icon
5540
Ondas Inc
ONDS
$4.41B
$13.8K ﹤0.01%
12,923
-15,443
-54% -$23.1K
ARBE icon
5541
Arbe Robotics
ARBE
$75.4M
$13.6K ﹤0.01%
+13,213
New +$29.1K
GUTS icon
5542
Fractyl Health
GUTS
$110M
$13.3K ﹤0.01%
+11,148
New +$17.8K
BZFDW icon
5543
CALL
BuzzFeed Inc Warrant
BZFDW
$840K
$12.8K ﹤0.01%
233,333
LVWR.WS icon
5544
CALL
LiveWire Group Warrants
LVWR.WS
$11.2M
$12.7K ﹤0.01%
600,000
ZEOWW
5545
CALL
Zeo Energy Corp Warrants
ZEOWW
$141K
$12.5K ﹤0.01%
219,000
PSQH.WS icon
5546
CALL
PSQ Holdings, Inc. Warrants, Each whole warrant exercisable for 1/15th of a share of Class A common stock at an exercise price of $172.50 per share
PSQH.WS
$1.63M
$12.4K ﹤0.01%
53,780
AERTW
5547
CALL
Aeries Technology Warrant
AERTW
$887K
$12K ﹤0.01%
401,950
BETRW icon
5548
CALL
Better Home & Finance Warrant
BETRW
$2.05M
$12K ﹤0.01%
123,750
GDEVW icon
5549
CALL
GDEV Inc Warrant
GDEVW
$42.5K
$11.8K ﹤0.01%
500,000
WIMI
5550
WiMi Hologram Cloud
WIMI
$22.2M
$11.8K ﹤0.01%
+1,213
New +$11.6K

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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.