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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
PIII icon
5551
P3 Health Partners
PIII
$32.6M
$11.7K ﹤0.01%
1,431
-5,688
-80% -$56K
OPI
5552
DELISTED
Office Properties Income Trust
OPI
$11.6K ﹤0.01%
25,403
-215,779
-89% -$184K
PERF.WS
5553
CALL
DELISTED
Perfect Corp Warrants
PERF.WS
$11.2K ﹤0.01%
276,103
GB.WS
5554
CALL
DELISTED
Global Blue Group Holding AG Warrants exercisable for one Ordinary Share of Global Blue Group Holding AG at a price of $11.50 per share
GB.WS
$11.1K ﹤0.01%
500,575
DFLI icon
5555
Dragonfly Energy
DFLI
$17M
$10.7K ﹤0.01%
1,095
-738
-40% -$15.2K
TROO icon
5556
TROOPS Inc
TROO
$222M
$10.7K ﹤0.01%
+14,155
New +$19.5K
RENEW
5557
CALL
DELISTED
Cartesian Growth Corporation II Warrant
RENEW
$10.6K ﹤0.01%
150,000
CCGWW
5558
CALL
Cheche Group Inc Warrant
CCGWW
$10.5K ﹤0.01%
350,000
MDAIW icon
5559
CALL
Spectral AI Warrants
MDAIW
$5.33M
$10.1K ﹤0.01%
39,330
GGROW
5560
CALL
Gogoro Inc Warrant
GGROW
$9.91K ﹤0.01%
386,313
STEM icon
5561
Stem
STEM
$49.5M
$9.83K ﹤0.01%
1,403
-203
-13% -$2.35K
OUSTZ
5562
CALL
DELISTED
Ouster Inc Warrants
OUSTZ
$9.68K ﹤0.01%
120,000
ECXWW
5563
CALL
ECARX Holdings Warrants
ECXWW
$1.24M
$9.62K ﹤0.01%
160,355
CGBSW
5564
CALL
DELISTED
Crown LNG Holdings Limited Warrants
CGBSW
$9.59K ﹤0.01%
273,948
CDROW icon
5565
CALL
Codere Online Luxembourg Warrants
CDROW
$5.66M
$9.49K ﹤0.01%
13,750
BRLSW icon
5566
CALL
Borealis Foods Inc Warrant
BRLSW
$748K
$9.44K ﹤0.01%
85,828
AMRN
5567
Amarin Corp
AMRN
$294M
$8.87K ﹤0.01%
990
-401
-29% -$4.24K
SCLX icon
5568
Scilex Holding
SCLX
$48M
$8.86K ﹤0.01%
1,018
-144
-12% -$1.81K
MSPRW
5569
CALL
DELISTED
MSP Recovery Inc Warrant
MSPRW
$8.85K ﹤0.01%
3,687,500
CREVW
5570
CALL
DELISTED
Carbon Revolution PLC Warrant
CREVW
$8.84K ﹤0.01%
226,665
TNMG
5571
TNL Mediagene
TNMG
$1.09M
$8.8K ﹤0.01%
+565
New +$28.7K
RBOT.WS
5572
CALL
DELISTED
Vicarious Surgical Inc Warrants
RBOT.WS
$8.63K ﹤0.01%
275,000
ISRLW
5573
CALL
DELISTED
Israel Acquisitions Corp Warrant
ISRLW
$8.25K ﹤0.01%
75,000
LNAI
5574
Lunai Bioworks
LNAI
$9.25M
$7.9K ﹤0.01%
+182
New +$11.6K
MOBXW icon
5575
CALL
Mobix Labs Warrants
MOBXW
$742K
$7.8K ﹤0.01%
75,000

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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.