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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
AZEK
5726
PUT
DELISTED
The AZEK Co
AZEK
-6,300
Closed -$299K
AZZ icon
5727
AZZ Inc
AZZ
$4.36B
-9,055
Closed -$742K
AZO icon
5728
CALL
AutoZone
AZO
$49.1B
-3,300
Closed -$10.6M
AZUL
5729
CALL
DELISTED
Azul
AZUL
-12,000
Closed -$20K
AZUL
5730
PUT
DELISTED
Azul
AZUL
-10,700
Closed -$17.9K
BAK icon
5731
Braskem
BAK
$960M
-168,815
Closed -$652K
BALL icon
5732
CALL
Ball Corp
BALL
$17.4B
-25,300
Closed -$1.39M
BALL icon
5733
PUT
Ball Corp
BALL
$17.4B
-21,200
Closed -$1.17M
BALY icon
5734
Bally's
BALY
$700M
-507,168
Closed -$9.07M
BAM icon
5735
PUT
Brookfield Asset Management
BAM
$76.6B
-123,800
Closed -$6.71M
BANF icon
5736
BancFirst
BANF
$3.77B
-38,098
Closed -$4.46M
BAX icon
5737
CALL
Baxter International
BAX
$13.8B
-351,700
Closed -$10.3M
BBAI icon
5738
CALL
BigBear.ai
BBAI
$1.36B
-25,000
Closed -$111K
BBIO icon
5739
PUT
BridgeBio Pharma
BBIO
$16.1B
-7,500
Closed -$206K
BCBP icon
5740
BCB Bancorp
BCBP
$177M
-11,903
Closed -$141K
BCE icon
5741
BCE
BCE
$20.2B
-425,939
Closed -$10M
BELFB
5742
Bel Fuse Inc Class B
BELFB
$3.6B
-3,701
Closed -$305K
BEPC icon
5743
Brookfield Renewable
BEPC
$6.04B
-408,254
Closed -$11.3M
BF.A icon
5744
Brown-Forman Class A
BF.A
$13.4B
-31,940
Closed -$1.2M
BFRI icon
5745
Biofrontera
BFRI
$15.7M
-10,095
Closed -$11K
BGSF icon
5746
BGSF Inc
BGSF
$56.3M
-11,377
Closed -$59.6K
BHVN icon
5747
CALL
Biohaven
BHVN
$2.08B
-65,000
Closed -$2.43M
BIO icon
5748
PUT
Bio-Rad Laboratories Class A
BIO
$8.74B
-2,000
Closed -$657K
BIVI icon
5749
BioVie
BIVI
$10.8M
-12,262
Closed -$245K
BIZD icon
5750
VanEck BDC Income ETF
BIZD
$1.6B
-206,533
Closed -$3.43M

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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.