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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
CTSO icon
5826
Cytosorbents Corp
CTSO
$23M
-33,280
Closed -$30.3K
CTVA icon
5827
CALL
Corteva
CTVA
$53.9B
-49,000
Closed -$2.79M
CTXR icon
5828
Citius Pharmaceuticals
CTXR
$15.8M
-32,320
Closed -$129K
CUE icon
5829
Cue Biopharma
CUE
$112M
-2,310
Closed -$75.5K
CURV icon
5830
Torrid Holdings
CURV
$253M
-42,066
Closed -$220K
CVGI icon
5831
Commercial Vehicle Group
CVGI
$152M
-119,714
Closed -$297K
CWB icon
5832
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.6B
-4,033
Closed -$314K
CWCO icon
5833
Consolidated Water Co
CWCO
$471M
-83,698
Closed -$2.17M
CWH icon
5834
CALL
Camping World
CWH
$381M
-58,700
Closed -$1.24M
CWH icon
5835
PUT
Camping World
CWH
$381M
-58,700
Closed -$1.24M
CWT icon
5836
California Water Service
CWT
$3.03B
-68,850
Closed -$3.12M
CX icon
5837
CALL
Cemex
CX
$17.1B
-300,000
Closed -$1.69M
CXT icon
5838
Crane NXT
CXT
$3B
-65,553
Closed -$3.82M
CYTK icon
5839
CALL
Cytokinetics
CYTK
$10.6B
-11,800
Closed -$555K
DAC icon
5840
PUT
Danaos Corp
DAC
$2.57B
-84,600
Closed -$6.77M
DAO
5841
Youdao
DAO
$2.04B
-15,760
Closed -$117K
DAR icon
5842
CALL
Darling Ingredients
DAR
$9.68B
-12,900
Closed -$435K
DEI icon
5843
PUT
Douglas Emmett
DEI
$1.98B
-27,200
Closed -$505K
DFP
5844
Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
$428M
-17,890
Closed -$357K
DGRW icon
5845
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$16.7B
-9,812
Closed -$794K
DNUT icon
5846
PUT
Krispy Kreme
DNUT
$553M
-24,200
Closed -$240K
DNTH icon
5847
Dianthus Therapeutics
DNTH
$5.83B
-90,436
Closed -$1.97M
DOV icon
5848
CALL
Dover
DOV
$27.6B
-6,600
Closed -$1.24M
DSGR icon
5849
Distribution Solutions Group
DSGR
$1.6B
-7,142
Closed -$246K
DT icon
5850
PUT
Dynatrace
DT
$12.8B
-97,300
Closed -$5.29M

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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.