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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
FLYW icon
5901
CALL
Flywire
FLYW
$2.04B
-13,000
Closed -$268K
FMC icon
5902
CALL
FMC
FMC
$1.25B
-5,200
Closed -$253K
FNDX icon
5903
Schwab Fundamental US Large Company Index ETF
FNDX
$26.5B
-28,880
Closed -$684K
FRGE
5904
DELISTED
Forge Global Holdings
FRGE
-18,068
Closed -$252K
FROG icon
5905
CALL
JFrog
FROG
$8.88B
-67,600
Closed -$1.99M
FSP
5906
Franklin Street Properties
FSP
$49.9M
-11,238
Closed -$20.6K
FSTR icon
5907
Foster
FSTR
$421M
-38,425
Closed -$1.03M
FSV icon
5908
FirstService
FSV
$6.55B
-27,090
Closed -$4.9M
FTEK icon
5909
Fuel Tech
FTEK
$43M
-58,571
Closed -$61.5K
FTHM icon
5910
Fathom Holdings
FTHM
$26.4M
-33,911
Closed -$51.9K
FTLF icon
5911
FitLife Brands
FTLF
$96.3M
-15,206
Closed -$248K
FTRE icon
5912
CALL
Fortrea Holdings
FTRE
$1.93B
-20,000
Closed -$373K
FTRE icon
5913
PUT
Fortrea Holdings
FTRE
$1.93B
-435,000
Closed -$8.11M
FXO icon
5914
First Trust Financials AlphaDEX Fund
FXO
$1.14B
-3,887
Closed -$210K
FYBR
5915
CALL
DELISTED
Frontier Communications
FYBR
-9,000
Closed -$312K
FYBR
5916
PUT
DELISTED
Frontier Communications
FYBR
-201,800
Closed -$7M
GALT icon
5917
Galectin Therapeutics
GALT
$230M
-10,108
Closed -$13K
GBIO
5918
DELISTED
Generation Bio
GBIO
-9,158
Closed -$97.1K
GCT icon
5919
PUT
GigaCloud Technology
GCT
$1.55B
-32,100
Closed -$594K
GDS icon
5920
PUT
GDS Holdings
GDS
$5.93B
-13,500
Closed -$321K
GEN icon
5921
Gen Digital
GEN
$16.5B
-771,390
Closed -$21.1M
GEO icon
5922
PUT
The GEO Group
GEO
$4B
-13,500
Closed -$378K
GFAI icon
5923
Guardforce AI
GFAI
$9.89M
-24,998
Closed -$35.7K
GFS icon
5924
CALL
GlobalFoundries
GFS
$25.8B
-17,700
Closed -$760K
GGR icon
5925
Gogoro
GGR
$56.6M
-6,862
Closed -$68.6K

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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.