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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
HBB icon
5951
Hamilton Beach Brands
HBB
$313M
-23,379
Closed -$393K
HCAT icon
5952
CALL
Health Catalyst
HCAT
$160M
-454,500
Closed -$3.21M
HCA icon
5953
HCA Healthcare
HCA
$88.4B
-108,869
Closed -$35M
HCSG icon
5954
CALL
Healthcare Services Group
HCSG
$1.61B
-336,800
Closed -$3.91M
HE icon
5955
CALL
Hawaiian Electric Industries
HE
$2.26B
-150,100
Closed -$1.46M
HE icon
5956
Hawaiian Electric Industries
HE
$2.26B
-1,745,365
Closed -$17M
HEI icon
5957
PUT
HEICO Corp
HEI
$49.6B
-1,800
Closed -$428K
HFRO
5958
Highland Opportunities and Income Fund
HFRO
$407M
-33,253
Closed -$173K
HGBL icon
5959
Heritage Global
HGBL
$41.7M
-29,805
Closed -$55.1K
HGV icon
5960
Hilton Grand Vacations
HGV
$4.04B
-2,045,286
Closed -$79.7M
HIG icon
5961
PUT
Hartford Financial Services
HIG
$39.9B
-1,900
Closed -$208K
HIW icon
5962
Highwoods Properties
HIW
$3.79B
-78,495
Closed -$2.4M
HL icon
5963
CALL
Hecla Mining
HL
$9.49B
-15,800
Closed -$77.6K
HLF icon
5964
PUT
Herbalife
HLF
$1.3B
-200,000
Closed -$1.34M
HLNE icon
5965
Hamilton Lane
HLNE
$3.88B
-1,711
Closed -$253K
HMN icon
5966
Horace Mann Educators
HMN
$2.11B
-7,417
Closed -$291K
HOLX
5967
CALL
DELISTED
Hologic
HOLX
-40,000
Closed -$2.88M
HOMB icon
5968
Home BancShares
HOMB
$6.3B
-29,011
Closed -$821K
HOOK
5969
DELISTED
HOOKIPA Pharma
HOOK
-15,326
Closed -$30.8K
HOV icon
5970
Hovnanian Enterprises
HOV
$779M
-3,908
Closed -$523K
HP icon
5971
PUT
Helmerich & Payne
HP
$3.34B
-12,000
Closed -$384K
HQY icon
5972
CALL
HealthEquity
HQY
$8.71B
-145,000
Closed -$13.9M
HRZN icon
5973
Horizon Technology Finance
HRZN
$294M
-96,342
Closed -$866K
HSBC icon
5974
CALL
HSBC
HSBC
$352B
-330,700
Closed -$1.61M
HST icon
5975
CALL
Host Hotels & Resorts
HST
$17.5B
-37,100
Closed -$650K

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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.