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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
HTZ icon
5976
CALL
Hertz
HTZ
$500M
-100,000
Closed -$366K
HTZ icon
5977
Hertz
HTZ
$500M
-231,402
Closed -$929K
HUT
5978
PUT
Hut 8
HUT
$12.1B
-11,700
Closed -$240K
HWH icon
5979
HWH International
HWH
$11M
-4,053
Closed -$12.9K
IAUX
5980
i-80 Gold Corp
IAUX
$1.11B
-485,322
Closed -$235K
IBB icon
5981
PUT
iShares Biotechnology ETF
IBB
$9.34B
-294,000
Closed -$38.9M
IBN icon
5982
CALL
ICICI Bank
IBN
$108B
-50,000
Closed -$1.49M
ICAD
5983
DELISTED
iCAD Inc
ICAD
-18,505
Closed -$33.9K
ICLR icon
5984
CALL
Icon
ICLR
$12.6B
-35,000
Closed -$7.34M
ICUI icon
5985
CALL
ICU Medical
ICUI
$4.21B
-35,000
Closed -$5.43M
ICUI icon
5986
PUT
ICU Medical
ICUI
$4.21B
-28,900
Closed -$4.48M
IFRA icon
5987
iShares US Infrastructure ETF
IFRA
$4.5B
-6,569
Closed -$304K
IGMS
5988
DELISTED
IGM Biosciences
IGMS
-83,468
Closed -$510K
IJS icon
5989
iShares S&P Small-Cap 600 Value ETF
IJS
$8.12B
-3,060
Closed -$332K
INDA icon
5990
iShares MSCI India ETF
INDA
$6.89B
-26,516
Closed -$1.34M
INSE icon
5991
Inspired Entertainment
INSE
$184M
-15,713
Closed -$142K
INSM icon
5992
PUT
Insmed
INSM
$21.4B
-7,500
Closed -$518K
INSW icon
5993
International Seaways
INSW
$4.76B
-60,163
Closed -$2.16M
INTT icon
5994
inTEST
INTT
$155M
-10,063
Closed -$86.4K
INVH icon
5995
CALL
Invitation Homes
INVH
$17.7B
-60,800
Closed -$1.94M
IPAR icon
5996
Interparfums
IPAR
$3.99B
-35,757
Closed -$4.7M
IPSC icon
5997
Century Therapeutics
IPSC
$364M
-1,607,174
Closed -$1.62M
IPW icon
5998
iPower
IPW
$958K
-55
Closed -$11K
IQ icon
5999
CALL
iQIYI
IQ
$1.23B
-22,300
Closed -$44.8K
IR icon
6000
CALL
Ingersoll Rand
IR
$32.6B
-2,900
Closed -$262K

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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.