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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
JSPR icon
6026
PUT
Jasper Therapeutics
JSPR
$20M
-16,800
Closed -$359K
JWN
6027
PUT
DELISTED
Nordstrom
JWN
-252,900
Closed -$6.11M
KALA icon
6028
KALA BIO
KALA
$12.5M
-2,721
Closed -$944K
KALU icon
6029
Kaiser Aluminum
KALU
$2.48B
-6,484
Closed -$456K
KBH icon
6030
PUT
KB Home
KBH
$3.5B
-13,000
Closed -$854K
KBR icon
6031
PUT
KBR
KBR
$4.56B
-6,400
Closed -$371K
KMT icon
6032
Kennametal
KMT
$2.56B
-18,707
Closed -$449K
KMX icon
6033
CALL
CarMax
KMX
$8.39B
-11,500
Closed -$940K
KNX icon
6034
CALL
Knight Transportation
KNX
$11.5B
-775,100
Closed -$41.1M
KRYS icon
6035
PUT
Krystal Biotech
KRYS
$10.7B
-4,800
Closed -$752K
LAB icon
6036
PUT
Standard BioTools
LAB
$342M
-18,400
Closed -$32.2K
MZTI
6037
PUT
The Marzetti Company
MZTI
$3.05B
-20,000
Closed -$3.46M
LEDS icon
6038
SemiLEDS
LEDS
$14.7M
-15,118
Closed -$19.5K
LGMK
6039
DELISTED
LogicMark
LGMK
-10,425
Closed -$15.6K
LGO
6040
Largo
LGO
$59.1M
-42,921
Closed -$73.9K
LH icon
6041
CALL
Labcorp
LH
$25.2B
-900
Closed -$206K
LIDR icon
6042
AEye
LIDR
$47.2M
-25,380
Closed -$32.2K
LINC icon
6043
Lincoln Educational Services
LINC
$1.38B
-18,183
Closed -$288K
LIVN icon
6044
CALL
LivaNova
LIVN
$4.47B
-10,000
Closed -$463K
LNC icon
6045
CALL
Lincoln National
LNC
$7.92B
-7,000
Closed -$222K
LNC icon
6046
PUT
Lincoln National
LNC
$7.92B
-182,800
Closed -$5.8M
LNZA icon
6047
LanzaTech
LNZA
$59.9M
-883
Closed -$121K
LOOP icon
6048
Loop Industries
LOOP
$34.8M
-34,135
Closed -$41K
LPL icon
6049
LG Display
LPL
$2.79B
-20,900
Closed -$64.2K
LPLA icon
6050
CALL
LPL Financial
LPLA
$27B
-6,700
Closed -$2.19M

Similar funds

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.