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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
LPTH icon
6051
Lightpath Technologies
LPTH
$590M
-15,016
Closed -$53K
CYPH
6052
Cypherpunk Technologies Inc
CYPH
$64M
-16,748
Closed -$48.1K
LSCC icon
6053
CALL
Lattice Semiconductor
LSCC
$16B
-30,000
Closed -$1.7M
LSF icon
6054
Laird Superfood
LSF
$46.2M
-18,905
Closed -$149K
LSPD icon
6055
CALL
Lightspeed Commerce
LSPD
$1.44B
-97,900
Closed -$1.49M
LTRX icon
6056
Lantronix
LTRX
$223M
-48,352
Closed -$199K
LVTX
6057
DELISTED
LAVA Therapeutics
LVTX
-19,604
Closed -$18.6K
LZM icon
6058
Lifezone Metals
LZM
$275M
-144,096
Closed -$1M
MAC icon
6059
PUT
Macerich
MAC
$7.4B
-13,200
Closed -$263K
MARA icon
6060
Marathon Digital Holdings
MARA
$3.83B
-49,868
Closed -$793K
MASI
6061
CALL
DELISTED
Masimo
MASI
-25,000
Closed -$4.13M
MASS icon
6062
908 Devices
MASS
$312M
-116,358
Closed -$256K
MAXN
6063
DELISTED
Maxeon Solar Technologies
MAXN
-10,769
Closed -$81.2K
MBUU icon
6064
Malibu Boats
MBUU
$548M
-15,051
Closed -$566K
MCB icon
6065
Metropolitan Bank Holding Corp
MCB
$1.15B
-10,434
Closed -$609K
MCHI icon
6066
CALL
iShares MSCI China ETF
MCHI
$6.23B
-36,500
Closed -$1.71M
MCHI icon
6067
PUT
iShares MSCI China ETF
MCHI
$6.23B
-21,300
Closed -$998K
MCHX icon
6068
Marchex
MCHX
$78M
-21,287
Closed -$37.3K
MDGL icon
6069
PUT
Madrigal Pharmaceuticals
MDGL
$12.6B
-1,700
Closed -$525K
MED icon
6070
CALL
Medifast
MED
$107M
-40,000
Closed -$705K
RJET
6071
Republic Airways Holdings
RJET
$845M
-1,451
Closed -$25.3K
MGNI icon
6072
PUT
Magnite
MGNI
$2.83B
-15,700
Closed -$250K
MHD icon
6073
BlackRock MuniHoldings Fund
MHD
$602M
-17,964
Closed -$210K
MGTX icon
6074
MeiraGTx Holdings
MGTX
$1.08B
-48,855
Closed -$298K
MLAB icon
6075
Mesa Laboratories
MLAB
$551M
-4,832
Closed -$637K

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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.