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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
MLTX icon
6076
CALL
MoonLake Immunotherapeutics
MLTX
$1.56B
-10,000
Closed -$542K
MMSI icon
6077
CALL
Merit Medical Systems
MMSI
$4.82B
-94,400
Closed -$9.13M
DFTX
6078
Definium Therapeutics
DFTX
$5.6B
-185,721
Closed -$1.29M
MNOV icon
6079
MediciNova
MNOV
$63.5M
-25,923
Closed -$54.4K
MOD icon
6080
PUT
Modine Manufacturing
MOD
$9.46B
-45,300
Closed -$5.25M
MODV
6081
DELISTED
ModivCare
MODV
-28,999
Closed -$343K
ORIO
6082
Orion Digital Corp
ORIO
$15.7M
-12,641
Closed -$17.2K
MRCC
6083
DELISTED
Monroe Capital Corp
MRCC
-50,915
Closed -$433K
MRKR icon
6084
Marker Therapeutics
MRKR
$18.5M
-16,108
Closed -$50.1K
MRSN
6085
DELISTED
Mersana Therapeutics
MRSN
-31,839
Closed -$1.14M
MSCI icon
6086
PUT
MSCI
MSCI
$42.4B
-400
Closed -$240K
MSTR icon
6087
Strategy Inc
MSTR
$34.1B
-2,411
Closed -$766K
MTB icon
6088
PUT
M&T Bank
MTB
$36.3B
-34,300
Closed -$6.45M
MTN icon
6089
PUT
Vail Resorts
MTN
$5.7B
-1,700
Closed -$319K
MTLS
6090
Materialise
MTLS
$366M
-146,650
Closed -$1.03M
MTRX icon
6091
Matrix Service
MTRX
$312M
-211,585
Closed -$2.53M
MTUM icon
6092
iShares MSCI USA Momentum Factor ETF
MTUM
$23.6B
-1,263
Closed -$261K
MTUM icon
6093
PUT
iShares MSCI USA Momentum Factor ETF
MTUM
$23.6B
-767,500
Closed -$159M
MUSA icon
6094
PUT
Murphy USA
MUSA
$11.4B
-600
Closed -$301K
NATL icon
6095
NCR Atleos
NATL
$3.51B
-7,881
Closed -$267K
NBIX icon
6096
PUT
Neurocrine Biosciences
NBIX
$18.2B
-8,800
Closed -$1.2M
NBTX
6097
Nanobiotix
NBTX
$1.92B
-13,452
Closed -$38.6K
NCNO icon
6098
CALL
nCino
NCNO
$2.06B
-176,000
Closed -$5.91M
NCNO icon
6099
PUT
nCino
NCNO
$2.06B
-7,700
Closed -$259K
NDAQ icon
6100
PUT
Nasdaq
NDAQ
$53.4B
-126,400
Closed -$9.77M

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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.