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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
PEJ icon
6151
Invesco Leisure and Entertainment ETF
PEJ
$263M
-42,723
Closed -$2.23M
PERI icon
6152
Perion Network
PERI
$380M
-44,382
Closed -$376K
PFF icon
6153
iShares Preferred and Income Securities ETF
PFF
$13.1B
-60,438
Closed -$1.9M
PFGC icon
6154
CALL
Performance Food Group
PFGC
$18.3B
-491,100
Closed -$41.5M
PFO
6155
Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
$118M
-12,552
Closed -$113K
PGNY icon
6156
CALL
Progyny
PGNY
$2.46B
-100,000
Closed -$1.73M
PHO icon
6157
Invesco Water Resources ETF
PHO
$2.03B
-3,915
Closed -$258K
PHUN icon
6158
Phunware
PHUN
$42.9M
-10,883
Closed -$56.6K
PHVS icon
6159
Pharvaris
PHVS
$2.28B
-17,731
Closed -$340K
PKE icon
6160
Park Aerospace
PKE
$720M
-46,831
Closed -$686K
PLL
6161
DELISTED
Piedmont Lithium
PLL
-27,478
Closed -$240K
PLNT icon
6162
CALL
Planet Fitness
PLNT
$4.45B
-4,100
Closed -$405K
PLOW icon
6163
Douglas Dynamics
PLOW
$992M
-43,823
Closed -$1.04M
PMT
6164
PennyMac Mortgage Investment
PMT
$845M
-153,974
Closed -$1.94M
PNNT
6165
Pennant Park Investment Corp
PNNT
$220M
-437,489
Closed -$3.1M
PNR icon
6166
CALL
Pentair
PNR
$10.8B
-2,300
Closed -$231K
PNR icon
6167
PUT
Pentair
PNR
$10.8B
-4,200
Closed -$423K
PNW icon
6168
CALL
Pinnacle West Capital
PNW
$12.4B
-3,400
Closed -$288K
PPH icon
6169
VanEck Pharmaceutical ETF
PPH
$985M
-5,685
Closed -$491K
PPL
6170
PUT
PPL Corp
PPL
$26.9B
-16,300
Closed -$529K
PRF icon
6171
Invesco FTSE RAFI US 1000 ETF
PRF
$9.72B
-8,673
Closed -$350K
PRLB icon
6172
Protolabs
PRLB
$1.7B
-31,011
Closed -$1.21M
PRT
6173
PermRock Royalty Trust Unit
PRT
$26.8M
-10,124
Closed -$35.6K
PRVA icon
6174
CALL
Privia Health
PRVA
$3.04B
-35,000
Closed -$684K
PSA icon
6175
CALL
Public Storage
PSA
$61.5B
-1,100
Closed -$329K

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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.