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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
PSA icon
6176
Public Storage
PSA
$61.5B
-172,027
Closed -$51.4M
PSQH icon
6177
PSQ Holdings
PSQH
$12.4M
-3,172
Closed -$216K
PTEN icon
6178
CALL
Patterson-UTI
PTEN
$3.54B
-20,000
Closed -$165K
PTGX icon
6179
CALL
Protagonist Therapeutics
PTGX
$8.55B
-35,000
Closed -$1.35M
PZA icon
6180
Invesco National AMT-Free Municipal Bond ETF
PZA
$4.23B
-9,929
Closed -$234K
QDEL icon
6181
CALL
QuidelOrtho
QDEL
$1.13B
-35,000
Closed -$1.56M
QQQX icon
6182
Nuveen NASDAQ 100 Dynamic Overwrite Fund
QQQX
$1.41B
-10,746
Closed -$291K
QUAL icon
6183
iShares MSCI USA Quality Factor ETF
QUAL
$45.7B
-2,966
Closed -$528K
RA
6184
Brookfield Real Assets Income Fund
RA
$704M
-16,471
Closed -$219K
RDI icon
6185
Reading International Class A
RDI
$32.5M
-14,422
Closed -$19K
REFI
6186
Chicago Atlantic Real Estate Finance
REFI
$251M
-48,957
Closed -$755K
RENT
6187
Rent the Runway
RENT
$124M
-20,763
Closed -$176K
REX icon
6188
REX American Resources
REX
$1.39B
-47,518
Closed -$991K
REXR icon
6189
PUT
Rexford Industrial Realty
REXR
$8.63B
-56,000
Closed -$2.16M
RGEN icon
6190
PUT
Repligen
RGEN
$6.91B
-26,900
Closed -$3.87M
RGLD icon
6191
Royal Gold
RGLD
$16.6B
-148,741
Closed -$21.8M
RGLS
6192
DELISTED
Regulus Therapeutics
RGLS
-2,192,158
Closed -$3.46M
RGTI icon
6193
PUT
Rigetti Computing
RGTI
$4.39B
-79,000
Closed -$1.21M
RICK icon
6194
RCI Hospitality Holdings
RICK
$202M
-9,669
Closed -$556K
RIG icon
6195
PUT
Transocean
RIG
$5.48B
-183,900
Closed -$690K
RIGL icon
6196
Rigel Pharmaceuticals
RIGL
$723M
-70,426
Closed -$1.18M
RLJ.PRA icon
6197
RLJ Lodging Trust $1.95 Series A Preferred Stock
RLJ.PRA
$324M
-72,225
Closed -$71K
RMTI icon
6198
Rockwell Medical
RMTI
$27.2M
-7,435
Closed -$152K
RNXT icon
6199
RenovoRx
RNXT
$40.5M
-76,814
Closed -$99.1K
ROL icon
6200
PUT
Rollins
ROL
$18.6B
-4,800
Closed -$222K

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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.