Millennium Management Portfolio holdings
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$2.22B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$372M |
| 3 |
Danaher
DHR
|
+$293M |
| 4 |
Linde
LIN
|
+$281M |
| 5 |
Carlyle Group
CG
|
+$268M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Broadcom
AVGO
|
+$926M |
| 2 |
iShares Russell 1000 ETF
IWB
|
+$770M |
| 3 |
iShares Bitcoin Trust
IBIT
|
+$649M |
| 4 |
Meta Platforms (Facebook)
META
|
+$641M |
| 5 |
Bristol-Myers Squibb
BMY
|
+$462M |
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 | |
|---|---|---|---|---|---|---|
601
CALL
Vertex Pharmaceuticals
VRTX
$122B
| $62.3M | 0.03% |
128,400
+90,300
| +237% | +$42.1M |
|
602
Expedia Group
EXPE
$35.2B
| $62.2M | 0.03% |
370,131
-112,690
| -23% | -$20.5M |
|
603
Universal Health Services
UHS
$9.88B
| $62.1M | 0.03% |
330,444
-366,562
| -53% | -$66.9M |
|
604
Progressive
PGR
$124B
| $61.9M | 0.03% |
218,784
-421,317
| -66% | -$110M |
|
|
SF
605
Stifel
SF
$12.5B
| $61.9M | 0.03% |
984,572
-629,083
| -39% | -$44.3M |
|
606
Kirby Corp
KEX
$7.08B
| $61.9M | 0.03% |
612,400
+202,167
| +49% | +$21.1M |
|
607
CME Group
CME
$96.1B
| $61.8M | 0.03% |
233,067
-672,299
| -74% | -$166M |
|
608
CALL
Philip Morris
PM
$299B
| $61.7M | 0.03% |
388,600
+142,800
| +58% | +$20.2M |
|
|
NVO
609
Novo Nordisk
NVO
$228B
| $61.6M | 0.03% |
887,687
+532,472
| +150% | +$44M |
|
610
Life Time Group Holdings
LTH
$9.84B
| $61.6M | 0.03% |
2,038,781
+808,715
| +66% | +$23.8M |
|
611
Jones Lang LaSalle
JLL
$16.8B
| $61.3M | 0.03% |
247,454
-87,997
| -26% | -$23.2M |
|
612
Constellation Energy
CEG
$94.1B
| $61.3M | 0.03% |
304,046
+162,627
| +115% | +$43.6M |
|
613
CALL
KraneShares CSI China Internet ETF
KWEB
$5.55B
| $61.3M | 0.03% |
1,754,600
-1,031,100
| -37% | -$34.2M |
|
|
BPMC
614
DELISTED
Blueprint Medicines
BPMC
| $61.2M | 0.03% |
691,395
-45,969
| -6% | -$4.48M |
|
615
ADT
ADT
$5.51B
| $61.1M | 0.03% |
7,504,051
+6,527,539
| +668% | +$49.3M |
|
|
FITB
616
Fifth Third Bancorp
FITB
$51.3B
| $61M | 0.03% |
1,555,839
+573,293
| +58% | +$24.2M |
|
617
AngloGold Ashanti
AU
$41.6B
| $60.9M | 0.03% |
1,641,527
+851,872
| +108% | +$26.2M |
|
|
GRFS
618
Grifois
GRFS
$5.58B
| $60.9M | 0.03% |
8,568,935
-783,489
| -8% | -$5.91M |
|
619
Astera Labs
ALAB
$51.4B
| $60.9M | 0.03% |
1,020,949
+534,398
| +110% | +$49.4M |
|
620
Churchill Downs
CHDN
$5.76B
| $60.9M | 0.03% |
548,476
+284,045
| +107% | +$33.9M |
|
621
Globe Life
GL
$14.2B
| $60.9M | 0.03% |
462,127
+279,508
| +153% | +$34.2M |
|
622
SEI Investments
SEIC
$12.4B
| $60.8M | 0.03% |
783,619
+605,252
| +339% | +$48.7M |
|
623
Devon Energy
DVN
$50.9B
| $60.6M | 0.03% |
1,619,448
+336,069
| +26% | +$11.9M |
|
624
PUT
Arista Networks
ANET
$215B
| $60.4M | 0.03% |
779,600
-243,600
| -24% | -$24.7M |
|
625
Allegro MicroSystems
ALGM
$7.72B
| $60.4M | 0.03% |
2,402,978
+1,078,025
| +81% | +$26.9M |
|
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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.