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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
VTLE
6326
DELISTED
Vital Energy
VTLE
-123,426
Closed -$3.82M
VTLE
6327
PUT
DELISTED
Vital Energy
VTLE
-8,400
Closed -$260K
VTMX icon
6328
Vesta Real Estate
VTMX
$3.22B
-58,542
Closed -$1.5M
VUG icon
6329
Vanguard Growth ETF
VUG
$212B
-4,272
Closed -$292K
VVR icon
6330
Invesco Senior Income Trust
VVR
$456M
-13,718
Closed -$54.2K
VWOB icon
6331
Vanguard Emerging Markets Government Bond ETF
VWOB
$6.14B
-7,890
Closed -$498K
VZ icon
6332
Verizon
VZ
$197B
-6,314,696
Closed -$263M
WAB icon
6333
PUT
Wabtec
WAB
$49.3B
-3,300
Closed -$626K
WABC icon
6334
Westamerica Bancorp
WABC
$1.39B
-55,310
Closed -$2.9M
WAL icon
6335
CALL
Western Alliance Bancorporation
WAL
$8.81B
-5,500
Closed -$459K
WALD icon
6336
Waldencast
WALD
$209M
-61,447
Closed -$247K
WBX
6337
Wallbox
WBX
$76.7M
-6,183
Closed -$61.9K
WEN icon
6338
CALL
Wendy's
WEN
$1.46B
-92,600
Closed -$1.51M
WHF icon
6339
WhiteHorse Finance
WHF
$138M
-129,981
Closed -$1.26M
WIW
6340
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$506M
-52,028
Closed -$430K
WMG icon
6341
PUT
Warner Music
WMG
$15.2B
-8,000
Closed -$248K
WMK icon
6342
Weis Markets
WMK
$1.92B
-12,952
Closed -$877K
WOLF icon
6343
PUT
Wolfspeed
WOLF
$1.04B
-404,800
Closed -$2.7M
WPRT
6344
Westport Fuel Systems
WPRT
$31.9M
-41,671
Closed -$149K
WRB icon
6345
CALL
W.R. Berkley
WRB
$28.1B
-6,900
Closed -$404K
WTBA icon
6346
West Bancorporation
WTBA
$476M
-27,590
Closed -$597K
WW
6347
CALL
DELISTED
WW International
WW
-1,250,000
Closed -$1.59M
XAIR icon
6348
Beyond Air
XAIR
$3.97M
-154
Closed -$22K
XEL icon
6349
CALL
Xcel Energy
XEL
$49.2B
-72,600
Closed -$4.9M
XGN icon
6350
Exagen
XGN
$105M
-15,862
Closed -$65K

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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.