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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
AIRJ
6376
Montana Technologies Corp
AIRJ
$313M
-10,609
Closed -$84.5K
AUNA
6377
Auna
AUNA
$385M
-29,291
Closed -$201K
QTTB icon
6378
Q32 Bio
QTTB
$467M
-10,725
Closed -$36.9K
SOLV icon
6379
CALL
Solventum
SOLV
$14.9B
-100,600
Closed -$6.65M
SOLV icon
6380
Solventum
SOLV
$14.9B
-212,145
Closed -$15.8M
EPRX
6381
Eupraxia Pharmaceuticals
EPRX
$398M
-10,000
Closed -$31.3K
PBK
6382
PowerBank Corp
PBK
$23.3M
-57,092
Closed -$119K
HAFN icon
6383
Hafnia
HAFN
$3.77B
-413,391
Closed -$2.3M
MNDR
6384
Mobile-health Network Solutions
MNDR
$1.99M
-223
Closed -$17.2K
CTRI icon
6385
Centuri Holdings
CTRI
$2.63B
-45,976
Closed -$888K
IBTA icon
6386
Ibotta
IBTA
$634M
-53,753
Closed -$3.5M
RBRK icon
6387
PUT
Rubrik
RBRK
$14.7B
-10,000
Closed -$654K
BWLP icon
6388
BW LPG
BWLP
$3.26B
-65,179
Closed -$740K
FER icon
6389
CALL
Ferrovial N.V. Ordinary Shares
FER
$44.2B
-282,703
Closed -$11.4M
BIOA
6390
BioAge Labs
BIOA
$974M
-14,965
Closed -$86.6K
LB
6391
LandBridge Co
LB
$2.09B
-80,767
Closed -$5.22M
TE
6392
T1 Energy
TE
$1.16B
-141,866
Closed -$366K
TEN
6393
Tsakos Energy Navigation Ltd
TEN
$1.18B
-77,516
Closed -$1.34M
CNH
6394
CNH Industrial
CNH
$14.2B
-12,049,174
Closed -$137M
WAY
6395
CALL
Waystar Holding Corp
WAY
$4.54B
-200,000
Closed -$7.34M
WAY
6396
PUT
Waystar Holding Corp
WAY
$4.54B
-20,000
Closed -$734K
NEE.PRS
6397
NextEra Energy 7.299% Corporate Units
NEE.PRS
$2.17B
-315,627
Closed -$15.4M
TBN
6398
Tamboran Resources
TBN
$1.12B
-25,250
Closed -$530K
CMBT
6399
CMB.TECH NV
CMBT
$4.47B
-14,481
Closed -$144K
ARDT
6400
CALL
Ardent Health
ARDT
$1.64B
-212,700
Closed -$3.63M

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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.