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 | |
|---|---|---|---|---|---|---|
1001
Range Resources
RRC
$9.38B
| $34.8M | 0.02% |
872,683
+219,397
| +34% | +$8.44M |
|
1002
FMC
FMC
$1.34B
| $34.8M | 0.02% |
823,674
+558,605
| +211% | +$24.8M |
|
1003
PUT
SPDR Gold Trust
GLD
$131B
| $34.7M | 0.02% |
120,600
+10,000
| +9% | +$2.64M |
|
1004
New Oriental
EDU
$9.37B
| $34.7M | 0.02% |
725,044
+269,070
| +59% | +$13.8M |
|
1005
CALL
Stryker
SYK
$125B
| $34.7M | 0.02% |
93,100
+44,200
| +90% | +$16.8M |
|
1006
Zions Bancorporation
ZION
$10.2B
| $34.6M | 0.02% |
693,449
-233,248
| -25% | -$12.6M |
|
|
ARR
1007
Armour Residential REIT
ARR
$2.33B
| $34.5M | 0.02% |
2,019,888
+2,008,287
| +17,311% | +$37.4M |
|
1008
Virtu Financial
VIRT
$5.11B
| $34.5M | 0.02% |
905,813
+208,156
| +30% | +$7.74M |
|
1009
Q2 Holdings
QTWO
$3.8B
| $34.5M | 0.02% |
431,544
+253,477
| +142% | +$22.4M |
|
1010
CALL
Zimmer Biomet
ZBH
$18.2B
| $34.5M | 0.02% |
305,000
+180,000
| +144% | +$19.3M |
|
1011
Restaurant Brands International
QSR
$25.7B
| $34.4M | 0.02% |
516,333
+469,778
| +1,009% | +$30.3M |
|
|
TGI
1012
DELISTED
Triumph Group
TGI
| $34.4M | 0.02% |
1,356,774
+1,334,096
| +5,883% | +$30.9M |
|
1013
PUT
United Airlines
UAL
$39.4B
| $34.4M | 0.02% |
497,900
-388,500
| -44% | -$36.7M |
|
1014
CALL
Texas Instruments
TXN
$252B
| $34.3M | 0.02% |
191,100
-336,800
| -64% | -$63.1M |
|
1015
Church & Dwight Co
CHD
$23.4B
| $34.3M | 0.02% |
311,346
+252,612
| +430% | +$27M |
|
1016
CALL
Salesforce
CRM
$151B
| $34.3M | 0.02% |
127,700
-157,500
| -55% | -$49M |
|
|
AD
1017
Array Digital Infrastructure
AD
$3.01B
| $34.3M | 0.02% |
495,473
+224,801
| +83% | +$14.6M |
|
1018
Vail Resorts
MTN
$5.32B
| $34.2M | 0.02% |
213,656
+70,968
| +50% | +$11.8M |
|
1019
Modine Manufacturing
MOD
$10.7B
| $34.1M | 0.02% |
444,673
+351,728
| +378% | +$34.7M |
|
1020
CAVA Group
CAVA
$7.6B
| $34.1M | 0.02% |
394,747
-125,967
| -24% | -$13.7M |
|
1021
CALL
CVS Health
CVS
$133B
| $34.1M | 0.02% |
503,000
-74,000
| -13% | -$4.43M |
|
1022
Ares Management
ARES
$28.9B
| $34M | 0.02% |
232,076
-534,191
| -70% | -$92.3M |
|
1023
Mid-America Apartment Communities
MAA
$15.4B
| $34M | 0.02% |
202,835
+191,854
| +1,747% | +$30.4M |
|
1024
SentinelOne
S
$6.53B
| $33.9M | 0.02% |
1,865,124
-300,695
| -14% | -$6.52M |
|
1025
CALL
GE HealthCare
GEHC
$30.7B
| $33.9M | 0.02% |
420,000
+402,400
| +2,286% | +$34.6M |
|
Similar funds
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.