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 | |
|---|---|---|---|---|---|---|
|
SEM
1151
DELISTED
Select Medical
SEM
| $28.6M | 0.02% |
1,712,991
+1,418,349
| +481% | +$26.1M |
|
1152
BioCryst Pharmaceuticals
BCRX
$2.28B
| $28.6M | 0.02% |
3,812,874
+3,022,769
| +383% | +$24.4M |
|
1153
Oscar Health
OSCR
$9.41B
| $28.6M | 0.02% |
2,180,870
+169,699
| +8% | +$2.52M |
|
1154
Regal Rexnord
RRX
$13.7B
| $28.6M | 0.02% |
251,126
+9,414
| +4% | +$1.31M |
|
1155
National Fuel Gas
NFG
$7.82B
| $28.6M | 0.02% |
360,888
+88,758
| +33% | +$6.38M |
|
1156
Edgewell Personal Care
EPC
$1.25B
| $28.6M | 0.02% |
915,281
+471,774
| +106% | +$14.8M |
|
1157
CALL
Steel Dynamics
STLD
$36B
| $28.6M | 0.02% |
228,300
-121,900
| -35% | -$15.5M |
|
1158
CALL
TJX Companies
TJX
$174B
| $28.5M | 0.02% |
234,100
-8,200
| -3% | -$995K |
|
|
CFLT
1159
DELISTED
Confluent
CFLT
| $28.5M | 0.02% |
1,215,189
+1,001,699
| +469% | +$29M |
|
1160
CALL
Altria Group
MO
$114B
| $28.4M | 0.02% |
474,000
-30,000
| -6% | -$1.64M |
|
1161
CALL
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.42B
| $28.4M | 0.02% |
521,700
+93,900
| +22% | +$5.02M |
|
1162
PUT
HCA Healthcare
HCA
$87.2B
| $28.3M | 0.02% |
81,800
-72,800
| -47% | -$23.4M |
|
1163
Medpace
MEDP
$16.1B
| $28.3M | 0.02% |
92,761
-21,004
| -18% | -$7.07M |
|
1164
CALL
Ross Stores
ROST
$80.5B
| $28.3M | 0.02% |
221,100
+141,600
| +178% | +$19.8M |
|
1165
Dell
DELL
$262B
| $28.2M | 0.02% |
309,462
-50,724
| -14% | -$5.37M |
|
1166
DXC Technology
DXC
$1.82B
| $28.2M | 0.02% |
1,652,331
+1,563,775
| +1,766% | +$30.4M |
|
1167
NVR
NVR
$16.5B
| $28.1M | 0.02% |
3,885
+1,070
| +38% | +$8.14M |
|
1168
SolarEdge
SEDG
$2.51B
| $28.1M | 0.02% |
1,738,500
-65,942
| -4% | -$1.03M |
|
1169
Kinder Morgan
KMI
$71.7B
| $28.1M | 0.01% |
983,799
+641,833
| +188% | +$17.8M |
|
1170
BOK Financial
BOKF
$8.58B
| $28M | 0.01% |
268,887
+16,108
| +6% | +$1.73M |
|
1171
ICF International
ICFI
$1.46B
| $28M | 0.01% |
329,036
+112,585
| +52% | +$11.8M |
|
1172
Asana
ASAN
$1.92B
| $27.9M | 0.01% |
1,917,221
+773,823
| +68% | +$14.7M |
|
1173
STMicroelectronics
STM
$46.7B
| $27.9M | 0.01% |
1,269,465
+877,606
| +224% | +$21.6M |
|
1174
Dana Inc
DAN
$2.9B
| $27.7M | 0.01% |
2,081,258
+928,584
| +81% | +$13.4M |
|
1175
Camping World
CWH
$393M
| $27.7M | 0.01% |
1,714,155
-25,560
| -1% | -$522K |
|
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.