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 | |
|---|---|---|---|---|---|---|
1301
Enact Holdings
ACT
$6.61B
| $23.8M | 0.01% |
686,133
+313,662
| +84% | +$10.5M |
|
1302
CALL
DraftKings
DKNG
$11.6B
| $23.8M | 0.01% |
717,800
+619,500
| +630% | +$25.4M |
|
1303
Intapp
INTA
$2.52B
| $23.8M | 0.01% |
407,561
+172,744
| +74% | +$11.4M |
|
1304
Prudential Financial
PRU
$42.4B
| $23.8M | 0.01% |
212,892
-44,375
| -17% | -$5.06M |
|
|
AXON
1305
PUT
Axon Enterprise
AXON
$42.5B
| $23.8M | 0.01% |
45,200
+1,100
| +2% | +$644K |
|
1306
PUT
Williams Companies
WMB
$87.5B
| $23.7M | 0.01% |
396,200
+357,100
| +913% | +$20.4M |
|
1307
DexCom
DXCM
$31.5B
| $23.7M | 0.01% |
346,538
-2,729,426
| -89% | -$223M |
|
1308
Amphenol
APH
$198B
| $23.7M | 0.01% |
360,797
-1,549,218
| -81% | -$106M |
|
1309
PUT
State Street Materials Select Sector SPDR ETF
XLB
$8.5B
| $23.6M | 0.01% |
550,000
+400,000
| +267% | +$17.5M |
|
1310
CALL
Workday
WDAY
$39.6B
| $23.6M | 0.01% |
101,100
-70,300
| -41% | -$17.9M |
|
1311
Acadia Healthcare
ACHC
$2.76B
| $23.6M | 0.01% |
777,934
-121,836
| -14% | -$4.64M |
|
1312
PUT
JD.com
JD
$44.6B
| $23.6M | 0.01% |
573,500
-323,300
| -36% | -$13M |
|
1313
SPDR Gold Trust
GLD
$131B
| $23.5M | 0.01% |
81,661
-170,365
| -68% | -$45.1M |
|
|
TPH
1314
DELISTED
Tri Pointe Homes
TPH
| $23.5M | 0.01% |
737,075
-356,748
| -33% | -$12.2M |
|
1315
CALL
Mondelez International
MDLZ
$79.5B
| $23.5M | 0.01% |
346,700
+35,500
| +11% | +$2.19M |
|
1316
James Hardie Industries
JHX
$15.3B
| $23.5M | 0.01% |
997,875
+978,314
| +5,001% | +$30.8M |
|
1317
Indivior Pharmaceuticals
INDV
$4.73B
| $23.5M | 0.01% |
2,465,714
+1,232,708
| +100% | +$13M |
|
1318
Samsara
IOT
$21.7B
| $23.5M | 0.01% |
612,859
+501,216
| +449% | +$23.3M |
|
1319
CALL
Atlassian
TEAM
$25.6B
| $23.5M | 0.01% |
110,600
+14,700
| +15% | +$3.88M |
|
1320
Coca-Cola Europacific Partners
CCEP
$48.3B
| $23.4M | 0.01% |
268,837
-1,767,296
| -87% | -$144M |
|
1321
Caesars Entertainment
CZR
$6.06B
| $23.4M | 0.01% |
934,003
+809,536
| +650% | +$26.3M |
|
1322
PUT
Sanofi
SNY
$103B
| $23.3M | 0.01% |
420,300
+376,200
| +853% | +$20.4M |
|
1323
CoreCivic
CXW
$2.96B
| $23.2M | 0.01% |
1,145,504
-116,440
| -9% | -$2.34M |
|
1324
PUT
Hims & Hers Health
HIMS
$6.43B
| $23.2M | 0.01% |
785,000
+709,000
| +933% | +$26.3M |
|
1325
State Street Industrial Select Sector SPDR ETF
XLI
$32.8B
| $23.2M | 0.01% |
176,956
+160,842
| +998% | +$21.7M |
|
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.