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 | |
|---|---|---|---|---|---|---|
1326
CALL
Align Technology
ALGN
$12.1B
| $23.2M | 0.01% |
145,900
+120,500
| +474% | +$23.7M |
|
1327
PVH
PVH
$4B
| $23.2M | 0.01% |
+358,432
| New | +$29M |
|
1328
Golub Capital BDC
GBDC
$3.34B
| $23.1M | 0.01% |
1,528,608
-380,696
| -20% | -$5.84M |
|
1329
Loews
L
$23.9B
| $23.1M | 0.01% |
251,175
+146,695
| +140% | +$12.5M |
|
|
CALY
1330
Callaway Golf Company
CALY
$3.32B
| $23.1M | 0.01% |
+3,502,838
| New | +$25.7M |
|
1331
First Interstate BancSystem
FIBK
$3.69B
| $23.1M | 0.01% |
805,552
-60,465
| -7% | -$1.87M |
|
1332
State Street SPDR S&P Bank ETF
KBE
$1.64B
| $23M | 0.01% |
433,405
+73,404
| +20% | +$4.11M |
|
1333
CALL
WillScot Mobile Mini Holdings
WSC
$4.39B
| $22.9M | 0.01% |
824,700
+732,100
| +791% | +$24.9M |
|
1334
Ericsson
ERIC
$32.2B
| $22.9M | 0.01% |
2,951,329
-3,793,611
| -56% | -$30.6M |
|
1335
Baxter International
BAX
$13.5B
| $22.9M | 0.01% |
668,577
-376,280
| -36% | -$12.3M |
|
|
TXNM
1336
TXNM Energy Inc
TXNM
$6.41B
| $22.9M | 0.01% |
427,833
-1,105,829
| -72% | -$55.5M |
|
1337
Bank of Montreal
BMO
$126B
| $22.8M | 0.01% |
238,662
-29,562
| -11% | -$2.92M |
|
1338
PUT
Equinor
EQNR
$97.7B
| $22.8M | 0.01% |
+861,600
| New | +$20.9M |
|
1339
MDU Resources
MDU
$4.17B
| $22.7M | 0.01% |
1,343,979
+682,098
| +103% | +$11.8M |
|
1340
CALL
First Solar
FSLR
$22.7B
| $22.7M | 0.01% |
179,500
+92,400
| +106% | +$14.4M |
|
1341
CALL
DexCom
DXCM
$31.5B
| $22.7M | 0.01% |
332,100
-320,400
| -49% | -$26.1M |
|
1342
RxSight
RXST
$249M
| $22.7M | 0.01% |
897,846
-109,693
| -11% | -$3.26M |
|
1343
Robinhood
HOOD
$77.8B
| $22.6M | 0.01% |
544,013
-1,699,146
| -76% | -$80.8M |
|
|
FLG
1344
Flagstar Bank National Association
FLG
$5.93B
| $22.5M | 0.01% |
1,937,837
-93,888
| -5% | -$1.06M |
|
1345
Sunstone Hotel Investors
SHO
$2.19B
| $22.5M | 0.01% |
2,392,774
+300,965
| +14% | +$3.26M |
|
1346
PUT
Spotify
SPOT
$103B
| $22.5M | 0.01% |
40,900
+23,600
| +136% | +$13.2M |
|
1347
CALL
iShares Silver Trust
SLV
$28B
| $22.5M | 0.01% |
724,900
-312,300
| -30% | -$9.07M |
|
|
MASI
1348
DELISTED
Masimo
MASI
| $22.5M | 0.01% |
134,806
-273,252
| -67% | -$47.4M |
|
1349
TE Connectivity
TEL
$59.6B
| $22.5M | 0.01% |
158,867
-705,737
| -82% | -$104M |
|
1350
L3Harris
LHX
$51.6B
| $22.4M | 0.01% |
107,088
-4,194
| -4% | -$879K |
|
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.