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 | |
|---|---|---|---|---|---|---|
1351
SAP
SAP
$212B
| $22.3M | 0.01% |
83,044
+45,848
| +123% | +$12.5M |
|
1352
Dorian LPG
LPG
$2.03B
| $22.3M | 0.01% |
997,470
+971,419
| +3,729% | +$22.5M |
|
1353
Adaptive Biotechnologies
ADPT
$3.59B
| $22.3M | 0.01% |
2,995,301
-3,297,333
| -52% | -$25.3M |
|
1354
HSBC
HSBC
$365B
| $22.2M | 0.01% |
387,408
+375,527
| +3,161% | +$20.5M |
|
|
SWTX
1355
DELISTED
SpringWorks Therapeutics
SWTX
| $22.2M | 0.01% |
+503,868
| New | +$23.2M |
|
1356
CALL
Intercontinental Exchange
ICE
$85.6B
| $22.1M | 0.01% |
128,400
+20,300
| +19% | +$3.33M |
|
1357
Federal Realty Investment Trust
FRT
$10.7B
| $22.1M | 0.01% |
226,358
+84,308
| +59% | +$8.76M |
|
1358
Ameriprise Financial
AMP
$48.3B
| $22.1M | 0.01% |
45,712
-24,420
| -35% | -$12.8M |
|
|
NTST
1359
NETSTREIT Corp
NTST
$2.09B
| $22.1M | 0.01% |
1,393,595
-367,816
| -21% | -$5.38M |
|
1360
PUT
Ares Capital
ARCC
$13.5B
| $22.1M | 0.01% |
995,300
+153,000
| +18% | +$3.47M |
|
1361
Papa John's
PZZA
$984M
| $22M | 0.01% |
536,191
+463,270
| +635% | +$19.8M |
|
1362
Hilton Worldwide
HLT
$72.1B
| $22M | 0.01% |
96,605
-3,796
| -4% | -$946K |
|
1363
CALL
Cigna
CI
$73.7B
| $22M | 0.01% |
66,800
+40,400
| +153% | +$12.2M |
|
|
VNET
1364
VNET Group
VNET
$2.04B
| $22M | 0.01% |
2,679,766
-2,898,605
| -52% | -$26.6M |
|
1365
Mueller Industries
MLI
$14.7B
| $22M | 0.01% |
576,684
+12,296
| +2% | +$491K |
|
1366
Century Communities
CCS
$1.91B
| $21.9M | 0.01% |
326,408
+167,404
| +105% | +$12.1M |
|
1367
e.l.f. Beauty
ELF
$4.89B
| $21.9M | 0.01% |
348,342
+228,187
| +190% | +$19.9M |
|
1368
CALL
Celsius Holdings
CELH
$7.47B
| $21.9M | 0.01% |
613,900
+491,700
| +402% | +$13.4M |
|
1369
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $21.8M | 0.01% |
240,643
+232,884
| +3,001% | +$21.1M |
|
1370
Empire State Realty Trust
ESRT
$872M
| $21.8M | 0.01% |
2,786,559
+1,309,913
| +89% | +$11.8M |
|
1371
BP
BP
$116B
| $21.8M | 0.01% |
644,417
-10,226,101
| -94% | -$334M |
|
1372
Cincinnati Financial
CINF
$27.3B
| $21.8M | 0.01% |
147,404
-544,342
| -79% | -$76.6M |
|
1373
Shift4
FOUR
$4.2B
| $21.8M | 0.01% |
266,473
+146,193
| +122% | +$15.1M |
|
1374
Wipro
WIT
$19.6B
| $21.8M | 0.01% |
7,114,173
+2,939,007
| +70% | +$10M |
|
1375
Vipshop
VIPS
$7.37B
| $21.7M | 0.01% |
1,386,985
+226,574
| +20% | +$3.42M |
|
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.