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 | |
|---|---|---|---|---|---|---|
1376
Deutsche Bank
DB
$69B
| $21.7M | 0.01% |
910,699
+884,424
| +3,366% | +$18.6M |
|
1377
Biohaven
BHVN
$2.03B
| $21.7M | 0.01% |
901,258
+895,457
| +15,436% | +$31.6M |
|
|
WCN
1378
Waste Connections
WCN
$42.2B
| $21.6M | 0.01% |
110,852
-401,366
| -78% | -$74.3M |
|
1379
Mirum Pharmaceuticals
MIRM
$6.46B
| $21.6M | 0.01% |
479,299
-47,675
| -9% | -$2.25M |
|
1380
CALL
Paychex
PAYX
$41.6B
| $21.5M | 0.01% |
139,500
+76,800
| +122% | +$11.3M |
|
|
MAGN
1381
Magnera Corp
MAGN
$472M
| $21.5M | 0.01% |
1,184,022
+286,978
| +32% | +$5.58M |
|
1382
CALL
KLA
KLAC
$239B
| $21.5M | 0.01% |
316,000
-123,000
| -28% | -$8.86M |
|
|
ONT
1383
Onterris Inc
ONT
$759M
| $21.5M | 0.01% |
1,504,541
+62,826
| +4% | +$1.2M |
|
1384
Ezcorp Inc
EZPW
$1.83B
| $21.4M | 0.01% |
1,455,869
+260,085
| +22% | +$3.43M |
|
1385
Trade Desk
TTD
$8.48B
| $21.4M | 0.01% |
391,250
-2,146,863
| -85% | -$194M |
|
1386
OFG Bancorp
OFG
$2.23B
| $21.4M | 0.01% |
534,039
+225,472
| +73% | +$9.45M |
|
1387
Packaging Corp of America
PKG
$21.9B
| $21.4M | 0.01% |
107,876
-511,667
| -83% | -$109M |
|
1388
Tetra Tech
TTEK
$8.49B
| $21.4M | 0.01% |
729,919
+419,845
| +135% | +$14.1M |
|
1389
PUT
Johnson Controls International
JCI
$88.8B
| $21.3M | 0.01% |
266,500
+117,400
| +79% | +$9.65M |
|
1390
CALL
Progressive
PGR
$123B
| $21.3M | 0.01% |
75,400
+43,400
| +136% | +$11.4M |
|
1391
PUT
Marathon Petroleum
MPC
$92.4B
| $21.3M | 0.01% |
146,200
+65,300
| +81% | +$9.66M |
|
1392
Calumet Specialty Products
CLMT
$3.85B
| $21.3M | 0.01% |
+1,678,975
| New | +$26.4M |
|
1393
AXIS Capital
AXS
$7.68B
| $21.3M | 0.01% |
212,241
+91,866
| +76% | +$8.48M |
|
1394
FIVE9
FIVN
$2.11B
| $21.3M | 0.01% |
782,904
+765,254
| +4,336% | +$28.1M |
|
1395
Revolve Group
RVLV
$1.8B
| $21.2M | 0.01% |
+986,693
| New | +$27.4M |
|
1396
Kroger
KR
$35.4B
| $21.2M | 0.01% |
312,861
-797,052
| -72% | -$50.5M |
|
1397
Grindr
GRND
$3.08B
| $21.2M | 0.01% |
1,182,633
+193,308
| +20% | +$3.39M |
|
1398
Lumen
LUMN
$6.57B
| $21.2M | 0.01% |
5,397,495
-346,873
| -6% | -$1.73M |
|
1399
Tradeweb Markets
TW
$21.4B
| $21.1M | 0.01% |
142,434
+51,946
| +57% | +$6.9M |
|
1400
WillScot Mobile Mini Holdings
WSC
$4.39B
| $21.1M | 0.01% |
759,073
-48,689
| -6% | -$1.66M |
|
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.