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 | |
|---|---|---|---|---|---|---|
1451
Ryman Hospitality Properties
RHP
$8.43B
| $20.1M | 0.01% |
220,252
-143,125
| -39% | -$14.4M |
|
1452
AtriCure
ATRC
$1.92B
| $20.1M | 0.01% |
623,323
+275,487
| +79% | +$10.2M |
|
1453
Incyte
INCY
$24.2B
| $20.1M | 0.01% |
332,032
-213,915
| -39% | -$14.9M |
|
|
BECN
1454
PUT
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $20.1M | 0.01% |
+162,500
| New | +$18.9M |
|
|
FISV
1455
CALL
Fiserv Inc
FISV
$28.8B
| $20.1M | 0.01% |
90,800
+72,200
| +388% | +$15.8M |
|
1456
CALL
Exelon
EXC
$47.2B
| $20M | 0.01% |
434,600
+424,800
| +4,335% | +$17.8M |
|
1457
Winnebago Industries
WGO
$856M
| $20M | 0.01% |
580,256
+8,922
| +2% | +$378K |
|
1458
PUT
MongoDB
MDB
$27.1B
| $20M | 0.01% |
113,900
-31,200
| -22% | -$7.6M |
|
|
CUK
1459
DELISTED
Carnival PLC
CUK
| $20M | 0.01% |
1,138,520
+151,439
| +15% | +$3.26M |
|
|
CMRX
1460
DELISTED
Chimerix, Inc.
CMRX
| $20M | 0.01% |
2,344,775
-212,755
| -8% | -$1.17M |
|
1461
SiriusXM
SIRI
$9.98B
| $19.9M | 0.01% |
884,561
+538,902
| +156% | +$12.7M |
|
|
NVO
1462
PUT
Novo Nordisk
NVO
$208B
| $19.9M | 0.01% |
286,700
+246,600
| +615% | +$20.4M |
|
1463
PUT
Southern Company
SO
$109B
| $19.9M | 0.01% |
216,500
+172,800
| +395% | +$15M |
|
1464
CRISPR Therapeutics
CRSP
$4.73B
| $19.9M | 0.01% |
583,733
+575,235
| +6,769% | +$24.4M |
|
1465
Vulcan Materials
VMC
$34.8B
| $19.8M | 0.01% |
85,024
-107,106
| -56% | -$27.2M |
|
|
EXE
1466
CALL
Expand Energy Corp
EXE
$21.8B
| $19.8M | 0.01% |
+177,800
| New | +$18.5M |
|
1467
CALL
Vistra
VST
$50B
| $19.8M | 0.01% |
168,400
+115,800
| +220% | +$17.3M |
|
1468
CALL
Sea Limited
SE
$65.4B
| $19.8M | 0.01% |
151,500
+62,500
| +70% | +$7.75M |
|
1469
PUT
KKR & Co
KKR
$91.1B
| $19.8M | 0.01% |
170,900
-6,300
| -4% | -$867K |
|
1470
PUT
Toronto Dominion Bank
TD
$198B
| $19.8M | 0.01% |
263,800
-163,700
| -38% | -$9.53M |
|
1471
Ryanair
RYAAY
$30.4B
| $19.7M | 0.01% |
466,002
-82,225
| -15% | -$3.76M |
|
1472
PUT
Duke Energy
DUK
$97.8B
| $19.7M | 0.01% |
161,600
+96,500
| +148% | +$11M |
|
1473
Molson Coors Class B
TAP
$7.79B
| $19.7M | 0.01% |
323,679
+261,973
| +425% | +$15.1M |
|
1474
International Bancshares
IBOC
$4.76B
| $19.7M | 0.01% |
312,340
-33,845
| -10% | -$2.19M |
|
1475
CALL
Trade Desk
TTD
$8.48B
| $19.7M | 0.01% |
359,600
+38,500
| +12% | +$3.48M |
|
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.