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 | |
|---|---|---|---|---|---|---|
126
PUT
Booking.com
BKNG
$150B
| $226M | 0.12% |
1,225,000
+45,000
| +4% | +$8.61M |
|
127
Dycom Industries
DY
$11.9B
| $226M | 0.12% |
1,481,394
+45,562
| +3% | +$7.85M |
|
128
PUT
UnitedHealth
UNH
$380B
| $226M | 0.12% |
430,700
+131,100
| +44% | +$67M |
|
129
PG&E
PCG
$40.3B
| $223M | 0.12% |
12,973,268
+377,740
| +3% | +$6.27M |
|
130
Agilent Technologies
A
$40.1B
| $223M | 0.12% |
1,904,976
+44,882
| +2% | +$6.05M |
|
131
CALL
iShares MSCI Emerging Markets ETF
EEM
$27.8B
| $222M | 0.12% |
5,087,700
-2,409,100
| -32% | -$105M |
|
132
PUT
Walmart Inc
WMT
$917B
| $222M | 0.12% |
2,526,700
-14,600
| -0.6% | -$1.37M |
|
133
T-Mobile US
TMUS
$199B
| $221M | 0.12% |
828,614
+664,175
| +404% | +$164M |
|
134
Atlassian
TEAM
$25B
| $220M | 0.12% |
1,036,192
+399,709
| +63% | +$105M |
|
135
Cooper Companies
COO
$14.1B
| $217M | 0.12% |
2,577,416
+707,166
| +38% | +$63.4M |
|
136
Blackrock
BLK
$167B
| $215M | 0.11% |
+227,394
| New | +$223M |
|
137
PUT
IBM
IBM
$203B
| $214M | 0.11% |
861,800
+552,600
| +179% | +$135M |
|
138
PUT
Alibaba
BABA
$276B
| $213M | 0.11% |
1,608,700
-706,500
| -31% | -$81.5M |
|
139
Affiliated Managers Group
AMG
$9.62B
| $213M | 0.11% |
1,265,655
+960,158
| +314% | +$167M |
|
140
Honeywell
HON
$79.3B
| $212M | 0.11% |
1,064,241
-30,032
| -3% | -$6.08M |
|
141
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$33.2B
| $211M | 0.11% |
1,610,900
+1,127,700
| +233% | +$152M |
|
142
Williams Companies
WMB
$86.3B
| $211M | 0.11% |
3,533,111
-369,462
| -9% | -$21.1M |
|
|
143
Alibaba
BABA
$276B
| $210M | 0.11% |
1,589,380
+427,826
| +37% | +$49.3M |
|
144
First American
FAF
$8.04B
| $210M | 0.11% |
3,192,862
-1,134,531
| -26% | -$71.8M |
|
145
Johnson & Johnson
JNJ
$657B
| $208M | 0.11% |
1,254,049
-492,196
| -28% | -$77M |
|
146
PUT
Oracle
ORCL
$330B
| $208M | 0.11% |
1,486,500
+559,600
| +60% | +$91.1M |
|
|
147
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.2B
| $207M | 0.11% |
1,580,000
+1,431,900
| +967% | +$193M |
|
|
EXE
148
Expand Energy Corp
EXE
$21.8B
| $206M | 0.11% |
1,854,791
+808,777
| +77% | +$84.1M |
|
149
PUT
CrowdStrike
CRWD
$178B
| $204M | 0.11% |
2,313,200
+954,000
| +70% | +$90.9M |
|
|
150
CALL
UnitedHealth
UNH
$380B
| $204M | 0.11% |
389,000
+107,500
| +38% | +$55M |
|
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.