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 | |
|---|---|---|---|---|---|---|
1501
Sysco
SYY
$40.8B
| $19M | 0.01% |
253,254
+128,152
| +102% | +$9.39M |
|
1502
CALL
Evercore
EVR
$12.4B
| $19M | 0.01% |
+95,000
| New | +$23.7M |
|
1503
Houlihan Lokey
HLI
$8.77B
| $19M | 0.01% |
+117,422
| New | +$20.2M |
|
1504
Reliance Steel & Aluminium
RS
$20.7B
| $19M | 0.01% |
65,657
-54,541
| -45% | -$15.6M |
|
1505
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
| $19M | 0.01% |
174,400
-166,000
| -49% | -$17.9M |
|
1506
CALL
Valero Energy
VLO
$90.1B
| $19M | 0.01% |
143,500
-611,200
| -81% | -$81.1M |
|
1507
CALL
Halliburton
HAL
$26.9B
| $18.9M | 0.01% |
746,100
+671,800
| +904% | +$17.7M |
|
1508
CALL
Humana
HUM
$43.7B
| $18.9M | 0.01% |
71,500
-200
| -0.3% | -$54.1K |
|
1509
UFP Technologies
UFPT
$1.97B
| $18.9M | 0.01% |
93,773
+51,741
| +123% | +$12.5M |
|
1510
CALL
US Bancorp
USB
$98.2B
| $18.9M | 0.01% |
447,900
+263,700
| +143% | +$12.2M |
|
1511
Fox Class B
FOX
$21.8B
| $18.9M | 0.01% |
358,628
-319,605
| -47% | -$15.9M |
|
1512
CALL
Royal Caribbean
RCL
$85.1B
| $18.9M | 0.01% |
92,000
+60,900
| +196% | +$14.4M |
|
|
GTM
1513
ZoomInfo Technologies
GTM
$973M
| $18.9M | 0.01% |
1,889,201
+590,452
| +45% | +$6.19M |
|
|
X
1514
PUT
DELISTED
US Steel
X
| $18.9M | 0.01% |
446,500
+366,700
| +460% | +$13.9M |
|
1515
CALL
Canadian Natural Resources
CNQ
$99.4B
| $18.9M | 0.01% |
426,200
+51,200
| +14% | +$1.55M |
|
1516
PUT
PACCAR
PCAR
$69.8B
| $18.8M | 0.01% |
193,500
-69,500
| -26% | -$7.33M |
|
1517
CALL
Charter Communications
CHTR
$17.3B
| $18.8M | 0.01% |
51,100
+6,700
| +15% | +$2.4M |
|
1518
Mine Safety
MSA
$7.35B
| $18.8M | 0.01% |
128,359
-19,853
| -13% | -$3.16M |
|
|
1519
PUT
Canadian Natural Resources
CNQ
$99.4B
| $18.8M | 0.01% |
425,000
+7,000
| +2% | +$212K |
|
1520
CALL
ASML
ASML
$626B
| $18.8M | 0.01% |
28,400
+11,300
| +66% | +$8.22M |
|
1521
Kiniksa Pharmaceuticals
KNSA
$5.8B
| $18.8M | 0.01% |
847,124
+67,452
| +9% | +$1.39M |
|
1522
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.54B
| $18.7M | 0.01% |
704,650
+669,112
| +1,883% | +$17.7M |
|
1523
SoFi Technologies
SOFI
$21B
| $18.7M | 0.01% |
1,608,358
-254,003
| -14% | -$3.66M |
|
1524
BrightView Holdings
BV
$1.22B
| $18.7M | 0.01% |
1,456,682
+512,098
| +54% | +$7.33M |
|
1525
PUT
CoStar Group
CSGP
$11.7B
| $18.7M | 0.01% |
236,000
+168,400
| +249% | +$12.8M |
|
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.