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 | |
|---|---|---|---|---|---|---|
1551
Live Oak Bancshares
LOB
$1.98B
| $18.3M | 0.01% |
687,885
+596,841
| +656% | +$19.8M |
|
1552
Fortune Brands Innovations
FBIN
$5.88B
| $18.3M | 0.01% |
301,190
-116,688
| -28% | -$7.84M |
|
1553
Unifirst Corp
UNF
$5.3B
| $18.3M | 0.01% |
105,331
+28,589
| +37% | +$5.97M |
|
1554
PUT
Amphenol
APH
$198B
| $18.3M | 0.01% |
278,700
+161,900
| +139% | +$11M |
|
1555
PUT
BCE
BCE
$20.2B
| $18.2M | 0.01% |
552,500
-100,600
| -15% | -$2.37M |
|
1556
Clear Secure
YOU
$5.57B
| $18.2M | 0.01% |
703,873
-124,825
| -15% | -$3.1M |
|
1557
Liberty Media Series C
FWONK
$24.6B
| $18.1M | 0.01% |
201,221
+169,534
| +535% | +$15.7M |
|
1558
ManpowerGroup
MAN
$2.44B
| $18.1M | 0.01% |
312,908
-498,687
| -61% | -$29M |
|
1559
TransUnion
TRU
$15.1B
| $18.1M | 0.01% |
218,170
-1,087,651
| -83% | -$99.3M |
|
1560
Albemarle Corp Depositary Shares
ALB.PRA
$2.29B
| $18.1M | 0.01% |
502,590
-7,095
| -1% | -$280K |
|
1561
PUT
NXP Semiconductors
NXPI
$57.8B
| $18.1M | 0.01% |
95,200
+5,000
| +6% | +$1.07M |
|
1562
Onto Innovation
ONTO
$12.9B
| $18.1M | 0.01% |
149,113
-3,210
| -2% | -$540K |
|
1563
Wynn Resorts
WYNN
$10.3B
| $18.1M | 0.01% |
216,630
-303,591
| -58% | -$25.9M |
|
1564
iShares MSCI Brazil ETF
EWZ
$9.28B
| $18.1M | 0.01% |
698,901
-364,363
| -34% | -$9.08M |
|
1565
Kanzhun
BZ
$7.27B
| $18.1M | 0.01% |
942,035
+433,705
| +85% | +$7.06M |
|
1566
Astronics
ATRO
$3.43B
| $18.1M | 0.01% |
896,347
+398,559
| +80% | +$6.7M |
|
1567
Flowers Foods
FLO
$1.49B
| $18.1M | 0.01% |
949,688
+642,942
| +210% | +$12.3M |
|
1568
BWX Technologies
BWXT
$15.5B
| $18.1M | 0.01% |
182,994
+148,319
| +428% | +$16.1M |
|
1569
Workiva
WK
$3.36B
| $18M | 0.01% |
237,746
+73,266
| +45% | +$6.92M |
|
1570
CALL
Carvana
CVNA
$68.6B
| $18M | 0.01% |
430,500
+340,000
| +376% | +$15M |
|
1571
Kaspi.kz JSC
KSPI
$16.9B
| $18M | 0.01% |
193,804
+17,211
| +10% | +$1.69M |
|
|
HBI
1572
DELISTED
Hanesbrands
HBI
| $18M | 0.01% |
3,117,512
+324,054
| +12% | +$2.27M |
|
1573
Teledyne Technologies
TDY
$30.4B
| $17.9M | 0.01% |
36,041
-178,152
| -83% | -$88.1M |
|
1574
PUT
Delta Air Lines
DAL
$57.5B
| $17.9M | 0.01% |
411,000
-780,300
| -65% | -$46.3M |
|
1575
PROG Holdings
PRG
$1.75B
| $17.9M | 0.01% |
673,405
+259,630
| +63% | +$9.17M |
|
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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.