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 | |
|---|---|---|---|---|---|---|
1601
CALL
Cheniere Energy
LNG
$55.2B
| $17.2M | 0.01% |
74,500
+66,300
| +809% | +$14.9M |
|
1602
Oxford Industries
OXM
$566M
| $17.2M | 0.01% |
293,384
+222,150
| +312% | +$16M |
|
|
RDUS
1603
DELISTED
Radius Recycling
RDUS
| $17.2M | 0.01% |
595,714
+446,891
| +300% | +$7.2M |
|
1604
HEICO Corp
HEI
$49.8B
| $17.2M | 0.01% |
+64,332
| New | +$15.7M |
|
1605
Geron
GERN
$828M
| $17.2M | 0.01% |
10,806,625
+3,771,993
| +54% | +$9.19M |
|
1606
iShares US Real Estate ETF
IYR
$4.66B
| $17.1M | 0.01% |
179,008
+89,431
| +100% | +$8.51M |
|
1607
Summit Therapeutics
SMMT
$10.4B
| $17.1M | 0.01% |
887,009
-1,162,820
| -57% | -$23.3M |
|
1608
Eastman Chemical
EMN
$8B
| $17.1M | 0.01% |
194,052
+79,376
| +69% | +$7.49M |
|
1609
United States Lime & Minerals
USLM
$3.16B
| $17.1M | 0.01% |
193,388
+129,534
| +203% | +$13.5M |
|
1610
HP
HPQ
$24.9B
| $17M | 0.01% |
615,742
+362,542
| +143% | +$11.5M |
|
1611
Deckers Outdoor
DECK
$13.2B
| $17M | 0.01% |
152,422
-146,010
| -49% | -$23.6M |
|
1612
CACI
CACI
$11B
| $17M | 0.01% |
46,446
-67,783
| -59% | -$25.9M |
|
1613
Avery Dennison
AVY
$13B
| $17M | 0.01% |
95,606
-27,176
| -22% | -$5M |
|
1614
Genmab
GMAB
$17.7B
| $17M | 0.01% |
868,830
-58,922
| -6% | -$1.24M |
|
1615
CALL
PACCAR
PCAR
$69.8B
| $17M | 0.01% |
174,700
+91,200
| +109% | +$9.62M |
|
1616
Acadia Realty Trust
AKR
$3.09B
| $17M | 0.01% |
811,139
+192,267
| +31% | +$4.35M |
|
1617
CALL
Alcon
ALC
$33.6B
| $16.9M | 0.01% |
+178,500
| New | +$16M |
|
1618
CALL
Newmont
NEM
$98.7B
| $16.9M | 0.01% |
350,800
+89,800
| +34% | +$3.94M |
|
|
LINE
1619
Lineage Inc
LINE
$9.65B
| $16.9M | 0.01% |
288,518
+191,362
| +197% | +$11.2M |
|
1620
CALL
Monster Beverage
MNST
$94.3B
| $16.9M | 0.01% |
288,900
+78,800
| +38% | +$4.11M |
|
1621
PUT
Progressive
PGR
$123B
| $16.9M | 0.01% |
59,700
+20,400
| +52% | +$5.34M |
|
1622
CALL
lululemon athletica
LULU
$13.5B
| $16.9M | 0.01% |
59,600
-31,700
| -35% | -$11.6M |
|
1623
Ashland
ASH
$3.33B
| $16.9M | 0.01% |
284,454
+94,067
| +49% | +$5.99M |
|
1624
MSC Industrial Direct
MSM
$6.89B
| $16.9M | 0.01% |
217,046
-149,746
| -41% | -$12M |
|
1625
PUT
Lockheed Martin
LMT
$134B
| $16.8M | 0.01% |
37,700
-184,400
| -83% | -$84.9M |
|
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.