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 | |
|---|---|---|---|---|---|---|
1701
CALL
Arthur J. Gallagher & Co
AJG
$63.4B
| $15.4M | 0.01% |
44,600
+18,600
| +72% | +$5.88M |
|
1702
PUT
AstraZeneca
AZN
$240B
| $15.4M | 0.01% |
104,650
+52,700
| +101% | +$7.62M |
|
1703
Hanover Insurance
THG
$8.12B
| $15.4M | 0.01% |
88,367
+33,495
| +61% | +$5.42M |
|
|
SAND
1704
DELISTED
Sandstorm Gold
SAND
| $15.3M | 0.01% |
2,032,823
+1,788,404
| +732% | +$11.2M |
|
|
FISV
1705
PUT
Fiserv Inc
FISV
$29B
| $15.3M | 0.01% |
69,300
+9,600
| +16% | +$2.1M |
|
1706
RenaissanceRe
RNR
$13.4B
| $15.3M | 0.01% |
+63,706
| New | +$15.4M |
|
1707
HCI Group
HCI
$2.27B
| $15.3M | 0.01% |
102,377
+45,097
| +79% | +$5.72M |
|
1708
PUT
Canadian Pacific Kansas City
CP
$78.5B
| $15.3M | 0.01% |
+173,600
| New | +$13.2M |
|
1709
Brighthouse Financial
BHF
$3.57B
| $15.2M | 0.01% |
262,890
+160,272
| +156% | +$8.95M |
|
1710
Banco Bradesco
BBD
$38.9B
| $15.2M | 0.01% |
6,834,192
+1,510,481
| +28% | +$3.13M |
|
1711
ZIM Integrated Shipping Services
ZIM
$3.13B
| $15.2M | 0.01% |
1,043,681
+75,409
| +8% | +$1.42M |
|
|
DJTWW
1712
CALL
Trump Media & Technology Group Warrants
DJTWW
$850M
| $15.2M | 0.01% |
1,224,883
| – | – |
|
1713
PUT
Apollo Global Management
APO
$73.6B
| $15.2M | 0.01% |
111,000
+10,600
| +11% | +$1.63M |
|
1714
TripAdvisor
TRIP
$1.65B
| $15.2M | 0.01% |
1,072,345
-396,501
| -27% | -$6.21M |
|
1715
CALL
Western Digital
WDC
$180B
| $15.2M | 0.01% |
375,200
-435,667
| -54% | -$20.7M |
|
1716
Prosperity Bancshares
PB
$9B
| $15.2M | 0.01% |
212,301
-88,502
| -29% | -$6.7M |
|
1717
Harmony Gold Mining
HMY
$10.2B
| $15.1M | 0.01% |
1,025,661
-1,609,521
| -61% | -$17.9M |
|
1718
Southwest Gas
SWX
$6.5B
| $15.1M | 0.01% |
209,934
+89,761
| +75% | +$6.65M |
|
1719
Donaldson
DCI
$11.1B
| $15M | 0.01% |
223,976
+181,602
| +429% | +$12.6M |
|
1720
Agilon Health
AGL
$1.61B
| $15M | 0.01% |
138,746
-149,755
| -52% | -$13M |
|
1721
PUT
Hilton Worldwide
HLT
$70.6B
| $15M | 0.01% |
66,000
+8,400
| +15% | +$2.09M |
|
1722
CALL
Unity
U
$14.5B
| $15M | 0.01% |
+764,900
| New | +$17.3M |
|
1723
Nokia
NOK
$52B
| $15M | 0.01% |
+2,841,558
| New | +$13.9M |
|
1724
Sunrun
RUN
$2.47B
| $14.9M | 0.01% |
2,544,789
+2,179,537
| +597% | +$18M |
|
1725
World Kinect Corp
WKC
$2.02B
| $14.9M | 0.01% |
525,697
+16,738
| +3% | +$475K |
|
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.