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 | |
|---|---|---|---|---|---|---|
151
PUT
CVS Health
CVS
$137B
| $203M | 0.11% |
2,994,900
+2,246,400
| +300% | +$134M |
|
152
PUT
TSMC
TSM
$2.07T
| $202M | 0.11% |
1,216,500
+1,009,500
| +488% | +$196M |
|
153
CALL
ExxonMobil
XOM
$642B
| $201M | 0.11% |
1,690,600
-839,300
| -33% | -$92.8M |
|
154
PUT
Mastercard
MA
$487B
| $201M | 0.11% |
366,100
-38,400
| -9% | -$20.9M |
|
155
PayPal
PYPL
$49.5B
| $199M | 0.11% |
3,055,845
+2,307,859
| +309% | +$180M |
|
156
GE Aerospace
GE
$375B
| $199M | 0.11% |
993,079
+603,264
| +155% | +$119M |
|
157
KKR & Co
KKR
$91.3B
| $198M | 0.11% |
1,711,578
-696,183
| -29% | -$95.8M |
|
158
Colgate-Palmolive
CL
$73.6B
| $198M | 0.11% |
2,111,401
+608,407
| +40% | +$54.5M |
|
159
Cencora
COR
$60.5B
| $198M | 0.11% |
710,465
-174,533
| -20% | -$43.8M |
|
160
CALL
VanEck Semiconductor ETF
SMH
$66.1B
| $195M | 0.1% |
923,900
+553,400
| +149% | +$133M |
|
161
Cardinal Health
CAH
$53.7B
| $194M | 0.1% |
1,405,989
-1,990,235
| -59% | -$254M |
|
162
NRG Energy
NRG
$28.8B
| $191M | 0.1% |
2,005,484
-443,772
| -18% | -$44.9M |
|
163
Sempra
SRE
$59.7B
| $191M | 0.1% |
2,680,552
+1,250,168
| +87% | +$97.4M |
|
164
Dover
DOV
$27.7B
| $190M | 0.1% |
1,080,611
+127,780
| +13% | +$24.6M |
|
165
PUT
Pinduoduo
PDD
$121B
| $190M | 0.1% |
1,602,900
-372,200
| -19% | -$42.7M |
|
166
PUT
Johnson & Johnson
JNJ
$641B
| $190M | 0.1% |
1,143,400
+648,200
| +131% | +$101M |
|
167
PUT
Intuit
INTU
$83.1B
| $189M | 0.1% |
307,900
+88,700
| +40% | +$53.3M |
|
168
Pfizer
PFE
$141B
| $189M | 0.1% |
7,459,512
+4,420,708
| +145% | +$116M |
|
169
Gartner
IT
$9.87B
| $188M | 0.1% |
447,250
+149,973
| +50% | +$73.9M |
|
170
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.3B
| $188M | 0.1% |
2,296,961
+1,456,820
| +173% | +$116M |
|
171
Leidos
LDOS
$14.5B
| $186M | 0.1% |
1,377,050
+1,123,721
| +444% | +$157M |
|
172
US Bancorp
USB
$98.9B
| $184M | 0.1% |
4,362,985
+3,205,215
| +277% | +$148M |
|
173
CALL
State Street Energy Select Sector SPDR ETF
XLE
$38.8B
| $183M | 0.1% |
3,925,200
+985,000
| +34% | +$44.4M |
|
174
CALL
Costco
COST
$422B
| $183M | 0.1% |
193,200
+18,200
| +10% | +$17.7M |
|
|
K
175
DELISTED
Kellanova
K
| $182M | 0.1% |
2,210,417
-59,863
| -3% | -$4.91M |
|
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.