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 | |
|---|---|---|---|---|---|---|
1751
Vornado Realty Trust
VNO
$7.41B
| $14.5M | 0.01% |
392,245
-323,908
| -45% | -$13M |
|
1752
1st Source
SRCE
$2.16B
| $14.5M | 0.01% |
242,466
+38,610
| +19% | +$2.38M |
|
1753
CALL
PPG Industries
PPG
$24.6B
| $14.5M | 0.01% |
132,200
+95,200
| +257% | +$11M |
|
1754
Viasat
VSAT
$10.6B
| $14.4M | 0.01% |
1,386,089
+1,206,935
| +674% | +$11.6M |
|
1755
Suzano
SUZ
$10.5B
| $14.4M | 0.01% |
1,552,115
-3,071,921
| -66% | -$30.7M |
|
1756
CALL
Bilibili
BILI
$7.99B
| $14.4M | 0.01% |
753,000
+556,800
| +284% | +$10.7M |
|
1757
Ryan Specialty Holdings
RYAN
$5.72B
| $14.4M | 0.01% |
194,561
-979,525
| -83% | -$66.6M |
|
1758
First Citizens BancShares
FCNCA
$24.9B
| $14.3M | 0.01% |
7,736
-15,241
| -66% | -$31M |
|
1759
Everest Group
EG
$14.5B
| $14.3M | 0.01% |
39,472
-277,796
| -88% | -$98.2M |
|
1760
PUT
Rocket Lab Corp
RKLB
$40.6B
| $14.3M | 0.01% |
800,000
-50,000
| -6% | -$1.2M |
|
1761
CALL
Royalty Pharma
RPRX
$25.9B
| $14.3M | 0.01% |
459,300
+325,500
| +243% | +$10.3M |
|
1762
Tower Semiconductor
TSEM
$24.8B
| $14.2M | 0.01% |
399,378
-288,253
| -42% | -$13M |
|
1763
Utz Brands
UTZ
$1.25B
| $14.2M | 0.01% |
1,008,663
-1,733,471
| -63% | -$23.8M |
|
1764
Western Union
WU
$1.98B
| $14.2M | 0.01% |
1,341,798
-161,786
| -11% | -$1.71M |
|
1765
CALL
Canadian Imperial Bank of Commerce
CM
$108B
| $14.2M | 0.01% |
175,100
+97,600
| +126% | +$5.89M |
|
1766
PUT
Albemarle
ALB
$13.9B
| $14.2M | 0.01% |
196,500
-48,000
| -20% | -$3.91M |
|
1767
PUT
monday.com
MNDY
$3.68B
| $14.2M | 0.01% |
58,200
+38,500
| +195% | +$10.2M |
|
1768
Group 1 Automotive
GPI
$3.42B
| $14.1M | 0.01% |
37,028
+6,239
| +20% | +$2.73M |
|
1769
Reynolds Consumer Products
REYN
$5.26B
| $14.1M | 0.01% |
592,459
+60,198
| +11% | +$1.52M |
|
1770
CALL
ON Semiconductor
ON
$31.8B
| $14.1M | 0.01% |
346,700
-755,300
| -69% | -$38M |
|
1771
PUT
Alcon
ALC
$33.6B
| $14.1M | 0.01% |
+148,500
| New | +$13.3M |
|
1772
Freshpet
FRPT
$2.93B
| $14.1M | 0.01% |
169,435
-340,761
| -67% | -$41.7M |
|
1773
Hilltop Holdings
HTH
$2.26B
| $14M | 0.01% |
461,206
+324,108
| +236% | +$9.85M |
|
|
ATSG
1774
DELISTED
Air Transport Services Group
ATSG
| $14M | 0.01% |
625,008
+8,869
| +1% | +$197K |
|
1775
McGrath RentCorp
MGRC
$2.81B
| $14M | 0.01% |
125,853
-80,570
| -39% | -$9.52M |
|
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.