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 | |
|---|---|---|---|---|---|---|
1851
CALL
iShares US Transportation ETF
IYT
$2.26B
| $12.8M | 0.01% |
200,000
+30,000
| +18% | +$2.07M |
|
1852
Rush Street Interactive
RSI
$2.77B
| $12.8M | 0.01% |
1,191,436
-146,118
| -11% | -$1.92M |
|
1853
QuinStreet
QNST
$890M
| $12.7M | 0.01% |
714,482
+486,406
| +213% | +$10.2M |
|
1854
Grupo Cibest SA
CIB
$22B
| $12.7M | 0.01% |
316,877
+266,341
| +527% | +$10.5M |
|
1855
PUT
Sea Limited
SE
$65.4B
| $12.7M | 0.01% |
97,600
-199,800
| -67% | -$24.8M |
|
1856
Xeris Biopharma Holdings
XERS
$1.39B
| $12.7M | 0.01% |
2,317,972
+369,420
| +19% | +$1.49M |
|
|
ALEX
1857
DELISTED
Alexander & Baldwin
ALEX
| $12.7M | 0.01% |
737,931
+331,969
| +82% | +$5.87M |
|
1858
Spotify
SPOT
$103B
| $12.7M | 0.01% |
23,116
-44,274
| -66% | -$24.7M |
|
|
XIFR
1859
XPLR Infrastructure LP
XIFR
$1.12B
| $12.7M | 0.01% |
1,337,541
+1,048,057
| +362% | +$11.9M |
|
1860
Tarsus Pharmaceuticals
TARS
$2.58B
| $12.7M | 0.01% |
247,195
-396,815
| -62% | -$19.6M |
|
1861
CALL
Sanofi
SNY
$103B
| $12.7M | 0.01% |
228,600
-91,900
| -29% | -$4.97M |
|
|
P
1862
CALL
Everpure Inc
P
$25.7B
| $12.7M | 0.01% |
286,100
+268,700
| +1,544% | +$16.2M |
|
1863
Flywire
FLYW
$1.98B
| $12.6M | 0.01% |
1,330,971
+188,007
| +16% | +$2.96M |
|
|
MAG
1864
DELISTED
MAG Silver
MAG
| $12.6M | 0.01% |
827,414
-58,789
| -7% | -$912K |
|
|
PPTA
1865
Perpetua Resources
PPTA
$2.3B
| $12.6M | 0.01% |
1,181,899
+811,363
| +219% | +$8.71M |
|
|
OKLO
1866
Oklo
OKLO
$6.76B
| $12.6M | 0.01% |
582,002
+570,532
| +4,974% | +$19.3M |
|
1867
JPMorgan Ultra-Short Income ETF
JPST
$40.1B
| $12.6M | 0.01% |
248,373
+46,400
| +23% | +$2.34M |
|
|
BKV
1868
BKV Corp
BKV
$2.68B
| $12.6M | 0.01% |
597,989
-105,625
| -15% | -$2.39M |
|
1869
Pampa Energía
PAM
$4.75B
| $12.5M | 0.01% |
162,521
+74,841
| +85% | +$6.22M |
|
1870
Delek US
DK
$4.16B
| $12.5M | 0.01% |
830,949
-39,308
| -5% | -$681K |
|
|
1871
PUT
iShares Bitcoin Trust
IBIT
$46.7B
| $12.5M | 0.01% |
+266,800
| New | +$14.1M |
|
1872
Middleby
MIDD
$6.04B
| $12.5M | 0.01% |
82,169
+80,195
| +4,063% | +$12.6M |
|
1873
CMS Energy
CMS
$22.6B
| $12.5M | 0.01% |
166,233
-154,644
| -48% | -$10.8M |
|
1874
CALL
US Global Jets ETF
JETS
$776M
| $12.5M | 0.01% |
600,000
-300,000
| -33% | -$7.35M |
|
1875
CALL
Corcept Therapeutics
CORT
$12.4B
| $12.4M | 0.01% |
109,000
-32,700
| -23% | -$1.99M |
|
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.