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 | |
|---|---|---|---|---|---|---|
1876
Watsco Inc
WSO
$12.7B
| $12.4M | 0.01% |
24,487
+23,550
| +2,513% | +$11.6M |
|
1877
PUT
Estee Lauder
EL
$30.4B
| $12.4M | 0.01% |
188,400
+118,000
| +168% | +$8.54M |
|
1878
Skyworks Solutions
SWKS
$9.37B
| $12.4M | 0.01% |
192,180
-472,711
| -71% | -$36M |
|
1879
Gerdau
GGB
$9.74B
| $12.4M | 0.01% |
4,363,764
+1,541,311
| +55% | +$4.5M |
|
|
BBOT
1880
BridgeBio Oncology
BBOT
$648M
| $12.4M | 0.01% |
1,096,382
-45,920
| -4% | -$494K |
|
1881
CALL
Entergy
ETR
$50.2B
| $12.4M | 0.01% |
+144,900
| New | +$11.9M |
|
1882
Vicor
VICR
$9.56B
| $12.4M | 0.01% |
264,611
+259,022
| +4,634% | +$13.7M |
|
1883
CALL
CoStar Group
CSGP
$11.7B
| $12.4M | 0.01% |
155,900
+148,900
| +2,127% | +$11.3M |
|
1884
CALL
Lear
LEA
$6.54B
| $12.4M | 0.01% |
+140,000
| New | +$13.3M |
|
1885
CALL
Idexx Laboratories
IDXX
$44.1B
| $12.3M | 0.01% |
29,400
+27,700
| +1,629% | +$12M |
|
|
BECN
1886
CALL
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $12.3M | 0.01% |
+99,600
| New | +$11.6M |
|
1887
Howard Hughes
HHH
$3.81B
| $12.3M | 0.01% |
165,926
+159,205
| +2,369% | +$12M |
|
1888
PUT
eBay
EBAY
$50.6B
| $12.3M | 0.01% |
181,300
-6,500
| -3% | -$433K |
|
1889
Cedar Fair
FUN
$1.77B
| $12.3M | 0.01% |
344,160
-677,095
| -66% | -$28.8M |
|
1890
CALL
Pinterest
PINS
$13.4B
| $12.3M | 0.01% |
396,000
+173,300
| +78% | +$5.87M |
|
1891
Crescent Energy
CRGY
$3.79B
| $12.3M | 0.01% |
1,090,696
-1,139,976
| -51% | -$15.7M |
|
1892
Whirlpool
WHR
$2.43B
| $12.3M | 0.01% |
+135,954
| New | +$14.4M |
|
1893
Rambus
RMBS
$9.87B
| $12.2M | 0.01% |
236,095
-358,960
| -60% | -$21.1M |
|
|
SEMR
1894
DELISTED
Semrush
SEMR
| $12.2M | 0.01% |
1,306,684
+60,575
| +5% | +$826K |
|
1895
PUT
Futu Holdings
FUTU
$14.7B
| $12.2M | 0.01% |
119,100
+11,900
| +11% | +$1.22M |
|
1896
CALL
Baker Hughes
BKR
$60B
| $12.2M | 0.01% |
277,100
+12,800
| +5% | +$571K |
|
1897
Emergent Biosolutions
EBS
$373M
| $12.2M | 0.01% |
2,502,488
+1,020,582
| +69% | +$8.45M |
|
1898
Leonardo DRS
DRS
$12.3B
| $12.2M | 0.01% |
369,749
+83,077
| +29% | +$2.74M |
|
|
MCW
1899
DELISTED
Mister Car Wash
MCW
| $12.2M | 0.01% |
1,540,524
+649,448
| +73% | +$5.03M |
|
1900
Twist Bioscience
TWST
$5.7B
| $12.1M | 0.01% |
308,222
-326,008
| -51% | -$14.7M |
|
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.