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 | |
|---|---|---|---|---|---|---|
1926
Lakeland Financial Corp
LKFN
$1.56B
| $11.8M | 0.01% |
199,323
+152,738
| +328% | +$10M |
|
1927
PagSeguro Digital
PAGS
$2.69B
| $11.8M | 0.01% |
1,549,735
-4,721,641
| -75% | -$35.1M |
|
|
BA.PRA
1928
Boeing Co 6.00% Series A Preferred Stock
BA.PRA
$7.68B
| $11.8M | 0.01% |
200,000
| – | – |
|
1929
Dine Brands
DIN
$456M
| $11.8M | 0.01% |
507,801
+172,013
| +51% | +$4.64M |
|
1930
Frontdoor
FTDR
$5.1B
| $11.8M | 0.01% |
307,497
+258,920
| +533% | +$13.2M |
|
|
AMWD
1931
DELISTED
American Woodmark
AMWD
| $11.8M | 0.01% |
200,657
+147,427
| +277% | +$10.4M |
|
1932
Azenta
AZTA
$1.3B
| $11.8M | 0.01% |
340,580
+232,405
| +215% | +$10.7M |
|
1933
PUT
Becton Dickinson
BDX
$45.6B
| $11.8M | 0.01% |
51,500
+26,200
| +104% | +$6.08M |
|
1934
Semtech
SMTC
$11B
| $11.8M | 0.01% |
342,638
-880,286
| -72% | -$43.4M |
|
1935
PUT
Upstart Holdings
UPST
$2.63B
| $11.8M | 0.01% |
255,500
-319,300
| -56% | -$19.8M |
|
1936
Allstate
ALL
$68B
| $11.7M | 0.01% |
56,640
-1,263,371
| -96% | -$246M |
|
1937
EverQuote
EVER
$892M
| $11.7M | 0.01% |
447,623
-115,361
| -20% | -$2.64M |
|
1938
Peabody Energy
BTU
$2.6B
| $11.7M | 0.01% |
864,715
+703,897
| +438% | +$11.3M |
|
1939
Klaviyo
KVYO
$5.34B
| $11.7M | 0.01% |
386,970
+294,658
| +319% | +$11.9M |
|
1940
CALL
Capital One
COF
$128B
| $11.7M | 0.01% |
65,200
+47,000
| +258% | +$8.88M |
|
|
CTRA
1941
PUT
DELISTED
Coterra Energy
CTRA
| $11.7M | 0.01% |
404,300
+277,200
| +218% | +$7.73M |
|
1942
Shutterstock
SSTK
$198M
| $11.7M | 0.01% |
626,615
+327,203
| +109% | +$8.38M |
|
1943
PUT
Copart
CPRT
$27B
| $11.7M | 0.01% |
206,100
-26,800
| -12% | -$1.51M |
|
1944
PUT
Elevance Health
ELV
$81.5B
| $11.7M | 0.01% |
26,800
-7,200
| -21% | -$2.89M |
|
1945
AngioDynamics
ANGO
$611M
| $11.6M | 0.01% |
1,239,572
-922,996
| -43% | -$9.7M |
|
1946
Preferred Bank
PFBC
$1.24B
| $11.6M | 0.01% |
139,054
-8,648
| -6% | -$749K |
|
1947
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
| $11.6M | 0.01% |
98,332
-26,069
| -21% | -$3.04M |
|
1948
PUT
Zoetis
ZTS
$32.4B
| $11.6M | 0.01% |
70,400
-343,400
| -83% | -$57.1M |
|
1949
PUT
ON Semiconductor
ON
$31.8B
| $11.6M | 0.01% |
284,700
+56,600
| +25% | +$2.85M |
|
1950
Inter&Co
INTR
$2.47B
| $11.6M | 0.01% |
2,113,061
+1,026,321
| +94% | +$5.33M |
|
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.