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 | |
|---|---|---|---|---|---|---|
1976
CALL
CME Group
CME
$96.3B
| $11.2M | 0.01% |
42,400
-400
| -0.9% | -$98.7K |
|
1977
Silicon Laboratories
SLAB
$7.17B
| $11.2M | 0.01% |
99,842
+96,404
| +2,804% | +$13M |
|
1978
PUT
Logitech
LOGI
$14.7B
| $11.2M | 0.01% |
145,600
-17,400
| -11% | -$1.64M |
|
1979
Charles River Laboratories
CRL
$11.2B
| $11.2M | 0.01% |
74,504
-297,720
| -80% | -$49.9M |
|
1980
PUT
Old Dominion Freight Line
ODFL
$44.1B
| $11.2M | 0.01% |
67,700
-2,700
| -4% | -$491K |
|
1981
iShares MSCI Taiwan ETF
EWT
$9.86B
| $11.2M | 0.01% |
235,597
+226,097
| +2,380% | +$11.6M |
|
1982
APA Corp
APA
$13.2B
| $11.2M | 0.01% |
530,477
-317,351
| -37% | -$6.97M |
|
|
B
1983
CALL
Barrick Mining
B
$61.5B
| $11.1M | 0.01% |
573,500
+370,700
| +183% | +$6.49M |
|
1984
Darden Restaurants
DRI
$23.3B
| $11.1M | 0.01% |
53,488
-167,852
| -76% | -$32.4M |
|
1985
CALL
Okta
OKTA
$24.7B
| $11.1M | 0.01% |
105,400
-48,300
| -31% | -$4.72M |
|
1986
Oshkosh
OSK
$8.79B
| $11.1M | 0.01% |
117,643
-397,903
| -77% | -$39.8M |
|
1987
PUT
Vista Energy
VIST
$7.84B
| $11M | 0.01% |
+237,300
| New | +$12.3M |
|
1988
PUT
Public Service Enterprise Group
PEG
$38.2B
| $11M | 0.01% |
134,200
+119,300
| +801% | +$9.95M |
|
1989
Roper Technologies
ROP
$38.8B
| $11M | 0.01% |
18,719
-147,246
| -89% | -$82.6M |
|
|
KMTS
1990
Kestra Medical Technologies
KMTS
$1.34B
| $11M | 0.01% |
+442,871
| New | +$10.2M |
|
1991
Cerence
CRNC
$385M
| $11M | 0.01% |
1,396,793
+1,101,854
| +374% | +$13.6M |
|
1992
PUT
Guardant Health
GH
$21.7B
| $11M | 0.01% |
258,900
+223,400
| +629% | +$9.64M |
|
1993
TriNet
TNET
$3.02B
| $11M | 0.01% |
138,926
+135,534
| +3,996% | +$11.3M |
|
1994
Ollie's Bargain Outlet
OLLI
$4.44B
| $11M | 0.01% |
94,583
-182,933
| -66% | -$19.3M |
|
1995
BHP
BHP
$215B
| $11M | 0.01% |
226,719
-236,595
| -51% | -$11.8M |
|
1996
Principal Financial Group
PFG
$24.3B
| $11M | 0.01% |
130,420
-206,618
| -61% | -$17.2M |
|
|
LGF.B
1997
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $11M | 0.01% |
1,389,313
+102,810
| +8% | +$824K |
|
1998
Annaly Capital Management
NLY
$17.1B
| $11M | 0.01% |
541,733
+32,881
| +6% | +$677K |
|
1999
NetEase
NTES
$85.3B
| $11M | 0.01% |
106,877
-592,501
| -85% | -$59.6M |
|
2000
CALL
Cardinal Health
CAH
$53.9B
| $11M | 0.01% |
79,800
-205,400
| -72% | -$26.2M |
|
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.