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 | |
|---|---|---|---|---|---|---|
2001
Grocery Outlet
GO
$909M
| $11M | 0.01% |
786,262
-3,306
| -0.4% | -$48.9K |
|
2002
CALL
Synopsys
SNPS
$74.4B
| $11M | 0.01% |
25,600
-8,400
| -25% | -$4.08M |
|
2003
NextDecade
NEXT
$1.79B
| $10.9M | 0.01% |
1,404,770
+128,568
| +10% | +$1.04M |
|
2004
CALL
Twilio
TWLO
$30B
| $10.9M | 0.01% |
111,600
+103,500
| +1,278% | +$12.3M |
|
2005
CALL
SPDR Gold Trust
GLD
$131B
| $10.9M | 0.01% |
37,900
-110,200
| -74% | -$29.1M |
|
2006
Capital Southwest
CSWC
$1.47B
| $10.9M | 0.01% |
488,992
+231,614
| +90% | +$5.23M |
|
2007
Amylyx Pharmaceuticals
AMLX
$2.26B
| $10.9M | 0.01% |
3,081,853
+2,487,617
| +419% | +$8.85M |
|
2008
PUT
Etsy
ETSY
$7.75B
| $10.9M | 0.01% |
231,200
+55,000
| +31% | +$2.82M |
|
2009
Krystal Biotech
KRYS
$10.1B
| $10.9M | 0.01% |
60,388
+41,432
| +219% | +$6.97M |
|
2010
Myers Industries
MYE
$1.29B
| $10.9M | 0.01% |
911,626
+23,866
| +3% | +$282K |
|
2011
CALL
Yum! Brands
YUM
$41.8B
| $10.9M | 0.01% |
69,100
-385,200
| -85% | -$55.5M |
|
2012
CALL
Howmet Aerospace
HWM
$113B
| $10.9M | 0.01% |
83,700
+65,500
| +360% | +$8.32M |
|
2013
British American Tobacco
BTI
$131B
| $10.9M | 0.01% |
262,322
+251,471
| +2,317% | +$9.89M |
|
2014
PUT
Oneok
OKE
$57.2B
| $10.8M | 0.01% |
109,300
-206,300
| -65% | -$20.5M |
|
|
SNRE
2015
DELISTED
Sunrise Communications AG American Depositary Shares representing Class A shares
SNRE
| $10.8M | 0.01% |
224,544
-245,636
| -52% | -$11.5M |
|
2016
Rivian
RIVN
$22B
| $10.8M | 0.01% |
870,843
-1,879,750
| -68% | -$23.7M |
|
2017
Fox Factory Holding Corp
FOXF
$755M
| $10.8M | 0.01% |
464,493
+73,090
| +19% | +$1.96M |
|
2018
Royal Caribbean
RCL
$85.1B
| $10.8M | 0.01% |
52,739
+51,131
| +3,180% | +$12.1M |
|
2019
PUT
Roku
ROKU
$21.5B
| $10.8M | 0.01% |
153,800
+7,500
| +5% | +$600K |
|
|
EXAS
2020
CALL
DELISTED
Exact Sciences
EXAS
| $10.8M | 0.01% |
250,000
+151,200
| +153% | +$7.66M |
|
2021
CALL
KKR & Co
KKR
$91.1B
| $10.8M | 0.01% |
93,600
-182,800
| -66% | -$25.1M |
|
2022
Columbia Sportswear
COLM
$3.04B
| $10.8M | 0.01% |
142,956
+28,269
| +25% | +$2.36M |
|
2023
PUT
Hewlett Packard
HPE
$63.4B
| $10.8M | 0.01% |
701,100
-866,500
| -55% | -$17.3M |
|
|
FLG
2024
PUT
Flagstar Bank National Association
FLG
$5.93B
| $10.8M | 0.01% |
930,900
+34,200
| +4% | +$385K |
|
|
FVR
2025
FrontView REIT
FVR
$475M
| $10.8M | 0.01% |
841,993
+96,011
| +13% | +$1.57M |
|
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.