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 | |
|---|---|---|---|---|---|---|
2026
PUT
GE Vernova
GEV
$264B
| $10.7M | 0.01% |
35,200
+33,700
| +2,247% | +$11.8M |
|
2027
Kilroy Realty
KRC
$4.52B
| $10.7M | 0.01% |
327,431
-624,990
| -66% | -$22.4M |
|
2028
SPX Corp
SPXC
$11B
| $10.7M | 0.01% |
83,285
+56,799
| +214% | +$8.14M |
|
2029
CALL
Expedia Group
EXPE
$35.4B
| $10.7M | 0.01% |
63,800
+60,200
| +1,672% | +$11M |
|
2030
DoubleVerify
DV
$1.73B
| $10.7M | 0.01% |
801,462
-1,280,106
| -61% | -$23.7M |
|
|
PARA
2031
CALL
DELISTED
Paramount Global Class B
PARA
| $10.7M | 0.01% |
893,800
+342,200
| +62% | +$3.83M |
|
2032
Digital Realty Trust
DLR
$69.7B
| $10.7M | 0.01% |
74,544
-596,114
| -89% | -$97M |
|
2033
HNI Corp
HNI
$3.24B
| $10.7M | 0.01% |
+240,502
| New | +$11.4M |
|
2034
RPM International
RPM
$13.7B
| $10.7M | 0.01% |
92,163
-104,957
| -53% | -$12.8M |
|
2035
W.R. Berkley
WRB
$26.9B
| $10.7M | 0.01% |
149,817
-756,253
| -83% | -$46.3M |
|
2036
AST SpaceMobile
ASTS
$17.6B
| $10.6M | 0.01% |
467,626
+64,989
| +16% | +$1.66M |
|
2037
Oportun Financial
OPRT
$255M
| $10.6M | 0.01% |
1,936,797
+433,827
| +29% | +$2.39M |
|
2038
ESAB
ESAB
$5.38B
| $10.6M | 0.01% |
+91,126
| New | +$11.1M |
|
|
MRSH
2039
PUT
Marsh
MRSH
$90.5B
| $10.6M | 0.01% |
+43,500
| New | +$9.87M |
|
2040
UL Solutions
ULS
$18.5B
| $10.6M | 0.01% |
188,190
-478,742
| -72% | -$25.4M |
|
2041
DXP Enterprises
DXPE
$2.43B
| $10.6M | 0.01% |
128,956
+112,021
| +661% | +$10.3M |
|
2042
Opko Health
OPK
$985M
| $10.6M | 0.01% |
6,386,911
+1,798,385
| +39% | +$2.96M |
|
|
DEA
2043
Easterly Government Properties
DEA
$1.13B
| $10.6M | 0.01% |
400,070
+378,552
| +1,759% | +$10.4M |
|
2044
MGP Ingredients
MGPI
$379M
| $10.6M | 0.01% |
359,813
+193,660
| +117% | +$6.48M |
|
|
RDFN
2045
DELISTED
Redfin
RDFN
| $10.5M | 0.01% |
1,142,903
-256,528
| -18% | -$2.19M |
|
2046
Parker-Hannifin
PH
$123B
| $10.5M | 0.01% |
17,285
-231,832
| -93% | -$152M |
|
|
EXK
2047
Endeavour Silver
EXK
$2.23B
| $10.5M | 0.01% |
2,455,127
+289,096
| +13% | +$1.16M |
|
2048
PUT
Yum! Brands
YUM
$41.8B
| $10.5M | 0.01% |
66,600
+41,000
| +160% | +$5.91M |
|
2049
CALL
Moody's
MCO
$82.8B
| $10.5M | 0.01% |
22,500
+13,800
| +159% | +$6.65M |
|
|
DAWN
2050
DELISTED
Day One Biopharmaceuticals
DAWN
| $10.5M | 0.01% |
1,320,095
+1,127,995
| +587% | +$12.2M |
|
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.