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 | |
|---|---|---|---|---|---|---|
2051
Vital Farms
VITL
$545M
| $10.5M | 0.01% |
343,251
-184,016
| -35% | -$6.62M |
|
2052
BrightSpring Health Services
BTSG
$11.7B
| $10.5M | 0.01% |
577,885
+1,967
| +0.3% | +$38.6K |
|
2053
CALL
Rivian
RIVN
$22B
| $10.5M | 0.01% |
839,600
+723,600
| +624% | +$9.11M |
|
2054
Stryker
SYK
$125B
| $10.5M | 0.01% |
28,074
-45,569
| -62% | -$17.3M |
|
2055
CALL
PENN Entertainment
PENN
$2.75B
| $10.4M | 0.01% |
640,400
+598,900
| +1,443% | +$11.7M |
|
2056
PUT
iShares US Home Construction ETF
ITB
$2.26B
| $10.4M | 0.01% |
109,700
+2,700
| +3% | +$274K |
|
|
SPTN
2057
DELISTED
SpartanNash
SPTN
| $10.4M | 0.01% |
515,436
+460,474
| +838% | +$8.83M |
|
2058
Illinois Tool Works
ITW
$82.6B
| $10.4M | 0.01% |
42,062
-13,761
| -25% | -$3.54M |
|
2059
CALL
Celestica
CLS
$38.1B
| $10.4M | 0.01% |
132,200
+76,600
| +138% | +$8.13M |
|
2060
Ball Corp
BALL
$17.3B
| $10.4M | 0.01% |
200,059
-104,673
| -34% | -$5.49M |
|
2061
Nurix Therapeutics
NRIX
$2.41B
| $10.4M | 0.01% |
874,399
+450,262
| +106% | +$7.53M |
|
2062
Lemonade
LMND
$3.74B
| $10.4M | 0.01% |
329,934
+237,044
| +255% | +$8.16M |
|
2063
Vitamin Cottage Natural Grocers
NGVC
$739M
| $10.4M | 0.01% |
257,564
+95,434
| +59% | +$3.99M |
|
2064
PUT
Darden Restaurants
DRI
$23.3B
| $10.3M | 0.01% |
49,800
-177,600
| -78% | -$34.3M |
|
2065
Logitech
LOGI
$14.7B
| $10.3M | 0.01% |
122,550
+65,137
| +113% | +$6.13M |
|
2066
Forestar Group
FOR
$1.44B
| $10.3M | 0.01% |
489,230
+164,753
| +51% | +$3.83M |
|
2067
Roku
ROKU
$21.5B
| $10.3M | 0.01% |
146,640
-13,821
| -9% | -$1.11M |
|
2068
Marqeta
MQ
$1.83B
| $10.3M | 0.01% |
626,717
-278,402
| -31% | -$4.39M |
|
|
B
2069
PUT
Barrick Mining
B
$61.5B
| $10.3M | 0.01% |
531,100
-73,500
| -12% | -$1.29M |
|
2070
PUT
Biogen
BIIB
$30B
| $10.3M | 0.01% |
75,400
+48,100
| +176% | +$6.88M |
|
2071
Upwork
UPWK
$1.13B
| $10.3M | 0.01% |
789,638
+619,459
| +364% | +$9.44M |
|
2072
Krispy Kreme
DNUT
$548M
| $10.3M | 0.01% |
2,093,416
+1,732,732
| +480% | +$13.2M |
|
2073
PUT
The Mosaic Company
MOS
$7.03B
| $10.3M | 0.01% |
380,600
+4,900
| +1% | +$130K |
|
2074
PUT
J.M. Smucker
SJM
$12.7B
| $10.3M | 0.01% |
86,800
+62,300
| +254% | +$6.73M |
|
2075
ACV Auctions
ACVA
$1.31B
| $10.3M | 0.01% |
728,697
+191,883
| +36% | +$3.53M |
|
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.