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 | |
|---|---|---|---|---|---|---|
2076
CALL
Kenvue
KVUE
$36.9B
| $10.3M | 0.01% |
428,000
+226,700
| +113% | +$5.02M |
|
2077
CALL
Vista Energy
VIST
$7.84B
| $10.2M | 0.01% |
+220,000
| New | +$11.4M |
|
2078
Select Water Solutions
WTTR
$2.3B
| $10.2M | 0.01% |
974,821
+802,833
| +467% | +$9.74M |
|
2079
Aspen Aerogels
ASPN
$384M
| $10.2M | 0.01% |
1,599,392
-22,630
| -1% | -$218K |
|
2080
Northern Trust
NTRS
$33.3B
| $10.2M | 0.01% |
103,509
-213,293
| -67% | -$22.6M |
|
2081
CALL
Monolithic Power Systems
MPWR
$70.1B
| $10.2M | 0.01% |
17,600
+4,100
| +30% | +$2.58M |
|
|
KRMN
2082
Karman Holdings
KRMN
$6.38B
| $10.2M | 0.01% |
+305,169
| New | +$9.85M |
|
2083
Cellebrite
CLBT
$3.68B
| $10.2M | 0.01% |
524,470
-658,231
| -56% | -$13.9M |
|
|
BOW
2084
Bowhead Specialty Holdings
BOW
$1B
| $10.2M | 0.01% |
250,277
+107,896
| +76% | +$3.67M |
|
2085
Axos Financial
AX
$5.77B
| $10.2M | 0.01% |
157,621
-57,620
| -27% | -$3.91M |
|
2086
Ubiquiti
UI
$33.7B
| $10.2M | 0.01% |
32,744
-18,994
| -37% | -$6.71M |
|
2087
ARS Pharmaceuticals
SPRY
$509M
| $10.2M | 0.01% |
807,036
-132,242
| -14% | -$1.59M |
|
2088
Virtus Investment Partners
VRTS
$1.06B
| $10.1M | 0.01% |
58,788
+5,734
| +11% | +$1.09M |
|
2089
Seadrill
SDRL
$2.8B
| $10.1M | 0.01% |
404,803
-915,837
| -69% | -$28.4M |
|
|
FINV
2090
FinVolution Group
FINV
$1.15B
| $10.1M | 0.01% |
1,050,439
+894,566
| +574% | +$7.33M |
|
2091
Element Solutions
ESI
$8.95B
| $10.1M | 0.01% |
446,622
+344,950
| +339% | +$8.82M |
|
2092
Melco Resorts & Entertainment
MLCO
$2.22B
| $10.1M | 0.01% |
1,915,978
+784,403
| +69% | +$4.42M |
|
|
SPNS
2093
DELISTED
Sapiens International
SPNS
| $10.1M | 0.01% |
371,368
+254,259
| +217% | +$6.86M |
|
2094
RingCentral
RNG
$4.66B
| $10M | 0.01% |
405,499
+323,608
| +395% | +$10.1M |
|
2095
Banner Corp
BANR
$2.39B
| $10M | 0.01% |
157,438
-268,866
| -63% | -$18.1M |
|
2096
Kontoor Brands
KTB
$4.63B
| $10M | 0.01% |
156,332
+107,855
| +222% | +$8.36M |
|
2097
Mercer International
MERC
$42.3M
| $10M | 0.01% |
1,629,756
-101,619
| -6% | -$682K |
|
2098
GXO Logistics
GXO
$5.77B
| $10M | 0.01% |
256,429
-32,897
| -11% | -$1.37M |
|
2099
CALL
monday.com
MNDY
$3.68B
| $10M | 0.01% |
41,200
+12,400
| +43% | +$3.28M |
|
|
ODP
2100
DELISTED
ODP
ODP
| $10M | 0.01% |
698,169
+607,935
| +674% | +$11.7M |
|
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.