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 | |
|---|---|---|---|---|---|---|
201
PUT
Boeing
BA
$167B
| $161M | 0.09% |
945,300
+464,500
| +97% | +$80.4M |
|
|
FYBR
202
DELISTED
Frontier Communications
FYBR
| $161M | 0.09% |
4,487,109
+1,422,556
| +46% | +$50.8M |
|
203
Bitwise Bitcoin ETF
BITB
$2.49B
| $161M | 0.09% |
3,580,398
-147,294
| -4% | -$7.47M |
|
204
iShares Russell 2000 ETF
IWM
$80.3B
| $161M | 0.09% |
804,618
-606,710
| -43% | -$132M |
|
205
CALL
Eli Lilly
LLY
$1.07T
| $160M | 0.09% |
193,700
+23,000
| +13% | +$19.1M |
|
206
CALL
Visa
V
$689B
| $160M | 0.09% |
456,000
-90,600
| -17% | -$30.7M |
|
207
argenx
ARGX
$55.6B
| $159M | 0.08% |
268,604
+204,180
| +317% | +$129M |
|
208
FedEx
FDX
$73.5B
| $158M | 0.08% |
648,633
-435,647
| -40% | -$113M |
|
209
CSX Corp
CSX
$96B
| $158M | 0.08% |
5,358,090
+4,238,548
| +379% | +$135M |
|
210
Lam Research
LRCX
$365B
| $157M | 0.08% |
2,160,823
-268,219
| -11% | -$21.1M |
|
211
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.47B
| $157M | 0.08% |
2,757,800
-3,277,900
| -54% | -$199M |
|
212
W.W. Grainger
GWW
$66B
| $157M | 0.08% |
158,712
+31,668
| +25% | +$32.7M |
|
213
Huntington Ingalls Industries
HII
$11.4B
| $157M | 0.08% |
767,606
+83,533
| +12% | +$15.9M |
|
214
Yum! Brands
YUM
$40.7B
| $156M | 0.08% |
992,493
+984,134
| +11,773% | +$142M |
|
215
Citigroup
C
$223B
| $155M | 0.08% |
2,185,397
-1,158,612
| -35% | -$88.3M |
|
216
StepStone Group
STEP
$3.65B
| $155M | 0.08% |
2,962,826
+2,161,548
| +270% | +$127M |
|
217
CALL
IBM
IBM
$204B
| $155M | 0.08% |
621,900
+388,400
| +166% | +$95M |
|
218
Thomson Reuters
TRI
$42.7B
| $154M | 0.08% |
880,270
+691,197
| +366% | +$119M |
|
219
TransAlta
TAC
$4.25B
| $154M | 0.08% |
16,462,892
+10,957,858
| +199% | +$121M |
|
220
PUT
Marvell Technology
MRVL
$170B
| $153M | 0.08% |
2,485,900
-192,600
| -7% | -$18.7M |
|
221
Philip Morris
PM
$305B
| $153M | 0.08% |
962,263
+157,631
| +20% | +$22.3M |
|
222
PUT
iShares MSCI EAFE ETF
EFA
$76.8B
| $151M | 0.08% |
1,847,000
-2,668,600
| -59% | -$215M |
|
223
PUT
Abbott
ABT
$182B
| $151M | 0.08% |
1,136,800
+519,800
| +84% | +$66.2M |
|
224
CALL
Bank of America
BAC
$436B
| $150M | 0.08% |
3,601,700
+1,241,700
| +53% | +$55.3M |
|
225
Vertex Pharmaceuticals
VRTX
$122B
| $150M | 0.08% |
309,935
-708
| -0.2% | -$330K |
|
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.