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 | |
|---|---|---|---|---|---|---|
|
LOKVU
2301
DELISTED
Live Oak Acquisition Corp V Units
LOKVU
| $8.06M | ﹤0.01% |
+800,000
| New | +$8.04M |
|
2302
CALL
Cognizant
CTSH
$25B
| $8.06M | ﹤0.01% |
105,400
+6,600
| +7% | +$537K |
|
2303
PUT
Monolithic Power Systems
MPWR
$65.7B
| $8.06M | ﹤0.01% |
13,900
+4,500
| +48% | +$2.84M |
|
2304
PUT
CF Industries
CF
$18.5B
| $8.06M | ﹤0.01% |
103,100
-111,000
| -52% | -$9.31M |
|
2305
National Health Investors
NHI
$3.71B
| $8.05M | ﹤0.01% |
108,993
-379,360
| -78% | -$26.8M |
|
2306
WisdomTree Floating Rate Treasury Fund
USFR
$18.4B
| $8.05M | ﹤0.01% |
159,916
-80,845
| -34% | -$4.07M |
|
2307
PUT
Hershey
HSY
$35.5B
| $8.02M | ﹤0.01% |
46,900
-57,500
| -55% | -$9.41M |
|
2308
Silicon Motion
SIMO
$8.63B
| $8.02M | ﹤0.01% |
158,627
-455,124
| -74% | -$24.6M |
|
2309
CALL
Dutch Bros
BROS
$9.2B
| $8M | ﹤0.01% |
+129,600
| New | +$8.54M |
|
2310
CALL
Cloudflare
NET
$101B
| $8M | ﹤0.01% |
71,000
-46,500
| -40% | -$6.16M |
|
|
TLN
2311
CALL
Talen Energy Corp
TLN
$16.6B
| $7.99M | ﹤0.01% |
+40,000
| New | +$8.68M |
|
2312
Bitdeer Technologies
BTDR
$2.73B
| $7.97M | ﹤0.01% |
903,011
+249,660
| +38% | +$3.73M |
|
2313
CALL
Glaukos
GKOS
$10.1B
| $7.97M | ﹤0.01% |
81,000
+79,000
| +3,950% | +$10.5M |
|
2314
PUT
Carnival Corporation Ltd
CCL
$38.7B
| $7.95M | ﹤0.01% |
407,100
-381,800
| -48% | -$9.08M |
|
|
CMPS
2315
Compass Pathways
CMPS
$1.54B
| $7.93M | ﹤0.01% |
2,773,521
-639,927
| -19% | -$2.46M |
|
2316
CALL
DoorDash
DASH
$88.5B
| $7.93M | ﹤0.01% |
43,400
-135,100
| -76% | -$25.4M |
|
2317
Central Pacific Financial
CPF
$1.03B
| $7.93M | ﹤0.01% |
293,335
+238,367
| +434% | +$6.72M |
|
2318
PUT
General Mills
GIS
$19.2B
| $7.93M | ﹤0.01% |
132,600
+104,600
| +374% | +$6.28M |
|
2319
Piper Sandler
PIPR
$5.08B
| $7.93M | ﹤0.01% |
128,044
-246,496
| -66% | -$17.6M |
|
2320
Belden
BDC
$4.87B
| $7.91M | ﹤0.01% |
78,865
+6,894
| +10% | +$765K |
|
2321
PUT
Quanta Services
PWR
$101B
| $7.88M | ﹤0.01% |
31,000
-65,800
| -68% | -$19M |
|
2322
PUT
UBS Group
UBS
$172B
| $7.85M | ﹤0.01% |
277,900
-287,100
| -51% | -$9.57M |
|
2323
CNO Financial Group
CNO
$5.27B
| $7.85M | ﹤0.01% |
188,553
-116,811
| -38% | -$4.66M |
|
2324
Xenon Pharmaceuticals
XENE
$6.01B
| $7.85M | ﹤0.01% |
234,056
-111,984
| -32% | -$4.25M |
|
|
AVNS
2325
DELISTED
Avanos Medical
AVNS
| $7.85M | ﹤0.01% |
547,740
+457,703
| +508% | +$7.15M |
|
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.