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 | |
|---|---|---|---|---|---|---|
2351
CALL
Biogen
BIIB
$29.6B
| $7.66M | ﹤0.01% |
56,000
+27,300
| +95% | +$3.9M |
|
2352
GCM Grosvenor
GCMG
$793M
| $7.65M | ﹤0.01% |
577,977
+271,989
| +89% | +$3.64M |
|
|
ZIMV
2353
DELISTED
ZimVie
ZIMV
| $7.64M | ﹤0.01% |
707,771
+50,805
| +8% | +$668K |
|
2354
National Bank Holdings
NBHC
$1.93B
| $7.63M | ﹤0.01% |
199,453
+190,210
| +2,058% | +$7.92M |
|
2355
Turning Point Brands
TPB
$1.54B
| $7.62M | ﹤0.01% |
128,204
-93,473
| -42% | -$5.79M |
|
2356
Nextpower Inc
NXT
$13.9B
| $7.62M | ﹤0.01% |
+180,780
| New | +$8.04M |
|
2357
Frontline
FRO
$8.82B
| $7.59M | ﹤0.01% |
+510,936
| New | +$8.45M |
|
2358
Chord Energy
CHRD
$7.81B
| $7.58M | ﹤0.01% |
67,224
-41,614
| -38% | -$4.73M |
|
2359
PUT
Truist Financial
TFC
$63B
| $7.56M | ﹤0.01% |
183,800
+143,000
| +350% | +$6.37M |
|
2360
AAR Corp
AIR
$5.64B
| $7.56M | ﹤0.01% |
134,966
+35,608
| +36% | +$2.37M |
|
|
PVLA
2361
Palvella Therapeutics
PVLA
$2.02B
| $7.55M | ﹤0.01% |
+269,837
| New | +$5.2M |
|
|
NHICU
2362
NewHold Investment Corp III Units
NHICU
| $7.55M | ﹤0.01% |
+750,000
| New | +$7.53M |
|
2363
PUT
Cencora
COR
$60.5B
| $7.54M | ﹤0.01% |
27,100
-9,900
| -27% | -$2.49M |
|
2364
indie Semiconductor
INDI
$723M
| $7.53M | ﹤0.01% |
3,702,671
+3,037,435
| +457% | +$10.6M |
|
2365
OppFi
OPFI
$841M
| $7.52M | ﹤0.01% |
808,567
+629,154
| +351% | +$7.01M |
|
2366
PUT
Match Group
MTCH
$9.39B
| $7.51M | ﹤0.01% |
240,800
+113,700
| +89% | +$3.72M |
|
2367
Schneider National
SNDR
$6.17B
| $7.48M | ﹤0.01% |
+327,236
| New | +$8.87M |
|
2368
Cohen & Steers
CNS
$4.35B
| $7.48M | ﹤0.01% |
93,175
+77,251
| +485% | +$6.59M |
|
2369
CALL
L3Harris
LHX
$51.4B
| $7.47M | ﹤0.01% |
35,700
+25,000
| +234% | +$5.24M |
|
2370
Hercules Capital
HTGC
$3.14B
| $7.46M | ﹤0.01% |
388,439
-40,686
| -9% | -$821K |
|
|
CVGW
2371
DELISTED
Calavo Growers
CVGW
| $7.44M | ﹤0.01% |
310,004
-9,087
| -3% | -$214K |
|
2372
Enanta Pharmaceuticals
ENTA
$368M
| $7.44M | ﹤0.01% |
1,346,932
+449,945
| +50% | +$2.78M |
|
2373
Denison Mines
DNN
$2.61B
| $7.42M | ﹤0.01% |
5,710,330
+587,352
| +11% | +$980K |
|
2374
PUT
Steel Dynamics
STLD
$36.8B
| $7.42M | ﹤0.01% |
59,300
+28,500
| +93% | +$3.61M |
|
2375
PUT
iShares MSCI Germany ETF
EWG
$1.6B
| $7.42M | ﹤0.01% |
+200,000
| New | +$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.