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 | |
|---|---|---|---|---|---|---|
2426
PUT
West Pharmaceutical
WST
$24.5B
| $7.03M | ﹤0.01% |
+31,400
| New | +$8.65M |
|
2427
Kosmos Energy
KOS
$1.52B
| $7.03M | ﹤0.01% |
3,082,750
+417,161
| +16% | +$1.23M |
|
2428
PUT
Constellation Brands
STZ
$22.5B
| $7.01M | ﹤0.01% |
38,200
-35,500
| -48% | -$6.45M |
|
2429
El Pollo Loco
LOCO
$504M
| $7.01M | ﹤0.01% |
680,391
+451,575
| +197% | +$5.1M |
|
2430
PUT
ARK Innovation ETF
ARKK
$5.85B
| $6.99M | ﹤0.01% |
147,000
-180,800
| -55% | -$10.4M |
|
2431
PUT
American Electric Power
AEP
$69.5B
| $6.99M | ﹤0.01% |
64,000
+16,000
| +33% | +$1.62M |
|
2432
Rocket Companies
RKT
$38.8B
| $6.99M | ﹤0.01% |
579,304
+144,207
| +33% | +$1.86M |
|
2433
CALL
DuPont de Nemours
DD
$19B
| $6.99M | ﹤0.01% |
74,568
+19,757
| +36% | +$1.93M |
|
2434
MaxLinear
MXL
$6.08B
| $6.98M | ﹤0.01% |
642,844
-199,149
| -24% | -$3.33M |
|
2435
CALL
STMicroelectronics
STM
$46.6B
| $6.97M | ﹤0.01% |
317,500
-142,200
| -31% | -$3.49M |
|
2436
BlackSky Technology
BKSY
$968M
| $6.96M | ﹤0.01% |
900,760
+441,165
| +96% | +$5.54M |
|
|
DHIL
2437
DELISTED
Diamond Hill
DHIL
| $6.96M | ﹤0.01% |
48,739
+19,962
| +69% | +$2.95M |
|
2438
Certara
CERT
$1.28B
| $6.96M | ﹤0.01% |
702,833
-311,464
| -31% | -$3.78M |
|
2439
PUT
Nu Holdings
NU
$69.9B
| $6.95M | ﹤0.01% |
679,100
+82,500
| +14% | +$975K |
|
2440
CALL
General Dynamics
GD
$104B
| $6.95M | ﹤0.01% |
25,500
-49,200
| -66% | -$12.8M |
|
|
DRUG
2441
Bright Minds Biosciences
DRUG
$726M
| $6.95M | ﹤0.01% |
192,557
+152,178
| +377% | +$5.57M |
|
2442
PUT
Colgate-Palmolive
CL
$71.7B
| $6.94M | ﹤0.01% |
74,100
+42,900
| +138% | +$3.84M |
|
2443
PUT
Kinder Morgan
KMI
$70B
| $6.94M | ﹤0.01% |
243,100
-134,000
| -36% | -$3.71M |
|
|
SMC
2444
Summit Midstream
SMC
$431M
| $6.92M | ﹤0.01% |
204,265
+155,655
| +320% | +$6.26M |
|
2445
Greif
GEF
$4.93B
| $6.92M | ﹤0.01% |
125,881
-15,736
| -11% | -$927K |
|
2446
Telkom Indonesia
TLK
$15B
| $6.92M | ﹤0.01% |
468,651
+402,344
| +607% | +$6.29M |
|
|
AAT
2447
American Assets Trust
AAT
$1.46B
| $6.91M | ﹤0.01% |
342,993
-3,174
| -0.9% | -$71.6K |
|
2448
Norfolk Southern
NSC
$75.3B
| $6.89M | ﹤0.01% |
29,092
-270,288
| -90% | -$65.9M |
|
2449
Kinetik
KNTK
$3.65B
| $6.88M | ﹤0.01% |
132,533
+62,306
| +89% | +$3.65M |
|
2450
Equinox Gold
EQX
$7.21B
| $6.88M | ﹤0.01% |
+1,000,414
| New | +$6.41M |
|
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.