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 | |
|---|---|---|---|---|---|---|
2451
CALL
Braze
BRZE
$2.89B
| $6.86M | ﹤0.01% |
190,000
+40,000
| +27% | +$1.61M |
|
2452
Phreesia
PHR
$698M
| $6.85M | ﹤0.01% |
268,189
-385,445
| -59% | -$10.5M |
|
2453
Match Group
MTCH
$9.46B
| $6.85M | ﹤0.01% |
219,684
+181,759
| +479% | +$5.94M |
|
2454
PUT
Corcept Therapeutics
CORT
$12.2B
| $6.85M | ﹤0.01% |
60,000
-10,000
| -14% | -$609K |
|
2455
City Holding Co
CHCO
$2.05B
| $6.84M | ﹤0.01% |
58,234
-15,647
| -21% | -$1.85M |
|
2456
PUT
Check Point Software Technologies
CHKP
$12.6B
| $6.84M | ﹤0.01% |
30,000
+10,000
| +50% | +$2.12M |
|
2457
CALL
Emerson Electric
EMR
$86.7B
| $6.83M | ﹤0.01% |
62,300
-49,800
| -44% | -$6M |
|
2458
MillerKnoll
MLKN
$1.64B
| $6.83M | ﹤0.01% |
356,791
-521,018
| -59% | -$11.1M |
|
2459
Trustmark
TRMK
$2.8B
| $6.82M | ﹤0.01% |
197,652
+21,866
| +12% | +$780K |
|
2460
Insight Enterprises
NSIT
$3.98B
| $6.81M | ﹤0.01% |
45,382
-23,511
| -34% | -$3.78M |
|
2461
PUT
Steris
STE
$22.7B
| $6.8M | ﹤0.01% |
+30,000
| New | +$6.6M |
|
2462
PUT
Autodesk
ADSK
$49.6B
| $6.78M | ﹤0.01% |
25,900
-130,700
| -83% | -$37.2M |
|
2463
Hayward Holdings
HAYW
$3.28B
| $6.77M | ﹤0.01% |
486,132
+30,763
| +7% | +$447K |
|
2464
Safety Insurance
SAFT
$1.51B
| $6.76M | ﹤0.01% |
85,761
+63,480
| +285% | +$4.96M |
|
2465
Dole
DOLE
$1.36B
| $6.75M | ﹤0.01% |
+467,061
| New | +$6.45M |
|
2466
Mineralys Therapeutics
MLYS
$2.27B
| $6.74M | ﹤0.01% |
424,691
-676,983
| -61% | -$7.79M |
|
2467
ODDITY Tech
ODD
$702M
| $6.74M | ﹤0.01% |
155,881
-305,164
| -66% | -$13.6M |
|
2468
Koppers
KOP
$976M
| $6.74M | ﹤0.01% |
240,806
-66,829
| -22% | -$2.01M |
|
2469
Portland General Electric
POR
$5.9B
| $6.74M | ﹤0.01% |
151,134
+124,410
| +466% | +$5.33M |
|
2470
AMC Global Media
AMCX
$479M
| $6.73M | ﹤0.01% |
978,751
-34,944
| -3% | -$292K |
|
2471
Skywest
SKYW
$4.42B
| $6.73M | ﹤0.01% |
76,996
-82,586
| -52% | -$8.45M |
|
2472
Rayonier Advanced Materials
RYAM
$608M
| $6.72M | ﹤0.01% |
1,168,291
+321,613
| +38% | +$2.26M |
|
2473
TeraWulf
WULF
$9.33B
| $6.71M | ﹤0.01% |
2,456,045
+793,832
| +48% | +$3.54M |
|
|
GES
2474
DELISTED
Guess Inc
GES
| $6.7M | ﹤0.01% |
605,681
-553,568
| -48% | -$6.68M |
|
2475
CALL
State Street
STT
$50.5B
| $6.68M | ﹤0.01% |
74,600
+37,000
| +98% | +$3.53M |
|
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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.