Millennium Management Portfolio
Millennium Management 13F filer (CIK 0001273087).
Q1 2025 · 4003 positions · Total reported value $181.35B · Top-10 concentration 24.2%
Turnover: 61.9% · 524 new · 1681 cut · 614 exited
Active Share (vs S&P 500): 57.0% · vs QQQ: 72.9% — share of the book that differs from index weights (higher = more active) · ranking
In its Q1 2025 13F filing, Millennium Management disclosed 4003 equity positions with a combined reported value of $181.35B. The filing implies a diversified portfolio: its ten largest positions account for 24.2% of reported value. HoldingsHub classifies the profile as Mega / Diversified / High Turnover.
The largest disclosed positions as of Q1 2025 were IWM ($7.41B), QQQ ($6.21B), IVV ($5.23B). By sector, the heaviest allocations are Technology 21.3%, Consumer Discretionary 13.9%. Versus the prior quarter, allocation shifted toward Other (+1.9pp), Health Care (+0.8pp) and away from Energy (-0.5pp), Industrials (-0.9pp).
Versus the prior quarter, Millennium Management opened 524 new positions, trimmed 1681 and fully exited 614, a turnover rate of 61.9% of positions. The portfolio's overlap with the prior quarter was 80% of names.
Figures come from the fund's SEC Form 13F filing. 13F reports are filed within 45 days of quarter end and cover long positions of $100,000 or more; they exclude short positions and non-13F asset classes, so treat this page as a quarter-end snapshot rather than the fund's live book.
Sector Allocation
| # | Symbol | Company | Shares | Value | Weight | Change |
|---|---|---|---|---|---|---|
| 1 | IWM | ISHARES TR | 37.12M | $7.41B | 4.08% | Reduce |
| 2 | QQQ | INVESCO QQQ TR | 13.25M | $6.21B | 3.43% | Add |
| 3 | IVV | ISHARES TR | 9.31M | $5.23B | 2.88% | Add |
| 4 | NVDA | NVIDIA CORPORATION | 46.04M | $4.99B | 2.75% | Reduce |
| 5 | AMZN | AMAZON COM INC | 19.84M | $3.78B | 2.08% | Add |
| 6 | MSFT | MICROSOFT CORP | 9.62M | $3.61B | 1.99% | Add |
| 7 | SPY | STATE STR SPDR S&P 500 ETF T | 6.37M | $3.57B | 1.97% | Reduce |
| 8 | AAPL | APPLE INC | 15.84M | $3.52B | 1.94% | Reduce |
| 9 | META | META PLATFORMS INC. CLASS A | 5.51M | $3.17B | 1.75% | Reduce |
| 10 | TSLA | TESLA INC | 9.12M | $2.36B | 1.30% | Reduce |
| 11 | GOOGL | ALPHABET INC | 14.74M | $2.28B | 1.26% | Add |
| 12 | AVGO | BROADCOM INC | 10.71M | $1.79B | 0.99% | Reduce |
| 13 | HYG | ISHARES TR | 22.26M | $1.76B | 0.97% | Add |
| 14 | BAC | BANK OF AMER CORP | 28.67M | $1.20B | 0.66% | Add |
| 15 | XLF | SELECT SECTOR SPDR TR | 22.62M | $1.13B | 0.62% | Add |
| 16 | XLE | SELECT SECTOR SPDR TR | 11.47M | $1.07B | 0.59% | Reduce |
| 17 | AMD | ADVANCED MICRO DEVICES INC | 10.11M | $1.04B | 0.57% | Add |
| 18 | NFLX | NETFLIX INC. | 1.06M | $984.39M | 0.54% | Reduce |
| 19 | LLY | ELI LILLY & CO | 1.18M | $972.44M | 0.54% | Reduce |
| 20 | UNH | UNITEDHEALTH GROUP INCORPORATED | 1.83M | $958.39M | 0.53% | Add |
| 21 | WFC | WELLS FARGO & CO | 12.92M | $927.63M | 0.51% | Reduce |
| 22 | BSX | BOSTON SCIENTIFIC CORP | 9.31M | $888.81M | 0.49% | Reduce |
| 23 | GOOG | ALPHABET INC | 5.50M | $859.61M | 0.47% | Add |
| 24 | IBIT | ISHARES BITCOIN TRUST ETF | 18.10M | $847.28M | 0.47% | Reduce |
| 25 | EEM | ISHARES TR | 18.74M | $819.15M | 0.45% | Reduce |
| 26 | CRH | CRH PLC | 1.67M | $809.21M | 0.45% | Reduce |
| 27 | BABA | ALIBABA GROUP HLDG LTD | 6.08M | $804.46M | 0.44% | Reduce |
| 28 | BRKB | BERKSHIRE HATHAWAY INC DEL | 1.46M | $777.06M | 0.43% | Reduce |
| 29 | FXI | ISHARES TR | 20.89M | $748.64M | 0.41% | Add |
| 30 | HD | HOME DEPOT INC | 2.01M | $737.13M | 0.41% | Add |
| 31 | MS | MORGAN STANLEY | 6.26M | $730.68M | 0.40% | Reduce |
| 32 | SCHW | SCHWAB CHARLES CORP | 9.17M | $718.15M | 0.40% | Add |
| 33 | XOM | EXXON MOBIL CORP | 5.96M | $708.88M | 0.39% | Reduce |
| 34 | MA | MASTERCARD INCORPORATED | 1.28M | $700.26M | 0.39% | Add |
| 35 | DHR | DANAHER CORP DEL | 3.40M | $696.03M | 0.38% | Add |
| 36 | ADBE | ADOBE INC | 1.69M | $648.77M | 0.36% | Add |
| 37 | JPM | JPMORGAN CHASE & CO | 2.52M | $618.89M | 0.34% | Reduce |
| 38 | MRK | MERCK & CO INC | 6.63M | $595.35M | 0.33% | Add |
| 39 | INTU | INTUIT | 917.63K | $563.41M | 0.31% | Add |
| 40 | WMT | WALMART INC | 6.25M | $548.40M | 0.30% | Reduce |
| 41 | XLK | SELECT SECTOR SPDR TR | 2.62M | $540.84M | 0.30% | Add |
| 42 | DIA | SPDR DOW JONES INDL AVERAGE | 1.26M | $529.43M | 0.29% | Add |
| 43 | COST | COSTCO WHOLESALE CORPORATION | 556.85K | $526.65M | 0.29% | Add |
| 44 | V | VISA INC | 1.49M | $522.98M | 0.29% | Reduce |
| 45 | PYPL | PAYPAL HLDGS INC | 7.90M | $515.80M | 0.28% | Add |
| 46 | XLU | SELECT SECTOR SPDR TR | 6.43M | $507.02M | 0.28% | Add |
| 47 | COF | CAPITAL ONE FINL CORP | 2.79M | $500.92M | 0.28% | Reduce |
| 48 | FBTC | FIDELITY WISE ORIGIN BITCOIN | 6.96M | $500.60M | 0.28% | Reduce |
| 49 | LIN | LINDE PLC | 1.07M | $500.35M | 0.28% | Add |
| 50 | XLY | SELECT SECTOR SPDR TR | 2.53M | $499.40M | 0.28% | Reduce |