Israel Englander‘s Millennium Management trimmed its positions in major technology stocks while increasing its Amazon.com Inc. (NASDAQ:AMZN) exposure during the first quarter of 2025, according to its 13F filing with the U.S. Securities and Exchange Commission on May 15.
What Happened: The hedge fund giant reduced its Nvidia Corp. (NASDAQ:NVDA) common stock position by 7% to 9.2 million shares, valued at $1 billion, while simultaneously trimming put options by 5% to 25.5 million shares and increasing call options by 5% to 11.3 million shares.
Microsoft Corp. (NASDAQ:MSFT) saw its common stock position cut by 29% to 1.8 million shares worth $693 million, while Millennium boosted put options by 28% to 5.5 million shares and maintained call positions at 2.3 million shares.
Meta Platforms Inc. (NASDAQ:META) experienced the largest reduction, with common shares slashed by 39% to 1.6 million shares valued at $900 million. Millennium also reduced put options by 19% to 2.5 million shares and trimmed call options by 10% to 1.5 million shares.
Amazon.com Inc. (NASDAQ:AMZN) bucked the trend with a 5% increase in common stock to 4.6 million shares. The firm significantly expanded put options by 23% to 10.5 million shares while maintaining call positions.
Millennium Management, with $73 billion under management, operates more than 330 trading teams across equities, commodities, and bonds within a tight risk framework. The firm has generated annualized returns of approximately 14% since inception, with its flagship fund gaining 15.1% in 2024 before declining 1.35% through April 2025, the FT report noted.
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