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 |
Applovin
APP
|
+$751M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$692M |
| 3 |
Palantir
PLTR
|
+$434M |
| 4 |
Union Pacific
UNP
|
+$377M |
| 5 |
AbbVie
ABBV
|
+$367M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$1.74B |
| 2 |
Meta Platforms (Facebook)
META
|
+$602M |
| 3 |
Bank of America
BAC
|
+$600M |
| 4 |
Wells Fargo
WFC
|
+$568M |
| 5 |
Broadcom
AVGO
|
+$538M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.73% |
| 2 | Financials | 7.42% |
| 3 | Healthcare | 6.65% |
| 4 | Industrials | 6.3% |
| 5 | Consumer Discretionary | 5.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2551
PUT
Lyft
LYFT
$5.9B
| $6.88M | ﹤0.01% |
436,700
-4,700
| -1% | -$65.8K |
|
2552
Mercantile Bank Corp
MBWM
$1.03B
| $6.87M | ﹤0.01% |
148,010
+81,707
| +123% | +$3.54M |
|
2553
PUT
KraneShares CSI China Internet ETF
KWEB
$5.55B
| $6.87M | ﹤0.01% |
200,000
-400,600
| -67% | -$13.3M |
|
2554
CALL
Phillips 66
PSX
$84.4B
| $6.86M | ﹤0.01% |
57,500
-22,100
| -28% | -$2.48M |
|
2555
CALL
American International
AIG
$41.8B
| $6.86M | ﹤0.01% |
80,100
+54,300
| +210% | +$4.52M |
|
2556
PUT
Veeva Systems
VEEV
$32.7B
| $6.85M | ﹤0.01% |
23,800
-14,300
| -38% | -$3.55M |
|
2557
Sabra Healthcare REIT
SBRA
$5.38B
| $6.85M | ﹤0.01% |
371,607
+35,215
| +10% | +$625K |
|
2558
Astec Industries
ASTE
$1.18B
| $6.85M | ﹤0.01% |
164,315
+15,964
| +11% | +$606K |
|
2559
Healthpeak Properties
DOC
$15.2B
| $6.84M | ﹤0.01% |
390,765
-652,585
| -63% | -$11.6M |
|
2560
Knowles
KN
$3.08B
| $6.82M | ﹤0.01% |
387,123
+306,467
| +380% | +$4.95M |
|
|
FLG
2561
CALL
Flagstar Bank National Association
FLG
$5.94B
| $6.82M | ﹤0.01% |
2,891,800
-10,000
| -0.3% | -$114K |
|
2562
Monro
MNRO
$421M
| $6.82M | ﹤0.01% |
457,343
+444,497
| +3,460% | +$6.4M |
|
2563
PUT
Monster Beverage
MNST
$95.5B
| $6.81M | ﹤0.01% |
108,700
-328,300
| -75% | -$20.1M |
|
2564
CALL
Synchrony
SYF
$25.1B
| $6.81M | ﹤0.01% |
102,000
+55,800
| +121% | +$3.12M |
|
2565
PUT
Biogen
BIIB
$30.7B
| $6.81M | ﹤0.01% |
54,200
-21,200
| -28% | -$2.64M |
|
2566
CALL
L3Harris
LHX
$50.7B
| $6.8M | ﹤0.01% |
27,100
-8,600
| -24% | -$1.98M |
|
2567
PUT
Clorox
CLX
$11.7B
| $6.8M | ﹤0.01% |
56,600
+47,800
| +543% | +$6.38M |
|
2568
CALL
Cardinal Health
CAH
$53.2B
| $6.79M | ﹤0.01% |
40,400
-39,400
| -49% | -$5.85M |
|
2569
Taysha Gene Therapies
TSHA
$1.69B
| $6.78M | ﹤0.01% |
2,935,728
+1,163,074
| +66% | +$2.53M |
|
2570
CALL
Truist Financial
TFC
$63.5B
| $6.78M | ﹤0.01% |
157,700
+73,500
| +87% | +$2.88M |
|
2571
Aaon
AAON
$7.17B
| $6.77M | ﹤0.01% |
91,809
+10,664
| +13% | +$935K |
|
2572
CALL
Travelers Companies
TRV
$78.4B
| $6.77M | ﹤0.01% |
25,300
-48,600
| -66% | -$12.8M |
|
2573
XPeng
XPEV
$12.4B
| $6.77M | ﹤0.01% |
378,438
-3,008,139
| -89% | -$58.7M |
|
2574
PUT
Vale
VALE
$63.8B
| $6.76M | ﹤0.01% |
696,600
+356,100
| +105% | +$3.35M |
|
2575
CALL
Best Buy
BBY
$18.5B
| $6.76M | ﹤0.01% |
100,700
+18,300
| +22% | +$1.24M |
|
Similar funds
Millennium Management's Q2 2025 Portfolio in Review
As of Q2 2025, Millennium Management held 6,516 positions worth $207B, up 10% from $188B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Millennium Management's Q2 2025 filing shows 738 new, 2,295 increased, 2,418 reduced and 712 closed positions. Its largest new stake was Bank of America Series L: 164,000 shares worth $197K. The largest sale was iShares Core S&P 500 ETF, an estimated $1.74B.
By sector, the portfolio is most concentrated in Technology at 8.7% of assets, up from 7.8% a quarter earlier, followed by Financials and Healthcare.
- Millennium Management's largest Q2 2025 buy was Bank of America Series L: 164,000 shares worth $197K.
- Millennium Management added most to Applovin in Q2 2025, an estimated $751M increase.
- Millennium Management's biggest Q2 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $1.74B.
- Millennium Management fully exited Discover Financial Services in Q2 2025, selling an estimated $282M.
- Millennium Management's ten largest holdings make up 16% of its $207B portfolio in Q2 2025.
- Millennium Management opened 738 new positions and closed 712 in Q2 2025.
- Millennium Management's portfolio value rose 10% quarter-over-quarter to $207B.
Based on Millennium Management's 13F filing for Q2 2025, filed 14 Aug 2025.