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 | |
|---|---|---|---|---|---|---|
2676
Powell Industries
POWL
$7.63B
| $6.19M | ﹤0.01% |
88,191
+57,747
| +190% | +$3.48M |
|
2677
GrafTech
EAF
$169M
| $6.18M | ﹤0.01% |
635,873
+606,274
| +2,048% | +$5.36M |
|
2678
CALL
Braze
BRZE
$2.82B
| $6.18M | ﹤0.01% |
220,000
+30,000
| +16% | +$949K |
|
2679
Equity Residential
EQR
$25.2B
| $6.18M | ﹤0.01% |
91,592
-175,692
| -66% | -$12.1M |
|
2680
CALL
DexCom
DXCM
$28.8B
| $6.18M | ﹤0.01% |
70,800
-261,300
| -79% | -$20.5M |
|
2681
Gibraltar Industries
ROCK
$1.27B
| $6.18M | ﹤0.01% |
104,713
+54,677
| +109% | +$3.13M |
|
2682
Trimble
TRMB
$13.3B
| $6.17M | ﹤0.01% |
81,265
-5,151
| -6% | -$346K |
|
2683
PUT
EQT Corp
EQT
$33B
| $6.16M | ﹤0.01% |
105,700
+1,300
| +1% | +$70.1K |
|
2684
Build-A-Bear
BBW
$442M
| $6.13M | ﹤0.01% |
118,936
+39,323
| +49% | +$1.66M |
|
2685
CALL
iShares MSCI Brazil ETF
EWZ
$9.25B
| $6.13M | ﹤0.01% |
212,500
-1,001,200
| -82% | -$27M |
|
2686
John Wiley & Sons Class A
WLY
$2.66B
| $6.12M | ﹤0.01% |
137,232
+115,032
| +518% | +$4.85M |
|
2687
Teladoc Health
TDOC
$1.19B
| $6.12M | ﹤0.01% |
702,599
+189,143
| +37% | +$1.37M |
|
|
WBA
2688
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $6.12M | ﹤0.01% |
532,800
+122,100
| +30% | +$1.36M |
|
2689
Flywire
FLYW
$2.01B
| $6.11M | ﹤0.01% |
522,510
-808,461
| -61% | -$8.23M |
|
2690
Verra Mobility
VRRM
$781M
| $6.11M | ﹤0.01% |
240,471
-134,950
| -36% | -$3.14M |
|
|
NETD
2691
DELISTED
Nabors Energy Transition Corp II
NETD
| $6.11M | ﹤0.01% |
550,000
| – | – |
|
2692
PUT
T. Rowe Price
TROW
$25.6B
| $6.1M | ﹤0.01% |
63,200
+5,200
| +9% | +$478K |
|
2693
Bread Financial
BFH
$4.47B
| $6.1M | ﹤0.01% |
106,741
-239,161
| -69% | -$12.1M |
|
2694
Marathon Digital Holdings
MARA
$4.51B
| $6.07M | ﹤0.01% |
+386,806
| New | +$5.54M |
|
2695
PUT
State Street SPDR S&P Metals & Mining ETF
XME
$3.92B
| $6.05M | ﹤0.01% |
90,000
-190,000
| -68% | -$11.3M |
|
2696
Neogen
NEOG
$2.51B
| $6.04M | ﹤0.01% |
1,263,166
-1,131,362
| -47% | -$6.49M |
|
|
HSII
2697
DELISTED
Heidrick & Struggles
HSII
| $6.04M | ﹤0.01% |
131,946
+101,254
| +330% | +$4.25M |
|
2698
Annexon
ANNX
$863M
| $6.03M | ﹤0.01% |
2,514,134
+2,338,831
| +1,334% | +$4.69M |
|
2699
Hain Celestial
HAIN
$44.4M
| $6.03M | ﹤0.01% |
3,966,816
-764,874
| -16% | -$1.79M |
|
2700
PUT
Elevance Health
ELV
$81.6B
| $6.03M | ﹤0.01% |
15,500
-11,300
| -42% | -$4.55M |
|
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.