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 | |
|---|---|---|---|---|---|---|
2726
CALL
Ball Corp
BALL
$17.4B
| $5.83M | ﹤0.01% |
+103,900
| New | +$5.43M |
|
2727
CALL
Brinker International
EAT
$9B
| $5.82M | ﹤0.01% |
32,300
+2,200
| +7% | +$345K |
|
2728
Interface
TILE
$1.96B
| $5.82M | ﹤0.01% |
278,034
+219,272
| +373% | +$4.34M |
|
2729
CALL
Moody's
MCO
$83.5B
| $5.82M | ﹤0.01% |
11,600
-10,900
| -48% | -$5.05M |
|
2730
Tiptree Inc
TIPT
$655M
| $5.82M | ﹤0.01% |
246,676
+78,712
| +47% | +$1.76M |
|
2731
CALL
CME Group
CME
$96.1B
| $5.82M | ﹤0.01% |
21,100
-21,300
| -50% | -$5.79M |
|
2732
CALL
Aon
AON
$78.3B
| $5.82M | ﹤0.01% |
16,300
-4,600
| -22% | -$1.67M |
|
2733
Matrix Service
MTRX
$320M
| $5.81M | ﹤0.01% |
+430,207
| New | +$5.19M |
|
2734
VanEck Gold Miners ETF
GDX
$23.5B
| $5.81M | ﹤0.01% |
111,516
-513,703
| -82% | -$25.5M |
|
2735
CALL
Logitech
LOGI
$14.6B
| $5.78M | ﹤0.01% |
72,400
-52,100
| -42% | -$4.23M |
|
2736
PUT
Etsy
ETSY
$7.89B
| $5.77M | ﹤0.01% |
115,100
-116,100
| -50% | -$5.77M |
|
2737
Global Industrial
GIC
$1.35B
| $5.77M | ﹤0.01% |
213,661
+64,942
| +44% | +$1.63M |
|
2738
Brunswick
BC
$5.18B
| $5.77M | ﹤0.01% |
104,434
+71,917
| +221% | +$3.63M |
|
2739
Heritage Insurance Holdings
HRTG
$907M
| $5.77M | ﹤0.01% |
231,279
-91,678
| -28% | -$1.96M |
|
|
CTRA
2740
PUT
DELISTED
Coterra Energy
CTRA
| $5.76M | ﹤0.01% |
227,000
-177,300
| -44% | -$4.5M |
|
2741
PUT
Trip.com Group
TCOM
$29.3B
| $5.76M | ﹤0.01% |
98,200
+71,000
| +261% | +$4.27M |
|
2742
Green Plains
GPRE
$1.21B
| $5.76M | ﹤0.01% |
954,840
-147,775
| -13% | -$651K |
|
2743
CALL
Spotify
SPOT
$107B
| $5.76M | ﹤0.01% |
7,500
-17,400
| -70% | -$11.2M |
|
2744
Rocket Pharmaceuticals
RCKT
$351M
| $5.75M | ﹤0.01% |
2,348,837
+1,601,690
| +214% | +$8.11M |
|
2745
PUT
STMicroelectronics
STM
$47.3B
| $5.75M | ﹤0.01% |
189,000
-230,400
| -55% | -$5.72M |
|
2746
Fox Class A
FOXA
$24.7B
| $5.74M | ﹤0.01% |
102,463
-430,199
| -81% | -$22.7M |
|
2747
PUT
Snap
SNAP
$7.89B
| $5.74M | ﹤0.01% |
660,100
+77,000
| +13% | +$639K |
|
2748
PureCycle Technologies
PCT
$1.27B
| $5.73M | ﹤0.01% |
418,596
-126,170
| -23% | -$1.12M |
|
2749
Fortinet
FTNT
$113B
| $5.72M | ﹤0.01% |
54,095
-1,702,131
| -97% | -$172M |
|
2750
MasterBrand
MBC
$1.04B
| $5.71M | ﹤0.01% |
522,394
+500,383
| +2,273% | +$5.54M |
|
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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.