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 | |
|---|---|---|---|---|---|---|
2826
Universal Insurance Holdings
UVE
$1.23B
| $5.3M | ﹤0.01% |
190,967
-152,819
| -44% | -$3.88M |
|
|
FITB
2827
CALL
Fifth Third Bancorp
FITB
$51.3B
| $5.29M | ﹤0.01% |
128,600
+58,600
| +84% | +$2.2M |
|
2828
Claros Mortgage Trust
CMTG
$257M
| $5.29M | ﹤0.01% |
1,855,776
+974,492
| +111% | +$2.61M |
|
2829
CALL
Huntington Ingalls Industries
HII
$12.6B
| $5.29M | ﹤0.01% |
21,900
-5,800
| -21% | -$1.3M |
|
2830
PUT
Arthur J. Gallagher & Co
AJG
$65.9B
| $5.28M | ﹤0.01% |
16,500
-11,500
| -41% | -$3.79M |
|
2831
CALL
Archer Daniels Midland
ADM
$38.9B
| $5.28M | ﹤0.01% |
100,000
+79,100
| +378% | +$3.85M |
|
|
AMWD
2832
DELISTED
American Woodmark
AMWD
| $5.28M | ﹤0.01% |
98,876
-101,781
| -51% | -$5.75M |
|
|
CSR
2833
Centerspace
CSR
$941M
| $5.26M | ﹤0.01% |
87,438
-96,613
| -52% | -$5.93M |
|
2834
CALL
TE Connectivity
TEL
$59.9B
| $5.26M | ﹤0.01% |
+31,200
| New | +$4.74M |
|
2835
PUT
Interactive Brokers
IBKR
$40.3B
| $5.25M | ﹤0.01% |
94,800
-50,000
| -35% | -$2.37M |
|
2836
Business First Bancshares
BFST
$1.04B
| $5.24M | ﹤0.01% |
212,742
+53,261
| +33% | +$1.25M |
|
|
SFBS
2837
ServisFirst Bancshares
SFBS
$4.88B
| $5.24M | ﹤0.01% |
67,587
-78,855
| -54% | -$5.82M |
|
2838
PUT
PNC Financial Services
PNC
$99.2B
| $5.24M | ﹤0.01% |
28,100
+13,900
| +98% | +$2.35M |
|
2839
CALL
Trip.com Group
TCOM
$29.3B
| $5.24M | ﹤0.01% |
89,300
+32,500
| +57% | +$1.95M |
|
2840
iShares Silver Trust
SLV
$28.6B
| $5.22M | ﹤0.01% |
159,208
-139,900
| -47% | -$4.28M |
|
2841
CALL
Becton Dickinson
BDX
$45.6B
| $5.22M | ﹤0.01% |
30,300
-75,900
| -71% | -$13.9M |
|
2842
CALL
General Mills
GIS
$19.4B
| $5.22M | ﹤0.01% |
100,700
-302,400
| -75% | -$16.7M |
|
|
SNCY
2843
DELISTED
Sun Country Airlines
SNCY
| $5.22M | ﹤0.01% |
444,016
+71,955
| +19% | +$791K |
|
2844
Descartes Systems
DSGX
$6.39B
| $5.22M | ﹤0.01% |
51,366
-7,633
| -13% | -$805K |
|
2845
CALL
Kinross Gold
KGC
$28B
| $5.21M | ﹤0.01% |
333,400
-54,300
| -14% | -$790K |
|
2846
CALL
Tenet Healthcare
THC
$20.3B
| $5.21M | ﹤0.01% |
29,600
-13,700
| -32% | -$2.06M |
|
|
BEAG
2847
Bold Eagle Acquisition Corp
BEAG
$334M
| $5.21M | ﹤0.01% |
497,140
-202,362
| -29% | -$2.1M |
|
2848
Mercury Insurance
MCY
$5.91B
| $5.2M | ﹤0.01% |
77,216
-34,111
| -31% | -$2.03M |
|
2849
PUT
Constellation Brands
STZ
$22.3B
| $5.19M | ﹤0.01% |
31,900
-6,300
| -16% | -$1.13M |
|
2850
PUT
Bath & Body Works
BBWI
$4.02B
| $5.19M | ﹤0.01% |
173,200
+115,800
| +202% | +$3.39M |
|
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.