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 | |
|---|---|---|---|---|---|---|
|
UROY
2901
Uranium Royalty Corp
UROY
$1.28B
| $4.98M | ﹤0.01% |
1,993,195
+1,877,146
| +1,618% | +$3.8M |
|
2902
PUT
iShares MSCI Brazil ETF
EWZ
$9.25B
| $4.98M | ﹤0.01% |
172,500
-1,101,200
| -86% | -$29.7M |
|
2903
AES
AES
$10.5B
| $4.97M | ﹤0.01% |
472,499
-1,454,668
| -75% | -$15.6M |
|
2904
indie Semiconductor
INDI
$682M
| $4.97M | ﹤0.01% |
1,395,764
-2,306,907
| -62% | -$5.81M |
|
2905
CALL
Amplitude
AMPL
$1.16B
| $4.96M | ﹤0.01% |
+400,400
| New | +$4.33M |
|
2906
CALL
Yum! Brands
YUM
$42.3B
| $4.96M | ﹤0.01% |
33,500
-35,600
| -52% | -$5.2M |
|
2907
PUT
Tenet Healthcare
THC
$20.4B
| $4.96M | ﹤0.01% |
28,200
-19,900
| -41% | -$3M |
|
2908
Turkcell
TKC
$4.67B
| $4.96M | ﹤0.01% |
819,710
+496,079
| +153% | +$3.01M |
|
2909
Afya
AFYA
$1.3B
| $4.96M | ﹤0.01% |
277,600
+218,879
| +373% | +$4M |
|
2910
National Grid
NGG
$80.5B
| $4.95M | ﹤0.01% |
+67,520
| New | +$4.64M |
|
2911
Janux Therapeutics
JANX
$920M
| $4.95M | ﹤0.01% |
214,362
+132,089
| +161% | +$3.48M |
|
2912
Tootsie Roll Industries
TR
$2.95B
| $4.95M | ﹤0.01% |
152,411
+131,872
| +642% | +$4.23M |
|
|
IRS
2913
IRSA Inversiones y Representaciones
IRS
$1.29B
| $4.93M | ﹤0.01% |
354,260
+27,951
| +9% | +$398K |
|
2914
CALL
Republic Services
RSG
$64.8B
| $4.93M | ﹤0.01% |
20,000
+3,500
| +21% | +$865K |
|
2915
N-able
NABL
$850M
| $4.92M | ﹤0.01% |
607,755
+503,393
| +482% | +$3.76M |
|
2916
CALL
nVent Electric
NVT
$25.4B
| $4.92M | ﹤0.01% |
67,100
-35,900
| -35% | -$2.21M |
|
2917
Gold Royalty Corp
GROY
$605M
| $4.91M | ﹤0.01% |
2,223,226
+1,603,953
| +259% | +$2.81M |
|
2918
PUT
Allstate
ALL
$68.5B
| $4.91M | ﹤0.01% |
24,400
-6,600
| -21% | -$1.32M |
|
2919
Ocugen
OCGN
$420M
| $4.91M | ﹤0.01% |
5,058,926
+4,977,618
| +6,122% | +$4.13M |
|
2920
CALL
KeyCorp
KEY
$24.3B
| $4.91M | ﹤0.01% |
281,600
+82,700
| +42% | +$1.28M |
|
2921
CALL
AeroVironment
AVAV
$7.55B
| $4.9M | ﹤0.01% |
17,200
-900
| -5% | -$152K |
|
2922
PUT
CF Industries
CF
$19.2B
| $4.89M | ﹤0.01% |
53,200
-49,900
| -48% | -$4.25M |
|
2923
CALL
IQVIA
IQV
$38.5B
| $4.89M | ﹤0.01% |
31,000
+28,100
| +969% | +$4.23M |
|
2924
CALL
Ares Management
ARES
$28.6B
| $4.88M | ﹤0.01% |
28,200
+14,200
| +101% | +$2.25M |
|
|
MTAL
2925
DELISTED
Metals Acquisition
MTAL
| $4.88M | ﹤0.01% |
403,563
+283,331
| +236% | +$2.93M |
|
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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.