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 | |
|---|---|---|---|---|---|---|
2976
PUT
Labcorp
LH
$25.5B
| $4.62M | ﹤0.01% |
17,600
+12,100
| +220% | +$2.95M |
|
2977
PUT
TKO Group
TKO
$13.7B
| $4.6M | ﹤0.01% |
25,300
-99,800
| -80% | -$16M |
|
2978
Neurogene
NGNE
$651M
| $4.6M | ﹤0.01% |
307,805
+149,868
| +95% | +$2.35M |
|
2979
CACI
CACI
$10.8B
| $4.6M | ﹤0.01% |
9,644
-36,802
| -79% | -$16.3M |
|
2980
PUT
United Rentals
URI
$67.3B
| $4.6M | ﹤0.01% |
6,100
-1,100
| -15% | -$736K |
|
|
XRPNU
2981
Armada Acquisition Corp II Units
XRPNU
| $4.59M | ﹤0.01% |
+450,000
| New | +$4.54M |
|
|
DYNC
2982
Dynamix Corp
DYNC
$240M
| $4.59M | ﹤0.01% |
450,000
+300,000
| +200% | +$3.01M |
|
2983
CALL
Williams Companies
WMB
$87.1B
| $4.59M | ﹤0.01% |
73,000
-171,300
| -70% | -$10.1M |
|
2984
Arteris
AIP
$1.37B
| $4.58M | ﹤0.01% |
480,515
+199,778
| +71% | +$1.47M |
|
|
K
2985
CALL
DELISTED
Kellanova
K
| $4.56M | ﹤0.01% |
57,300
+5,200
| +10% | +$425K |
|
2986
Stepan Co
SCL
$1.45B
| $4.55M | ﹤0.01% |
83,389
+46,935
| +129% | +$2.48M |
|
2987
PUT
Edwards Lifesciences
EW
$49.5B
| $4.54M | ﹤0.01% |
58,100
+8,200
| +16% | +$612K |
|
2988
W.R. Berkley
WRB
$27.1B
| $4.54M | ﹤0.01% |
61,834
-87,983
| -59% | -$6.31M |
|
2989
Red Rock Resorts
RRR
$3.76B
| $4.54M | ﹤0.01% |
87,274
-342,876
| -80% | -$15.7M |
|
2990
Lindblad Expeditions
LIND
$1.95B
| $4.53M | ﹤0.01% |
387,868
+9,609
| +3% | +$95.2K |
|
2991
PUT
Illinois Tool Works
ITW
$82.5B
| $4.52M | ﹤0.01% |
18,300
-8,400
| -31% | -$2.03M |
|
2992
AnaptysBio
ANAB
$1.55B
| $4.52M | ﹤0.01% |
203,542
+185,735
| +1,043% | +$3.89M |
|
2993
CALL
Sable Offshore Corp
SOC
$972M
| $4.51M | ﹤0.01% |
+205,300
| New | +$4.78M |
|
2994
Enerpac Tool Group
EPAC
$1.84B
| $4.51M | ﹤0.01% |
+111,212
| New | +$4.68M |
|
2995
CALL
Dick's Sporting Goods
DKS
$17.6B
| $4.51M | ﹤0.01% |
22,800
+18,800
| +470% | +$3.48M |
|
2996
GCM Grosvenor
GCMG
$748M
| $4.51M | ﹤0.01% |
389,764
-188,213
| -33% | -$2.33M |
|
2997
PUT
Builders FirstSource
BLDR
$7.09B
| $4.5M | ﹤0.01% |
38,600
+13,800
| +56% | +$1.59M |
|
2998
Wave Life Sciences
WVE
$1.09B
| $4.5M | ﹤0.01% |
692,415
+666,193
| +2,541% | +$4.4M |
|
2999
PUT
FMC
FMC
$1.36B
| $4.5M | ﹤0.01% |
107,800
+42,900
| +66% | +$1.7M |
|
3000
CALL
Sysco
SYY
$40.9B
| $4.48M | ﹤0.01% |
59,200
-17,500
| -23% | -$1.27M |
|
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.