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 | |
|---|---|---|---|---|---|---|
|
CRGX
3001
DELISTED
CARGO Therapeutics
CRGX
| $4.48M | ﹤0.01% |
+1,088,299
| New | +$4.66M |
|
3002
Herbalife
HLF
$1.28B
| $4.48M | ﹤0.01% |
519,918
-1,030,671
| -66% | -$7.66M |
|
|
ZIMV
3003
DELISTED
ZimVie
ZIMV
| $4.48M | ﹤0.01% |
479,285
-228,486
| -32% | -$2.09M |
|
3004
Worthington Enterprises
WOR
$2.76B
| $4.48M | ﹤0.01% |
70,363
-282,123
| -80% | -$15.6M |
|
3005
PUT
McCormick & Company Non-Voting
MKC
$13.7B
| $4.47M | ﹤0.01% |
58,900
+51,500
| +696% | +$3.86M |
|
3006
PUT
MGM Resorts International
MGM
$11.4B
| $4.46M | ﹤0.01% |
129,800
-94,100
| -42% | -$2.98M |
|
3007
CALL
Upstart Holdings
UPST
$2.64B
| $4.46M | ﹤0.01% |
69,000
-36,600
| -35% | -$1.79M |
|
3008
Centrus Energy
LEU
$3.53B
| $4.46M | ﹤0.01% |
24,359
-8,119
| -25% | -$867K |
|
3009
CALL
Public Service Enterprise Group
PEG
$38.3B
| $4.46M | ﹤0.01% |
53,000
-26,000
| -33% | -$2.1M |
|
3010
CALL
Coherent
COHR
$51.9B
| $4.46M | ﹤0.01% |
50,000
-59,500
| -54% | -$4.28M |
|
3011
PUT
BHP
BHP
$215B
| $4.45M | ﹤0.01% |
92,600
-17,800
| -16% | -$856K |
|
3012
CALL
Transmedics
TMDX
$2.62B
| $4.45M | ﹤0.01% |
33,200
-7,300
| -18% | -$802K |
|
|
BWIN
3013
Baldwin Insurance Group
BWIN
$2.73B
| $4.45M | ﹤0.01% |
103,906
-150,828
| -59% | -$6.12M |
|
3014
CALL
VICI Properties
VICI
$28.8B
| $4.44M | ﹤0.01% |
136,200
+26,200
| +24% | +$834K |
|
|
PAL
3015
Proficient Auto Logistics
PAL
$188M
| $4.44M | ﹤0.01% |
611,108
-23,169
| -4% | -$181K |
|
3016
Philips
PHG
$25.6B
| $4.43M | ﹤0.01% |
191,792
-925,036
| -83% | -$20.7M |
|
3017
America Movil
AMX
$76.4B
| $4.43M | ﹤0.01% |
246,887
-1,200,145
| -83% | -$19.9M |
|
3018
PUT
Check Point Software Technologies
CHKP
$13.2B
| $4.42M | ﹤0.01% |
20,000
-10,000
| -33% | -$2.2M |
|
3019
Artivion
AORT
$1.3B
| $4.42M | ﹤0.01% |
142,237
-18,081
| -11% | -$489K |
|
3020
CALL
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
| $4.42M | ﹤0.01% |
54,600
-47,100
| -46% | -$3.82M |
|
3021
CALL
Iron Mountain
IRM
$36.7B
| $4.42M | ﹤0.01% |
43,100
-12,600
| -23% | -$1.19M |
|
3022
VanEck Oil Services ETF
OIH
$2.06B
| $4.42M | ﹤0.01% |
19,191
-58,149
| -75% | -$13.1M |
|
3023
CALL
Steel Dynamics
STLD
$36.3B
| $4.42M | ﹤0.01% |
34,500
-193,800
| -85% | -$24.7M |
|
|
GAMB
3024
DELISTED
Gambling.com
GAMB
| $4.41M | ﹤0.01% |
371,001
+162,323
| +78% | +$2M |
|
|
LTM
3025
LATAM Airlines Group S.A.
LTM
$15.2B
| $4.41M | ﹤0.01% |
108,499
+23,267
| +27% | +$805K |
|
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.