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 | |
|---|---|---|---|---|---|---|
3076
PUT
American Electric Power
AEP
$69.6B
| $4.16M | ﹤0.01% |
40,100
-23,900
| -37% | -$2.49M |
|
3077
Cerus
CERS
$431M
| $4.16M | ﹤0.01% |
2,950,761
-271,566
| -8% | -$362K |
|
|
FERAU
3078
Fifth Era Acquisition Corp I Units
FERAU
$220M
| $4.16M | ﹤0.01% |
400,000
-200,000
| -33% | -$2.04M |
|
3079
PUT
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.42B
| $4.16M | ﹤0.01% |
69,600
+47,900
| +221% | +$2.74M |
|
|
BNY
3080
CALL
Bank of New York Mellon
BNY
$106B
| $4.15M | ﹤0.01% |
45,600
+10,600
| +30% | +$900K |
|
3081
PUT
ArcelorMittal
MT
$52.9B
| $4.15M | ﹤0.01% |
131,300
-35,800
| -21% | -$1.06M |
|
|
RAC.U
3082
Rithm Acquisition Corp Units
RAC.U
| $4.14M | ﹤0.01% |
400,000
-449,358
| -53% | -$4.56M |
|
3083
CALL
Verisk Analytics
VRSK
$25.4B
| $4.14M | ﹤0.01% |
13,300
-1,700
| -11% | -$515K |
|
3084
PUT
Howmet Aerospace
HWM
$113B
| $4.13M | ﹤0.01% |
22,200
-42,100
| -65% | -$6.48M |
|
3085
Pinduoduo
PDD
$126B
| $4.13M | ﹤0.01% |
39,456
+3,138
| +9% | +$329K |
|
3086
Editas Medicine
EDIT
$396M
| $4.13M | ﹤0.01% |
1,876,440
+1,590,955
| +557% | +$2.6M |
|
3087
CALL
PJT Partners
PJT
$4.35B
| $4.13M | ﹤0.01% |
+25,000
| New | +$3.63M |
|
3088
Bruker
BRKR
$9.57B
| $4.12M | ﹤0.01% |
99,979
-102,323
| -51% | -$3.95M |
|
3089
PUT
Ferguson
FERG
$45.4B
| $4.12M | ﹤0.01% |
18,900
-3,900
| -17% | -$718K |
|
3090
Hyster-Yale Materials Handling
HY
$599M
| $4.11M | ﹤0.01% |
103,435
-16,125
| -13% | -$642K |
|
3091
VSE Corp
VSEC
$5.45B
| $4.11M | ﹤0.01% |
31,409
+26,317
| +517% | +$3.28M |
|
3092
PUT
NetApp
NTAP
$35B
| $4.11M | ﹤0.01% |
38,600
-62,900
| -62% | -$5.97M |
|
3093
Vaalco Energy
EGY
$570M
| $4.11M | ﹤0.01% |
1,137,677
+314,071
| +38% | +$1.09M |
|
3094
BWX Technologies
BWXT
$15.5B
| $4.1M | ﹤0.01% |
28,488
-154,506
| -84% | -$18.1M |
|
3095
WesBanco
WSBC
$3.97B
| $4.1M | ﹤0.01% |
129,527
+114,518
| +763% | +$3.46M |
|
3096
CALL
Crocs
CROX
$6.36B
| $4.09M | ﹤0.01% |
40,400
+18,900
| +88% | +$1.93M |
|
3097
Simpson Manufacturing
SSD
$7.72B
| $4.08M | ﹤0.01% |
26,297
+23,765
| +939% | +$3.68M |
|
3098
CALL
AutoZone
AZO
$49.2B
| $4.08M | ﹤0.01% |
+1,100
| New | +$4.05M |
|
3099
Compass Diversified
CODI
$758M
| $4.07M | ﹤0.01% |
648,101
+482,517
| +291% | +$5.37M |
|
3100
PUT
Cummins
CMI
$87.5B
| $4.06M | ﹤0.01% |
12,400
-2,200
| -15% | -$681K |
|
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.