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 | |
|---|---|---|---|---|---|---|
3151
CALL
MGM Resorts International
MGM
$11.4B
| $3.84M | ﹤0.01% |
111,800
-41,300
| -27% | -$1.31M |
|
|
AII
3152
American Integrity Insurance
AII
$397M
| $3.84M | ﹤0.01% |
+209,060
| New | +$3.53M |
|
3153
ArriVent BioPharma
AVBP
$1.39B
| $3.84M | ﹤0.01% |
176,169
+18,111
| +11% | +$376K |
|
3154
PUT
Replimune Group
REPL
$941M
| $3.83M | ﹤0.01% |
+412,700
| New | +$3.6M |
|
3155
Kyndryl
KD
$2.99B
| $3.82M | ﹤0.01% |
91,141
+80,237
| +736% | +$2.9M |
|
3156
Barnes & Noble Education
BNED
$431M
| $3.81M | ﹤0.01% |
324,123
-27,443
| -8% | -$293K |
|
3157
LifeVantage
LFVN
$81.1M
| $3.81M | ﹤0.01% |
291,505
+91,001
| +45% | +$1.18M |
|
3158
LegalZoom.com
LZ
$1.35B
| $3.8M | ﹤0.01% |
426,294
-6,343
| -1% | -$53.1K |
|
3159
CALL
Teradyne
TER
$57.6B
| $3.79M | ﹤0.01% |
42,200
-24,500
| -37% | -$1.96M |
|
3160
PUT
Huntington Ingalls Industries
HII
$12.9B
| $3.79M | ﹤0.01% |
15,700
+3,800
| +32% | +$849K |
|
3161
StoneCo
STNE
$2.77B
| $3.79M | ﹤0.01% |
236,289
-710,025
| -75% | -$9.47M |
|
|
HDSN
3162
Hudson Technologies
HDSN
$254M
| $3.79M | ﹤0.01% |
466,725
+125,322
| +37% | +$860K |
|
3163
CALL
PPG Industries
PPG
$24.6B
| $3.79M | ﹤0.01% |
33,300
-98,900
| -75% | -$10.7M |
|
|
LOKVU
3164
DELISTED
Live Oak Acquisition Corp V Units
LOKVU
| $3.79M | ﹤0.01% |
341,200
-458,800
| -57% | -$4.77M |
|
3165
iShares MSCI USA Min Vol Factor ETF
USMV
$23.5B
| $3.79M | ﹤0.01% |
+40,334
| New | +$3.71M |
|
3166
Wingstop
WING
$3.53B
| $3.77M | ﹤0.01% |
11,189
-98,468
| -90% | -$29.1M |
|
3167
ZipRecruiter
ZIP
$321M
| $3.77M | ﹤0.01% |
751,962
+739,009
| +5,705% | +$4.04M |
|
3168
Hovnanian Enterprises
HOV
$726M
| $3.77M | ﹤0.01% |
+36,018
| New | +$3.53M |
|
3169
PUT
Lumentum
LITE
$55.5B
| $3.76M | ﹤0.01% |
39,600
+18,200
| +85% | +$1.29M |
|
3170
PUT
Consolidated Edison
ED
$40.1B
| $3.76M | ﹤0.01% |
37,500
-3,500
| -9% | -$371K |
|
3171
PUT
Franco-Nevada
FNV
$41.1B
| $3.75M | ﹤0.01% |
22,900
+9,300
| +68% | +$1.54M |
|
3172
PUT
KE Holdings
BEKE
$18.7B
| $3.75M | ﹤0.01% |
211,200
-92,700
| -31% | -$1.78M |
|
3173
Recursion Pharmaceuticals
RXRX
$1.59B
| $3.74M | ﹤0.01% |
739,408
+237,300
| +47% | +$1.17M |
|
3174
iShares MSCI South Korea ETF
EWY
$21.9B
| $3.74M | ﹤0.01% |
52,106
+28,729
| +123% | +$1.72M |
|
3175
Usana Health Sciences
USNA
$408M
| $3.74M | ﹤0.01% |
122,488
-7,122
| -5% | -$202K |
|
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.