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 | |
|---|---|---|---|---|---|---|
3201
Euroseas
ESEA
$557M
| $3.66M | ﹤0.01% |
81,791
+19,652
| +32% | +$718K |
|
3202
CALL
SentinelOne
S
$6.53B
| $3.66M | ﹤0.01% |
200,000
+152,700
| +323% | +$2.79M |
|
3203
Vipshop
VIPS
$7.37B
| $3.65M | ﹤0.01% |
242,690
-1,144,295
| -83% | -$16.2M |
|
3204
Baidu
BIDU
$37.7B
| $3.65M | ﹤0.01% |
42,548
-514,337
| -92% | -$44.4M |
|
3205
CALL
Grab
GRAB
$14.3B
| $3.65M | ﹤0.01% |
782,284
+574,900
| +277% | +$2.68M |
|
3206
Phreesia
PHR
$663M
| $3.65M | ﹤0.01% |
128,099
-140,090
| -52% | -$3.56M |
|
3207
Dianthus Therapeutics
DNTH
$5.84B
| $3.64M | ﹤0.01% |
+195,357
| New | +$3.66M |
|
3208
PUT
Transmedics
TMDX
$2.64B
| $3.63M | ﹤0.01% |
27,100
-7,700
| -22% | -$845K |
|
3209
Aramark
ARMK
$15B
| $3.63M | ﹤0.01% |
86,652
-197,771
| -70% | -$7.34M |
|
3210
CALL
Paylocity
PCTY
$7.38B
| $3.62M | ﹤0.01% |
+20,000
| New | +$3.75M |
|
3211
CALL
TKO Group
TKO
$13.6B
| $3.6M | ﹤0.01% |
19,800
+6,500
| +49% | +$1.04M |
|
3212
Varex Imaging
VREX
$472M
| $3.6M | ﹤0.01% |
415,519
-40,440
| -9% | -$330K |
|
3213
Lightwave Logic
LWLG
$995M
| $3.6M | ﹤0.01% |
2,904,468
+2,865,735
| +7,399% | +$3.01M |
|
3214
Dolby
DLB
$5.56B
| $3.6M | ﹤0.01% |
48,460
+9,312
| +24% | +$697K |
|
3215
CALL
Wheaton Precious Metals
WPM
$49.5B
| $3.59M | ﹤0.01% |
40,000
+10,100
| +34% | +$850K |
|
|
HOUS
3216
DELISTED
Anywhere Real Estate
HOUS
| $3.59M | ﹤0.01% |
992,074
+555,636
| +127% | +$1.94M |
|
3217
Bausch + Lomb
BLCO
$6.04B
| $3.58M | ﹤0.01% |
274,797
+249,049
| +967% | +$3M |
|
3218
PUT
Emerson Electric
EMR
$83.9B
| $3.57M | ﹤0.01% |
26,800
+11,200
| +72% | +$1.28M |
|
3219
Ero Copper
ERO
$2.81B
| $3.57M | ﹤0.01% |
211,355
+188,017
| +806% | +$2.54M |
|
3220
Papa John's
PZZA
$984M
| $3.57M | ﹤0.01% |
72,902
-463,289
| -86% | -$18.9M |
|
|
JCAP
3221
Jefferson Capital
JCAP
$1.24B
| $3.57M | ﹤0.01% |
+193,341
| New | +$3.61M |
|
|
EGHAU
3222
EGH Acquisition Corp Unit
EGHAU
| $3.57M | ﹤0.01% |
+350,000
| New | +$3.54M |
|
3223
Phinia Inc
PHIN
$2.72B
| $3.56M | ﹤0.01% |
80,053
-120,453
| -60% | -$5.08M |
|
3224
CALL
STMicroelectronics
STM
$46.7B
| $3.56M | ﹤0.01% |
117,100
-200,400
| -63% | -$4.97M |
|
3225
CALL
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.42B
| $3.56M | ﹤0.01% |
59,600
-462,100
| -89% | -$26.4M |
|
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.