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 | |
|---|---|---|---|---|---|---|
3226
Hilton Worldwide
HLT
$72.1B
| $3.56M | ﹤0.01% |
13,366
-83,239
| -86% | -$19.8M |
|
3227
Oric Pharmaceuticals
ORIC
$1.15B
| $3.56M | ﹤0.01% |
350,535
+296,552
| +549% | +$1.99M |
|
|
BBUC
3228
Brookfield Business Corp Class A Subordinate Voting Shares
BBUC
$6.12B
| $3.55M | ﹤0.01% |
+113,666
| New | +$3.11M |
|
3229
Towne Bank
TOWN
$3.46B
| $3.55M | ﹤0.01% |
103,917
-277,844
| -73% | -$9.27M |
|
3230
Cardiff Oncology
CRDF
$66.5M
| $3.55M | ﹤0.01% |
1,126,670
+462,190
| +70% | +$1.41M |
|
3231
Howard Hughes
HHH
$3.81B
| $3.55M | ﹤0.01% |
52,565
-113,361
| -68% | -$7.75M |
|
|
AGNT
3232
AGNT Inc
AGNT
$666M
| $3.55M | ﹤0.01% |
389,674
-515,849
| -57% | -$4.5M |
|
3233
PUT
Trane Technologies
TT
$101B
| $3.54M | ﹤0.01% |
8,100
+6,600
| +440% | +$2.6M |
|
3234
CALL
Southwest Airlines
LUV
$22B
| $3.54M | ﹤0.01% |
109,200
-388,800
| -78% | -$11.7M |
|
3235
PUT
Southern Copper
SCCO
$143B
| $3.54M | ﹤0.01% |
36,317
-359
| -1% | -$31.6K |
|
3236
PUT
PPG Industries
PPG
$24.6B
| $3.54M | ﹤0.01% |
31,100
+5,400
| +21% | +$584K |
|
3237
Oppenheimer Holdings
OPY
$1.14B
| $3.53M | ﹤0.01% |
53,739
+27,316
| +103% | +$1.67M |
|
3238
Clean Energy Fuels
CLNE
$427M
| $3.52M | ﹤0.01% |
1,807,082
+632,876
| +54% | +$1.08M |
|
3239
CALL
Targa Resources
TRGP
$58B
| $3.52M | ﹤0.01% |
20,200
-16,400
| -45% | -$2.75M |
|
3240
Shenandoah Telecom
SHEN
$664M
| $3.51M | ﹤0.01% |
257,202
-191,774
| -43% | -$2.43M |
|
3241
Customers Bancorp
CUBI
$2.66B
| $3.51M | ﹤0.01% |
59,728
-215,002
| -78% | -$10.9M |
|
3242
Opendoor
OPEN
$3.64B
| $3.51M | ﹤0.01% |
6,800,016
-1,605,796
| -19% | -$1.16M |
|
|
APLS
3243
DELISTED
Apellis Pharmaceuticals
APLS
| $3.5M | ﹤0.01% |
202,452
-249,521
| -55% | -$4.62M |
|
|
PACHU
3244
Pioneer Acquisition I Corp Units
PACHU
| $3.5M | ﹤0.01% |
+350,000
| New | +$3.5M |
|
3245
Companhia Siderúrgica Nacional
SID
$1.31B
| $3.5M | ﹤0.01% |
2,500,645
+430,819
| +21% | +$666K |
|
3246
CALL
Autodesk
ADSK
$49.5B
| $3.5M | ﹤0.01% |
11,300
-3,700
| -25% | -$1.05M |
|
3247
McKesson
MCK
$100B
| $3.5M | ﹤0.01% |
4,773
-119,793
| -96% | -$84.5M |
|
3248
PUT
FTAI Aviation
FTAI
$21.1B
| $3.5M | ﹤0.01% |
30,400
-72,300
| -70% | -$8.09M |
|
3249
PUT
Illumina
ILMN
$31B
| $3.49M | ﹤0.01% |
36,600
+31,900
| +679% | +$2.59M |
|
3250
Liquidity Services
LQDT
$1.22B
| $3.49M | ﹤0.01% |
147,900
-33,786
| -19% | -$911K |
|
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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.