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 | |
|---|---|---|---|---|---|---|
3426
Sundial Growers
SNDL
$320M
| $2.92M | ﹤0.01% |
2,413,558
+1,897,735
| +368% | +$2.53M |
|
3427
Veracyte
VCYT
$3.7B
| $2.91M | ﹤0.01% |
107,673
+98,804
| +1,114% | +$2.86M |
|
3428
PUT
Lemonade
LMND
$3.74B
| $2.91M | ﹤0.01% |
+66,400
| New | +$2.21M |
|
|
DRUG
3429
Bright Minds Biosciences
DRUG
$719M
| $2.91M | ﹤0.01% |
111,371
-81,186
| -42% | -$2.43M |
|
3430
CALL
First Majestic Silver
AG
$7.41B
| $2.91M | ﹤0.01% |
351,600
+95,600
| +37% | +$643K |
|
|
TLN
3431
CALL
Talen Energy Corp
TLN
$16B
| $2.91M | ﹤0.01% |
10,000
-30,000
| -75% | -$7.12M |
|
|
DHIL
3432
DELISTED
Diamond Hill
DHIL
| $2.9M | ﹤0.01% |
19,963
-28,776
| -59% | -$3.96M |
|
3433
Royal Gold
RGLD
$16.8B
| $2.9M | ﹤0.01% |
+16,307
| New | +$2.89M |
|
3434
PUT
Toll Brothers
TOL
$13.6B
| $2.9M | ﹤0.01% |
25,400
+20,600
| +429% | +$2.14M |
|
3435
SmartRent
SMRT
$195M
| $2.9M | ﹤0.01% |
2,924,495
+2,533,152
| +647% | +$2.26M |
|
3436
CALL
Generac Holdings
GNRC
$11.6B
| $2.89M | ﹤0.01% |
+20,200
| New | +$2.46M |
|
3437
Unisys
UIS
$209M
| $2.89M | ﹤0.01% |
637,959
-90,257
| -12% | -$406K |
|
3438
PUT
Emcor
EME
$35.2B
| $2.89M | ﹤0.01% |
5,400
-1,400
| -21% | -$618K |
|
3439
CALL
Zoetis
ZTS
$32.4B
| $2.89M | ﹤0.01% |
18,500
-104,200
| -85% | -$16.5M |
|
3440
Horace Mann Educators
HMN
$2.1B
| $2.88M | ﹤0.01% |
+67,095
| New | +$2.83M |
|
3441
Healthcare Realty
HR
$7.28B
| $2.88M | ﹤0.01% |
181,536
+40,264
| +29% | +$612K |
|
3442
PUT
Pultegroup
PHM
$24.1B
| $2.88M | ﹤0.01% |
27,300
+22,700
| +493% | +$2.29M |
|
3443
Okta
OKTA
$24.7B
| $2.88M | ﹤0.01% |
28,788
-40,556
| -58% | -$4.33M |
|
3444
iShares Core US REIT ETF
USRT
$4.62B
| $2.87M | ﹤0.01% |
+50,787
| New | +$2.85M |
|
3445
CALL
Snap
SNAP
$7.89B
| $2.87M | ﹤0.01% |
330,400
+128,200
| +63% | +$1.06M |
|
|
EWCZ
3446
DELISTED
European Wax Center
EWCZ
| $2.87M | ﹤0.01% |
509,835
-255,426
| -33% | -$1.16M |
|
3447
Tronox
TROX
$932M
| $2.87M | ﹤0.01% |
565,985
+129,076
| +30% | +$703K |
|
3448
Caleres
CAL
$431M
| $2.87M | ﹤0.01% |
234,811
+201,175
| +598% | +$3.02M |
|
3449
Barrett Business Services
BBSI
$959M
| $2.87M | ﹤0.01% |
68,799
-22,250
| -24% | -$915K |
|
|
OACC
3450
Oaktree Acquisition Corp III Life Sciences
OACC
$264M
| $2.86M | ﹤0.01% |
273,914
-200,000
| -42% | -$2.07M |
|
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.