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 | |
|---|---|---|---|---|---|---|
3451
NET Power
NPWR
$126M
| $2.86M | ﹤0.01% |
1,158,796
+467,616
| +68% | +$982K |
|
3452
Toronto Dominion Bank
TD
$198B
| $2.86M | ﹤0.01% |
38,903
-51,832
| -57% | -$3.38M |
|
3453
GeoPark
GPRK
$633M
| $2.85M | ﹤0.01% |
437,783
-156,371
| -26% | -$1.07M |
|
3454
State Street Communication Services Select Sector SPDR ETF
XLC
$22.3B
| $2.85M | ﹤0.01% |
26,275
-107,332
| -80% | -$10.6M |
|
3455
CALL
Willis Towers Watson
WTW
$31.2B
| $2.85M | ﹤0.01% |
9,300
+300
| +3% | +$93K |
|
3456
Seaboard Corp
SEB
$4.23B
| $2.85M | ﹤0.01% |
996
-914
| -48% | -$2.41M |
|
|
CAEP
3457
DELISTED
Cantor Equity Partners III
CAEP
| $2.85M | ﹤0.01% |
+270,000
| New | +$2.84M |
|
3458
PROG Holdings
PRG
$1.75B
| $2.85M | ﹤0.01% |
97,001
-576,404
| -86% | -$16M |
|
3459
Intrepid Potash
IPI
$456M
| $2.85M | ﹤0.01% |
79,648
+55,731
| +233% | +$1.9M |
|
3460
Rollins
ROL
$18.3B
| $2.84M | ﹤0.01% |
50,420
-609,431
| -92% | -$34.2M |
|
|
PDS
3461
Precision Drilling
PDS
$999M
| $2.84M | ﹤0.01% |
60,211
+19,772
| +49% | +$880K |
|
3462
CALL
Unilever
UL
$137B
| $2.84M | ﹤0.01% |
41,244
+14,488
| +54% | +$1.02M |
|
3463
CALL
Nasdaq
NDAQ
$52.7B
| $2.83M | ﹤0.01% |
31,700
+25,100
| +380% | +$2M |
|
3464
Standard BioTools
LAB
$340M
| $2.83M | ﹤0.01% |
2,360,805
-2,712,530
| -53% | -$3.01M |
|
|
GMS
3465
DELISTED
GMS Inc
GMS
| $2.83M | ﹤0.01% |
26,026
+5,886
| +29% | +$455K |
|
3466
Vuzix
VUZI
$194M
| $2.83M | ﹤0.01% |
969,160
-942,812
| -49% | -$2.23M |
|
3467
PUT
Match Group
MTCH
$9.19B
| $2.83M | ﹤0.01% |
91,500
-149,300
| -62% | -$4.47M |
|
3468
Kornit Digital
KRNT
$705M
| $2.81M | ﹤0.01% |
141,360
+53,474
| +61% | +$1.07M |
|
3469
PUT
Braze
BRZE
$2.81B
| $2.81M | ﹤0.01% |
+100,000
| New | +$3.16M |
|
3470
Voyager Therapeutics
VYGR
$183M
| $2.81M | ﹤0.01% |
903,161
+804,679
| +817% | +$2.6M |
|
3471
PUT
VanEck Junior Gold Miners ETF
GDXJ
$6.89B
| $2.8M | ﹤0.01% |
41,500
| – | – |
|
3472
Haemonetics
HAE
$3.89B
| $2.8M | ﹤0.01% |
37,587
+781
| +2% | +$51.7K |
|
3473
ZIM Integrated Shipping Services
ZIM
$3.04B
| $2.8M | ﹤0.01% |
174,036
-869,645
| -83% | -$13.7M |
|
|
BASE
3474
DELISTED
Couchbase
BASE
| $2.8M | ﹤0.01% |
114,709
+98,693
| +616% | +$1.79M |
|
3475
STAG Industrial
STAG
$7.38B
| $2.8M | ﹤0.01% |
77,078
-498,139
| -87% | -$17.2M |
|
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.