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 | |
|---|---|---|---|---|---|---|
3501
Xencor
XNCR
$1.5B
| $2.73M | ﹤0.01% |
346,934
+287,551
| +484% | +$2.58M |
|
|
SPKL
3502
Spark I Acquisition Corp
SPKL
$101M
| $2.72M | ﹤0.01% |
+249,996
| New | +$2.71M |
|
3503
PUT
Hormel Foods
HRL
$13.8B
| $2.72M | ﹤0.01% |
90,000
+71,900
| +397% | +$2.17M |
|
|
CVGW
3504
DELISTED
Calavo Growers
CVGW
| $2.71M | ﹤0.01% |
101,994
-208,010
| -67% | -$5.44M |
|
3505
Johnson Outdoors
JOUT
$491M
| $2.71M | ﹤0.01% |
89,503
-10,974
| -11% | -$287K |
|
|
CMRC
3506
Commerce.com Inc Series 1
CMRC
$258M
| $2.7M | ﹤0.01% |
540,700
-111,988
| -17% | -$577K |
|
|
CLDT
3507
Chatham Lodging
CLDT
$622M
| $2.69M | ﹤0.01% |
386,241
-99,239
| -20% | -$693K |
|
|
CYBR
3508
PUT
DELISTED
CyberArk
CYBR
| $2.69M | ﹤0.01% |
6,600
+4,000
| +154% | +$1.46M |
|
|
HSAI
3509
Hesai Group
HSAI
$2.66B
| $2.68M | ﹤0.01% |
121,988
-766,744
| -86% | -$13.5M |
|
|
TACOU
3510
Berto Acquisition Corp Unit
TACOU
| $2.68M | ﹤0.01% |
+250,000
| New | +$2.62M |
|
3511
Arrowhead Research
ARWR
$11.9B
| $2.67M | ﹤0.01% |
169,041
-521,755
| -76% | -$7.49M |
|
3512
CALL
CACI
CACI
$11B
| $2.67M | ﹤0.01% |
+5,600
| New | +$2.48M |
|
3513
CALL
CarMax
KMX
$8.13B
| $2.67M | ﹤0.01% |
+39,700
| New | +$2.67M |
|
3514
ProQR Therapeutics
PRQR
$243M
| $2.67M | ﹤0.01% |
1,307,533
-763,115
| -37% | -$1.24M |
|
3515
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
| $2.67M | ﹤0.01% |
22,397
-75,935
| -77% | -$8.96M |
|
3516
CALL
Dow Inc
DOW
$21.9B
| $2.67M | ﹤0.01% |
100,700
-24,300
| -19% | -$707K |
|
3517
Kaspi.kz JSC
KSPI
$16.9B
| $2.67M | ﹤0.01% |
31,404
-162,400
| -84% | -$13.9M |
|
3518
Synaptics
SYNA
$4.19B
| $2.66M | ﹤0.01% |
41,098
-12,889
| -24% | -$758K |
|
3519
DHT Holdings
DHT
$2.99B
| $2.66M | ﹤0.01% |
246,314
+231,504
| +1,563% | +$2.55M |
|
3520
PUT
Ralph Lauren
RL
$22.6B
| $2.66M | ﹤0.01% |
9,700
-2,900
| -23% | -$718K |
|
|
AVNS
3521
DELISTED
Avanos Medical
AVNS
| $2.66M | ﹤0.01% |
217,344
-330,396
| -60% | -$4.15M |
|
3522
CALL
Ferguson
FERG
$45.4B
| $2.66M | ﹤0.01% |
12,200
-4,400
| -27% | -$810K |
|
3523
Schrodinger
SDGR
$1.13B
| $2.66M | ﹤0.01% |
131,971
-367,367
| -74% | -$8.39M |
|
|
PCSC
3524
DELISTED
Perceptive Capital Solutions
PCSC
| $2.65M | ﹤0.01% |
250,000
| – | – |
|
3525
Healthcare Services Group
HCSG
$1.6B
| $2.65M | ﹤0.01% |
176,591
-696,988
| -80% | -$9.24M |
|
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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.