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 | |
|---|---|---|---|---|---|---|
|
QBTS.WS
3551
CALL
DELISTED
D-Wave Quantum Inc Warrants
QBTS.WS
| $2.55M | ﹤0.01% |
260,000
| – | – |
|
3552
PUT
Zions Bancorporation
ZION
$10.2B
| $2.55M | ﹤0.01% |
49,100
+21,600
| +79% | +$1.01M |
|
|
JBGS
3553
JBG SMITH
JBGS
$818M
| $2.55M | ﹤0.01% |
+147,383
| New | +$2.4M |
|
3554
Climb Global Solutions
CLMB
$500M
| $2.55M | ﹤0.01% |
+95,396
| New | +$2.52M |
|
3555
CALL
Amcor
AMCR
$20.8B
| $2.55M | ﹤0.01% |
55,420
-32,140
| -37% | -$1.48M |
|
3556
Acco Brands
ACCO
$389M
| $2.55M | ﹤0.01% |
711,071
+2,466
| +0.3% | +$9.12K |
|
|
AAUC
3557
Allied Gold Corp
AAUC
$2.31B
| $2.54M | ﹤0.01% |
+189,687
| New | +$2.68M |
|
3558
CALL
Organon & Co
OGN
$3.56B
| $2.54M | ﹤0.01% |
262,800
+162,800
| +163% | +$1.68M |
|
3559
Aon
AON
$76.5B
| $2.54M | ﹤0.01% |
7,123
-418,555
| -98% | -$152M |
|
3560
CALL
Valaris
VAL
$5.48B
| $2.54M | ﹤0.01% |
60,200
+48,100
| +398% | +$1.81M |
|
3561
Corpay
CPAY
$25B
| $2.53M | ﹤0.01% |
7,623
-19,821
| -72% | -$6.46M |
|
3562
Concentrix
CNXC
$1.5B
| $2.53M | ﹤0.01% |
47,852
-36,664
| -43% | -$1.94M |
|
3563
Helix Energy Solutions
HLX
$1.4B
| $2.53M | ﹤0.01% |
405,138
-573,471
| -59% | -$3.8M |
|
3564
Advanced Energy
AEIS
$11.6B
| $2.53M | ﹤0.01% |
19,061
+8,405
| +79% | +$926K |
|
3565
CALL
AvalonBay Communities
AVB
$26.5B
| $2.52M | ﹤0.01% |
12,400
+10,300
| +490% | +$2.11M |
|
3566
OneSpan
OSPN
$574M
| $2.52M | ﹤0.01% |
150,984
+79,143
| +110% | +$1.23M |
|
3567
CALL
HP
HPQ
$24.9B
| $2.52M | ﹤0.01% |
103,000
-62,400
| -38% | -$1.59M |
|
|
PPL
3568
CALL
PPL Corp
PPL
$26.5B
| $2.52M | ﹤0.01% |
74,300
+63,100
| +563% | +$2.2M |
|
3569
CALL
State Street Communication Services Select Sector SPDR ETF
XLC
$22.3B
| $2.51M | ﹤0.01% |
+23,100
| New | +$2.28M |
|
3570
Artesian Resources
ARTNA
$355M
| $2.51M | ﹤0.01% |
74,668
-22,580
| -23% | -$765K |
|
3571
PUT
Iron Mountain
IRM
$36.4B
| $2.5M | ﹤0.01% |
24,400
-16,500
| -40% | -$1.56M |
|
3572
CALL
Kinder Morgan
KMI
$71.7B
| $2.5M | ﹤0.01% |
85,100
-208,800
| -71% | -$5.73M |
|
3573
White Mountains Insurance
WTM
$5.2B
| $2.5M | ﹤0.01% |
1,392
+436
| +46% | +$775K |
|
3574
Banco Bilbao Vizcaya Argentaria
BBVA
$154B
| $2.49M | ﹤0.01% |
162,296
-18,035
| -10% | -$260K |
|
3575
CALL
Ollie's Bargain Outlet
OLLI
$4.44B
| $2.49M | ﹤0.01% |
18,900
-9,200
| -33% | -$1.05M |
|
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.