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 | |
|---|---|---|---|---|---|---|
3601
PUT
Grab
GRAB
$14.3B
| $2.44M | ﹤0.01% |
484,900
+24,900
| +5% | +$116K |
|
3602
CALL
Symbotic
SYM
$5.48B
| $2.43M | ﹤0.01% |
62,600
-8,800
| -12% | -$231K |
|
3603
CALL
Texas Pacific Land
TPL
$27.8B
| $2.43M | ﹤0.01% |
6,900
+3,000
| +77% | +$1.23M |
|
3604
CALL
The Mosaic Company
MOS
$7.03B
| $2.43M | ﹤0.01% |
66,600
+31,500
| +90% | +$1.01M |
|
3605
CALL
Alcoa
AA
$11.9B
| $2.43M | ﹤0.01% |
82,300
+19,600
| +31% | +$529K |
|
3606
iShares 0-1 Year Treasury Bond ETF
SHV
$20.8B
| $2.43M | ﹤0.01% |
21,992
-543,097
| -96% | -$59.9M |
|
3607
Blend Labs
BLND
$431M
| $2.43M | ﹤0.01% |
735,531
+133,661
| +22% | +$453K |
|
3608
PUT
AB InBev
BUD
$170B
| $2.42M | ﹤0.01% |
+35,200
| New | +$2.36M |
|
3609
Similarweb
SMWB
$628M
| $2.42M | ﹤0.01% |
308,384
+282,930
| +1,112% | +$2.12M |
|
|
CIM
3610
Chimera Investment
CIM
$1.04B
| $2.42M | ﹤0.01% |
174,246
-90,283
| -34% | -$1.15M |
|
3611
Chegg
CHGG
$110M
| $2.42M | ﹤0.01% |
1,996,007
+225,571
| +13% | +$209K |
|
3612
Gladstone Investment Corp
GAIN
$643M
| $2.41M | ﹤0.01% |
169,197
+91,773
| +119% | +$1.28M |
|
3613
CALL
Doximity
DOCS
$3.76B
| $2.41M | ﹤0.01% |
39,300
-14,300
| -27% | -$798K |
|
|
UCB
3614
United Community Banks
UCB
$4.24B
| $2.41M | ﹤0.01% |
80,867
+69,355
| +602% | +$1.93M |
|
3615
CALL
Uranium Energy
UEC
$4.75B
| $2.41M | ﹤0.01% |
354,200
-36,200
| -9% | -$203K |
|
3616
Bitdeer Technologies
BTDR
$2.56B
| $2.4M | ﹤0.01% |
209,008
-694,003
| -77% | -$8.02M |
|
3617
PUT
Markel Group
MKL
$23.3B
| $2.4M | ﹤0.01% |
1,200
-300
| -20% | -$563K |
|
3618
CALL
Wingstop
WING
$3.53B
| $2.39M | ﹤0.01% |
7,100
-900
| -11% | -$266K |
|
3619
CALL
Oscar Health
OSCR
$9.41B
| $2.39M | ﹤0.01% |
111,400
+100,000
| +877% | +$1.49M |
|
3620
Home Bancorp
HBCP
$561M
| $2.39M | ﹤0.01% |
46,123
-1,138
| -2% | -$55.3K |
|
3621
TriMas Corp
TRS
$1.43B
| $2.39M | ﹤0.01% |
83,417
+54,460
| +188% | +$1.34M |
|
|
USARW
3622
CALL
DELISTED
USA Rare Earth Inc Warrant
USARW
| $2.38M | ﹤0.01% |
+1,000,000
| New | +$2.05M |
|
3623
CALL
Huntington Bancshares
HBAN
$34.4B
| $2.37M | ﹤0.01% |
141,500
+2,700
| +2% | +$40.7K |
|
|
NVMI
3624
PUT
Nova
NVMI
$12.4B
| $2.37M | ﹤0.01% |
8,600
+1,700
| +25% | +$346K |
|
3625
iShares Russell 1000 ETF
IWB
$48.2B
| $2.36M | ﹤0.01% |
6,955
-120,525
| -95% | -$37.8M |
|
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.