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 | |
|---|---|---|---|---|---|---|
3626
Lineage Cell Therapeutics
LCTX
$269M
| $2.36M | ﹤0.01% |
+2,600,577
| New | +$1.54M |
|
3627
Tarsus Pharmaceuticals
TARS
$2.58B
| $2.36M | ﹤0.01% |
58,141
-189,054
| -76% | -$8.51M |
|
|
RDAGU
3628
Republic Digital Acquisition Co Unit
RDAGU
| $2.35M | ﹤0.01% |
+220,000
| New | +$2.29M |
|
3629
The RMR Group
RMR
$325M
| $2.35M | ﹤0.01% |
143,788
-4,443
| -3% | -$68.1K |
|
3630
CALL
Interactive Brokers
IBKR
$39.2B
| $2.35M | ﹤0.01% |
42,400
-12,000
| -22% | -$569K |
|
3631
Black Diamond Therapeutics
BDTX
$96.8M
| $2.34M | ﹤0.01% |
944,853
-159,059
| -14% | -$307K |
|
3632
PUT
Public Service Enterprise Group
PEG
$38.2B
| $2.34M | ﹤0.01% |
27,800
-106,400
| -79% | -$8.58M |
|
3633
CALL
APA Corp
APA
$13.2B
| $2.34M | ﹤0.01% |
127,800
+113,400
| +788% | +$1.97M |
|
3634
Financial Institutions
FISI
$816M
| $2.34M | ﹤0.01% |
90,992
-56,340
| -38% | -$1.41M |
|
3635
Clearwater Paper
CLW
$339M
| $2.34M | ﹤0.01% |
85,779
-24,425
| -22% | -$660K |
|
|
CBL
3636
CBL Properties
CBL
$1.82B
| $2.33M | ﹤0.01% |
91,789
-21,810
| -19% | -$537K |
|
3637
CALL
Alaska Air
ALK
$5.29B
| $2.33M | ﹤0.01% |
+47,000
| New | +$2.28M |
|
3638
PUT
Entegris
ENTG
$18.1B
| $2.32M | ﹤0.01% |
28,800
-12,500
| -30% | -$950K |
|
|
ESGR
3639
PUT
DELISTED
Enstar Group
ESGR
| $2.32M | ﹤0.01% |
6,900
+600
| +10% | +$201K |
|
3640
CALL
Leidos
LDOS
$14.5B
| $2.32M | ﹤0.01% |
14,700
-21,200
| -59% | -$3.13M |
|
|
IPCXU
3641
Inflection Point Acquisition Corp III Units
IPCXU
$227M
| $2.31M | ﹤0.01% |
+220,000
| New | +$2.27M |
|
3642
Ecopetrol
EC
$34.5B
| $2.31M | ﹤0.01% |
261,079
+199,787
| +326% | +$1.77M |
|
3643
ZTO Express
ZTO
$18.3B
| $2.31M | ﹤0.01% |
130,000
-609,251
| -82% | -$11M |
|
3644
PUT
Stellantis
STLA
$21.7B
| $2.31M | ﹤0.01% |
230,000
-596,700
| -72% | -$5.88M |
|
|
AGEN
3645
Agenus
AGEN
$312M
| $2.31M | ﹤0.01% |
+504,509
| New | +$1.75M |
|
3646
PRA Group
PRAA
$663M
| $2.3M | ﹤0.01% |
155,874
+54,202
| +53% | +$864K |
|
|
FPI
3647
Farmland Partners
FPI
$408M
| $2.29M | ﹤0.01% |
199,341
+99,854
| +100% | +$1.07M |
|
3648
State Street SPDR S&P Homebuilders ETF
XHB
$1.6B
| $2.29M | ﹤0.01% |
23,222
+20,822
| +868% | +$1.98M |
|
3649
CALL
Ameren
AEE
$30.3B
| $2.29M | ﹤0.01% |
+23,800
| New | +$2.31M |
|
|
VACH
3650
DELISTED
Voyager Acquisition Corp
VACH
| $2.29M | ﹤0.01% |
220,000
| – | – |
|
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.