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 | |
|---|---|---|---|---|---|---|
3701
CALL
RH
RH
$3.13B
| $2.17M | ﹤0.01% |
11,500
+3,200
| +39% | +$594K |
|
3702
PUT
Antero Resources
AR
$11.1B
| $2.17M | ﹤0.01% |
53,800
-23,700
| -31% | -$897K |
|
3703
CALL
Trump Media & Technology Group
DJT
$2.73B
| $2.16M | ﹤0.01% |
+120,000
| New | +$2.61M |
|
3704
Conduent
CNDT
$244M
| $2.16M | ﹤0.01% |
819,614
+585,369
| +250% | +$1.37M |
|
3705
Enterprise Financial Services Corp
EFSC
$2.4B
| $2.16M | ﹤0.01% |
39,205
+34,859
| +802% | +$1.82M |
|
3706
PUT
Unilever
UL
$137B
| $2.16M | ﹤0.01% |
31,378
+19,022
| +154% | +$1.33M |
|
3707
Electromed
ELMD
$337M
| $2.16M | ﹤0.01% |
98,104
-96,415
| -50% | -$2.09M |
|
3708
CALL
ArcelorMittal
MT
$52.9B
| $2.16M | ﹤0.01% |
68,300
-63,000
| -48% | -$1.86M |
|
3709
Quantum Computing Inc
QUBT
$1.83B
| $2.15M | ﹤0.01% |
112,330
-539,125
| -83% | -$5.94M |
|
3710
Mine Safety
MSA
$7.35B
| $2.15M | ﹤0.01% |
12,851
-115,508
| -90% | -$18.1M |
|
3711
POSCO
PKX
$16.1B
| $2.15M | ﹤0.01% |
44,354
-33,873
| -43% | -$1.56M |
|
3712
Marriott International
MAR
$98.3B
| $2.15M | ﹤0.01% |
7,872
-53,480
| -87% | -$13.4M |
|
3713
Paysign
PAYS
$501M
| $2.14M | ﹤0.01% |
297,855
+16,890
| +6% | +$60.5K |
|
3714
CALL
Elanco Animal Health
ELAN
$13.2B
| $2.14M | ﹤0.01% |
+150,000
| New | +$1.75M |
|
3715
Haverty Furniture Companies
HVT
$397M
| $2.14M | ﹤0.01% |
105,057
-16,701
| -14% | -$326K |
|
3716
Peabody Energy
BTU
$2.6B
| $2.13M | ﹤0.01% |
158,850
-705,865
| -82% | -$9.32M |
|
3717
CALL
Alamos Gold
AGI
$11.6B
| $2.13M | ﹤0.01% |
80,200
+39,900
| +99% | +$1.07M |
|
3718
Pathward Financial
CASH
$1.86B
| $2.12M | ﹤0.01% |
26,832
-101,813
| -79% | -$7.79M |
|
|
RTACU
3719
Renatus Tactical Acquisition Corp I Unit
RTACU
$187M
| $2.12M | ﹤0.01% |
+166,764
| New | +$2.02M |
|
|
HTO
3720
H2O America
HTO
$2.57B
| $2.12M | ﹤0.01% |
40,764
+32,377
| +386% | +$1.72M |
|
|
ILPT
3721
Industrial Logistics Properties Trust
ILPT
$575M
| $2.12M | ﹤0.01% |
465,256
+449,731
| +2,897% | +$1.49M |
|
3722
Bain Capital Specialty
BCSF
$806M
| $2.11M | ﹤0.01% |
140,608
-59,959
| -30% | -$914K |
|
3723
ESAB
ESAB
$5.38B
| $2.11M | ﹤0.01% |
17,520
-73,606
| -81% | -$8.9M |
|
|
VNET
3724
VNET Group
VNET
$2.04B
| $2.11M | ﹤0.01% |
305,469
-2,374,297
| -89% | -$14.2M |
|
3725
PUT
FS KKR Capital
FSK
$2.96B
| $2.11M | ﹤0.01% |
101,500
+1,500
| +2% | +$30.6K |
|
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.