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 | |
|---|---|---|---|---|---|---|
3801
PUT
Revvity
RVTY
$12.6B
| $1.93M | ﹤0.01% |
+20,000
| New | +$1.88M |
|
3802
PUT
PG&E
PCG
$38.3B
| $1.93M | ﹤0.01% |
138,500
-92,900
| -40% | -$1.51M |
|
3803
PUT
Organon & Co
OGN
$3.56B
| $1.93M | ﹤0.01% |
+199,400
| New | +$2.06M |
|
|
INZY
3804
DELISTED
Inozyme Pharma
INZY
| $1.93M | ﹤0.01% |
481,799
-762,923
| -61% | -$1.89M |
|
3805
Mistras Group
MG
$484M
| $1.92M | ﹤0.01% |
240,179
+163,326
| +213% | +$1.37M |
|
|
DEC
3806
Diversified Energy Company
DEC
$930M
| $1.92M | ﹤0.01% |
130,928
-677
| -0.5% | -$9.06K |
|
3807
Pegasystems
PEGA
$5.02B
| $1.92M | ﹤0.01% |
35,404
+12,608
| +55% | +$571K |
|
3808
Immersion
IMMR
$251M
| $1.91M | ﹤0.01% |
242,340
-199,514
| -45% | -$1.48M |
|
3809
PUT
CarMax
KMX
$8.13B
| $1.91M | ﹤0.01% |
28,400
-7,400
| -21% | -$498K |
|
3810
National Healthcare
NHC
$3.53B
| $1.91M | ﹤0.01% |
17,814
-3,170
| -15% | -$317K |
|
3811
NewtekOne
NEWT
$428M
| $1.91M | ﹤0.01% |
168,972
+96,645
| +134% | +$1.03M |
|
3812
PUT
TE Connectivity
TEL
$59.6B
| $1.91M | ﹤0.01% |
11,300
+8,000
| +242% | +$1.21M |
|
3813
TriNet
TNET
$3.02B
| $1.91M | ﹤0.01% |
26,051
-112,875
| -81% | -$8.95M |
|
3814
Enbridge
ENB
$119B
| $1.9M | ﹤0.01% |
42,002
+29,175
| +227% | +$1.32M |
|
3815
PUT
Agnico Eagle Mines
AEM
$73.6B
| $1.9M | ﹤0.01% |
16,000
-3,300
| -17% | -$383K |
|
3816
CVRx
CVRX
$137M
| $1.9M | ﹤0.01% |
323,158
-2,231
| -0.7% | -$15.4K |
|
3817
Grupo Aeroportuario Centro Norte
OMAB
$5.16B
| $1.9M | ﹤0.01% |
17,999
-11,776
| -40% | -$1.1M |
|
3818
Allot
ALLT
$372M
| $1.9M | ﹤0.01% |
221,981
+90,906
| +69% | +$654K |
|
3819
CALL
iShares Europe ETF
IEV
$1.67B
| $1.9M | ﹤0.01% |
+30,000
| New | +$1.82M |
|
3820
PUT
Atmos Energy
ATO
$28.8B
| $1.9M | ﹤0.01% |
+12,300
| New | +$1.91M |
|
|
EXE
3821
CALL
Expand Energy Corp
EXE
$21.8B
| $1.89M | ﹤0.01% |
16,200
-161,600
| -91% | -$18M |
|
3822
CALL
International Paper
IP
$21.6B
| $1.89M | ﹤0.01% |
40,400
-236,800
| -85% | -$11.2M |
|
3823
Rayonier Advanced Materials
RYAM
$604M
| $1.89M | ﹤0.01% |
490,266
-678,025
| -58% | -$2.85M |
|
3824
PUT
LPL Financial
LPLA
$28.3B
| $1.87M | ﹤0.01% |
5,000
-10,300
| -67% | -$3.61M |
|
|
GPMT
3825
Granite Point Mortgage Trust
GPMT
$69M
| $1.87M | ﹤0.01% |
759,014
+739,310
| +3,752% | +$1.66M |
|
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.