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 | |
|---|---|---|---|---|---|---|
4151
MGE Energy Inc
MGEE
$2.97B
| $1.22M | ﹤0.01% |
13,790
-11,207
| -45% | -$1.01M |
|
|
JBTM
4152
JBT Marel
JBTM
$7.26B
| $1.21M | ﹤0.01% |
10,100
-12,900
| -56% | -$1.44M |
|
4153
iShares National Muni Bond ETF
MUB
$45.1B
| $1.21M | ﹤0.01% |
11,609
-6,195
| -35% | -$644K |
|
4154
Alpha Teknova
TKNO
$268M
| $1.21M | ﹤0.01% |
246,704
+70,138
| +40% | +$413K |
|
4155
Angi Inc
ANGI
$222M
| $1.21M | ﹤0.01% |
79,104
-16,912
| -18% | -$244K |
|
4156
CALL
WIX.com
WIX
$2.21B
| $1.2M | ﹤0.01% |
7,600
+4,800
| +171% | +$773K |
|
|
FLG
4157
PUT
Flagstar Bank National Association
FLG
$5.91B
| $1.2M | ﹤0.01% |
113,200
-817,700
| -88% | -$9.34M |
|
|
LADR
4158
Ladder Capital
LADR
$1.22B
| $1.2M | ﹤0.01% |
111,595
-100,299
| -47% | -$1.05M |
|
|
STRZ
4159
Starz Entertainment Corp
STRZ
$448M
| $1.2M | ﹤0.01% |
+74,651
| New | +$1.18M |
|
4160
CALL
Lamb Weston
LW
$7.33B
| $1.2M | ﹤0.01% |
23,100
-45,600
| -66% | -$2.44M |
|
|
ZH
4161
Zhihu
ZH
$280M
| $1.2M | ﹤0.01% |
300,690
-165,864
| -36% | -$644K |
|
4162
PCB Bancorp
PCB
$390M
| $1.19M | ﹤0.01% |
56,945
+15,230
| +37% | +$296K |
|
|
OCSAW
4163
CALL
Oculis Holding AG Warrants
OCSAW
$199M
| $1.19M | ﹤0.01% |
140,000
| – | – |
|
4164
ClearPoint Neuro
CLPT
$430M
| $1.19M | ﹤0.01% |
99,871
-641,322
| -87% | -$8.07M |
|
4165
CALL
GlobalFoundries
GFS
$27.8B
| $1.19M | ﹤0.01% |
+31,200
| New | +$1.13M |
|
4166
Artisan Partners
APAM
$2.77B
| $1.19M | ﹤0.01% |
26,856
-204,040
| -88% | -$8.15M |
|
|
DFTX
4167
Definium Therapeutics
DFTX
$5.78B
| $1.19M | ﹤0.01% |
+183,400
| New | +$1.21M |
|
4168
SL Green Realty
SLG
$3.79B
| $1.19M | ﹤0.01% |
19,218
+14,646
| +320% | +$838K |
|
4169
Celcuity
CELC
$4.25B
| $1.19M | ﹤0.01% |
89,049
+68,698
| +338% | +$748K |
|
|
NESR
4170
National Energy Services Reunited Corp
NESR
$2.67B
| $1.19M | ﹤0.01% |
197,375
-344,760
| -64% | -$2.14M |
|
4171
Teradata
TDC
$2.91B
| $1.18M | ﹤0.01% |
53,072
-149,792
| -74% | -$3.26M |
|
4172
CALL
Semtech
SMTC
$11.1B
| $1.18M | ﹤0.01% |
26,200
-7,700
| -23% | -$274K |
|
4173
Ternium
TX
$9.59B
| $1.17M | ﹤0.01% |
38,975
-87,852
| -69% | -$2.52M |
|
4174
Coca-Cola Europacific Partners
CCEP
$48.5B
| $1.17M | ﹤0.01% |
12,650
-256,187
| -95% | -$22.9M |
|
4175
Helios Technologies
HLIO
$2.58B
| $1.17M | ﹤0.01% |
35,081
-41,152
| -54% | -$1.24M |
|
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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.