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 | |
|---|---|---|---|---|---|---|
4201
Axogen
AXGN
$2.18B
| $1.13M | ﹤0.01% |
104,386
+92,857
| +805% | +$1.22M |
|
|
MBAV
4202
DELISTED
M3-Brigade Acquisition V Corp
MBAV
| $1.13M | ﹤0.01% |
100,054
+54
| +0.1% | +$599 |
|
4203
CALL
Camden Property Trust
CPT
$10.9B
| $1.13M | ﹤0.01% |
+10,000
| New | +$1.15M |
|
4204
CALL
Ralph Lauren
RL
$22.9B
| $1.12M | ﹤0.01% |
4,100
+100
| +3% | +$24.8K |
|
4205
CALL
UDR
UDR
$12.1B
| $1.12M | ﹤0.01% |
+27,500
| New | +$1.14M |
|
4206
Legacy Housing
LEGH
$629M
| $1.12M | ﹤0.01% |
49,447
-20,377
| -29% | -$476K |
|
4207
Valmont Industries
VMI
$9.32B
| $1.12M | ﹤0.01% |
3,428
-64,202
| -95% | -$19.7M |
|
|
GB
4208
DELISTED
Global Blue Group Holding
GB
| $1.12M | ﹤0.01% |
149,811
-28,703
| -16% | -$213K |
|
4209
CALL
Ovintiv
OVV
$17.1B
| $1.12M | ﹤0.01% |
29,400
-1,900
| -6% | -$69.7K |
|
|
FRGE
4210
DELISTED
Forge Global Holdings
FRGE
| $1.12M | ﹤0.01% |
+58,701
| New | +$805K |
|
4211
Primis Financial Corp
FRST
$395M
| $1.12M | ﹤0.01% |
102,921
+48,428
| +89% | +$446K |
|
|
GRVY
4212
GRAVITY
GRVY
$430M
| $1.11M | ﹤0.01% |
17,494
+823
| +5% | +$51.1K |
|
4213
Deluxe
DLX
$1.17B
| $1.11M | ﹤0.01% |
70,002
+35,954
| +106% | +$541K |
|
4214
First Financial Corp
THFF
$956M
| $1.11M | ﹤0.01% |
20,517
-10,716
| -34% | -$534K |
|
4215
PUT
JB Hunt Transport Services
JBHT
$25.4B
| $1.11M | ﹤0.01% |
7,700
+4,400
| +133% | +$609K |
|
4216
Ocular Therapeutix
OCUL
$1.83B
| $1.11M | ﹤0.01% |
+119,146
| New | +$933K |
|
4217
CS Disco
LAW
$251M
| $1.11M | ﹤0.01% |
252,945
+228,268
| +925% | +$894K |
|
4218
Zimmer Biomet
ZBH
$17.9B
| $1.1M | ﹤0.01% |
12,109
-663,997
| -98% | -$64.2M |
|
4219
SFL Corp
SFL
$1.64B
| $1.1M | ﹤0.01% |
+132,541
| New | +$1.1M |
|
4220
iShares US Home Construction ETF
ITB
$2.28B
| $1.1M | ﹤0.01% |
11,836
+3,352
| +40% | +$306K |
|
4221
Madison Square Garden
MSGE
$3.61B
| $1.1M | ﹤0.01% |
27,559
-124,982
| -82% | -$4.42M |
|
|
SOBO
4222
South Bow Corp
SOBO
$7.74B
| $1.1M | ﹤0.01% |
+42,431
| New | +$1.08M |
|
4223
Rimini Street
RMNI
$421M
| $1.1M | ﹤0.01% |
291,547
+63,123
| +28% | +$211K |
|
4224
Corbus Pharmaceuticals
CRBP
$162M
| $1.1M | ﹤0.01% |
159,162
+57,555
| +57% | +$418K |
|
4225
Orchestra BioMed
OBIO
$242M
| $1.1M | ﹤0.01% |
+409,674
| New | +$1.2M |
|
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.