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 | |
|---|---|---|---|---|---|---|
4376
CALL
Boston Properties
BXP
$11.4B
| $897K | ﹤0.01% |
13,300
+7,800
| +142% | +$520K |
|
4377
Navigator Holdings
NVGS
$1.37B
| $897K | ﹤0.01% |
63,375
-479,381
| -88% | -$6.46M |
|
4378
PUT
PTC
PTC
$15.7B
| $896K | ﹤0.01% |
5,200
-10,000
| -66% | -$1.61M |
|
4379
CALL
BioCryst Pharmaceuticals
BCRX
$2.35B
| $896K | ﹤0.01% |
+100,000
| New | +$931K |
|
4380
Triumph Financial Inc
TFIN
$1.76B
| $894K | ﹤0.01% |
16,231
-12,359
| -43% | -$688K |
|
4381
Invivyd
IVVD
$171M
| $893K | ﹤0.01% |
+1,249,093
| New | +$886K |
|
4382
Banco Santander
SAN
$202B
| $892K | ﹤0.01% |
107,468
+72,708
| +209% | +$541K |
|
4383
Meridian
MRBK
$238M
| $888K | ﹤0.01% |
68,854
-136,290
| -66% | -$1.8M |
|
4384
Cardlytics
CDLX
$22.1M
| $887K | ﹤0.01% |
53,943
-16,621
| -24% | -$287K |
|
4385
LoveSac
LOVE
$236M
| $886K | ﹤0.01% |
48,664
-253,627
| -84% | -$4.81M |
|
|
MITT
4386
TPG Mortgage Investment Trust
MITT
$225M
| $885K | ﹤0.01% |
117,242
-98,221
| -46% | -$680K |
|
4387
State Street SPDR S&P Bank ETF
KBE
$1.64B
| $884K | ﹤0.01% |
15,847
-417,558
| -96% | -$21.7M |
|
|
GRDN
4388
Guardian Pharmacy Services
GRDN
$2.61B
| $883K | ﹤0.01% |
41,451
-19,484
| -32% | -$440K |
|
4389
PUT
IQVIA
IQV
$39.1B
| $883K | ﹤0.01% |
5,600
-13,400
| -71% | -$2.02M |
|
4390
CALL
Dover
DOV
$27.5B
| $880K | ﹤0.01% |
+4,800
| New | +$835K |
|
4391
Vera Bradley
VRA
$99.2M
| $879K | ﹤0.01% |
397,704
+379,176
| +2,047% | +$782K |
|
|
EB
4392
DELISTED
Eventbrite
EB
| $877K | ﹤0.01% |
333,443
-259,086
| -44% | -$597K |
|
4393
Paramount Gold Nevada
PZG
$99.5M
| $877K | ﹤0.01% |
1,430,495
-77,511
| -5% | -$38K |
|
4394
Apple Hospitality REIT
APLE
$3.92B
| $876K | ﹤0.01% |
75,077
-50,717
| -40% | -$595K |
|
4395
First Western Financial
MYFW
$310M
| $876K | ﹤0.01% |
+38,824
| New | +$802K |
|
4396
CALL
West Pharmaceutical
WST
$23.9B
| $875K | ﹤0.01% |
4,000
-4,400
| -52% | -$941K |
|
4397
Sierra Bancorp
BSRR
$527M
| $874K | ﹤0.01% |
29,421
+14,762
| +101% | +$401K |
|
4398
Achieve Life Sciences
ACHV
$647M
| $873K | ﹤0.01% |
386,200
+364,098
| +1,647% | +$1.04M |
|
4399
TD Synnex
SNX
$20.2B
| $872K | ﹤0.01% |
6,424
-57,021
| -90% | -$6.7M |
|
4400
Virgin Galactic
SPCE
$329M
| $868K | ﹤0.01% |
317,922
+248,037
| +355% | +$759K |
|
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.