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 | |
|---|---|---|---|---|---|---|
4526
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| $735K | ﹤0.01% |
13,928
-26,707
| -66% | -$1.4M |
|
4527
TIM SA
TIMB
$9.1B
| $734K | ﹤0.01% |
36,499
+12,115
| +50% | +$207K |
|
|
AMRN
4528
Amarin Corp
AMRN
$297M
| $734K | ﹤0.01% |
45,244
+44,254
| +4,470% | +$498K |
|
|
HTB
4529
HomeTrust Bancshares
HTB
$866M
| $732K | ﹤0.01% |
19,578
-34,661
| -64% | -$1.22M |
|
4530
Seer Inc
SEER
$114M
| $732K | ﹤0.01% |
341,942
-167,434
| -33% | -$335K |
|
4531
PUT
BioMarin Pharmaceuticals
BMRN
$11.9B
| $731K | ﹤0.01% |
13,300
+6,600
| +99% | +$389K |
|
4532
CALL
Joby Aviation
JOBY
$6.54B
| $727K | ﹤0.01% |
+286,033
| New | +$2.07M |
|
4533
CALL
Ultragenyx Pharmaceutical
RARE
$2.46B
| $727K | ﹤0.01% |
+20,000
| New | +$721K |
|
4534
Fulcrum Therapeutics
FULC
$241M
| $727K | ﹤0.01% |
105,693
+65,001
| +160% | +$348K |
|
4535
CALL
EPAM Systems
EPAM
$5.58B
| $725K | ﹤0.01% |
4,100
-100
| -2% | -$16.7K |
|
4536
Schwab US Mid-Cap ETF
SCHM
$14.2B
| $723K | ﹤0.01% |
25,761
+7,424
| +40% | +$196K |
|
4537
BRC Group Holdings
RILY
$264M
| $722K | ﹤0.01% |
243,222
+181,407
| +293% | +$557K |
|
|
OCFT
4538
DELISTED
OneConnect Financial Technology
OCFT
| $720K | ﹤0.01% |
99,943
+47,494
| +91% | +$316K |
|
4539
PUT
Guardant Health
GH
$19.1B
| $718K | ﹤0.01% |
13,800
-245,100
| -95% | -$10.9M |
|
4540
Federal Realty Investment Trust
FRT
$10.9B
| $716K | ﹤0.01% |
7,534
-218,824
| -97% | -$20.7M |
|
4541
PUT
Casey's General Stores
CASY
$32.1B
| $714K | ﹤0.01% |
+1,400
| New | +$645K |
|
4542
Nu Skin
NUS
$257M
| $713K | ﹤0.01% |
89,217
-107,835
| -55% | -$757K |
|
4543
PUT
Blackstone Mortgage Trust
BXMT
$2.77B
| $712K | ﹤0.01% |
37,000
| – | – |
|
4544
Ponce Financial Group
PDLB
$486M
| $712K | ﹤0.01% |
+51,419
| New | +$663K |
|
4545
iShares MSCI ACWI ETF
ACWI
$32B
| $711K | ﹤0.01% |
5,526
-16,437
| -75% | -$1.97M |
|
4546
PUT
Galicia Financial Group
GGAL
$7.89B
| $710K | ﹤0.01% |
14,100
-2,400
| -15% | -$137K |
|
4547
Richardson Electronics
RELL
$244M
| $710K | ﹤0.01% |
+73,581
| New | +$670K |
|
4548
Traeger
COOK
$165M
| $709K | ﹤0.01% |
8,289
+6,531
| +372% | +$502K |
|
4549
Inovio Pharmaceuticals
INO
$85.6M
| $706K | ﹤0.01% |
+346,865
| New | +$665K |
|
4550
CALL
ProShares UltraPro QQQ
TQQQ
$28.6B
| $706K | ﹤0.01% |
17,000
-178,000
| -91% | -$5.63M |
|
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.