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 | |
|---|---|---|---|---|---|---|
4551
Gray Television
GTN
$437M
| $705K | ﹤0.01% |
155,623
-271,109
| -64% | -$1.05M |
|
4552
Compugen
CGEN
$212M
| $704K | ﹤0.01% |
395,748
+1,303
| +0.3% | +$1.93K |
|
4553
Spok Holdings
SPOK
$229M
| $702K | ﹤0.01% |
39,728
-8,775
| -18% | -$142K |
|
4554
PLAYSTUDIOS Inc
MYPS
$76.2M
| $702K | ﹤0.01% |
535,930
+468,698
| +697% | +$644K |
|
4555
PUT
Coupang
CPNG
$27.2B
| $701K | ﹤0.01% |
23,400
-10,900
| -32% | -$279K |
|
4556
Invesco Mortgage Capital
IVR
$759M
| $700K | ﹤0.01% |
+89,246
| New | +$657K |
|
4557
CALL
Replimune Group
REPL
$455M
| $697K | ﹤0.01% |
+75,000
| New | +$654K |
|
4558
CALL
10x Genomics
TXG
$5.88B
| $695K | ﹤0.01% |
+60,000
| New | +$547K |
|
4559
PUT
Darling Ingredients
DAR
$9.32B
| $694K | ﹤0.01% |
+18,300
| New | +$602K |
|
4560
CorMedix
CRMD
$564M
| $693K | ﹤0.01% |
56,286
-314,840
| -85% | -$3.48M |
|
4561
PUT
Oshkosh
OSK
$8.82B
| $693K | ﹤0.01% |
6,100
+3,700
| +154% | +$359K |
|
4562
Polestar Automotive Holding UK
PSNY
$1.97B
| $691K | ﹤0.01% |
21,538
+9,512
| +79% | +$302K |
|
|
API
4563
Agora
API
$333M
| $691K | ﹤0.01% |
181,258
-250,007
| -58% | -$871K |
|
4564
Rentokil
RTO
$14.8B
| $690K | ﹤0.01% |
28,746
+8,807
| +44% | +$204K |
|
4565
Epsilon Energy
EPSN
$168M
| $690K | ﹤0.01% |
93,431
-111,670
| -54% | -$796K |
|
4566
iShares US Aerospace & Defense ETF
ITA
$14B
| $689K | ﹤0.01% |
3,655
-13,078
| -78% | -$2.17M |
|
|
ETNB
4567
CALL
DELISTED
89bio
ETNB
| $687K | ﹤0.01% |
+70,000
| New | +$580K |
|
|
LAC
4568
Lithium Americas
LAC
$951M
| $686K | ﹤0.01% |
256,698
+175,926
| +218% | +$488K |
|
4569
PUT
Edison International
EIX
$30.3B
| $686K | ﹤0.01% |
13,300
-130,100
| -91% | -$7.13M |
|
4570
PUT
Clear Secure
YOU
$5.88B
| $686K | ﹤0.01% |
24,700
-1,800
| -7% | -$45.9K |
|
4571
Enlivex Ltd
ENLV
$37.9M
| $686K | ﹤0.01% |
40,813
-3,788
| -8% | -$56.3K |
|
4572
Stagwell
STGW
$2B
| $685K | ﹤0.01% |
152,296
+40,283
| +36% | +$203K |
|
|
OKLO
4573
Oklo
OKLO
$6.41B
| $681K | ﹤0.01% |
12,156
-569,846
| -98% | -$22M |
|
|
LOKV
4574
DELISTED
Live Oak Acquisition Corp V
LOKV
| $680K | ﹤0.01% |
+63,561
| New | +$655K |
|
4575
PDF Solutions
PDFS
$1.72B
| $679K | ﹤0.01% |
31,778
-42,144
| -57% | -$798K |
|
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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.