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 | |
|---|---|---|---|---|---|---|
4576
Cedar Fair
FUN
$1.88B
| $678K | ﹤0.01% |
22,283
-321,877
| -94% | -$10.8M |
|
4577
Citizens Community Bancorp
CZWI
$212M
| $678K | ﹤0.01% |
49,127
-99,178
| -67% | -$1.41M |
|
4578
Grupo Aval
AVAL
$5.82B
| $678K | ﹤0.01% |
241,171
+131,004
| +119% | +$359K |
|
4579
CALL
Blue Owl Capital
OWL
$6.45B
| $676K | ﹤0.01% |
35,200
-114,500
| -76% | -$2.12M |
|
|
ITRG
4580
Integra Resources
ITRG
$414M
| $673K | ﹤0.01% |
448,797
-183,792
| -29% | -$295K |
|
|
WNS
4581
DELISTED
WNS Holdings
WNS
| $673K | ﹤0.01% |
10,638
-103,748
| -91% | -$6.22M |
|
4582
Kewaunee Scientific
KEQU
$105M
| $673K | ﹤0.01% |
11,460
-26,398
| -70% | -$979K |
|
4583
CALL
Eastman Chemical
EMN
$7.69B
| $672K | ﹤0.01% |
+9,000
| New | +$707K |
|
4584
PUT
Regions Financial
RF
$26.4B
| $670K | ﹤0.01% |
28,500
-78,300
| -73% | -$1.66M |
|
4585
PUT
Amcor
AMCR
$21.2B
| $670K | ﹤0.01% |
14,580
-1,380
| -9% | -$63.7K |
|
4586
PUT
Sagimet Biosciences
SGMT
$435M
| $669K | ﹤0.01% |
+87,800
| New | +$371K |
|
4587
CALL
Franklin Resources
BEN
$16.8B
| $668K | ﹤0.01% |
+28,000
| New | +$577K |
|
4588
Shattuck Labs
STTK
$646M
| $668K | ﹤0.01% |
843,256
+540,658
| +179% | +$524K |
|
4589
Alto Neuroscience
ANRO
$1.04B
| $666K | ﹤0.01% |
302,862
+286,683
| +1,772% | +$682K |
|
|
BEAGU
4590
Bold Eagle Acquisition Corp Units
BEAGU
| $665K | ﹤0.01% |
62,380
-723,535
| -92% | -$7.7M |
|
4591
CALL
Federal Realty Investment Trust
FRT
$10.9B
| $665K | ﹤0.01% |
+7,000
| New | +$662K |
|
4592
Caledonia Mining Corp
CMCL
$351M
| $664K | ﹤0.01% |
+34,378
| New | +$538K |
|
4593
CALL
C.H. Robinson
CHRW
$20.5B
| $662K | ﹤0.01% |
6,900
-5,100
| -43% | -$478K |
|
|
TMCWW
4594
CALL
TMC The Metals Company Warrants
TMCWW
$474K
| $662K | ﹤0.01% |
450,000
| – | – |
|
|
KG
4595
Kestrel Group
KG
$66.1M
| $661K | ﹤0.01% |
+24,909
| New | +$576K |
|
4596
iShares Core MSCI EAFE ETF
IEFA
$186B
| $659K | ﹤0.01% |
7,889
-5,483
| -41% | -$435K |
|
|
MASI
4597
DELISTED
Masimo
MASI
| $657K | ﹤0.01% |
3,907
-130,899
| -97% | -$20.9M |
|
4598
PUT
Pan American Silver
PAAS
$17.9B
| $656K | ﹤0.01% |
23,100
-8,900
| -28% | -$230K |
|
4599
CALL
Booz Allen Hamilton
BAH
$8.44B
| $656K | ﹤0.01% |
6,300
-18,000
| -74% | -$2.02M |
|
4600
CALL
Papa John's
PZZA
$1.01B
| $656K | ﹤0.01% |
13,400
-90,400
| -87% | -$3.69M |
|
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.