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 | |
|---|---|---|---|---|---|---|
4651
Algonquin Power & Utilities
AQN
$4.59B
| $609K | ﹤0.01% |
+106,264
| New | +$583K |
|
4652
US Global Jets ETF
JETS
$768M
| $608K | ﹤0.01% |
26,480
-78,463
| -75% | -$1.67M |
|
|
CRESY
4653
Cresud
CRESY
$806M
| $606K | ﹤0.01% |
+56,805
| New | +$634K |
|
|
ITIC
4654
Investors Title Co
ITIC
$560M
| $606K | ﹤0.01% |
+2,867
| New | +$643K |
|
|
MBAVU
4655
DELISTED
M3-Brigade Acquisition V Corp Units
MBAVU
| $606K | ﹤0.01% |
50,000
| – | – |
|
|
CCEC
4656
Capital Clean Energy Carriers
CCEC
$1.37B
| $605K | ﹤0.01% |
25,890
-821
| -3% | -$17K |
|
|
APLT
4657
DELISTED
Applied Therapeutics
APLT
| $605K | ﹤0.01% |
1,944,904
+1,835,806
| +1,683% | +$710K |
|
4658
Chesapeake Utilities
CPK
$3.28B
| $604K | ﹤0.01% |
5,024
+3,143
| +167% | +$395K |
|
|
KC
4659
Kingsoft Cloud Holdings
KC
$2.96B
| $604K | ﹤0.01% |
48,213
-603,336
| -93% | -$7.81M |
|
4660
CALL
Mobileye
MBLY
$2.02B
| $602K | ﹤0.01% |
33,500
-25,300
| -43% | -$387K |
|
4661
Franklin Covey
FC
$239M
| $601K | ﹤0.01% |
26,327
-30,355
| -54% | -$671K |
|
4662
PUT
ScottsMiracle-Gro
SMG
$4.09B
| $600K | ﹤0.01% |
+9,100
| New | +$526K |
|
4663
PUT
Corvus Pharmaceuticals
CRVS
$1.1B
| $600K | ﹤0.01% |
150,000
+100,000
| +200% | +$364K |
|
4664
CALL
NewAmsterdam Pharma Warrant
NAMSW
$81.7M
| $600K | ﹤0.01% |
75,000
| – | – |
|
4665
Vanguard Small-Cap ETF
VB
$78.9B
| $599K | ﹤0.01% |
+2,527
| New | +$564K |
|
4666
Maravai LifeSciences
MRVI
$972M
| $598K | ﹤0.01% |
248,087
-1,128,634
| -82% | -$2.37M |
|
4667
Hippo Holdings
HIPO
$777M
| $597K | ﹤0.01% |
21,381
+1,687
| +9% | +$41.6K |
|
4668
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.72B
| $597K | ﹤0.01% |
13,600
-1,225,400
| -99% | -$51.9M |
|
4669
PUT
Plains GP Holdings
PAGP
$5.28B
| $597K | ﹤0.01% |
30,700
-18,900
| -38% | -$352K |
|
|
CLYM
4670
Climb Bio
CLYM
$693M
| $595K | ﹤0.01% |
480,078
+416,699
| +657% | +$519K |
|
|
HTT
4671
High Templar Tech Ltd
HTT
$370M
| $593K | ﹤0.01% |
188,811
-118,445
| -39% | -$329K |
|
4672
CuriosityStream
CURI
$148M
| $592K | ﹤0.01% |
105,124
-317,330
| -75% | -$1.46M |
|
4673
AC Immune
ACIU
$231M
| $592K | ﹤0.01% |
291,532
+78,782
| +37% | +$137K |
|
4674
Absci
ABSI
$1.17B
| $591K | ﹤0.01% |
229,959
-845,167
| -79% | -$2.38M |
|
|
HDL
4675
Super Hi International Holding
HDL
$780M
| $591K | ﹤0.01% |
29,719
-839
| -3% | -$17.4K |
|
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.