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 | |
|---|---|---|---|---|---|---|
4676
UDR
UDR
$12.9B
| $590K | ﹤0.01% |
14,444
-1,390,489
| -99% | -$57.6M |
|
4677
Willis Lease Finance
WLFC
$1.66B
| $590K | ﹤0.01% |
+12,390
| New | +$585K |
|
4678
908 Devices
MASS
$311M
| $590K | ﹤0.01% |
+82,699
| New | +$459K |
|
4679
Manchester United
MANU
$4.03B
| $588K | ﹤0.01% |
33,043
-13,645
| -29% | -$202K |
|
4680
Atlas Energy Solutions
AESI
$1.27B
| $587K | ﹤0.01% |
43,904
-38,464
| -47% | -$525K |
|
|
ADAM
4681
Adamas Trust
ADAM
$778M
| $586K | ﹤0.01% |
87,462
-15,327
| -15% | -$97.2K |
|
4682
Rigel Pharmaceuticals
RIGL
$722M
| $585K | ﹤0.01% |
+31,259
| New | +$593K |
|
|
MBX
4683
CALL
MBX Biosciences
MBX
$3.04B
| $585K | ﹤0.01% |
+51,300
| New | +$523K |
|
|
EH
4684
CALL
EHang Holdings
EH
$375M
| $583K | ﹤0.01% |
33,600
+21,700
| +182% | +$368K |
|
4685
Forrester Research
FORR
$199M
| $583K | ﹤0.01% |
58,887
+27,808
| +89% | +$277K |
|
4686
PUT
GitLab
GTLB
$5.75B
| $582K | ﹤0.01% |
12,900
-32,600
| -72% | -$1.49M |
|
4687
Cass Information Systems
CASS
$715M
| $581K | ﹤0.01% |
+13,383
| New | +$559K |
|
4688
ReposiTrak
TRAK
$160M
| $581K | ﹤0.01% |
+29,544
| New | +$619K |
|
4689
BioLife Solutions
BLFS
$1.54B
| $580K | ﹤0.01% |
26,915
-361,589
| -93% | -$8.15M |
|
|
NOTE
4690
DELISTED
FiscalNote
NOTE
| $579K | ﹤0.01% |
+90,002
| New | +$675K |
|
4691
CALL
Canadian Pacific Kansas City
CP
$81.1B
| $579K | ﹤0.01% |
7,300
-1,100
| -13% | -$84.6K |
|
|
OPFI.WS
4692
CALL
DELISTED
OppFi Inc Warrants
OPFI.WS
| $578K | ﹤0.01% |
135,150
| – | – |
|
4693
CALL
Match Group
MTCH
$9.19B
| $578K | ﹤0.01% |
18,700
-91,900
| -83% | -$2.75M |
|
|
JEQ
4694
DELISTED
abrdn Japan Equity Fund
JEQ
| $577K | ﹤0.01% |
76,587
-83,283
| -52% | -$569K |
|
4695
Investar Holding Corp
ISTR
$411M
| $577K | ﹤0.01% |
29,889
-1,636
| -5% | -$30.2K |
|
4696
Sagimet Biosciences
SGMT
$434M
| $576K | ﹤0.01% |
75,640
-85,272
| -53% | -$360K |
|
4697
Alector
ALEC
$169M
| $575K | ﹤0.01% |
410,803
+145,987
| +55% | +$183K |
|
4698
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.4B
| $575K | ﹤0.01% |
+12,401
| New | +$568K |
|
|
KMTS
4699
Kestra Medical Technologies
KMTS
$1.34B
| $574K | ﹤0.01% |
34,616
-408,255
| -92% | -$8.91M |
|
4700
Marriott Vacations Worldwide
VAC
$3.53B
| $574K | ﹤0.01% |
7,936
-30,267
| -79% | -$1.91M |
|
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.