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 | |
|---|---|---|---|---|---|---|
4701
Hawthorn Bancshares
HWBK
$267M
| $572K | ﹤0.01% |
19,642
-71,408
| -78% | -$2.06M |
|
|
CIO
4702
DELISTED
City Office REIT
CIO
| $571K | ﹤0.01% |
106,897
-56,330
| -35% | -$282K |
|
4703
PUT
Rigetti Computing
RGTI
$4.61B
| $569K | ﹤0.01% |
+48,000
| New | +$506K |
|
|
RVPH
4704
DELISTED
REVIVA PHARMA HLDGS INC
RVPH
| $567K | ﹤0.01% |
74,402
-2,314
| -3% | -$36K |
|
|
RPTX
4705
DELISTED
Repare Therapeutics
RPTX
| $567K | ﹤0.01% |
407,858
+256,622
| +170% | +$335K |
|
4706
Metagenomi Therapeutics
MGX
$45.6M
| $567K | ﹤0.01% |
383,033
+197,925
| +107% | +$310K |
|
4707
Solid Power
SLDP
$468M
| $566K | ﹤0.01% |
258,536
-188,857
| -42% | -$265K |
|
4708
Palladyne AI
PDYN
$234M
| $565K | ﹤0.01% |
65,221
-241,387
| -79% | -$1.71M |
|
4709
PUT
Kinross Gold
KGC
$28.4B
| $564K | ﹤0.01% |
36,100
-78,800
| -69% | -$1.15M |
|
4710
PUT
Ultragenyx Pharmaceutical
RARE
$2.49B
| $564K | ﹤0.01% |
+15,500
| New | +$559K |
|
4711
Roadzen
RDZN
$105M
| $563K | ﹤0.01% |
+574,799
| New | +$576K |
|
4712
KRONOS Worldwide
KRO
$711M
| $563K | ﹤0.01% |
90,731
-26,977
| -23% | -$185K |
|
|
NVX
4713
NOVONIX
NVX
$92.7M
| $562K | ﹤0.01% |
556,284
-11,098
| -2% | -$12.7K |
|
4714
FVCBankcorp
FVCB
$334M
| $560K | ﹤0.01% |
47,493
+30,886
| +186% | +$346K |
|
|
CMPS
4715
CALL
Compass Pathways
CMPS
$1.5B
| $560K | ﹤0.01% |
+200,000
| New | +$753K |
|
4716
Ardmore Shipping
ASC
$681M
| $560K | ﹤0.01% |
58,296
-46,505
| -44% | -$448K |
|
4717
PUT
Flowers Foods
FLO
$1.57B
| $559K | ﹤0.01% |
+35,000
| New | +$603K |
|
4718
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.08B
| $558K | ﹤0.01% |
19,056
+3,105
| +19% | +$88.3K |
|
|
DDI
4719
DoubleDown Interactive
DDI
$578M
| $558K | ﹤0.01% |
58,282
-1,260
| -2% | -$12.4K |
|
|
TUYA
4720
Tuya Inc
TUYA
$1.05B
| $557K | ﹤0.01% |
241,281
-395,207
| -62% | -$959K |
|
4721
PUT
Williams-Sonoma
WSM
$27.7B
| $555K | ﹤0.01% |
3,400
-6,100
| -64% | -$958K |
|
|
ZYXI
4722
DELISTED
Zynex
ZYXI
| $555K | ﹤0.01% |
215,231
+199,414
| +1,261% | +$451K |
|
4723
PUT
Archer Aviation
ACHR
$3.56B
| $554K | ﹤0.01% |
+51,100
| New | +$478K |
|
|
CCIXU
4724
Churchill Capital Corp IX Unit
CCIXU
| $554K | ﹤0.01% |
51,490
-6,203
| -11% | -$69.1K |
|
4725
CALL
Cogent Biosciences
COGT
$6.89B
| $552K | ﹤0.01% |
76,900
+26,900
| +54% | +$149K |
|
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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.