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 | |
|---|---|---|---|---|---|---|
|
EH
4776
EHang Holdings
EH
$378M
| $515K | ﹤0.01% |
29,683
-256,092
| -90% | -$4.35M |
|
4777
Enovix
ENVX
$822M
| $514K | ﹤0.01% |
56,776
+44,813
| +375% | +$292K |
|
4778
C&F Financial
CFFI
$270M
| $513K | ﹤0.01% |
8,314
-43,881
| -84% | -$2.8M |
|
4779
Rush Enterprises Class B
RUSHB
$6.12B
| $513K | ﹤0.01% |
9,775
+4,964
| +103% | +$270K |
|
4780
Solarmax Technology
SMXT
$22.6M
| $511K | ﹤0.01% |
+469,169
| New | +$532K |
|
4781
Sera Prognostics
SERA
$80.3M
| $511K | ﹤0.01% |
184,564
+163,014
| +756% | +$403K |
|
|
GMS
4782
PUT
DELISTED
GMS Inc
GMS
| $511K | ﹤0.01% |
+4,700
| New | +$364K |
|
4783
CALL
FuboTV Inc
FUBO
$259M
| $510K | ﹤0.01% |
+11,000
| New | +$412K |
|
4784
CALL
Genuine Parts
GPC
$17.8B
| $510K | ﹤0.01% |
4,200
-6,200
| -60% | -$746K |
|
4785
Franklin Financial Services
FRAF
$287M
| $509K | ﹤0.01% |
14,704
-40,391
| -73% | -$1.49M |
|
4786
Organogenesis Holdings
ORGO
$324M
| $509K | ﹤0.01% |
138,980
-22,071
| -14% | -$82.3K |
|
4787
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.87B
| $506K | ﹤0.01% |
+19,878
| New | +$497K |
|
4788
Xperi
XPER
$368M
| $506K | ﹤0.01% |
64,027
-15,622
| -20% | -$118K |
|
|
AAMI
4789
Acadian Asset Management
AAMI
$2.85B
| $506K | ﹤0.01% |
14,364
-46,397
| -76% | -$1.35M |
|
4790
Vanguard Russell 1000 Growth ETF
VONG
$41.3B
| $506K | ﹤0.01% |
+4,630
| New | +$456K |
|
4791
PUT
iShares MSCI Taiwan ETF
EWT
$9.13B
| $505K | ﹤0.01% |
8,800
-55,000
| -86% | -$2.81M |
|
|
NOTV
4792
DELISTED
Inotiv
NOTV
| $504K | ﹤0.01% |
276,705
-76,473
| -22% | -$166K |
|
4793
CALL
JetBlue
JBLU
$2.14B
| $503K | ﹤0.01% |
118,900
-138,300
| -54% | -$619K |
|
4794
iShares US Financials ETF
IYF
$4.67B
| $502K | ﹤0.01% |
+4,153
| New | +$468K |
|
4795
iShares Core 60/40 Balanced Allocation ETF
AOR
$3.62B
| $502K | ﹤0.01% |
8,159
-1,174
| -13% | -$68.6K |
|
4796
Smith-Midland
SMID
$156M
| $501K | ﹤0.01% |
+14,932
| New | +$454K |
|
4797
Eve Holding
EVEX
$791M
| $500K | ﹤0.01% |
+72,948
| New | +$325K |
|
|
EH
4798
PUT
EHang Holdings
EH
$378M
| $500K | ﹤0.01% |
28,800
-14,700
| -34% | -$250K |
|
4799
CALL
Labcorp
LH
$25.5B
| $499K | ﹤0.01% |
+1,900
| New | +$463K |
|
|
SFIX
4800
Stitch Fix
SFIX
$562M
| $497K | ﹤0.01% |
134,401
+106,856
| +388% | +$400K |
|
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.