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 | |
|---|---|---|---|---|---|---|
4851
Cimpress
CMPR
$2.38B
| $454K | ﹤0.01% |
9,652
-3,384
| -26% | -$148K |
|
4852
CALL
Deutsche Bank
DB
$68.7B
| $451K | ﹤0.01% |
15,400
-391,000
| -96% | -$10.3M |
|
4853
Hallador Energy
HNRG
$667M
| $450K | ﹤0.01% |
28,452
-458,080
| -94% | -$7.08M |
|
4854
United Microelectronic
UMC
$43.5B
| $450K | ﹤0.01% |
58,780
-7,834,768
| -99% | -$58.1M |
|
4855
First Watch Restaurant Group
FWRG
$813M
| $450K | ﹤0.01% |
28,034
+3,079
| +12% | +$51.7K |
|
4856
CALL
RUM Group Inc
RUM
$1.65B
| $449K | ﹤0.01% |
+50,000
| New | +$427K |
|
|
RTAC
4857
Renatus Tactical Acquisition Corp I
RTAC
$325M
| $448K | ﹤0.01% |
+38,000
| New | +$436K |
|
4858
FTAI Infrastructure
FIP
$473M
| $448K | ﹤0.01% |
72,559
-131,220
| -64% | -$664K |
|
4859
BARK
BARK
$77M
| $447K | ﹤0.01% |
25,422
-19,814
| -44% | -$455K |
|
4860
MetroCity Bankshares
MCBS
$1.01B
| $446K | ﹤0.01% |
15,594
-38,936
| -71% | -$1.08M |
|
|
ESPR
4861
DELISTED
Esperion Therapeutics
ESPR
| $446K | ﹤0.01% |
452,650
-508,385
| -53% | -$509K |
|
|
ASRT
4862
DELISTED
Assertio
ASRT
| $445K | ﹤0.01% |
46,302
-6,003
| -11% | -$57.7K |
|
4863
CALL
Campbell Soup
CPB
$6.85B
| $444K | ﹤0.01% |
14,500
-23,600
| -62% | -$830K |
|
|
HYAC
4864
DELISTED
Haymaker Acquisition Corp 4
HYAC
| $444K | ﹤0.01% |
40,000
| – | – |
|
|
PKST
4865
DELISTED
Peakstone Realty Trust
PKST
| $443K | ﹤0.01% |
33,531
-25,661
| -43% | -$315K |
|
|
RDNW
4866
RideNow Group
RDNW
$255M
| $443K | ﹤0.01% |
+191,650
| New | +$430K |
|
|
NVMI
4867
CALL
Nova
NVMI
$12.2B
| $440K | ﹤0.01% |
1,600
-1,200
| -43% | -$244K |
|
4868
CALL
Rio Tinto
RIO
$151B
| $437K | ﹤0.01% |
7,500
-22,000
| -75% | -$1.3M |
|
4869
POET Technologies
POET
$1.19B
| $436K | ﹤0.01% |
83,735
+20,839
| +33% | +$87.8K |
|
4870
Plumas Bancorp
PLBC
$430M
| $436K | ﹤0.01% |
9,813
+2,673
| +37% | +$115K |
|
|
DMC
4871
Del Monte Corp
DMC
$1.4B
| $435K | ﹤0.01% |
13,413
-583,083
| -98% | -$19.2M |
|
|
TMQ
4872
Trilogy Metals
TMQ
$511M
| $435K | ﹤0.01% |
+321,949
| New | +$453K |
|
4873
PUT
Apogee Therapeutics
APGE
$10.1B
| $434K | ﹤0.01% |
+10,000
| New | +$380K |
|
4874
Smith Douglas Homes
SDHC
$129M
| $433K | ﹤0.01% |
22,292
-27,014
| -55% | -$511K |
|
4875
CALL
Pultegroup
PHM
$25.5B
| $432K | ﹤0.01% |
4,100
+1,800
| +78% | +$181K |
|
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.