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 | |
|---|---|---|---|---|---|---|
4976
Northwest Natural Holdings
NWN
$2.18B
| $365K | ﹤0.01% |
9,178
-60,915
| -87% | -$2.53M |
|
4977
Luxfer Holdings
LXFR
$456M
| $364K | ﹤0.01% |
29,911
-111,296
| -79% | -$1.25M |
|
4978
Columbia Financial
CLBK
$1.14B
| $364K | ﹤0.01% |
+25,084
| New | +$357K |
|
4979
Western New England Bancorp
WNEB
$295M
| $364K | ﹤0.01% |
39,430
-269,484
| -87% | -$2.44M |
|
4980
CALL
Establishment Labs
ESTA
$2.7B
| $363K | ﹤0.01% |
+8,500
| New | +$296K |
|
|
MDV
4981
Modiv Industrial
MDV
$181M
| $363K | ﹤0.01% |
25,746
-98,501
| -79% | -$1.46M |
|
4982
Adicet Bio
ACET
$76.7M
| $361K | ﹤0.01% |
37,020
-39,472
| -52% | -$416K |
|
4983
CALL
Sibanye-Stillwater
SBSW
$5.93B
| $361K | ﹤0.01% |
+50,000
| New | +$273K |
|
|
TRST
4984
Trustco Bank Corp NY
TRST
$984M
| $360K | ﹤0.01% |
10,777
-6,910
| -39% | -$213K |
|
|
PBPB
4985
DELISTED
Potbelly
PBPB
| $360K | ﹤0.01% |
29,348
-67,131
| -70% | -$660K |
|
4986
Marcus & Millichap
MMI
$1.2B
| $359K | ﹤0.01% |
11,701
-36,109
| -76% | -$1.1M |
|
4987
EyePoint Inc
EYPT
$1B
| $359K | ﹤0.01% |
38,149
+7,349
| +24% | +$50.8K |
|
|
PONY
4988
Pony AI Inc
PONY
$3.29B
| $357K | ﹤0.01% |
+27,039
| New | +$327K |
|
4989
Commercial Vehicle Group
CVGI
$152M
| $357K | ﹤0.01% |
+214,901
| New | +$261K |
|
4990
Vanguard Intermediate-Term Bond ETF
BIV
$29B
| $356K | ﹤0.01% |
+4,609
| New | +$351K |
|
4991
MaxCyte
MXCT
$112M
| $356K | ﹤0.01% |
163,150
-1,215,179
| -88% | -$2.94M |
|
4992
CALL
AngloGold Ashanti
AU
$39.9B
| $355K | ﹤0.01% |
+7,800
| New | +$336K |
|
4993
PUT
Ball Corp
BALL
$17.8B
| $353K | ﹤0.01% |
+6,300
| New | +$329K |
|
4994
Acrivon Therapeutics
ACRV
$65.9M
| $353K | ﹤0.01% |
+296,239
| New | +$407K |
|
4995
MarineMax
HZO
$782M
| $352K | ﹤0.01% |
14,008
-136,202
| -91% | -$3.02M |
|
|
MESO
4996
Mesoblast
MESO
$1.87B
| $352K | ﹤0.01% |
32,283
+15,161
| +89% | +$170K |
|
|
HLVX
4997
DELISTED
HilleVax
HLVX
| $351K | ﹤0.01% |
176,327
+21,543
| +14% | +$39.4K |
|
4998
RBB Bancorp
RBB
$451M
| $351K | ﹤0.01% |
20,388
-19,861
| -49% | -$324K |
|
|
EXOD
4999
Exodus Movement Inc
EXOD
$161M
| $351K | ﹤0.01% |
12,161
-30,702
| -72% | -$1.12M |
|
|
ARI
5000
Apollo Commercial Real Estate
ARI
$881M
| $349K | ﹤0.01% |
36,077
-55,396
| -61% | -$522K |
|
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.