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 | |
|---|---|---|---|---|---|---|
|
AVR
5076
Anteris Technologies
AVR
$795M
| $299K | ﹤0.01% |
78,996
-281,148
| -78% | -$1.14M |
|
|
PPIH
5077
Perma-Pipe International
PPIH
$206M
| $299K | ﹤0.01% |
+13,085
| New | +$189K |
|
5078
Autohome
ATHM
$2.65B
| $299K | ﹤0.01% |
11,601
-12,173
| -51% | -$316K |
|
5079
FibroBiologics
FBLG
$3.95M
| $299K | ﹤0.01% |
+24,032
| New | +$433K |
|
5080
Entravision Communication
EVC
$1.01B
| $299K | ﹤0.01% |
128,676
+97,704
| +315% | +$197K |
|
5081
Liberty Latin America Class C
LILAK
$1.65B
| $298K | ﹤0.01% |
52,700
-384,490
| -88% | -$1.88M |
|
|
GDEN
5082
DELISTED
Golden Entertainment
GDEN
| $296K | ﹤0.01% |
10,053
-125,210
| -93% | -$3.41M |
|
5083
Cato Corp
CATO
$67.3M
| $296K | ﹤0.01% |
105,186
-9,835
| -9% | -$26.1K |
|
5084
CALL
Erasca
ERAS
$6.3B
| $296K | ﹤0.01% |
+232,700
| New | +$312K |
|
5085
PUT
Tower Semiconductor
TSEM
$22.9B
| $295K | ﹤0.01% |
6,800
-3,700
| -35% | -$142K |
|
5086
LENSAR
LNSR
$65.7M
| $295K | ﹤0.01% |
22,378
-74,899
| -77% | -$1.01M |
|
5087
Highwoods Properties
HIW
$3.71B
| $294K | ﹤0.01% |
+9,467
| New | +$279K |
|
5088
iShare MSCI Eurozone ETF
EZU
$9.44B
| $294K | ﹤0.01% |
4,937
-130,827
| -96% | -$7.4M |
|
5089
PUT
Centrus Energy
LEU
$3.34B
| $293K | ﹤0.01% |
+1,600
| New | +$171K |
|
5090
PUT
Rio Tinto
RIO
$149B
| $292K | ﹤0.01% |
5,000
-22,700
| -82% | -$1.34M |
|
5091
Monte Rosa Therapeutics
GLUE
$1.86B
| $291K | ﹤0.01% |
64,631
-265,836
| -80% | -$1.19M |
|
5092
DHI Group
DHX
$178M
| $291K | ﹤0.01% |
98,029
-38,994
| -28% | -$75.3K |
|
5093
Consensus Cloud Solutions
CCSI
$683M
| $291K | ﹤0.01% |
12,616
-8,761
| -41% | -$189K |
|
|
GES
5094
DELISTED
Guess Inc
GES
| $291K | ﹤0.01% |
24,032
-581,649
| -96% | -$6.5M |
|
5095
CALL
Entegris
ENTG
$18B
| $290K | ﹤0.01% |
3,600
| – | – |
|
|
BRW
5096
Saba Capital Income & Opportunities Fund
BRW
$336M
| $290K | ﹤0.01% |
35,941
-31,094
| -46% | -$236K |
|
5097
BlackRock Floating Rate Income Strategies Fund
FRA
$381M
| $290K | ﹤0.01% |
22,033
-27,281
| -55% | -$343K |
|
5098
PUT
LyondellBasell Industries
LYB
$18.8B
| $289K | ﹤0.01% |
5,000
-7,100
| -59% | -$414K |
|
5099
Fidelity D&D Bancorp
FDBC
$308M
| $289K | ﹤0.01% |
6,277
+1,064
| +20% | +$43.7K |
|
|
UMH
5100
UMH Properties
UMH
$1.34B
| $289K | ﹤0.01% |
+17,193
| New | +$294K |
|
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.