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 | |
|---|---|---|---|---|---|---|
5226
DLH Holdings
DLHC
$75.7M
| $210K | ﹤0.01% |
35,962
+21,399
| +147% | +$96.7K |
|
5227
Immuneering
IMRX
$274M
| $210K | ﹤0.01% |
62,249
+39,184
| +170% | +$67.2K |
|
5228
Identive
INVE
$64.1M
| $210K | ﹤0.01% |
64,319
-20,298
| -24% | -$65.2K |
|
|
GTENW
5229
CALL
Gores Holdings X Warrants
GTENW
| $209K | ﹤0.01% |
+354,715
| New | +$212K |
|
|
WSBK
5230
Winchester Bancorp
WSBK
$117M
| $208K | ﹤0.01% |
+23,271
| New | +$214K |
|
5231
CALL
WillScot Mobile Mini Holdings
WSC
$4.66B
| $208K | ﹤0.01% |
7,600
-817,100
| -99% | -$21.8M |
|
5232
Ceragon Networks
CRNT
$195M
| $208K | ﹤0.01% |
84,425
-371,268
| -81% | -$847K |
|
|
WRN
5233
Western Copper and Gold
WRN
$463M
| $207K | ﹤0.01% |
166,003
+112,361
| +209% | +$131K |
|
5234
Finance of America Companies
FOA
$218M
| $207K | ﹤0.01% |
8,883
-137,131
| -94% | -$2.88M |
|
5235
Vitesse Energy
VTS
$626M
| $205K | ﹤0.01% |
9,280
-170,252
| -95% | -$3.73M |
|
5236
CALL
Ardelyx
ARDX
$1.25B
| $205K | ﹤0.01% |
+52,200
| New | +$215K |
|
5237
ALX Oncology
ALXO
$268M
| $204K | ﹤0.01% |
492,614
-451,470
| -48% | -$228K |
|
5238
KORU Medical Systems
KRMD
$184M
| $204K | ﹤0.01% |
57,064
-546,148
| -91% | -$1.55M |
|
|
CCIRW
5239
CALL
DELISTED
Cohen Circle Acquisition Corp. I Warrant
CCIRW
| $204K | ﹤0.01% |
101,896
-31,436
| -24% | -$58.3K |
|
5240
MBIA
MBI
$278M
| $203K | ﹤0.01% |
46,853
+24,115
| +106% | +$107K |
|
|
LOMA
5241
Loma Negra
LOMA
$1.34B
| $203K | ﹤0.01% |
18,508
+7,281
| +65% | +$84.2K |
|
5242
SelectQuote
SLQT
$132M
| $202K | ﹤0.01% |
85,074
-12,895
| -13% | -$33.8K |
|
5243
CALL
Eldorado Gold
EGO
$8.4B
| $201K | ﹤0.01% |
+9,900
| New | +$193K |
|
5244
Atlanticus Holdings
ATLC
$1.58B
| $201K | ﹤0.01% |
3,674
-5,169
| -58% | -$268K |
|
5245
Prelude Therapeutics
PRLD
$370M
| $201K | ﹤0.01% |
248,423
+101,653
| +69% | +$88K |
|
5246
Motorcar Parts of America
MPAA
$267M
| $201K | ﹤0.01% |
17,936
-231,766
| -93% | -$2.32M |
|
5247
CALL
BigBear.ai Holdings Warrant
BBAI.WS
$50.2M
| $201K | ﹤0.01% |
83,666
-1,000
| -1% | -$1.11K |
|
|
FATN
5248
FatPipe Inc
FATN
$71.5M
| $201K | ﹤0.01% |
+20,399
| New | +$185K |
|
5249
Norwood Financial Corp
NWFL
$371M
| $200K | ﹤0.01% |
+7,765
| New | +$194K |
|
|
TEAD
5250
PUT
Teads Holding Co
TEAD
$78.6M
| $199K | ﹤0.01% |
+80,400
| New | +$243K |
|
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.