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 | |
|---|---|---|---|---|---|---|
|
FBRT
5351
Franklin BSP Realty Trust
FBRT
$600M
| $137K | ﹤0.01% |
+12,858
| New | +$144K |
|
5352
Karyopharm Therapeutics
KPTI
$160M
| $137K | ﹤0.01% |
31,847
-23,520
| -42% | -$115K |
|
5353
Playboy Inc
PLBY
$143M
| $137K | ﹤0.01% |
84,554
-146,133
| -63% | -$188K |
|
5354
Fennec Pharmaceuticals
FENC
$348M
| $136K | ﹤0.01% |
+16,334
| New | +$112K |
|
5355
Destination XL Group
DXLG
$34.3M
| $134K | ﹤0.01% |
120,807
+89,106
| +281% | +$97.5K |
|
|
RUMBW
5356
CALL
RUM Group Inc Warrant
RUMBW
$12.6M
| $133K | ﹤0.01% |
43,045
| – | – |
|
5357
Invesco Trust Investment Grade Municipals
VGM
$549M
| $133K | ﹤0.01% |
+14,000
| New | +$134K |
|
|
MRDN
5358
Meridian Holdings Inc
MRDN
$180M
| $133K | ﹤0.01% |
+6,509
| New | +$142K |
|
5359
Envela
ELA
$552M
| $131K | ﹤0.01% |
21,412
-58,057
| -73% | -$360K |
|
5360
Noodles & Co
NDLS
$86.6M
| $131K | ﹤0.01% |
22,912
-3,725
| -14% | -$26K |
|
|
SOL
5361
DELISTED
Emeren Group
SOL
| $129K | ﹤0.01% |
+68,808
| New | +$107K |
|
5362
Ocean Power Technologies
OPTT
$38.9M
| $128K | ﹤0.01% |
+268,883
| New | +$128K |
|
5363
VinFast Auto
VFS
$6.97B
| $127K | ﹤0.01% |
35,520
+5,923
| +20% | +$20.1K |
|
|
TRVG
5364
trivago
TRVG
$390M
| $126K | ﹤0.01% |
33,402
+17,237
| +107% | +$71K |
|
5365
Gran Tierra Energy
GTE
$225M
| $125K | ﹤0.01% |
26,252
+12,781
| +95% | +$60.6K |
|
5366
PUT
Capricor Therapeutics
CAPR
$372M
| $124K | ﹤0.01% |
+12,500
| New | +$132K |
|
5367
DocGo
DCGO
$63.4M
| $123K | ﹤0.01% |
78,299
-3,835
| -5% | -$7.15K |
|
|
IRD
5368
Opus Genetics
IRD
$281M
| $120K | ﹤0.01% |
+127,844
| New | +$118K |
|
|
AACBR
5369
Artius II Acquisition Inc Rights
AACBR
| $120K | ﹤0.01% |
+500,000
| New | +$112K |
|
|
NB
5370
NioCorp Developments
NB
$582M
| $120K | ﹤0.01% |
+51,498
| New | +$128K |
|
5371
LSB Industries
LXU
$827M
| $120K | ﹤0.01% |
15,336
-14,405
| -48% | -$98.7K |
|
|
BRSP
5372
BrightSpire Capital
BRSP
$680M
| $119K | ﹤0.01% |
23,607
-223,539
| -90% | -$1.13M |
|
|
AKYA
5373
DELISTED
Akoya BioSciences
AKYA
| $119K | ﹤0.01% |
91,576
-21,669
| -19% | -$26.1K |
|
5374
Inseego
INSG
$110M
| $119K | ﹤0.01% |
14,447
-162,357
| -92% | -$1.27M |
|
|
UHGWW
5375
CALL
DELISTED
United Homes Group Warrant
UHGWW
| $119K | ﹤0.01% |
146,359
-1,155
| -0.8% | -$608 |
|
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.