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 | |
|---|---|---|---|---|---|---|
5451
Urban One Class D
UONEK
$22.4M
| $69.4K | ﹤0.01% |
10,993
-623
| -5% | -$3.73K |
|
|
NHICW
5452
CALL
NewHold Investment Corp III Warrants
NHICW
$20.4M
| $69.3K | ﹤0.01% |
+212,500
| New | +$57.4K |
|
5453
Ironwood Pharmaceuticals
IRWD
$644M
| $69.1K | ﹤0.01% |
96,332
-6,263,350
| -98% | -$4.92M |
|
5454
Riskified
RSKD
$702M
| $68.9K | ﹤0.01% |
13,815
-368,333
| -96% | -$1.76M |
|
5455
Polestar Automotive Holding ADS Class C-1
PSNYW
$375M
| $68.7K | ﹤0.01% |
+16,350
| New | +$77.7K |
|
|
RERE
5456
ATRenew
RERE
$913M
| $67.6K | ﹤0.01% |
20,433
-636,439
| -97% | -$1.65M |
|
5457
LivePerson
LPSN
$20.8M
| $67.4K | ﹤0.01% |
4,447
+1,628
| +58% | +$19.3K |
|
|
SORA
5458
AsiaStrategy
SORA
$52.2M
| $66.6K | ﹤0.01% |
+10,443
| New | +$57.1K |
|
|
IMA
5459
ImageneBio Inc
IMA
$63.7M
| $66.1K | ﹤0.01% |
4,110
-1,697
| -29% | -$24.9K |
|
5460
Duluth Holdings
DLTH
$162M
| $65.9K | ﹤0.01% |
31,382
-12,062
| -28% | -$22.6K |
|
|
IGD
5461
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$506M
| $64.6K | ﹤0.01% |
11,141
-47,041
| -81% | -$264K |
|
5462
Santander
BSBR
$40.7B
| $64.2K | ﹤0.01% |
+11,781
| New | +$60.1K |
|
|
GAU
5463
Galiano Gold
GAU
$478M
| $63.9K | ﹤0.01% |
50,309
+28,830
| +134% | +$39.2K |
|
5464
CALL
Altimmune
ALT
$576M
| $63.9K | ﹤0.01% |
16,500
-233,500
| -93% | -$1.26M |
|
|
TWNP
5465
DELISTED
Twin Hospitality Group
TWNP
| $63.7K | ﹤0.01% |
14,102
-41,066
| -74% | -$231K |
|
5466
Genelux
GNLX
$132M
| $63.5K | ﹤0.01% |
22,136
-211,473
| -91% | -$559K |
|
5467
PUT
Pacific Biosciences
PACB
$422M
| $62K | ﹤0.01% |
+50,000
| New | +$57.7K |
|
|
PHLT
5468
DELISTED
Performant Healthcare Inc
PHLT
| $61.7K | ﹤0.01% |
+15,432
| New | +$43.8K |
|
5469
Mammoth Energy Services
TUSK
$131M
| $61.2K | ﹤0.01% |
21,851
-36,823
| -63% | -$94.2K |
|
5470
Rallybio
RLYB
$86.6M
| $60.8K | ﹤0.01% |
22,480
-5,924
| -21% | -$15.7K |
|
|
TALKW
5471
CALL
DELISTED
Talkspace Inc Warrant
TALKW
| $60.6K | ﹤0.01% |
917,398
-973
| -0.1% | -$95 |
|
|
ANSCW
5472
CALL
Agriculture & Natural Solutions Acquisition Corp Warrant
ANSCW
| $60K | ﹤0.01% |
400,000
| – | – |
|
|
VACHW
5473
CALL
DELISTED
Voyager Acquisition Corp Warrants
VACHW
| $60K | ﹤0.01% |
200,000
+90,000
| +82% | +$19.9K |
|
5474
PUT
Plug Power
PLUG
$2.87B
| $59.6K | ﹤0.01% |
40,000
-19,400
| -33% | -$19.4K |
|
|
SQNS
5475
Sequans Communications SA
SQNS
$38.6M
| $58.8K | ﹤0.01% |
4,000
| – | – |
|
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.