Millennium Management Portfolio holdings

AUM $112B

1-Year Return 13.71%

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.

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2

This Quarter Return

+6.16%

1 Year Return

+13.71%

3 Year Return

+41.74%

5 Year Return

+76.27%

10 Year Return

+245.84%

AUM

$43.4M

AUM Growth

-$41.8B (-100%)

Cap. Flow

-$2.21B

Cap. Flow % of AUM

-5,102.87%

Top 10 Holdings % Top 10 Hldgs %

7.32%

Holding

4,218

New

730

Increased

1,230

Reduced

1,567

Closed

555

Top Buys

1	MNTA Momenta Pharmaceuticals, Inc. MNTA	+$225K
2	VAR Varian Medical Systems, Inc. VAR	+$208K
3	AMTD TD Ameritrade Holding Corp AMTD	+$176K
4	Tesla TSLA	+$176K
5	Meta Platforms (Facebook) META	+$174K

Top Sells

1	TECD Tech Data Corp TECD	+$186M
2	MINI Mobile Mini Inc MINI	+$92.3M
3	Canadian Pacific Kansas City CP	+$91.9M
4	TVIX VelocityShares Daily 2x VIX Short Term ETN TVIX	+$77.9M
5	Kraft Heinz KHC	+$60.1M

Sector Composition

1	Healthcare	15.67%
2	Consumer Discretionary	12.56%
3	Technology	11.33%
4	Industrials	10.91%
5	Financials	10.59%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
901	901 SPDR S&P Biotech ETF XBI $5.42B	$10.2K	0.01%	91,305 -136,965	-60%	-$15.3K
902	CVET 902 DELISTED Covetrus, Inc. Common Stock CVET	$10.2K	0.01%	416,896 +150,849	+57%	+$3.68K
903	SWCH 903 DELISTED Switch, Inc. Class A Common Stock SWCH	$10.2K	0.01%	651,491 -315,423	-33%	-$4.92K
904	MDC 904 DELISTED M.D.C. Holdings, Inc. MDC	$10.2K	0.01%	232,998 +100,530	+76%	+$4.38K
905	905 Emcor EME $28.4B	$10.1K	0.01%	149,890 -167,252	-53%	-$11.3K
906	OXFD 906 DELISTED Oxford Immunotec Global PLC Ordinary Shares OXFD	$10.1K	0.01%	864,893 -87,446	-9%	-$1.02K
907	907 Franco-Nevada FNV $38.3B	$10.1K	0.01%	72,460 +70,785	+4,226%	+$9.88K
908	PDM 908 Piedmont Realty Trust, Inc. PDM $1.08B	$10.1K	0.01%	744,821 +277,566	+59%	+$3.77K
909	909 Groupon GRPN $916M	$10.1K	0.01%	494,815 +414,217	+514%	+$8.45K
910	910 KKR & Co KKR $124B	$10.1K	0.01%	293,766 -502,919	-63%	-$17.3K
911	911 Pegasystems PEGA $9.66B	$10.1K	0.01%	166,646 +132,732	+391%	+$8.03K
912	912 eHealth EHTH $115M	$10.1K	0.01%	127,550 -20,649	-14%	-$1.63K
913	913 Lightspeed Commerce LSPD $1.58B	$10.1K	0.01%	+313,909	New	+$10.1K
914	ACTCU 914 DELISTED ArcLight Clean Transition Corp. Unit ACTCU	$10K	0.01%	+1,000,000	New	+$10K
915	SGI 915 Somnigroup International Inc. SGI $17.9B	$10K	0.01%	449,104 +98,520	+28%	+$2.2K
916	916 Apple Hospitality REIT APLE $2.97B	$10K	0.01%	1,041,582 +509,640	+96%	+$4.9K
917	IVC 917 DELISTED Invacare Corporation IVC	$9.97K	0.01%	1,325,249 +316,640	+31%	+$2.38K
918	918 PMV Pharmaceuticals PMVP $67.3M	$9.96K	0.01%	+280,425	New	+$9.96K
919	919 Avnet AVT $4.5B	$9.94K	0.01%	384,714 -3,508	-0.9%	-$91
920	920 Casey's General Stores CASY $20B	$9.94K	0.01%	55,952 +5,782	+12%	+$1.03K
921	BBBY 921 Bed Bath & Beyond, Inc. BBBY $592M	$9.93K	0.01%	136,706 +83,254	+156%	+$6.05K
922	YAC 922 DELISTED Yucaipa Acquisition Corporation Class A Ordinary Shares YAC	$9.93K	0.01%	+999,999	New	+$9.93K
923	BRSL 923 Brightstar Lottery PLC BRSL $3.13B	$9.92K	0.01%	890,998 +51,055	+6%	+$568
924	SCVX 924 DELISTED SCVX Corp. SCVX	$9.91K	0.01%	991,220 +180,809	+22%	+$1.81K
925	925 Twist Bioscience TWST $1.46B	$9.91K	0.01%	130,427 -418,871	-76%	-$31.8K