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 | |
|---|---|---|---|---|---|---|
1051
PUT
Cintas
CTAS
$87B
| $34M | 0.02% |
152,500
+63,100
| +71% | +$13.6M |
|
1052
PUT
Halliburton
HAL
$26.6B
| $33.9M | 0.02% |
1,662,600
+236,000
| +17% | +$4.95M |
|
|
CURB
1053
Curbline Properties
CURB
$3.6B
| $33.8M | 0.02% |
1,478,486
-210,995
| -12% | -$4.85M |
|
|
P
1054
Everpure Inc
P
$23.1B
| $33.7M | 0.02% |
585,768
-71,776
| -11% | -$3.57M |
|
1055
PUT
Northrop Grumman
NOC
$79.2B
| $33.7M | 0.02% |
67,400
-6,000
| -8% | -$2.95M |
|
1056
PUT
Unity
U
$13.3B
| $33.6M | 0.02% |
1,390,400
-141,600
| -9% | -$3.12M |
|
1057
Lennar Class A
LEN
$21.2B
| $33.6M | 0.02% |
304,100
-486,983
| -62% | -$52.8M |
|
|
TWO
1058
Two Harbors Investment
TWO
$1.27B
| $33.6M | 0.02% |
3,120,472
+1,913,923
| +159% | +$21.6M |
|
1059
CALL
Pinduoduo
PDD
$122B
| $33.6M | 0.02% |
320,900
-589,300
| -65% | -$61.8M |
|
1060
Nextpower Inc
NXT
$14.5B
| $33.6M | 0.02% |
617,394
+436,614
| +242% | +$21.9M |
|
|
ALE
1061
DELISTED
Allete
ALE
| $33.4M | 0.02% |
521,468
-176,182
| -25% | -$11.4M |
|
1062
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.4B
| $33.4M | 0.02% |
304,782
+258,130
| +553% | +$27.7M |
|
1063
Donaldson
DCI
$11.1B
| $33.4M | 0.02% |
481,663
+257,687
| +115% | +$17.3M |
|
1064
PUT
iShares Bitcoin Trust
IBIT
$47B
| $33.4M | 0.02% |
545,600
+278,800
| +104% | +$15.6M |
|
1065
10x Genomics
TXG
$5.77B
| $33.4M | 0.02% |
2,883,827
-2,493,665
| -46% | -$22.7M |
|
1066
Prudential Financial
PRU
$42.8B
| $33.4M | 0.02% |
310,511
+97,619
| +46% | +$10.1M |
|
1067
Hershey
HSY
$37.3B
| $33.2M | 0.02% |
200,120
+42,661
| +27% | +$7.03M |
|
1068
Copart
CPRT
$28.5B
| $33.2M | 0.02% |
675,764
-109,050
| -14% | -$6.1M |
|
|
AD
1069
Array Digital Infrastructure
AD
$3.03B
| $33M | 0.02% |
516,106
+20,633
| +4% | +$1.31M |
|
1070
Robert Half
RHI
$4.14B
| $32.9M | 0.02% |
800,787
+341,333
| +74% | +$15.5M |
|
1071
LPL Financial
LPLA
$26.9B
| $32.8M | 0.02% |
87,475
-38,801
| -31% | -$13.6M |
|
1072
Leonardo DRS
DRS
$12.9B
| $32.7M | 0.02% |
704,477
+334,728
| +91% | +$13.4M |
|
1073
Voya Financial
VOYA
$9B
| $32.7M | 0.02% |
460,311
-107,789
| -19% | -$6.92M |
|
|
WCC
1074
WESCO International
WCC
$16B
| $32.7M | 0.02% |
176,417
+156,664
| +793% | +$25.8M |
|
1075
Tesla
TSLA
$1.2T
| $32.7M | 0.02% |
102,811
-1,008,842
| -91% | -$304M |
|
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.