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 | |
|---|---|---|---|---|---|---|
1076
Oneok
OKE
$55.4B
| $32.6M | 0.02% |
398,890
+229,635
| +136% | +$19.1M |
|
1077
Watts Water Technologies
WTS
$11.6B
| $32.5M | 0.02% |
132,305
+116,217
| +722% | +$26.1M |
|
|
TPC
1078
Tutor Perini Cor
TPC
$4.33B
| $32.5M | 0.02% |
694,880
+311,350
| +81% | +$9.91M |
|
1079
Kimco Realty
KIM
$17.8B
| $32.5M | 0.02% |
1,544,992
+1,510,347
| +4,359% | +$31.3M |
|
1080
CALL
VanEck Gold Miners ETF
GDX
$23B
| $32.5M | 0.02% |
623,500
-324,500
| -34% | -$16.1M |
|
1081
ODDITY Tech
ODD
$783M
| $32.4M | 0.02% |
429,800
+273,919
| +176% | +$16.7M |
|
1082
Black Hills Corp
BKH
$5.73B
| $32.4M | 0.02% |
576,991
-2,806
| -0.5% | -$164K |
|
1083
MYR Group
MYRG
$5.39B
| $32.4M | 0.02% |
178,369
+16,109
| +10% | +$2.37M |
|
1084
Deutsche Bank
DB
$67.8B
| $32.3M | 0.02% |
1,103,835
+193,136
| +21% | +$5.1M |
|
1085
Sensient Technologies
SXT
$5.28B
| $32.3M | 0.02% |
327,887
+212,845
| +185% | +$19M |
|
1086
Globe Life
GL
$13.8B
| $32.3M | 0.02% |
259,766
-202,361
| -44% | -$24.6M |
|
1087
Essent Group
ESNT
$6.18B
| $32.3M | 0.02% |
531,406
-131,926
| -20% | -$7.6M |
|
1088
PUT
Brookfield
BN
$104B
| $32.2M | 0.02% |
+781,500
| New | +$29M |
|
1089
Viasat
VSAT
$9.9B
| $32.2M | 0.02% |
2,206,628
+820,539
| +59% | +$8.3M |
|
1090
Baxter International
BAX
$12.5B
| $32.2M | 0.02% |
1,063,474
+394,897
| +59% | +$12M |
|
1091
Shell
SHEL
$238B
| $32.2M | 0.02% |
457,069
-1,426,048
| -76% | -$95.6M |
|
1092
CALL
Boston Scientific
BSX
$69.2B
| $32.1M | 0.02% |
299,300
+139,100
| +87% | +$14.1M |
|
1093
XP
XP
$8.77B
| $32.1M | 0.02% |
1,591,237
-662,076
| -29% | -$11.4M |
|
1094
Estee Lauder
EL
$30.7B
| $32.1M | 0.02% |
397,441
+328,207
| +474% | +$21.1M |
|
|
AXON
1095
Axon Enterprise
AXON
$43.5B
| $32.1M | 0.02% |
38,722
-12,844
| -25% | -$8.74M |
|
1096
Etsy
ETSY
$8.16B
| $32M | 0.02% |
638,785
-736,821
| -54% | -$36.6M |
|
1097
Cellebrite
CLBT
$3.68B
| $32M | 0.02% |
2,000,829
+1,476,359
| +281% | +$26.3M |
|
1098
Nokia
NOK
$49.6B
| $32M | 0.02% |
6,177,987
+3,336,429
| +117% | +$17.2M |
|
1099
Regency Centers
REG
$15B
| $32M | 0.02% |
448,653
+28,940
| +7% | +$2.07M |
|
1100
PUT
Carnival Corporation Ltd
CCL
$38.6B
| $31.9M | 0.02% |
1,135,100
+728,000
| +179% | +$15.6M |
|
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.