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 | |
|---|---|---|---|---|---|---|
1151
Intuitive Machines
LUNR
$1.99B
| $30.2M | 0.01% |
2,781,899
+1,057,258
| +61% | +$10.3M |
|
1152
Wyndham Hotels & Resorts
WH
$5.59B
| $30.2M | 0.01% |
372,226
-329,081
| -47% | -$27.5M |
|
1153
CALL
TJX Companies
TJX
$177B
| $30.2M | 0.01% |
244,400
+10,300
| +4% | +$1.31M |
|
1154
Axos Financial
AX
$5.64B
| $30.2M | 0.01% |
396,654
+239,033
| +152% | +$16.2M |
|
1155
Abercrombie & Fitch
ANF
$4.65B
| $30.2M | 0.01% |
363,956
+31,013
| +9% | +$2.35M |
|
1156
AngloGold Ashanti
AU
$40B
| $30.1M | 0.01% |
661,393
-980,134
| -60% | -$42.2M |
|
1157
Blackbaud
BLKB
$1.67B
| $30.1M | 0.01% |
469,037
+428,647
| +1,061% | +$26.8M |
|
1158
PUT
Ares Capital
ARCC
$13.7B
| $30.1M | 0.01% |
1,370,800
+375,500
| +38% | +$7.99M |
|
1159
Grand Canyon Education
LOPE
$4B
| $30M | 0.01% |
158,941
+41,372
| +35% | +$7.67M |
|
1160
CALL
Nike
NKE
$63.8B
| $30M | 0.01% |
422,800
-318,100
| -43% | -$19.1M |
|
1161
CNX Resources
CNX
$4.81B
| $30M | 0.01% |
891,174
-508,396
| -36% | -$16M |
|
1162
Dave & Buster's
PLAY
$359M
| $30M | 0.01% |
997,602
+665,324
| +200% | +$15M |
|
1163
PUT
MongoDB
MDB
$25B
| $30M | 0.01% |
142,800
+28,900
| +25% | +$5.34M |
|
1164
Grindr
GRND
$2.94B
| $30M | 0.01% |
1,320,084
+137,451
| +12% | +$3.02M |
|
1165
PUT
Take-Two Interactive
TTWO
$46B
| $29.9M | 0.01% |
123,300
+5,600
| +5% | +$1.26M |
|
1166
Natera
NTRA
$36.3B
| $29.8M | 0.01% |
176,509
-79,174
| -31% | -$12.3M |
|
1167
Mondelez International
MDLZ
$80.1B
| $29.8M | 0.01% |
442,128
-11,245
| -2% | -$750K |
|
1168
Starbucks
SBUX
$117B
| $29.8M | 0.01% |
325,253
+323,014
| +14,427% | +$28M |
|
1169
CALL
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
| $29.8M | 0.01% |
250,000
-350,000
| -58% | -$41.3M |
|
1170
CALL
Honeywell
HON
$78.4B
| $29.8M | 0.01% |
135,596
+51,565
| +61% | +$10.4M |
|
1171
Essential Utilities
WTRG
$11.6B
| $29.6M | 0.01% |
795,816
+752,350
| +1,731% | +$29.3M |
|
1172
PVH
PVH
$3.97B
| $29.6M | 0.01% |
430,835
+72,403
| +20% | +$5.25M |
|
1173
CALL
NetEase
NTES
$82B
| $29.5M | 0.01% |
219,500
-533,900
| -71% | -$61.4M |
|
1174
Newmark Group
NMRK
$2.9B
| $29.5M | 0.01% |
2,429,483
-1,206,078
| -33% | -$13.5M |
|
1175
PUT
Capital One
COF
$129B
| $29.5M | 0.01% |
138,700
+34,700
| +33% | +$6.47M |
|
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.