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

+6.86%

1 Year Return

+13.71%

3 Year Return

+41.74%

5 Year Return

+76.27%

10 Year Return

+245.84%

AUM

$69.2B

AUM Growth

+$8.09B (+13%)

Cap. Flow

+$4.63B

Cap. Flow % of AUM

6.69%

Top 10 Holdings % Top 10 Hldgs %

6.88%

Holding

3,977

New

765

Increased

1,436

Reduced

1,297

Closed

444

Top Buys

1	SPDR S&P 500 ETF Trust SPY	+$608M
2	Abbott ABT	+$267M
3	AutoZone AZO	+$227M
4	D.R. Horton DHI	+$195M
5	Huntsman Corp HUN	+$191M

Top Sells

1	Honeywell HON	+$222M
2	Public Service Enterprise Group PEG	+$216M
3	ConocoPhillips COP	+$205M
4	Applied Materials AMAT	+$192M
5	Intuitive Surgical ISRG	+$189M

Sector Composition

1	Financials	14.51%
2	Technology	12.09%
3	Consumer Discretionary	11.89%
4	Healthcare	11.55%
5	Industrials	10.97%

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
1226	MNTA 1226 DELISTED Momenta Pharmaceuticals, Inc. MNTA	$10.7M	0.01%	+769,692	New	+$10.7M
1227	1227 LXP Industrial Trust LXP $2.72B	$10.7M	0.01%	+1,109,103	New	+$10.7M
1228	UBNK 1228 DELISTED United Financial Bancorp, Inc. UBNK	$10.7M	0.01%	606,656 +68,631	+13%	+$1.21M
1229	TARO 1229 DELISTED Taro Pharmaceutical Industries Ltd. TARO	$10.7M	0.01%	+102,074	New	+$10.7M
1230	COUP 1230 DELISTED Coupa Software Incorporated COUP	$10.7M	0.01%	342,097 -55,428	-14%	-$1.73M
1231	1231 Fossil Group FOSL $168M	$10.6M	0.01%	1,369,533 +1,083,233	+378%	+$8.42M
1232	MITL 1232 DELISTED Mitel Networks Corporation MITL	$10.6M	0.01%	1,287,475 -277,494	-18%	-$2.28M
1233	1233 McCormick & Company Non-Voting MKC $18.5B	$10.6M	0.01%	+207,338	New	+$10.6M
1234	1234 Barnes & Noble Education BNED $277M	$10.5M	0.01%	12,747 +10,592	+492%	+$8.73M
1235	1235 Kennametal KMT $1.58B	$10.5M	0.01%	216,605 -295,208	-58%	-$14.3M
1236	1236 iShares MSCI Brazil ETF EWZ $5.55B	$10.5M	0.01%	258,428 +114,387	+79%	+$4.63M
1237	NTUS 1237 DELISTED Natus Medical Inc NTUS	$10.4M	0.01%	+273,442	New	+$10.4M
1238	1238 Masimo MASI $8.01B	$10.4M	0.01%	123,076 -132,526	-52%	-$11.2M
1239	COBZ 1239 DELISTED CoBiz Financial,Inc COBZ	$10.4M	0.01%	520,706 +459,249	+747%	+$9.18M
1240	TLND 1240 DELISTED Talend S.A. American Depositary Shares TLND	$10.4M	0.01%	276,510 +93,437	+51%	+$3.5M
1241	1241 Columbus McKinnon CMCO $415M	$10.3M	0.01%	258,625 +76,585	+42%	+$3.06M
1242	1242 Vanguard Total Stock Market ETF VTI $536B	$10.3M	0.01%	75,308 +41,215	+121%	+$5.66M
1243	1243 Clearway Energy Class A CWEN.A $3.21B	$10.3M	0.01%	544,628 +334,477	+159%	+$6.3M
1244	GHL 1244 DELISTED Greenhill & Co., Inc. GHL	$10.2M	0.01%	525,487 +165,584	+46%	+$3.23M
1245	1245 PRA Group PRAA $657M	$10.2M	0.01%	308,370 +193,368	+168%	+$6.42M
1246	GTS 1246 DELISTED Triple-S Management Corporation GTS	$10.2M	0.01%	431,521 +143,813	+50%	+$3.4M
1247	1247 Avient AVNT $3.31B	$10.2M	0.01%	234,517 +213,552	+1,019%	+$9.29M
1248	1248 Upland Software UPLD $71.6M	$10.2M	0.01%	470,868 +234,191	+99%	+$5.07M
1249	LTC 1249 LTC Properties LTC $1.67B	$10.2M	0.01%	233,593 -13,753	-6%	-$599K
1250	PEI 1250 DELISTED Pennsylvania Real Estate Investment Trust PEI	$10.2M	0.01%	56,954 -53,857	-49%	-$9.61M