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 | |
|---|---|---|---|---|---|---|
1226
Xenon Pharmaceuticals
XENE
$6.28B
| $27.6M | 0.01% |
882,835
+648,779
| +277% | +$21.2M |
|
1227
CALL
Nu Holdings
NU
$70.9B
| $27.6M | 0.01% |
2,010,400
+1,213,200
| +152% | +$14.5M |
|
1228
Q2 Holdings
QTWO
$3.71B
| $27.6M | 0.01% |
294,706
-136,838
| -32% | -$11.5M |
|
1229
Delek US
DK
$3.85B
| $27.6M | 0.01% |
1,301,745
+470,796
| +57% | +$7.91M |
|
|
BLD
1230
DELISTED
TopBuild
BLD
| $27.6M | 0.01% |
85,160
+24,427
| +40% | +$7.25M |
|
|
SNV
1231
DELISTED
Synovus
SNV
| $27.6M | 0.01% |
532,663
-113,435
| -18% | -$5.21M |
|
1232
Navitas Semiconductor
NVTS
$2.44B
| $27.5M | 0.01% |
4,201,275
+3,339,182
| +387% | +$12.9M |
|
1233
PUT
Zillow
Z
$7.7B
| $27.5M | 0.01% |
392,500
-124,300
| -24% | -$8.38M |
|
1234
CALL
Microchip Technology
MCHP
$41.1B
| $27.5M | 0.01% |
390,500
-208,000
| -35% | -$11.4M |
|
|
QXO
1235
QXO Inc
QXO
$14.8B
| $27.5M | 0.01% |
1,275,591
+953,476
| +296% | +$15.7M |
|
1236
PUT
Lucid Motors
LCID
$3.08B
| $27.4M | 0.01% |
1,300,000
-549,640
| -30% | -$13.2M |
|
1237
FTI Consulting
FCN
$5.04B
| $27.4M | 0.01% |
169,781
+73,475
| +76% | +$12M |
|
|
AXON
1238
PUT
Axon Enterprise
AXON
$44.1B
| $27.4M | 0.01% |
33,100
-12,100
| -27% | -$8.23M |
|
1239
Mercury Systems
MRCY
$5.97B
| $27.4M | 0.01% |
508,418
-175,586
| -26% | -$8.55M |
|
1240
Tanger
SKT
$4.84B
| $27.4M | 0.01% |
895,360
+409,954
| +84% | +$12.6M |
|
1241
CALL
Tapestry
TPR
$30.5B
| $27.4M | 0.01% |
311,500
-213,500
| -41% | -$16.2M |
|
1242
Hexcel
HXL
$8.3B
| $27.3M | 0.01% |
483,148
-205,445
| -30% | -$10.9M |
|
|
HPP
1243
Hudson Pacific Properties
HPP
$765M
| $27.3M | 0.01% |
1,422,438
+622,323
| +78% | +$10.1M |
|
1244
Tennant Co
TNC
$1.5B
| $27.3M | 0.01% |
351,867
+28,406
| +9% | +$2.1M |
|
1245
Boise Cascade
BCC
$2.83B
| $27.3M | 0.01% |
313,934
+190,640
| +155% | +$17.3M |
|
1246
Qualys
QLYS
$4.78B
| $27.2M | 0.01% |
190,326
+172,095
| +944% | +$22.8M |
|
1247
Illinois Tool Works
ITW
$84.9B
| $27.2M | 0.01% |
109,913
+67,851
| +161% | +$16.4M |
|
1248
Fortune Brands Innovations
FBIN
$6.09B
| $27.1M | 0.01% |
527,372
+226,182
| +75% | +$11.8M |
|
1249
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46B
| $27.1M | 0.01% |
61,600
+17,600
| +40% | +$7.3M |
|
1250
Simmons First National
SFNC
$3.39B
| $27.1M | 0.01% |
1,431,548
+1,175,146
| +458% | +$22.1M |
|
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.