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

+16.13%

1 Year Return

+13.71%

3 Year Return

+41.74%

5 Year Return

+76.27%

10 Year Return

+245.84%

AUM

$41.9B

AUM Growth

+$16.8B (+67%)

Cap. Flow

+$11.3B

Cap. Flow % of AUM

27%

Top 10 Holdings % Top 10 Hldgs %

6.11%

Holding

4,074

New

902

Increased

1,339

Reduced

1,108

Closed

611

Top Buys

1	Lowe's Companies LOW	+$257M
2	JPMorgan Chase JPM	+$211M
3	Intel INTC	+$200M
4	Home Depot HD	+$183M
5	TECD Tech Data Corp TECD	+$182M

Top Sells

1	AGN Allergan plc AGN	+$685M
2	Meta Platforms (Facebook) META	+$132M
3	iShares 1-5 Year Investment Grade Corporate Bond ETF IGSB	+$129M
4	NVIDIA NVDA	+$127M
5	Merck MRK	+$108M

Sector Composition

1	Healthcare	14.98%
2	Technology	13.18%
3	Financials	12.05%
4	Consumer Discretionary	11.76%
5	Industrials	10.44%

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
1376	1376 Brookfield BN $101B	$4.9M	0.01%	+185,567	New	+$4.9M
1377	1377 Henry Schein HSIC $8.37B	$4.9M	0.01%	83,907 +79,787	+1,937%	+$4.66M
1378	1378 Comtech Telecommunications CMTL $69.1M	$4.89M	0.01%	289,698 +87,783	+43%	+$1.48M
1379	FBC 1379 DELISTED Flagstar Bancorp, Inc. New FBC	$4.88M	0.01%	165,740 -150,831	-48%	-$4.44M
1380	1380 Valley National Bancorp VLY $6.04B	$4.87M	0.01%	622,952 +157,147	+34%	+$1.23M
1381	1381 MannKind Corp MNKD $1.71B	$4.87M	0.01%	2,780,026 +2,079,719	+297%	+$3.64M
1382	LGF.B 1382 DELISTED Lions Gate Entertainment Corp. Class B Non-Voting Shares LGF.B	$4.86M	0.01%	712,027 +424,422	+148%	+$2.9M
1383	1383 Lloyds Banking Group LYG $67B	$4.85M	0.01%	3,233,757 -126,722	-4%	-$190K
1384	CCAC.U 1384 DELISTED CITIC Capital Acquisition Corp. Units, each consisting of one Class A ordinary share, $0.0001 par va CCAC.U	$4.83M	0.01%	481,000 -1,100,000	-70%	-$11.1M
1385	1385 BRF SA BRFS $6.22B	$4.83M	0.01%	1,217,130 +1,125,512	+1,228%	+$4.47M
1386	1386 Conduent CNDT $445M	$4.82M	0.01%	2,018,587 +7,773	+0.4%	+$18.6K
1387	EXK 1387 Endeavour Silver EXK $1.78B	$4.82M	0.01%	2,115,785 +862,731	+69%	+$1.97M
1388	1388 WEX WEX $5.82B	$4.82M	0.01%	29,211 -37,623	-56%	-$6.21M
1389	TTM 1389 DELISTED Tata Motors Limited TTM	$4.82M	0.01%	733,335 +658,598	+881%	+$4.33M
1390	ITCI 1390 DELISTED Intra-Cellular Therapies Inc. ITCI	$4.82M	0.01%	187,655 -268,478	-59%	-$6.89M
1391	LITS 1391 Lite Strategy, Inc. Common Stock LITS $96.2M	$4.81M	0.01%	58,237 +30,071	+107%	+$2.48M
1392	RPT 1392 DELISTED RPT Realty Common Shares of Beneficial Interest (MD) RPT	$4.81M	0.01%	+690,748	New	+$4.81M
1393	1393 Thor Industries THO $5.55B	$4.8M	0.01%	45,037 -254,790	-85%	-$27.1M
1394	1394 SunCoke Energy SXC $654M	$4.8M	0.01%	1,620,374 +1,513,511	+1,416%	+$4.48M
1395	1395 Valvoline VVV $5.14B	$4.79M	0.01%	248,030 +53,384	+27%	+$1.03M
1396	1396 Valmont Industries VMI $7.37B	$4.79M	0.01%	42,143 -39,508	-48%	-$4.49M
1397	1397 Carter's CRI $1.08B	$4.77M	0.01%	+59,128	New	+$4.77M
1398	1398 Grupo Aeroportuario del Pacifico PAC $12.9B	$4.76M	0.01%	+66,300	New	+$4.76M
1399	CVET 1399 DELISTED Covetrus, Inc. Common Stock CVET	$4.76M	0.01%	266,047 +25,294	+11%	+$453K
1400	1400 Alamo Group ALG $2.49B	$4.76M	0.01%	46,357 +23,886	+106%	+$2.45M