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 | |
|---|---|---|---|---|---|---|
1376
PUT
Royal Caribbean
RCL
$86.5B
| $23.3M | 0.01% |
74,500
+32,400
| +77% | +$7.71M |
|
1377
PENN Entertainment
PENN
$2.82B
| $23.3M | 0.01% |
1,303,860
-273,159
| -17% | -$4.29M |
|
1378
Allegro MicroSystems
ALGM
$8.29B
| $23.2M | 0.01% |
679,618
-1,723,360
| -72% | -$42.9M |
|
1379
Urban Edge Properties
UE
$2.92B
| $23.2M | 0.01% |
1,244,014
+956,936
| +333% | +$17.5M |
|
1380
Insight Enterprises
NSIT
$3.77B
| $23.2M | 0.01% |
167,803
+122,421
| +270% | +$16.5M |
|
1381
Duke Energy
DUK
$101B
| $23.2M | 0.01% |
196,325
-400,821
| -67% | -$47.3M |
|
1382
Sibanye-Stillwater
SBSW
$5.93B
| $23.2M | 0.01% |
3,206,774
+35,115
| +1% | +$192K |
|
1383
Blue Owl Capital
OWL
$6.63B
| $23.1M | 0.01% |
1,203,958
-1,715,319
| -59% | -$31.7M |
|
1384
First Majestic Silver
AG
$7.75B
| $23.1M | 0.01% |
2,789,623
+1,459,017
| +110% | +$9.81M |
|
1385
Principal Financial Group
PFG
$24.6B
| $23.1M | 0.01% |
290,381
+159,961
| +123% | +$12.3M |
|
1386
CALL
SAP
SAP
$209B
| $23.1M | 0.01% |
+75,800
| New | +$21.7M |
|
1387
Invesco
IVZ
$13B
| $23M | 0.01% |
1,460,529
-1,192,273
| -45% | -$17.1M |
|
1388
Abbott
ABT
$187B
| $23M | 0.01% |
169,029
-509,691
| -75% | -$67.2M |
|
1389
Dr. Reddy's Laboratories
RDY
$9.77B
| $23M | 0.01% |
1,528,995
-2,815,005
| -65% | -$40.2M |
|
1390
Adient
ADNT
$1.7B
| $23M | 0.01% |
1,180,275
+733,129
| +164% | +$10.8M |
|
1391
Biohaven
BHVN
$2.07B
| $23M | 0.01% |
1,627,539
+726,281
| +81% | +$12.9M |
|
1392
PUT
Sea Limited
SE
$65.8B
| $23M | 0.01% |
143,500
+45,900
| +47% | +$6.65M |
|
1393
Weatherford International
WFRD
$5.99B
| $22.9M | 0.01% |
455,791
-647,276
| -59% | -$30.1M |
|
1394
CALL
Prudential Financial
PRU
$43B
| $22.9M | 0.01% |
213,300
-6,400
| -3% | -$663K |
|
1395
Astronics
ATRO
$3.37B
| $22.9M | 0.01% |
821,082
-75,265
| -8% | -$1.76M |
|
1396
National Bank Holdings
NBHC
$1.9B
| $22.9M | 0.01% |
607,687
+408,234
| +205% | +$14.9M |
|
|
BKV
1397
BKV Corp
BKV
$2.57B
| $22.8M | 0.01% |
945,751
+347,762
| +58% | +$7.19M |
|
1398
nLIGHT
LASR
$3.57B
| $22.8M | 0.01% |
1,158,335
+713,473
| +160% | +$8.86M |
|
1399
Radian Group
RDN
$5.22B
| $22.7M | 0.01% |
630,639
-194,333
| -24% | -$6.5M |
|
1400
Hewlett Packard
HPE
$60.4B
| $22.7M | 0.01% |
1,108,003
+373,761
| +51% | +$6.27M |
|
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.