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 | |
|---|---|---|---|---|---|---|
1451
Phathom Pharmaceuticals
PHAT
$930M
| $21.6M | 0.01% |
2,250,497
+1,727,134
| +330% | +$9.56M |
|
1452
PUT
Chipotle Mexican Grill
CMG
$43B
| $21.6M | 0.01% |
384,100
-345,100
| -47% | -$17.6M |
|
1453
PUT
Arm
ARM
$261B
| $21.6M | 0.01% |
133,300
-208,700
| -61% | -$25.9M |
|
1454
Selective Insurance
SIGI
$5.63B
| $21.5M | 0.01% |
248,625
-226,688
| -48% | -$19.9M |
|
1455
Alpha Metallurgical Resources
AMR
$1.84B
| $21.5M | 0.01% |
191,427
+85,320
| +80% | +$9.97M |
|
1456
Group 1 Automotive
GPI
$4.17B
| $21.5M | 0.01% |
49,274
+12,246
| +33% | +$5.14M |
|
1457
CALL
Thermo Fisher Scientific
TMO
$214B
| $21.4M | 0.01% |
52,900
-19,400
| -27% | -$8.11M |
|
1458
Chefs' Warehouse
CHEF
$4.09B
| $21.4M | 0.01% |
+336,011
| New | +$20M |
|
|
TXNM
1459
TXNM Energy Inc
TXNM
$6.43B
| $21.4M | 0.01% |
379,693
-48,140
| -11% | -$2.62M |
|
|
TGI
1460
DELISTED
Triumph Group
TGI
| $21.4M | 0.01% |
830,205
-526,569
| -39% | -$13.4M |
|
1461
PUT
Wayfair
W
$12.5B
| $21.4M | 0.01% |
417,900
+56,700
| +16% | +$2.12M |
|
1462
New Fortress Energy
NFE
$94.3M
| $21.4M | 0.01% |
6,433,984
+6,298,935
| +4,664% | +$27.4M |
|
1463
Ezcorp Inc
EZPW
$1.85B
| $21.3M | 0.01% |
1,537,820
+81,951
| +6% | +$1.18M |
|
1464
Par Pacific Holdings
PARR
$3.97B
| $21.3M | 0.01% |
804,285
+421,464
| +110% | +$8.03M |
|
1465
Redwire
RDW
$2.05B
| $21.2M | 0.01% |
1,303,544
+1,165,668
| +845% | +$15.2M |
|
1466
PUT
NXP Semiconductors
NXPI
$65.4B
| $21.2M | 0.01% |
97,000
+1,800
| +2% | +$352K |
|
1467
U-Haul Holding Co
UHAL
$14.3B
| $21.1M | 0.01% |
349,204
+293,231
| +524% | +$18.3M |
|
1468
CALL
Agilent Technologies
A
$39.7B
| $21.1M | 0.01% |
179,100
+160,300
| +853% | +$17.8M |
|
1469
Lakeland Financial Corp
LKFN
$1.58B
| $21.1M | 0.01% |
343,340
+144,017
| +72% | +$8.36M |
|
1470
CALL
Apollo Global Management
APO
$71.9B
| $21.1M | 0.01% |
148,700
+13,400
| +10% | +$1.78M |
|
1471
iShares MSCI India ETF
INDA
$6.84B
| $21.1M | 0.01% |
+378,341
| New | +$20.2M |
|
1472
PUT
ON Semiconductor
ON
$32.8B
| $21M | 0.01% |
401,400
+116,700
| +41% | +$5.07M |
|
1473
Landstar System
LSTR
$6.29B
| $21M | 0.01% |
151,259
+130,161
| +617% | +$18M |
|
1474
CALL
Idexx Laboratories
IDXX
$44.9B
| $21M | 0.01% |
39,200
+9,800
| +33% | +$4.69M |
|
1475
Lucid Motors
LCID
$3.08B
| $21M | 0.01% |
996,423
-528,601
| -35% | -$12.7M |
|
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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.