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 | |
|---|---|---|---|---|---|---|
1526
Woodward
WWD
$24.5B
| $19.9M | 0.01% |
81,064
+32,025
| +65% | +$6.55M |
|
1527
BJ's Restaurants
BJRI
$1.45B
| $19.9M | 0.01% |
445,078
+337,792
| +315% | +$13.3M |
|
1528
First Bancorp
FBP
$4.47B
| $19.8M | 0.01% |
951,459
-577,183
| -38% | -$11.4M |
|
1529
PUT
NIO
NIO
$11.7B
| $19.7M | 0.01% |
5,750,000
-638,900
| -10% | -$2.38M |
|
1530
CALL
Seagate
STX
$169B
| $19.7M | 0.01% |
136,600
+119,100
| +681% | +$12.3M |
|
1531
CALL
Novartis
NVS
$304B
| $19.7M | 0.01% |
162,700
+60,000
| +58% | +$6.76M |
|
1532
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$159M
| $19.7M | 0.01% |
409,136
-128,975
| -24% | -$7.59M |
|
1533
CALL
iShares Bitcoin Trust
IBIT
$47.4B
| $19.7M | 0.01% |
321,100
+74,600
| +30% | +$4.18M |
|
1534
CALL
Cadence Design Systems
CDNS
$95.1B
| $19.6M | 0.01% |
63,600
+9,700
| +18% | +$2.82M |
|
1535
CALL
Sea Limited
SE
$65.8B
| $19.6M | 0.01% |
122,300
-29,200
| -19% | -$4.23M |
|
1536
Workiva
WK
$3.28B
| $19.5M | 0.01% |
285,084
+47,338
| +20% | +$3.26M |
|
1537
TeraWulf
WULF
$8.47B
| $19.5M | 0.01% |
4,445,128
+1,989,083
| +81% | +$6.79M |
|
1538
PUT
Electronic Arts
EA
$52.4B
| $19.5M | 0.01% |
121,900
-45,900
| -27% | -$6.79M |
|
1539
Quanex
NX
$893M
| $19.5M | 0.01% |
1,029,567
+1,002,111
| +3,650% | +$17.8M |
|
1540
Scotiabank
BNS
$108B
| $19.5M | 0.01% |
352,008
+198,017
| +129% | +$10.1M |
|
1541
Invitation Homes
INVH
$17.9B
| $19.3M | 0.01% |
589,015
-512,943
| -47% | -$17.2M |
|
1542
Golub Capital BDC
GBDC
$3.38B
| $19.3M | 0.01% |
1,317,151
-211,457
| -14% | -$3.08M |
|
1543
monday.com
MNDY
$3.68B
| $19.3M | 0.01% |
61,354
-173,657
| -74% | -$48.3M |
|
1544
CALL
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.53B
| $19.3M | 0.01% |
700,000
-3,983,000
| -85% | -$105M |
|
1545
Equitable Holdings
EQH
$13.5B
| $19.3M | 0.01% |
343,470
-761,484
| -69% | -$39.2M |
|
1546
PUT
Progressive
PGR
$128B
| $19.3M | 0.01% |
72,200
+12,500
| +21% | +$3.43M |
|
1547
HP
HPQ
$25.9B
| $19.2M | 0.01% |
785,690
+169,948
| +28% | +$4.33M |
|
1548
Academy Sports + Outdoors
ASO
$3.13B
| $19.2M | 0.01% |
428,856
+391,135
| +1,037% | +$16.2M |
|
1549
Sonoco
SON
$5.99B
| $19.2M | 0.01% |
440,680
-711,826
| -62% | -$31.8M |
|
|
ECG
1550
Everus Construction Group
ECG
$5.98B
| $19.2M | 0.01% |
301,533
+57,112
| +23% | +$2.89M |
|
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.