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 | |
|---|---|---|---|---|---|---|
1626
CALL
Steris
STE
$22.4B
| $18M | 0.01% |
+75,000
| New | +$17.5M |
|
1627
Rivian
RIVN
$24.2B
| $18M | 0.01% |
1,307,551
+436,708
| +50% | +$5.93M |
|
1628
CALL
GE Vernova
GEV
$251B
| $17.9M | 0.01% |
33,900
+1,900
| +6% | +$791K |
|
1629
Brookfield Infrastructure
BIPC
$5.23B
| $17.9M | 0.01% |
430,813
+374,844
| +670% | +$14.4M |
|
1630
Clear Channel Outdoor Holdings
CCO
$1.23B
| $17.9M | 0.01% |
15,313,245
+10,419,350
| +213% | +$11.3M |
|
1631
Aflac
AFL
$65.9B
| $17.9M | 0.01% |
169,771
-297,932
| -64% | -$31.3M |
|
1632
SGHC Ltd
SGHC
$7.62B
| $17.9M | 0.01% |
1,631,348
-1,105,981
| -40% | -$9.37M |
|
1633
CALL
Hewlett Packard
HPE
$60.4B
| $17.9M | 0.01% |
874,200
-189,300
| -18% | -$3.17M |
|
1634
MDU Resources
MDU
$4.31B
| $17.9M | 0.01% |
1,071,048
-272,931
| -20% | -$4.59M |
|
1635
BellRing Brands
BRBR
$1.59B
| $17.8M | 0.01% |
307,905
-1,026,850
| -77% | -$68.5M |
|
1636
Macy's
M
$6.62B
| $17.8M | 0.01% |
1,529,039
+1,010,410
| +195% | +$11.7M |
|
1637
Waters Corp
WAT
$37.7B
| $17.8M | 0.01% |
51,038
+43,135
| +546% | +$14.8M |
|
1638
CALL
Parker-Hannifin
PH
$125B
| $17.8M | 0.01% |
25,500
-32,600
| -56% | -$20.6M |
|
1639
InMode
INMD
$889M
| $17.8M | 0.01% |
1,233,065
+1,146,593
| +1,326% | +$16.8M |
|
1640
California Resources
CRC
$4.38B
| $17.8M | 0.01% |
389,152
-287,941
| -43% | -$11.8M |
|
1641
PUT
Vertex Pharmaceuticals
VRTX
$124B
| $17.8M | 0.01% |
39,900
-40,000
| -50% | -$18.4M |
|
1642
PUT
KKR & Co
KKR
$92.2B
| $17.7M | 0.01% |
133,400
-37,500
| -22% | -$4.39M |
|
1643
CALL
Mondelez International
MDLZ
$80.2B
| $17.7M | 0.01% |
262,300
-84,400
| -24% | -$5.63M |
|
1644
Embecta
EMBC
$213M
| $17.7M | 0.01% |
1,824,939
+937,988
| +106% | +$10.6M |
|
1645
Ultragenyx Pharmaceutical
RARE
$2.56B
| $17.7M | 0.01% |
486,341
-226,052
| -32% | -$8.15M |
|
1646
Methanex
MEOH
$4.12B
| $17.7M | 0.01% |
533,731
+118,122
| +28% | +$3.81M |
|
1647
Cheesecake Factory
CAKE
$4.42B
| $17.7M | 0.01% |
281,854
-121,694
| -30% | -$6.47M |
|
1648
CALL
Carnival Corporation Ltd
CCL
$38.7B
| $17.6M | 0.01% |
625,300
+528,900
| +549% | +$11.3M |
|
1649
Allison Transmission
ALSN
$10B
| $17.6M | 0.01% |
184,797
-185,253
| -50% | -$17.9M |
|
1650
WEC Energy
WEC
$37B
| $17.5M | 0.01% |
168,237
+135,905
| +420% | +$14.5M |
|
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.