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 | |
|---|---|---|---|---|---|---|
|
AXON
1726
CALL
Axon Enterprise
AXON
$44B
| $16.3M | 0.01% |
19,700
-6,600
| -25% | -$4.49M |
|
|
ARDT
1727
Ardent Health
ARDT
$1.6B
| $16.3M | 0.01% |
1,190,744
+231,749
| +24% | +$3.12M |
|
1728
CALL
Manulife Financial
MFC
$72.9B
| $16.2M | 0.01% |
372,800
| – | – |
|
1729
WillScot Mobile Mini Holdings
WSC
$4.44B
| $16.2M | 0.01% |
590,549
-168,524
| -22% | -$4.49M |
|
1730
Bilibili
BILI
$7.81B
| $16.2M | 0.01% |
754,219
-3,586,922
| -83% | -$66M |
|
1731
ThredUp
TDUP
$751M
| $16.2M | 0.01% |
2,156,486
+960,589
| +80% | +$5.65M |
|
1732
Emerson Electric
EMR
$82.4B
| $16.1M | 0.01% |
121,063
-361,702
| -75% | -$41.5M |
|
1733
PUT
Okta
OKTA
$23.6B
| $16.1M | 0.01% |
161,400
-95,100
| -37% | -$10.2M |
|
1734
Clean Harbors
CLH
$17.2B
| $16.1M | 0.01% |
69,617
-293,275
| -81% | -$64.2M |
|
1735
Driven Brands
DRVN
$2.47B
| $16.1M | 0.01% |
915,525
-290,037
| -24% | -$4.98M |
|
|
HUT
1736
Hut 8
HUT
$10.3B
| $16.1M | 0.01% |
863,789
+533,373
| +161% | +$7.96M |
|
1737
Iovance Biotherapeutics
IOVA
$2.03B
| $16M | 0.01% |
9,330,223
+9,171,900
| +5,793% | +$22.8M |
|
1738
CALL
Kroger
KR
$36.8B
| $16M | 0.01% |
223,700
-512,600
| -70% | -$35.4M |
|
1739
Lennox International
LII
$15.2B
| $16M | 0.01% |
27,979
-91,639
| -77% | -$51.2M |
|
|
DVAX
1740
DELISTED
Dynavax Technologies
DVAX
| $16M | 0.01% |
1,613,056
+1,386,541
| +612% | +$14.6M |
|
1741
PUT
Toronto Dominion Bank
TD
$196B
| $16M | 0.01% |
162,800
-101,000
| -38% | -$6.59M |
|
|
WBA
1742
DELISTED
Walgreens Boots Alliance
WBA
| $16M | 0.01% |
1,390,369
-3,264,694
| -70% | -$36.3M |
|
|
MAG
1743
DELISTED
MAG Silver
MAG
| $16M | 0.01% |
755,358
-72,056
| -9% | -$1.28M |
|
1744
HUB Group
HUBG
$2.88B
| $16M | 0.01% |
477,443
+304,288
| +176% | +$10.2M |
|
1745
Sphere Entertainment
SPHR
$4.87B
| $15.9M | 0.01% |
381,307
+361,727
| +1,847% | +$12.2M |
|
|
ATXS
1746
DELISTED
Astria Therapeutics
ATXS
| $15.9M | 0.01% |
2,969,727
+1,335,572
| +82% | +$6.47M |
|
1747
PUT
Danaher
DHR
$141B
| $15.9M | 0.01% |
80,400
-227,800
| -74% | -$44.2M |
|
1748
Krispy Kreme
DNUT
$559M
| $15.9M | 0.01% |
5,454,904
+3,361,488
| +161% | +$11.7M |
|
1749
Vista Energy
VIST
$7.44B
| $15.8M | 0.01% |
330,449
+316,507
| +2,270% | +$15M |
|
1750
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.8B
| $15.8M | 0.01% |
145,000
-494,800
| -77% | -$50.6M |
|
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.