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 | |
|---|---|---|---|---|---|---|
1751
UMB Financial
UMBF
$11.2B
| $15.7M | 0.01% |
149,704
-336,045
| -69% | -$33.5M |
|
1752
PUT
Hertz
HTZ
$505M
| $15.7M | 0.01% |
2,303,000
-200,000
| -8% | -$1.25M |
|
1753
PUT
CoStar Group
CSGP
$12.1B
| $15.7M | 0.01% |
195,600
-40,400
| -17% | -$3.15M |
|
1754
PUT
American Airlines Group
AAL
$9.98B
| $15.7M | 0.01% |
1,401,600
-866,400
| -38% | -$9.28M |
|
1755
Pitney Bowes
PBI
$2.44B
| $15.7M | 0.01% |
1,439,481
+797,726
| +124% | +$7.51M |
|
1756
United States Lime & Minerals
USLM
$3.16B
| $15.7M | 0.01% |
156,850
-36,538
| -19% | -$3.57M |
|
|
ETWO
1757
DELISTED
E2open Parent Holdings
ETWO
| $15.6M | 0.01% |
4,841,993
+2,985,988
| +161% | +$7.86M |
|
1758
BILL Holdings
BILL
$4.75B
| $15.6M | 0.01% |
337,476
-372,039
| -52% | -$16.4M |
|
1759
CALL
Southern Company
SO
$109B
| $15.6M | 0.01% |
170,000
+116,700
| +219% | +$10.5M |
|
1760
Semtech
SMTC
$9.71B
| $15.6M | 0.01% |
344,928
+2,290
| +0.7% | +$81.5K |
|
1761
Clarivate
CLVT
$1.32B
| $15.5M | 0.01% |
3,603,525
+2,414,547
| +203% | +$9.72M |
|
1762
Lear
LEA
$7.42B
| $15.4M | 0.01% |
162,589
+108,807
| +202% | +$9.57M |
|
1763
Pentair
PNR
$10.8B
| $15.4M | 0.01% |
150,194
-359,637
| -71% | -$33.6M |
|
1764
Transmedics
TMDX
$2.65B
| $15.4M | 0.01% |
+114,914
| New | +$12.6M |
|
1765
CALL
Estee Lauder
EL
$30.8B
| $15.4M | 0.01% |
190,200
+103,300
| +119% | +$6.65M |
|
1766
Wayfair
W
$11.8B
| $15.4M | 0.01% |
300,374
+149,946
| +100% | +$5.6M |
|
1767
CALL
Humana
HUM
$43.8B
| $15.4M | 0.01% |
62,800
-8,700
| -12% | -$2.17M |
|
1768
PUT
Synopsys
SNPS
$72.5B
| $15.3M | 0.01% |
29,900
-900
| -3% | -$419K |
|
1769
ARS Pharmaceuticals
SPRY
$552M
| $15.3M | 0.01% |
878,157
+71,121
| +9% | +$1.03M |
|
1770
Dow Inc
DOW
$21.8B
| $15.3M | 0.01% |
577,999
+429,430
| +289% | +$12.5M |
|
1771
Ginkgo Bioworks
DNA
$495M
| $15.2M | 0.01% |
1,354,617
-72,983
| -5% | -$565K |
|
1772
PUT
Centene
CNC
$31B
| $15.2M | 0.01% |
280,600
+237,300
| +548% | +$13.9M |
|
1773
Amprius Technologies
AMPX
$1.22B
| $15.2M | 0.01% |
3,616,380
+2,220,367
| +159% | +$6.25M |
|
1774
PUT
Waste Management
WM
$96B
| $15.2M | 0.01% |
66,500
+32,800
| +97% | +$7.61M |
|
1775
1st Source
SRCE
$2.19B
| $15.2M | 0.01% |
245,102
+2,636
| +1% | +$157K |
|
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.