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 | |
|---|---|---|---|---|---|---|
1776
Boyd Gaming
BYD
$6.71B
| $15.2M | 0.01% |
194,214
-43,224
| -18% | -$3.09M |
|
|
DX
1777
Dynex Capital
DX
$3.18B
| $15.2M | 0.01% |
1,242,749
-2,034,032
| -62% | -$24.7M |
|
1778
Oceaneering
OII
$4.71B
| $15.2M | 0.01% |
732,371
+630,543
| +619% | +$12.2M |
|
|
PRSU
1779
Pursuit Attractions and Hospitality Inc
PRSU
$1.45B
| $15.2M | 0.01% |
526,050
+514,466
| +4,441% | +$15.2M |
|
1780
Cytokinetics
CYTK
$10.7B
| $15.2M | 0.01% |
458,677
+170,776
| +59% | +$5.94M |
|
1781
Rocket Companies
RKT
$40.2B
| $15.2M | 0.01% |
1,068,610
+489,306
| +84% | +$6.35M |
|
1782
PUT
Duke Energy
DUK
$101B
| $15.1M | 0.01% |
128,300
-33,300
| -21% | -$3.93M |
|
1783
PUT
Live Nation Entertainment
LYV
$42.2B
| $15.1M | 0.01% |
100,000
+89,700
| +871% | +$12.3M |
|
1784
Kura Oncology
KURA
$801M
| $15.1M | 0.01% |
2,621,522
+811,983
| +45% | +$4.97M |
|
1785
CALL
EOG Resources
EOG
$77.2B
| $15.1M | 0.01% |
126,200
-75,400
| -37% | -$8.62M |
|
1786
CALL
Bank of Montreal
BMO
$124B
| $15.1M | 0.01% |
100,000
| – | – |
|
1787
Factset
FDS
$10.2B
| $15M | 0.01% |
33,598
-76,811
| -70% | -$33.6M |
|
|
CALY
1788
Callaway Golf Company
CALY
$3.29B
| $15M | 0.01% |
1,866,794
-1,636,044
| -47% | -$11.3M |
|
1789
Camtek
CAMT
$6.02B
| $15M | 0.01% |
177,569
+11,453
| +7% | +$772K |
|
|
CHYM
1790
Chime Financial
CHYM
$8.53B
| $15M | 0.01% |
+435,057
| New | +$14.3M |
|
1791
CALL
ARK Innovation ETF
ARKK
$5.65B
| $15M | 0.01% |
213,300
+17,300
| +9% | +$954K |
|
1792
Syndax Pharmaceuticals
SNDX
$1.7B
| $15M | 0.01% |
1,598,613
+1,169,961
| +273% | +$12.9M |
|
1793
CALL
DraftKings
DKNG
$12.2B
| $15M | 0.01% |
348,800
-369,000
| -51% | -$13.2M |
|
1794
PUT
Texas Roadhouse
TXRH
$13.7B
| $14.9M | 0.01% |
79,700
+69,500
| +681% | +$12.5M |
|
1795
LiveRamp
RAMP
$2.3B
| $14.9M | 0.01% |
451,252
+394,678
| +698% | +$11.5M |
|
1796
CALL
Enphase Energy
ENPH
$4.78B
| $14.9M | 0.01% |
376,000
+326,900
| +666% | +$15.1M |
|
1797
Enact Holdings
ACT
$6.76B
| $14.9M | 0.01% |
400,896
-285,237
| -42% | -$10.1M |
|
1798
Strive Inc
ASST
$956M
| $14.9M | 0.01% |
+555,556
| New | +$44.9M |
|
1799
DigitalOcean
DOCN
$12.7B
| $14.9M | 0.01% |
520,821
+410,480
| +372% | +$12M |
|
1800
PUT
Kraft Heinz
KHC
$33B
| $14.8M | 0.01% |
573,900
-534,400
| -48% | -$14.8M |
|
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.