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 | |
|---|---|---|---|---|---|---|
1976
Henry Schein
HSIC
$9.78B
| $12.2M | 0.01% |
167,170
+48,207
| +41% | +$3.32M |
|
|
SILA
1977
DELISTED
Sila Realty Trust
SILA
| $12.2M | 0.01% |
515,471
-91,640
| -15% | -$2.31M |
|
1978
Eldorado Gold
EGO
$8.33B
| $12.2M | 0.01% |
599,280
+558,793
| +1,380% | +$10.9M |
|
|
BORR
1979
Borr Drilling
BORR
$1.19B
| $12.1M | 0.01% |
6,638,574
+2,828,018
| +74% | +$5.34M |
|
|
PMT
1980
PennyMac Mortgage Investment
PMT
$845M
| $12.1M | 0.01% |
+944,661
| New | +$12M |
|
|
ESGR
1981
DELISTED
Enstar Group
ESGR
| $12.1M | 0.01% |
36,117
-87,219
| -71% | -$29.2M |
|
1982
Photronics
PLAB
$1.65B
| $12.1M | 0.01% |
644,264
+558,701
| +653% | +$10.5M |
|
1983
DTE Energy
DTE
$29.9B
| $12.1M | 0.01% |
91,539
-1,701,729
| -95% | -$229M |
|
|
BBT
1984
Beacon Financial Corp
BBT
$2.5B
| $12.1M | 0.01% |
483,721
+122,927
| +34% | +$3.06M |
|
1985
CALL
Baxter International
BAX
$12.8B
| $12.1M | 0.01% |
+400,000
| New | +$12.1M |
|
1986
AXIS Capital
AXS
$7.81B
| $12.1M | 0.01% |
116,621
-95,620
| -45% | -$9.52M |
|
|
FFIC
1987
DELISTED
Flushing Financial
FFIC
| $12.1M | 0.01% |
1,018,839
+495,759
| +95% | +$5.98M |
|
1988
Edgewise Therapeutics
EWTX
$4.28B
| $12.1M | 0.01% |
921,965
+306,847
| +50% | +$4.42M |
|
1989
Select Water Solutions
WTTR
$2.22B
| $12.1M | 0.01% |
1,397,631
+422,810
| +43% | +$3.65M |
|
1990
Advance Auto Parts
AAP
$3.53B
| $12.1M | 0.01% |
259,602
-525,105
| -67% | -$21M |
|
1991
AppFolio
APPF
$6.62B
| $12M | 0.01% |
52,285
+34,230
| +190% | +$7.46M |
|
1992
QuantumScape Corp
QS
$3.05B
| $12M | 0.01% |
1,789,043
-268,028
| -13% | -$1.13M |
|
1993
CALL
BP
BP
$112B
| $12M | 0.01% |
401,500
+12,100
| +3% | +$355K |
|
1994
U-Haul Holding Co Series N
UHAL.B
$12.4B
| $12M | 0.01% |
221,016
+63,350
| +40% | +$3.54M |
|
1995
CALL
TPG
TPG
$6.76B
| $12M | 0.01% |
+229,000
| New | +$11M |
|
1996
Trupanion
TRUP
$1.13B
| $12M | 0.01% |
216,582
-51,394
| -19% | -$2.28M |
|
1997
Crocs
CROX
$6.63B
| $12M | 0.01% |
118,226
-488,539
| -81% | -$49.8M |
|
|
WBA
1998
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $12M | 0.01% |
1,041,500
+154,500
| +17% | +$1.72M |
|
1999
Warner Bros
WBD
$64.3B
| $11.9M | 0.01% |
1,042,147
-2,110,058
| -67% | -$19.7M |
|
2000
PUT
Phillips 66
PSX
$82.9B
| $11.9M | 0.01% |
100,000
-28,800
| -22% | -$3.23M |
|
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.