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 | |
|---|---|---|---|---|---|---|
|
HNGE
2001
Hinge Health
HNGE
$5.73B
| $11.9M | 0.01% |
+229,756
| New | +$9.29M |
|
|
SHOE
2002
Shoe Station Group
SHOE
$424M
| $11.9M | 0.01% |
635,344
+313,580
| +97% | +$5.96M |
|
2003
Donnelley Financial Solutions
DFIN
$1.28B
| $11.9M | 0.01% |
192,515
+23,614
| +14% | +$1.22M |
|
2004
PUT
Pembina Pipeline
PBA
$29.3B
| $11.9M | 0.01% |
232,000
| – | – |
|
2005
Certara
CERT
$1.26B
| $11.8M | 0.01% |
1,012,646
+309,813
| +44% | +$3.67M |
|
2006
Fastenal
FAST
$54.8B
| $11.8M | 0.01% |
281,719
+208,523
| +285% | +$8.46M |
|
2007
Summit Therapeutics
SMMT
$10.2B
| $11.8M | 0.01% |
556,009
-331,000
| -37% | -$7.55M |
|
2008
PUT
GameStop
GME
$9.8B
| $11.8M | 0.01% |
+485,100
| New | +$13M |
|
2009
Adaptive Biotechnologies
ADPT
$3.61B
| $11.8M | 0.01% |
1,014,642
-1,980,659
| -66% | -$18M |
|
2010
AtriCure
ATRC
$2.08B
| $11.8M | 0.01% |
360,065
-263,258
| -42% | -$8.56M |
|
2011
Liberty Live Group Series C
LLYVK
$9.54B
| $11.8M | 0.01% |
145,382
-125,153
| -46% | -$9.23M |
|
2012
EverQuote
EVER
$949M
| $11.8M | 0.01% |
487,365
+39,742
| +9% | +$942K |
|
|
XYZ
2013
CALL
Block Inc
XYZ
$48.9B
| $11.8M | 0.01% |
173,100
+112,500
| +186% | +$6.55M |
|
|
BBBY
2014
Bed Bath & Beyond
BBBY
$479M
| $11.8M | 0.01% |
+1,879,811
| New | +$9.1M |
|
2015
Full Truck Alliance
YMM
$10B
| $11.8M | 0.01% |
995,510
-2,144,950
| -68% | -$25M |
|
|
SWTX
2016
CALL
DELISTED
SpringWorks Therapeutics
SWTX
| $11.7M | 0.01% |
+250,000
| New | +$11.1M |
|
2017
PUT
Mettler-Toledo International
MTD
$28.1B
| $11.7M | 0.01% |
10,000
+8,800
| +733% | +$9.83M |
|
2018
CALL
PACCAR
PCAR
$70.5B
| $11.7M | 0.01% |
123,500
-51,200
| -29% | -$4.73M |
|
2019
Patria Investments
PAX
$1.72B
| $11.7M | 0.01% |
834,129
+493,178
| +145% | +$5.91M |
|
2020
CALL
Cigna
CI
$78.4B
| $11.7M | 0.01% |
35,400
-31,400
| -47% | -$10.1M |
|
2021
Logitech
LOGI
$14.8B
| $11.7M | 0.01% |
129,839
+7,289
| +6% | +$591K |
|
2022
Ecovyst
ECVT
$1.32B
| $11.7M | 0.01% |
1,417,306
+891,293
| +169% | +$6.26M |
|
2023
AbCellera Biologics
ABCL
$1.65B
| $11.7M | 0.01% |
3,397,589
+2,527,880
| +291% | +$6.29M |
|
2024
Capital Southwest
CSWC
$1.47B
| $11.6M | 0.01% |
526,734
+37,742
| +8% | +$777K |
|
2025
RUM Group Inc
RUM
$1.56B
| $11.6M | 0.01% |
1,292,697
+890,663
| +222% | +$7.61M |
|
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.