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 | |
|---|---|---|---|---|---|---|
2026
Illumina
ILMN
$29.5B
| $11.6M | 0.01% |
121,526
-210,782
| -63% | -$17.1M |
|
|
XYZ
2027
PUT
Block Inc
XYZ
$48.9B
| $11.6M | 0.01% |
170,600
+76,000
| +80% | +$4.42M |
|
2028
ManpowerGroup
MAN
$2.6B
| $11.6M | 0.01% |
286,691
-26,217
| -8% | -$1.14M |
|
2029
CALL
American Electric Power
AEP
$70.4B
| $11.6M | 0.01% |
111,600
+76,000
| +213% | +$7.91M |
|
2030
CALL
McKesson
MCK
$104B
| $11.6M | 0.01% |
15,800
+7,100
| +82% | +$5.01M |
|
2031
iShares US Telecommunications ETF
IYZ
$1.16B
| $11.6M | 0.01% |
+388,671
| New | +$10.7M |
|
2032
Brixmor Property Group
BRX
$9.72B
| $11.6M | 0.01% |
444,069
+310,778
| +233% | +$7.9M |
|
|
CRWV
2033
CALL
CoreWeave
CRWV
$33.2B
| $11.6M | 0.01% |
+70,900
| New | +$6.54M |
|
2034
Carlisle Companies
CSL
$13.5B
| $11.6M | 0.01% |
30,941
+18,524
| +149% | +$6.88M |
|
2035
PUT
Alibaba
BABA
$276B
| $11.5M | 0.01% |
101,800
-1,506,900
| -94% | -$178M |
|
2036
SLB Ltd
SLB
$72.7B
| $11.5M | 0.01% |
340,821
+209,549
| +160% | +$7.27M |
|
2037
NovoCure
NVCR
$1.76B
| $11.5M | 0.01% |
646,780
+95,519
| +17% | +$1.66M |
|
2038
PUT
The Mosaic Company
MOS
$7.19B
| $11.5M | 0.01% |
315,400
-65,200
| -17% | -$2.09M |
|
2039
NB Bancorp
NBBK
$993M
| $11.5M | 0.01% |
643,071
+389,528
| +154% | +$6.58M |
|
2040
Vishay Intertechnology
VSH
$4.6B
| $11.5M | 0.01% |
721,685
+551,911
| +325% | +$7.67M |
|
2041
First Busey Corp
BUSE
$2.6B
| $11.5M | 0.01% |
500,545
-26,840
| -5% | -$581K |
|
2042
CALL
NetApp
NTAP
$33.9B
| $11.5M | 0.01% |
107,500
+32,800
| +44% | +$3.11M |
|
2043
PUT
Peloton Interactive
PTON
$2.85B
| $11.4M | 0.01% |
1,647,700
+133,300
| +9% | +$866K |
|
|
KLC
2044
KinderCare Learning Companies
KLC
$645M
| $11.4M | 0.01% |
1,131,228
+467,361
| +70% | +$5.41M |
|
2045
CALL
Moderna
MRNA
$21.6B
| $11.4M | 0.01% |
414,000
+238,800
| +136% | +$6.29M |
|
2046
PUT
Jabil
JBL
$30.1B
| $11.4M | 0.01% |
52,300
-12,200
| -19% | -$1.98M |
|
2047
PagSeguro Digital
PAGS
$2.67B
| $11.4M | 0.01% |
1,183,209
-366,526
| -24% | -$3.3M |
|
2048
Lexeo Therapeutics
LXEO
$338M
| $11.4M | 0.01% |
2,836,292
+1,764,803
| +165% | +$5.8M |
|
2049
BBVA Argentina
BBAR
$3.85B
| $11.4M | 0.01% |
692,231
+349,293
| +102% | +$6.67M |
|
2050
CALL
DoorDash
DASH
$84.3B
| $11.4M | 0.01% |
46,200
+2,800
| +6% | +$562K |
|
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.