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 | |
|---|---|---|---|---|---|---|
2276
Impinj
PI
$4.24B
| $9.08M | ﹤0.01% |
81,740
+77,287
| +1,736% | +$7.68M |
|
2277
Tango Therapeutics
TNGX
$4.21B
| $9.07M | ﹤0.01% |
1,772,304
+301,372
| +20% | +$745K |
|
|
MPT
2278
Medical Properties Trust
MPT
$2.84B
| $9.07M | ﹤0.01% |
2,104,430
+1,875,406
| +819% | +$9.27M |
|
2279
MGIC Investment
MTG
$6.47B
| $9.07M | ﹤0.01% |
325,791
-1,974,805
| -86% | -$50.8M |
|
2280
CALL
Pinterest
PINS
$13.7B
| $9.05M | ﹤0.01% |
252,500
-143,500
| -36% | -$4.35M |
|
2281
SoundHound AI
SOUN
$2.48B
| $9.05M | ﹤0.01% |
843,194
-116,705
| -12% | -$1.1M |
|
2282
PUT
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.53B
| $9.03M | ﹤0.01% |
327,900
+282,500
| +622% | +$7.46M |
|
2283
Zegna
ZGN
$4.01B
| $8.98M | ﹤0.01% |
1,050,163
-98,892
| -9% | -$797K |
|
2284
CALL
Electronic Arts
EA
$52.7B
| $8.98M | ﹤0.01% |
56,200
-125,800
| -69% | -$18.6M |
|
2285
FB Financial Corp
FBK
$2.98B
| $8.97M | ﹤0.01% |
198,094
-156,062
| -44% | -$6.78M |
|
2286
CALL
Hims & Hers Health
HIMS
$5.79B
| $8.97M | ﹤0.01% |
179,900
+53,800
| +43% | +$2.43M |
|
2287
CALL
Digital Realty Trust
DLR
$69.6B
| $8.96M | ﹤0.01% |
51,400
+11,900
| +30% | +$1.95M |
|
2288
Dorian LPG
LPG
$1.96B
| $8.96M | ﹤0.01% |
367,454
-630,016
| -63% | -$13.9M |
|
2289
CALL
Dutch Bros
BROS
$8.86B
| $8.95M | ﹤0.01% |
130,900
+1,300
| +1% | +$84.8K |
|
2290
CALL
Baker Hughes
BKR
$58.3B
| $8.94M | ﹤0.01% |
233,200
-43,900
| -16% | -$1.66M |
|
2291
Woodside Energy
WDS
$44.2B
| $8.94M | ﹤0.01% |
579,445
+325,209
| +128% | +$4.55M |
|
|
ORC
2292
Orchid Island Capital
ORC
$1.31B
| $8.93M | ﹤0.01% |
1,273,489
+237,102
| +23% | +$1.64M |
|
2293
Perspective Therapeutics
CATX
$327M
| $8.92M | ﹤0.01% |
2,593,599
+2,485,612
| +2,302% | +$6.56M |
|
2294
Treace Medical Concepts
TMCI
$262M
| $8.92M | ﹤0.01% |
1,517,211
+1,072,324
| +241% | +$6.99M |
|
|
PPLI
2295
People Inc
PPLI
$3.12B
| $8.92M | ﹤0.01% |
238,895
+169,618
| +245% | +$6.13M |
|
2296
CALL
Ecolab
ECL
$79.8B
| $8.92M | ﹤0.01% |
33,100
+27,400
| +481% | +$6.96M |
|
2297
Snap
SNAP
$7.96B
| $8.92M | ﹤0.01% |
1,026,232
+549,846
| +115% | +$4.56M |
|
2298
Surgery Partners
SGRY
$2.15B
| $8.89M | ﹤0.01% |
400,134
+197,860
| +98% | +$4.4M |
|
2299
Evolv Technologies
EVLV
$998M
| $8.87M | ﹤0.01% |
+1,421,269
| New | +$6.58M |
|
2300
PUT
Lennar Class A
LEN
$20.4B
| $8.86M | ﹤0.01% |
80,100
-96,500
| -55% | -$10.5M |
|
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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.