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 | |
|---|---|---|---|---|---|---|
|
MAGN
2326
Magnera Corp
MAGN
$493M
| $8.7M | ﹤0.01% |
720,259
-463,763
| -39% | -$6.38M |
|
2327
PUT
Cheniere Energy
LNG
$54.2B
| $8.69M | ﹤0.01% |
35,700
-195,800
| -85% | -$45.3M |
|
2328
Toyota
TM
$228B
| $8.69M | ﹤0.01% |
50,467
-23,719
| -32% | -$4.29M |
|
2329
Lightbridge
LTBR
$251M
| $8.69M | ﹤0.01% |
650,178
+490,836
| +308% | +$5.42M |
|
2330
PUT
Bunge Global
BG
$20.9B
| $8.68M | ﹤0.01% |
108,100
-7,100
| -6% | -$559K |
|
2331
Immunocore
IMCR
$1.7B
| $8.68M | ﹤0.01% |
276,502
-8,768
| -3% | -$272K |
|
|
SUPV
2332
Grupo Supervielle
SUPV
$823M
| $8.68M | ﹤0.01% |
819,212
+67,088
| +9% | +$909K |
|
2333
ENI
E
$78B
| $8.66M | ﹤0.01% |
267,203
+92,911
| +53% | +$2.76M |
|
2334
Novanta
NOVT
$4.91B
| $8.66M | ﹤0.01% |
67,188
-180,660
| -73% | -$22M |
|
2335
Denison Mines
DNN
$2.43B
| $8.65M | ﹤0.01% |
4,746,410
-963,920
| -17% | -$1.46M |
|
2336
Ryman Hospitality Properties
RHP
$8.56B
| $8.65M | ﹤0.01% |
87,624
-132,628
| -60% | -$12.4M |
|
2337
Federal Agricultural Mortgage
AGM
$2.32B
| $8.64M | ﹤0.01% |
44,464
+15,001
| +51% | +$2.75M |
|
2338
CoStar Group
CSGP
$12.2B
| $8.63M | ﹤0.01% |
107,317
-218,111
| -67% | -$17M |
|
|
ARIS
2339
DELISTED
Aris Water Solutions
ARIS
| $8.62M | ﹤0.01% |
364,620
+186,543
| +105% | +$4.6M |
|
2340
CALL
Howmet Aerospace
HWM
$109B
| $8.62M | ﹤0.01% |
46,300
-37,400
| -45% | -$5.75M |
|
2341
PUT
ResMed
RMD
$31.1B
| $8.62M | ﹤0.01% |
33,400
+12,400
| +59% | +$2.96M |
|
2342
Sherwin-Williams
SHW
$83.5B
| $8.61M | ﹤0.01% |
25,076
-45,664
| -65% | -$15.8M |
|
2343
Vitamin Cottage Natural Grocers
NGVC
$760M
| $8.6M | ﹤0.01% |
219,177
-38,387
| -15% | -$1.78M |
|
2344
Fortrea Holdings
FTRE
$1.93B
| $8.6M | ﹤0.01% |
1,740,746
-1,758,474
| -50% | -$9.45M |
|
2345
Laureate Education
LAUR
$5.38B
| $8.59M | ﹤0.01% |
367,398
+165,094
| +82% | +$3.54M |
|
2346
CALL
Air Products & Chemicals
APD
$65.5B
| $8.57M | ﹤0.01% |
30,400
+6,500
| +27% | +$1.78M |
|
2347
ImmunityBio
IBRX
$7.15B
| $8.56M | ﹤0.01% |
3,243,706
+2,813,953
| +655% | +$7.57M |
|
2348
Viper Energy
VNOM
$8.43B
| $8.56M | ﹤0.01% |
224,529
-878,898
| -80% | -$35.6M |
|
|
MRSH
2349
PUT
Marsh
MRSH
$94.3B
| $8.55M | ﹤0.01% |
39,100
-4,400
| -10% | -$993K |
|
2350
Strategic Education
STRA
$1.98B
| $8.54M | ﹤0.01% |
100,316
+62,140
| +163% | +$5.28M |
|
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.