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 | |
|---|---|---|---|---|---|---|
2401
Korn Ferry
KFY
$4.31B
| $8.06M | ﹤0.01% |
109,974
-14,812
| -12% | -$986K |
|
2402
Hyliion Holdings
HYLN
$578M
| $8.05M | ﹤0.01% |
6,100,856
-194,904
| -3% | -$284K |
|
2403
Criteo S.A. Ordinary Shares
CRTO
$1.14B
| $8.05M | ﹤0.01% |
335,900
+291,605
| +658% | +$8.21M |
|
2404
PUT
American Tower
AMT
$83.5B
| $8.05M | ﹤0.01% |
36,400
-31,600
| -46% | -$6.82M |
|
2405
CALL
D.R. Horton
DHI
$41.2B
| $8.02M | ﹤0.01% |
62,200
+19,500
| +46% | +$2.4M |
|
2406
Avient
AVNT
$3.29B
| $7.99M | ﹤0.01% |
247,444
+238,960
| +2,817% | +$8.27M |
|
2407
Texas Pacific Land
TPL
$26.9B
| $7.99M | ﹤0.01% |
22,689
+19,752
| +673% | +$8.08M |
|
2408
Bank of N.T. Butterfield & Son
NTB
$2.41B
| $7.99M | ﹤0.01% |
180,334
-9,727
| -5% | -$398K |
|
|
ALEX
2409
DELISTED
Alexander & Baldwin
ALEX
| $7.98M | ﹤0.01% |
447,617
-290,314
| -39% | -$5.05M |
|
2410
Genmab
GMAB
$17.5B
| $7.98M | ﹤0.01% |
386,296
-482,534
| -56% | -$9.91M |
|
2411
AvePoint
AVPT
$2.76B
| $7.97M | ﹤0.01% |
412,863
-1,645,229
| -80% | -$28.5M |
|
2412
PUT
Colgate-Palmolive
CL
$74.8B
| $7.97M | ﹤0.01% |
87,700
+13,600
| +18% | +$1.24M |
|
|
XIFR
2413
XPLR Infrastructure LP
XIFR
$1.04B
| $7.97M | ﹤0.01% |
971,517
-366,024
| -27% | -$3.18M |
|
2414
CALL
Equinix
EQIX
$99.4B
| $7.95M | ﹤0.01% |
10,000
+8,900
| +809% | +$7.55M |
|
|
PARA
2415
CALL
DELISTED
Paramount Global Class B
PARA
| $7.95M | ﹤0.01% |
616,600
-277,200
| -31% | -$3.25M |
|
2416
Hayward Holdings
HAYW
$3.23B
| $7.95M | ﹤0.01% |
575,898
+89,766
| +18% | +$1.21M |
|
2417
CALL
Builders FirstSource
BLDR
$7.29B
| $7.93M | ﹤0.01% |
68,000
+64,100
| +1,644% | +$7.4M |
|
2418
CALL
XPeng
XPEV
$12.5B
| $7.92M | ﹤0.01% |
443,000
+321,600
| +265% | +$6.28M |
|
|
OPRA
2419
Opera Ltd
OPRA
$1.68B
| $7.92M | ﹤0.01% |
419,035
+217,200
| +108% | +$3.72M |
|
2420
Portillo's
PTLO
$345M
| $7.9M | ﹤0.01% |
677,223
+616,993
| +1,024% | +$7.12M |
|
2421
CALL
MSCI
MSCI
$42.4B
| $7.9M | ﹤0.01% |
13,700
-20,300
| -60% | -$11.2M |
|
2422
Kraft Heinz
KHC
$32.8B
| $7.9M | ﹤0.01% |
305,951
-1,978,116
| -87% | -$54.9M |
|
|
BBNX
2423
Beta Bionics
BBNX
$676M
| $7.89M | ﹤0.01% |
+542,198
| New | +$7.68M |
|
2424
PUT
Yeti Holdings
YETI
$3.87B
| $7.88M | ﹤0.01% |
+250,000
| New | +$7.5M |
|
|
VG
2425
Venture Global Inc
VG
$32.4B
| $7.88M | ﹤0.01% |
505,695
-2,610,722
| -84% | -$30.2M |
|
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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.