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 | |
|---|---|---|---|---|---|---|
2426
Akebia Therapeutics
AKBA
$338M
| $7.88M | ﹤0.01% |
2,163,499
+959,647
| +80% | +$2.64M |
|
2427
Independent Bank Corp
IBCP
$796M
| $7.86M | ﹤0.01% |
242,574
+111,621
| +85% | +$3.46M |
|
2428
Paycom
PAYC
$7.88B
| $7.85M | ﹤0.01% |
33,930
+21,381
| +170% | +$5.07M |
|
|
DAWN
2429
DELISTED
Day One Biopharmaceuticals
DAWN
| $7.85M | ﹤0.01% |
1,207,802
-112,293
| -9% | -$772K |
|
2430
CALL
Suncor Energy
SU
$77.7B
| $7.85M | ﹤0.01% |
182,400
+79,300
| +77% | +$2.87M |
|
2431
PUT
Alcoa
AA
$11.3B
| $7.84M | ﹤0.01% |
265,700
-3,000
| -1% | -$81K |
|
2432
CALL
Lennar Class A
LEN
$20.4B
| $7.83M | ﹤0.01% |
70,800
-444,000
| -86% | -$48.1M |
|
2433
CALL
Trane Technologies
TT
$98.8B
| $7.83M | ﹤0.01% |
17,900
+1,900
| +12% | +$750K |
|
2434
PUT
Upstart Holdings
UPST
$2.55B
| $7.82M | ﹤0.01% |
120,900
-134,600
| -53% | -$6.6M |
|
2435
Rapid7
RPD
$628M
| $7.82M | ﹤0.01% |
338,047
+199,933
| +145% | +$4.74M |
|
|
KW
2436
DELISTED
Kennedy-Wilson Holdings
KW
| $7.82M | ﹤0.01% |
1,149,852
+467,498
| +69% | +$3.12M |
|
2437
Cohen & Steers
CNS
$4.2B
| $7.82M | ﹤0.01% |
103,756
+10,581
| +11% | +$813K |
|
2438
Ibotta
IBTA
$618M
| $7.81M | ﹤0.01% |
+213,378
| New | +$9.97M |
|
2439
Trip.com Group
TCOM
$29B
| $7.81M | ﹤0.01% |
133,121
-1,046,163
| -89% | -$62.9M |
|
2440
Intellia Therapeutics
NTLA
$1.51B
| $7.79M | ﹤0.01% |
831,006
+244,517
| +42% | +$2.01M |
|
2441
CALL
Realty Income
O
$61.1B
| $7.78M | ﹤0.01% |
135,000
+30,700
| +29% | +$1.74M |
|
2442
Repay Holdings
RPAY
$335M
| $7.77M | ﹤0.01% |
1,612,437
-553,663
| -26% | -$2.53M |
|
2443
iShares Russell 1000 Growth ETF
IWF
$117B
| $7.76M | ﹤0.01% |
73,092
+62,536
| +592% | +$5.98M |
|
2444
CALL
Zillow
Z
$7.78B
| $7.74M | ﹤0.01% |
110,500
-2,400
| -2% | -$162K |
|
2445
SPDR Gold Trust
GLD
$131B
| $7.74M | ﹤0.01% |
25,378
-56,283
| -69% | -$17M |
|
2446
PUT
Celanese
CE
$4.82B
| $7.74M | ﹤0.01% |
139,800
-10,000
| -7% | -$498K |
|
|
STR
2447
DELISTED
Sitio Royalties
STR
| $7.73M | ﹤0.01% |
420,702
+124,180
| +42% | +$2.23M |
|
|
P
2448
CALL
Everpure Inc
P
$23B
| $7.73M | ﹤0.01% |
134,200
-151,900
| -53% | -$7.56M |
|
2449
The Honest Company
HNST
$412M
| $7.73M | ﹤0.01% |
1,517,840
-419,006
| -22% | -$2.01M |
|
2450
PUT
DexCom
DXCM
$29B
| $7.73M | ﹤0.01% |
88,500
-55,200
| -38% | -$4.33M |
|
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.