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 |
NVIDIA
NVDA
|
+$1.78B |
| 2 |
Apple
AAPL
|
+$1.13B |
| 3 |
ETHA
iShares Ethereum Trust ETF
ETHA
|
+$834M |
| 4 |
iShares Core S&P 500 ETF
IVV
|
+$784M |
| 5 |
Norfolk Southern
NSC
|
+$613M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applovin
APP
|
+$1.19B |
| 2 |
Palantir
PLTR
|
+$742M |
| 3 |
HES
Hess
HES
|
+$478M |
| 4 |
Oracle
ORCL
|
+$465M |
| 5 |
Thomson Reuters
TRI
|
+$442M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 9.28% |
| 2 | Financials | 7.68% |
| 3 | Healthcare | 6.5% |
| 4 | Industrials | 5.87% |
| 5 | Consumer Discretionary | 4.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2476
Hexcel
HXL
$7.82B
| $8.4M | ﹤0.01% |
133,987
-349,161
| -72% | -$21.4M |
|
2477
CALL
PACCAR
PCAR
$70.1B
| $8.4M | ﹤0.01% |
85,400
-38,100
| -31% | -$3.76M |
|
2478
Sphere Entertainment
SPHR
$5.73B
| $8.37M | ﹤0.01% |
134,748
-246,559
| -65% | -$11.6M |
|
2479
CALL
Albemarle
ALB
$15.5B
| $8.36M | ﹤0.01% |
103,100
+96,400
| +1,439% | +$7.44M |
|
2480
Fresenius Medical Care
FMS
$12.9B
| $8.35M | ﹤0.01% |
317,109
+8,719
| +3% | +$224K |
|
2481
PUT
Becton Dickinson
BDX
$48.2B
| $8.35M | ﹤0.01% |
44,600
+15,200
| +52% | +$2.82M |
|
2482
CALL
CoStar Group
CSGP
$12.3B
| $8.33M | ﹤0.01% |
98,700
-40,100
| -29% | -$3.54M |
|
2483
Global Industrial
GIC
$1.49B
| $8.33M | ﹤0.01% |
227,039
+13,378
| +6% | +$449K |
|
2484
PUT
Ulta Beauty
ULTA
$24.3B
| $8.31M | ﹤0.01% |
15,200
-13,100
| -46% | -$6.71M |
|
|
SPNS
2485
DELISTED
Sapiens International
SPNS
| $8.3M | ﹤0.01% |
192,998
+42,624
| +28% | +$1.55M |
|
2486
PUT
PG&E
PCG
$38.5B
| $8.28M | ﹤0.01% |
548,900
+410,400
| +296% | +$5.99M |
|
|
MPT
2487
Medical Properties Trust
MPT
$2.81B
| $8.27M | ﹤0.01% |
1,631,613
-472,817
| -22% | -$2.08M |
|
|
BBBY
2488
Bed Bath & Beyond
BBBY
$442M
| $8.27M | ﹤0.01% |
929,437
-950,374
| -51% | -$7.86M |
|
2489
Domo
DOMO
$184M
| $8.26M | ﹤0.01% |
521,373
+186,232
| +56% | +$2.88M |
|
2490
Alphatec Holdings
ATEC
$1.44B
| $8.25M | ﹤0.01% |
567,578
+82,622
| +17% | +$1.15M |
|
2491
Par Pacific Holdings
PARR
$3.32B
| $8.25M | ﹤0.01% |
232,822
-571,463
| -71% | -$18.6M |
|
2492
Matrix Service
MTRX
$335M
| $8.25M | ﹤0.01% |
630,396
+200,189
| +47% | +$2.84M |
|
2493
Xencor
XNCR
$1.55B
| $8.24M | ﹤0.01% |
702,574
+355,640
| +103% | +$3.09M |
|
2494
VanEck Gold Miners ETF
GDX
$27.4B
| $8.24M | ﹤0.01% |
107,805
-3,711
| -3% | -$223K |
|
2495
ACM Research
ACMR
$5.79B
| $8.23M | ﹤0.01% |
210,338
-308,011
| -59% | -$9.14M |
|
2496
Gold Royalty Corp
GROY
$699M
| $8.22M | ﹤0.01% |
2,130,611
-92,615
| -4% | -$286K |
|
2497
CALL
NetApp
NTAP
$37.2B
| $8.21M | ﹤0.01% |
69,300
-38,200
| -36% | -$4.27M |
|
2498
Westlake Corp
WLK
$9.9B
| $8.19M | ﹤0.01% |
106,320
-683,526
| -87% | -$57M |
|
2499
PUT
Alcoa
AA
$13.2B
| $8.19M | ﹤0.01% |
249,100
-16,600
| -6% | -$516K |
|
|
BCYC
2500
Bicycle Therapeutics
BCYC
$292M
| $8.16M | ﹤0.01% |
1,054,746
-388,873
| -27% | -$2.94M |
|
Similar funds
Millennium Management's Q3 2025 Portfolio in Review
As of Q3 2025, Millennium Management held 6,610 positions worth $234B, up 13% from $207B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Millennium Management's Q3 2025 filing shows 800 new, 2,296 increased, 2,513 reduced and 633 closed positions. Its largest new stake was Vanguard Long-Term Corporate Bond ETF: 1,212,092 shares worth $94.1M. The largest sale was Applovin, an estimated $1.19B.
By sector, the portfolio is most concentrated in Technology at 9.3% of assets, up from 8.7% a quarter earlier, followed by Financials and Healthcare.
- Millennium Management's largest Q3 2025 buy was Vanguard Long-Term Corporate Bond ETF: 1,212,092 shares worth $94.1M.
- Millennium Management added most to NVIDIA in Q3 2025, an estimated $1.78B increase.
- Millennium Management's biggest Q3 2025 reduction was Applovin, cutting an estimated $1.19B.
- Millennium Management fully exited Hess in Q3 2025, selling an estimated $478M.
- Millennium Management's ten largest holdings make up 18% of its $234B portfolio in Q3 2025.
- Millennium Management opened 800 new positions and closed 633 in Q3 2025.
- Millennium Management's portfolio value rose 13% quarter-over-quarter to $234B.
Based on Millennium Management's 13F filing for Q3 2025, filed 14 Nov 2025.