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 | |
|---|---|---|---|---|---|---|
2501
DiaMedica Therapeutics
DMAC
$364M
| $8.16M | ﹤0.01% |
+1,187,309
| New | +$6.44M |
|
2502
CALL
Suncor Energy
SU
$70.3B
| $8.16M | ﹤0.01% |
165,600
-16,800
| -9% | -$674K |
|
2503
CALL
Transmedics
TMDX
$2.91B
| $8.15M | ﹤0.01% |
72,600
+39,400
| +119% | +$4.61M |
|
|
SII
2504
Sprott
SII
$3.03B
| $8.14M | ﹤0.01% |
97,901
-37,922
| -28% | -$2.64M |
|
2505
Hyster-Yale Materials Handling
HY
$665M
| $8.14M | ﹤0.01% |
220,850
+117,415
| +114% | +$4.58M |
|
2506
CALL
Take-Two Interactive
TTWO
$46.1B
| $8.14M | ﹤0.01% |
31,500
-13,600
| -30% | -$3.22M |
|
2507
Steel Dynamics
STLD
$37.6B
| $8.13M | ﹤0.01% |
58,314
-87,667
| -60% | -$11.5M |
|
2508
CALL
Dick's Sporting Goods
DKS
$18.7B
| $8.11M | ﹤0.01% |
36,500
+13,700
| +60% | +$2.98M |
|
2509
Boise Cascade
BCC
$3.02B
| $8.11M | ﹤0.01% |
104,860
-209,074
| -67% | -$17.9M |
|
2510
Lifestance Health
LFST
$4.14B
| $8.1M | ﹤0.01% |
1,473,556
-3,597,001
| -71% | -$17.6M |
|
2511
PUT
Franklin Resources
BEN
$17.2B
| $8.1M | ﹤0.01% |
+350,300
| New | +$8.66M |
|
2512
Kraft Heinz
KHC
$30B
| $8.09M | ﹤0.01% |
310,793
+4,842
| +2% | +$132K |
|
2513
CALL
Colgate-Palmolive
CL
$74.4B
| $8.09M | ﹤0.01% |
101,200
-12,300
| -11% | -$1.05M |
|
2514
CALL
dLocal
DLO
$4.24B
| $8.09M | ﹤0.01% |
+566,400
| New | +$7.2M |
|
2515
CALL
Energy Fuels
UUUU
$3.53B
| $8.09M | ﹤0.01% |
+526,800
| New | +$5.59M |
|
2516
CALL
Monster Beverage
MNST
$88.5B
| $8.08M | ﹤0.01% |
120,000
-93,700
| -44% | -$5.85M |
|
2517
Backblaze
BLZE
$1.16B
| $8.08M | ﹤0.01% |
870,250
+99,375
| +13% | +$730K |
|
2518
Karooooo
KARO
$2B
| $8.07M | ﹤0.01% |
141,325
-6,968
| -5% | -$354K |
|
2519
Xerox
XRX
$425M
| $8.07M | ﹤0.01% |
2,146,505
+1,117,402
| +109% | +$4.94M |
|
2520
NCR Voyix
VYX
$1.14B
| $8.07M | ﹤0.01% |
643,019
+527,858
| +458% | +$6.96M |
|
2521
CALL
Interactive Brokers
IBKR
$39.8B
| $8.02M | ﹤0.01% |
116,500
+74,100
| +175% | +$4.66M |
|
|
VNET
2522
CALL
VNET Group
VNET
$2.09B
| $8.01M | ﹤0.01% |
+775,000
| New | +$6.53M |
|
2523
Cimpress
CMPR
$2.31B
| $8M | ﹤0.01% |
126,959
+117,307
| +1,215% | +$6.57M |
|
2524
CALL
Five Below
FIVE
$13.5B
| $8M | ﹤0.01% |
51,700
-18,700
| -27% | -$2.65M |
|
2525
Daktronics
DAKT
$1.04B
| $7.99M | ﹤0.01% |
381,703
-440,827
| -54% | -$7.91M |
|
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.