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 | |
|---|---|---|---|---|---|---|
2526
Futu Holdings
FUTU
$15.3B
| $7.98M | ﹤0.01% |
45,884
-131,817
| -74% | -$21.9M |
|
2527
Federal Agricultural Mortgage
AGM
$2.56B
| $7.97M | ﹤0.01% |
47,471
+3,007
| +7% | +$563K |
|
2528
Vir Biotechnology
VIR
$1.49B
| $7.97M | ﹤0.01% |
1,396,504
+787,212
| +129% | +$4.03M |
|
2529
Allot
ALLT
$383M
| $7.97M | ﹤0.01% |
753,393
+531,412
| +239% | +$4.51M |
|
|
USAR
2530
USA Rare Earth Inc
USAR
$4.73B
| $7.97M | ﹤0.01% |
+463,392
| New | +$6.62M |
|
2531
Lightbridge
LTBR
$311M
| $7.96M | ﹤0.01% |
375,121
-275,057
| -42% | -$4.14M |
|
2532
MiMedx Group
MDXG
$633M
| $7.95M | ﹤0.01% |
1,138,573
-534,790
| -32% | -$3.72M |
|
2533
PUT
Lumentum
LITE
$69.3B
| $7.91M | ﹤0.01% |
48,600
+9,000
| +23% | +$1.12M |
|
2534
CALL
Synopsys
SNPS
$79.7B
| $7.89M | ﹤0.01% |
16,000
+100
| +0.6% | +$56.5K |
|
2535
Personalis
PSNL
$1.51B
| $7.89M | ﹤0.01% |
1,210,754
+120,027
| +11% | +$683K |
|
|
SA
2536
Seabridge Gold
SA
$3.35B
| $7.88M | ﹤0.01% |
326,472
-357,561
| -52% | -$6.19M |
|
2537
CALL
PG&E
PCG
$38.5B
| $7.88M | ﹤0.01% |
522,700
+209,100
| +67% | +$3.05M |
|
2538
Coursera
COUR
$1.54B
| $7.87M | ﹤0.01% |
672,412
-847,629
| -56% | -$9.21M |
|
|
FLG
2539
Flagstar Bank National Association
FLG
$5.82B
| $7.86M | ﹤0.01% |
680,769
-4,578,021
| -87% | -$54.5M |
|
2540
Prime Medicine
PRME
$559M
| $7.86M | ﹤0.01% |
1,418,463
+1,270,467
| +858% | +$5.16M |
|
2541
Revvity
RVTY
$12.8B
| $7.86M | ﹤0.01% |
89,624
+60,736
| +210% | +$5.51M |
|
2542
Towne Bank
TOWN
$3.42B
| $7.85M | ﹤0.01% |
227,111
+123,194
| +119% | +$4.41M |
|
2543
PUT
Suncor Energy
SU
$70.3B
| $7.84M | ﹤0.01% |
158,000
+400
| +0.3% | +$16K |
|
2544
Radware
RDWR
$1.19B
| $7.82M | ﹤0.01% |
295,353
+67,936
| +30% | +$1.81M |
|
2545
Enliven Therapeutics
ELVN
$4.43B
| $7.81M | ﹤0.01% |
381,405
+62,956
| +20% | +$1.27M |
|
2546
Akebia Therapeutics
AKBA
$252M
| $7.8M | ﹤0.01% |
2,857,237
+693,738
| +32% | +$2.31M |
|
2547
Apple Hospitality REIT
APLE
$3.82B
| $7.79M | ﹤0.01% |
648,487
+573,410
| +764% | +$7.08M |
|
2548
PUT
Planet Labs
PL
$8.53B
| $7.79M | ﹤0.01% |
+600,000
| New | +$4.63M |
|
2549
APA Corp
APA
$13.2B
| $7.78M | ﹤0.01% |
320,437
-435,111
| -58% | -$9.19M |
|
|
CFLT
2550
PUT
DELISTED
Confluent
CFLT
| $7.78M | ﹤0.01% |
392,900
+230,200
| +141% | +$4.81M |
|
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.