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 | |
|---|---|---|---|---|---|---|
2576
Argan
AGX
$8.37B
| $7.65M | ﹤0.01% |
28,318
-623
| -2% | -$143K |
|
2577
STRATTEC Security
STRT
$361M
| $7.64M | ﹤0.01% |
112,312
+60,628
| +117% | +$4.07M |
|
2578
Nordic American Tanker
NAT
$1.37B
| $7.63M | ﹤0.01% |
2,429,423
+1,263,228
| +108% | +$3.73M |
|
|
ILPT
2579
Industrial Logistics Properties Trust
ILPT
$586M
| $7.63M | ﹤0.01% |
1,308,289
+843,033
| +181% | +$4.85M |
|
2580
GrafTech
EAF
$212M
| $7.62M | ﹤0.01% |
594,573
-41,300
| -6% | -$478K |
|
2581
Employers Holdings
EIG
$889M
| $7.62M | ﹤0.01% |
179,287
+52,733
| +42% | +$2.29M |
|
2582
PUT
TransAlta
TAC
$3.93B
| $7.6M | ﹤0.01% |
400,000
| – | – |
|
2583
Oportun Financial
OPRT
$372M
| $7.6M | ﹤0.01% |
1,232,281
-100,769
| -8% | -$649K |
|
2584
Mercury Insurance
MCY
$6.07B
| $7.6M | ﹤0.01% |
89,650
+12,434
| +16% | +$917K |
|
|
CCII
2585
Cohen Circle Acquisition Corp II
CCII
$358M
| $7.6M | ﹤0.01% |
+748,360
| New | +$7.57M |
|
|
CTNM
2586
Contineum Therapeutics
CTNM
$566M
| $7.59M | ﹤0.01% |
646,022
+513,644
| +388% | +$4.14M |
|
2587
American Healthcare REIT
AHR
$10.9B
| $7.59M | ﹤0.01% |
180,688
-196,998
| -52% | -$7.92M |
|
|
WAY
2588
CALL
Waystar Holding Corp
WAY
$4.65B
| $7.58M | ﹤0.01% |
+200,000
| New | +$7.41M |
|
2589
PUT
Ross Stores
ROST
$81.9B
| $7.57M | ﹤0.01% |
49,700
+5,000
| +11% | +$714K |
|
2590
Cloudflare
NET
$107B
| $7.57M | ﹤0.01% |
35,267
+7,229
| +26% | +$1.48M |
|
2591
Smith & Wesson
SWBI
$637M
| $7.56M | ﹤0.01% |
+768,873
| New | +$6.56M |
|
|
MFA
2592
MFA Financial
MFA
$933M
| $7.55M | ﹤0.01% |
822,019
+115,536
| +16% | +$1.12M |
|
2593
Enerpac Tool Group
EPAC
$1.93B
| $7.53M | ﹤0.01% |
183,748
+72,536
| +65% | +$2.93M |
|
2594
Nomad Foods
NOMD
$1.68B
| $7.53M | ﹤0.01% |
572,398
-228,676
| -29% | -$3.58M |
|
2595
CALL
Marriott International
MAR
$92.3B
| $7.53M | ﹤0.01% |
28,900
+3,600
| +14% | +$967K |
|
|
BRCB
2596
Black Rock Coffee Bar Inc
BRCB
$159M
| $7.52M | ﹤0.01% |
+315,083
| New | +$8.23M |
|
2597
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.7B
| $7.5M | ﹤0.01% |
93,854
+62,709
| +201% | +$4.99M |
|
2598
Caribou Biosciences
CRBU
$164M
| $7.49M | ﹤0.01% |
3,216,535
+1,665,946
| +107% | +$3.14M |
|
2599
Magna International
MGA
$18.8B
| $7.49M | ﹤0.01% |
158,063
-876,289
| -85% | -$38.6M |
|
2600
CALL
CarMax
KMX
$8.26B
| $7.49M | ﹤0.01% |
166,900
+127,200
| +320% | +$7.6M |
|
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.