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 | |
|---|---|---|---|---|---|---|
2601
State Street SPDR S&P Biotech ETF
XBI
$10.3B
| $7.49M | ﹤0.01% |
74,725
-244,905
| -77% | -$22.1M |
|
2602
PUT
Upstart Holdings
UPST
$3.03B
| $7.48M | ﹤0.01% |
147,300
+26,400
| +22% | +$1.86M |
|
2603
CALL
NRG Energy
NRG
$24.8B
| $7.48M | ﹤0.01% |
46,200
+2,700
| +6% | +$421K |
|
2604
CALL
VICI Properties
VICI
$29.4B
| $7.47M | ﹤0.01% |
229,100
+92,900
| +68% | +$3.06M |
|
2605
Merit Medical Systems
MMSI
$5.32B
| $7.46M | ﹤0.01% |
89,631
-216,188
| -71% | -$18.8M |
|
2606
PUT
KeyCorp
KEY
$24.4B
| $7.45M | ﹤0.01% |
398,400
-18,800
| -5% | -$348K |
|
2607
CALL
Maplebear
CART
$11.8B
| $7.42M | ﹤0.01% |
201,900
-38,100
| -16% | -$1.75M |
|
2608
PUT
Sanofi
SNY
$104B
| $7.42M | ﹤0.01% |
157,100
+7,000
| +5% | +$338K |
|
|
CTLP
2609
DELISTED
Cantaloupe
CTLP
| $7.41M | ﹤0.01% |
700,988
+447,549
| +177% | +$4.88M |
|
2610
PUT
DexCom
DXCM
$32B
| $7.41M | ﹤0.01% |
110,100
+21,600
| +24% | +$1.71M |
|
|
ETHA
2611
PUT
iShares Ethereum Trust ETF
ETHA
$5.55B
| $7.4M | ﹤0.01% |
+234,800
| New | +$6.97M |
|
2612
SES AI
SES
$208M
| $7.39M | ﹤0.01% |
4,426,284
+2,519,665
| +132% | +$3.01M |
|
2613
Babcock & Wilcox
BW
$1.39B
| $7.38M | ﹤0.01% |
2,546,500
+2,532,081
| +17,561% | +$4.48M |
|
2614
CALL
Air Products & Chemicals
APD
$67.6B
| $7.36M | ﹤0.01% |
27,000
-3,400
| -11% | -$984K |
|
2615
Blue Owl Capital
OWL
$18.5B
| $7.35M | ﹤0.01% |
434,307
-769,651
| -64% | -$14.6M |
|
|
AEXA
2616
American Exceptionalism Acquisition Corp
AEXA
$573M
| $7.34M | ﹤0.01% |
+671,826
| New | +$7.24M |
|
2617
PUT
Fair Isaac
FICO
$22.5B
| $7.33M | ﹤0.01% |
4,900
+3,000
| +158% | +$4.51M |
|
2618
Black Hills Corp
BKH
$5.68B
| $7.31M | ﹤0.01% |
118,750
-458,241
| -79% | -$27M |
|
2619
CALL
Illinois Tool Works
ITW
$85.3B
| $7.3M | ﹤0.01% |
28,000
-3,000
| -10% | -$782K |
|
2620
Tenaya Therapeutics
TNYA
$163M
| $7.3M | ﹤0.01% |
4,504,592
+3,823,848
| +562% | +$3.85M |
|
2621
Bain Capital Specialty
BCSF
$850M
| $7.28M | ﹤0.01% |
511,115
+370,507
| +264% | +$5.62M |
|
2622
CALL
UiPath
PATH
$7.8B
| $7.28M | ﹤0.01% |
543,800
+484,500
| +817% | +$5.73M |
|
2623
American Superconductor
AMSC
$1.59B
| $7.28M | ﹤0.01% |
122,502
-129,305
| -51% | -$6.46M |
|
2624
Goosehead Insurance
GSHD
$2.32B
| $7.27M | ﹤0.01% |
97,682
-31,486
| -24% | -$2.77M |
|
2625
VEON
VEON
$3.95B
| $7.27M | ﹤0.01% |
133,478
+97,913
| +275% | +$5.25M |
|
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.