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 | |
|---|---|---|---|---|---|---|
2626
PUT
Monster Beverage
MNST
$88.4B
| $7.26M | ﹤0.01% |
107,900
-800
| -0.7% | -$49.9K |
|
2627
CALL
Akamai
AKAM
$16.1B
| $7.26M | ﹤0.01% |
95,800
-6,800
| -7% | -$524K |
|
2628
PUT
Chubb
CB
$135B
| $7.25M | ﹤0.01% |
25,700
+2,600
| +11% | +$716K |
|
|
SEMR
2629
DELISTED
Semrush
SEMR
| $7.25M | ﹤0.01% |
1,023,761
+459,973
| +82% | +$3.75M |
|
2630
SPS Commerce
SPSC
$2.64B
| $7.25M | ﹤0.01% |
69,585
-52,559
| -43% | -$6.26M |
|
2631
PUT
Intercontinental Exchange
ICE
$84.4B
| $7.23M | ﹤0.01% |
42,900
-17,500
| -29% | -$3.13M |
|
|
SEPN
2632
Septerna Inc
SEPN
$1.75B
| $7.23M | ﹤0.01% |
384,200
+332,256
| +640% | +$4.36M |
|
|
NAGE
2633
Niagen Bioscience
NAGE
$247M
| $7.22M | ﹤0.01% |
774,237
+652,684
| +537% | +$6.59M |
|
2634
CALL
iShares Biotechnology ETF
IBB
$9.77B
| $7.22M | ﹤0.01% |
+50,000
| New | +$6.82M |
|
2635
TechTarget
TTGT
$278M
| $7.22M | ﹤0.01% |
1,242,193
+1,179,513
| +1,882% | +$7.82M |
|
2636
PUT
Royal Caribbean
RCL
$85.6B
| $7.22M | ﹤0.01% |
22,300
-52,200
| -70% | -$17.4M |
|
2637
Cohu
COHU
$2.5B
| $7.21M | ﹤0.01% |
354,684
+186,632
| +111% | +$3.76M |
|
2638
Aquestive Therapeutics
AQST
$494M
| $7.21M | ﹤0.01% |
1,289,329
-1,690,511
| -57% | -$7.31M |
|
2639
CALL
Cardinal Health
CAH
$55.4B
| $7.2M | ﹤0.01% |
45,900
+5,500
| +14% | +$850K |
|
|
CHCT
2640
Community Healthcare Trust
CHCT
$454M
| $7.2M | ﹤0.01% |
470,671
+8,160
| +2% | +$128K |
|
2641
CALL
Varonis Systems
VRNS
$5B
| $7.18M | ﹤0.01% |
125,000
-200,000
| -62% | -$11.1M |
|
2642
CALL
Emerson Electric
EMR
$88.3B
| $7.16M | ﹤0.01% |
54,600
-7,700
| -12% | -$1.05M |
|
2643
Capitol Federal Financial
CFFN
$1.1B
| $7.13M | ﹤0.01% |
1,122,725
+890,959
| +384% | +$5.57M |
|
2644
NET Power
NPWR
$134M
| $7.12M | ﹤0.01% |
2,365,246
+1,206,450
| +104% | +$3.22M |
|
2645
Phillips Edison & Co
PECO
$5.24B
| $7.12M | ﹤0.01% |
207,331
+9,643
| +5% | +$334K |
|
2646
PUT
Neurocrine Biosciences
NBIX
$16.6B
| $7.12M | ﹤0.01% |
+50,700
| New | +$6.87M |
|
2647
Rogers Communications
RCI
$18.6B
| $7.12M | ﹤0.01% |
206,428
-8,972
| -4% | -$309K |
|
2648
CorVel
CRVL
$3.19B
| $7.11M | ﹤0.01% |
91,797
-141,253
| -61% | -$12.6M |
|
2649
PUT
Builders FirstSource
BLDR
$8.04B
| $7.11M | ﹤0.01% |
58,600
+20,000
| +52% | +$2.65M |
|
2650
Southside Bancshares
SBSI
$967M
| $7.1M | ﹤0.01% |
251,429
+199,930
| +388% | +$6.05M |
|
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.