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 | |
|---|---|---|---|---|---|---|
2651
Rogers Corp
ROG
$2.4B
| $7.1M | ﹤0.01% |
88,194
-97,190
| -52% | -$7.24M |
|
|
OKLO
2652
PUT
Oklo
OKLO
$8.42B
| $7.09M | ﹤0.01% |
+63,500
| New | +$4.97M |
|
|
TERN
2653
DELISTED
Terns Pharmaceuticals
TERN
| $7.07M | ﹤0.01% |
941,584
-55,242
| -6% | -$353K |
|
2654
CALL
Nutanix
NTNX
$16.9B
| $7.07M | ﹤0.01% |
95,000
-125,200
| -57% | -$9.19M |
|
|
SOUL
2655
Soulpower Acquisition Corp
SOUL
$353M
| $7.06M | ﹤0.01% |
700,000
+200,000
| +40% | +$2.01M |
|
2656
PUT
VICI Properties
VICI
$29.4B
| $7.06M | ﹤0.01% |
216,600
+200,000
| +1,205% | +$6.59M |
|
|
SZZL
2657
Sizzle Acquisition Corp II
SZZL
$325M
| $7.06M | ﹤0.01% |
700,000
+200,000
| +40% | +$2.02M |
|
2658
Clean Harbors
CLH
$16.3B
| $7.05M | ﹤0.01% |
30,376
-39,241
| -56% | -$9.29M |
|
2659
Forestar Group
FOR
$1.51B
| $7.04M | ﹤0.01% |
264,620
+48,383
| +22% | +$1.24M |
|
2660
Concentrix
CNXC
$1.57B
| $7.03M | ﹤0.01% |
152,365
+104,513
| +218% | +$5.58M |
|
|
TVAI
2661
Thayer Ventures Acquisition Corporation II
TVAI
$283M
| $7.03M | ﹤0.01% |
+700,000
| New | +$7.01M |
|
2662
McEwen Inc
MUX
$1.18B
| $7.02M | ﹤0.01% |
410,771
-276,020
| -40% | -$3.31M |
|
2663
CALL
GameStop
GME
$8.6B
| $7.01M | ﹤0.01% |
257,000
+224,900
| +701% | +$5.33M |
|
|
CRAQ
2664
Cal Redwood Acquisition Corp
CRAQ
| $7M | ﹤0.01% |
700,000
+500,000
| +250% | +$5M |
|
2665
iRadimed
IRMD
$1.18B
| $6.99M | ﹤0.01% |
98,184
-13,444
| -12% | -$896K |
|
|
AIOT
2666
PowerFleet Inc
AIOT
$592M
| $6.99M | ﹤0.01% |
1,333,117
+57,281
| +4% | +$264K |
|
2667
PUT
Blackstone Secured Lending
BXSL
$5.72B
| $6.98M | ﹤0.01% |
267,600
+220,800
| +472% | +$6.63M |
|
2668
SiteOne Landscape Supply
SITE
$4.53B
| $6.96M | ﹤0.01% |
54,065
-115,924
| -68% | -$15.7M |
|
|
FLG
2669
CALL
Flagstar Bank National Association
FLG
$5.82B
| $6.95M | ﹤0.01% |
2,818,100
-73,700
| -3% | -$877K |
|
|
EVAC
2670
EQV Ventures Acquisition Corp II
EVAC
$599M
| $6.94M | ﹤0.01% |
+697,984
| New | +$6.94M |
|
2671
Idacorp
IDA
$8.2B
| $6.94M | ﹤0.01% |
52,518
-457,576
| -90% | -$56.7M |
|
2672
PUT
J.M. Smucker
SJM
$12.8B
| $6.94M | ﹤0.01% |
63,900
+26,400
| +70% | +$2.87M |
|
2673
Dollar General
DG
$27.9B
| $6.94M | ﹤0.01% |
67,120
+29,898
| +80% | +$3.28M |
|
2674
CALL
MetLife
MET
$62.4B
| $6.93M | ﹤0.01% |
84,100
-302,000
| -78% | -$23.8M |
|
2675
PUT
MSCI
MSCI
$40.9B
| $6.92M | ﹤0.01% |
12,200
+9,900
| +430% | +$5.6M |
|
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.