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 | |
|---|---|---|---|---|---|---|
|
PDS
2726
Precision Drilling
PDS
$974M
| $6.7M | ﹤0.01% |
118,891
+58,680
| +97% | +$3.21M |
|
|
ONT
2727
Onterris Inc
ONT
$580M
| $6.7M | ﹤0.01% |
243,863
-549,884
| -69% | -$14.4M |
|
2728
Howard Hughes
HHH
$4.03B
| $6.69M | ﹤0.01% |
81,458
+28,893
| +55% | +$2.14M |
|
2729
CALL
Bilibili
BILI
$7.84B
| $6.67M | ﹤0.01% |
237,400
-222,800
| -48% | -$5.34M |
|
2730
Starwood Property Trust
STWD
$6.09B
| $6.67M | ﹤0.01% |
344,105
+72,811
| +27% | +$1.47M |
|
2731
PUT
RH
RH
$3.71B
| $6.66M | ﹤0.01% |
32,800
-800
| -2% | -$174K |
|
2732
Replimune Group
REPL
$1.01B
| $6.66M | ﹤0.01% |
1,589,745
+795,691
| +100% | +$5.08M |
|
2733
Trevi Therapeutics
TRVI
$2.63B
| $6.66M | ﹤0.01% |
727,596
+570,352
| +363% | +$4.28M |
|
2734
PUT
CAVA Group
CAVA
$7.27B
| $6.66M | ﹤0.01% |
110,200
+83,700
| +316% | +$6.34M |
|
2735
ENI
E
$77.5B
| $6.65M | ﹤0.01% |
190,283
-76,920
| -29% | -$2.65M |
|
2736
CALL
Snap
SNAP
$9.01B
| $6.64M | ﹤0.01% |
861,600
+531,200
| +161% | +$4.41M |
|
2737
Dillards
DDS
$9.56B
| $6.64M | ﹤0.01% |
10,799
+8,973
| +491% | +$4.64M |
|
2738
CALL
Dutch Bros
BROS
$9.26B
| $6.62M | ﹤0.01% |
126,500
-4,400
| -3% | -$278K |
|
2739
PJT Partners
PJT
$4.38B
| $6.62M | ﹤0.01% |
+37,247
| New | +$6.7M |
|
2740
Comstock Resources
CRK
$3.94B
| $6.61M | ﹤0.01% |
333,539
+178,596
| +115% | +$3.3M |
|
2741
Knight Transportation
KNX
$11.4B
| $6.61M | ﹤0.01% |
167,303
-1,880,630
| -92% | -$81.5M |
|
|
2742
Bilibili
BILI
$7.84B
| $6.6M | ﹤0.01% |
234,914
-519,305
| -69% | -$12.4M |
|
2743
PUT
Lucid Motors
LCID
$2.77B
| $6.6M | ﹤0.01% |
277,300
-1,022,700
| -79% | -$23.1M |
|
2744
Landstar System
LSTR
$6.21B
| $6.57M | ﹤0.01% |
53,642
-97,617
| -65% | -$13M |
|
2745
Camping World
CWH
$653M
| $6.57M | ﹤0.01% |
416,323
-1,969,525
| -83% | -$33.7M |
|
2746
PUT
Cintas
CTAS
$81.3B
| $6.57M | ﹤0.01% |
32,000
-120,500
| -79% | -$25.7M |
|
2747
Quanterix
QTRX
$190M
| $6.57M | ﹤0.01% |
1,209,199
+1,197,083
| +9,880% | +$6.37M |
|
2748
PUT
Dominion Energy
D
$59.3B
| $6.56M | ﹤0.01% |
107,300
+9,900
| +10% | +$589K |
|
2749
Energy Fuels
UUUU
$3.53B
| $6.56M | ﹤0.01% |
427,570
-254,665
| -37% | -$2.7M |
|
2750
PUT
Advance Auto Parts
AAP
$3.49B
| $6.56M | ﹤0.01% |
106,800
-48,500
| -31% | -$2.87M |
|
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.