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 | |
|---|---|---|---|---|---|---|
2751
Sportradar
SRAD
$3.85B
| $6.55M | ﹤0.01% |
243,679
+121,527
| +99% | +$3.6M |
|
2752
Excelerate Energy
EE
$1.11B
| $6.55M | ﹤0.01% |
260,160
+207,295
| +392% | +$5.18M |
|
2753
CALL
NextNav
NN
$2.23B
| $6.55M | ﹤0.01% |
458,000
| – | – |
|
|
SHCO
2754
DELISTED
Soho House & Co
SHCO
| $6.55M | ﹤0.01% |
739,568
+653,661
| +761% | +$5.15M |
|
|
HTO
2755
H2O America
HTO
$2.62B
| $6.53M | ﹤0.01% |
134,098
+93,334
| +229% | +$4.66M |
|
2756
Lazard
LAZ
$4.31B
| $6.5M | ﹤0.01% |
123,208
+57,832
| +88% | +$3.12M |
|
2757
CALL
CME Group
CME
$94.8B
| $6.48M | ﹤0.01% |
24,000
+2,900
| +14% | +$789K |
|
2758
Jack Henry & Associates
JKHY
$11.1B
| $6.48M | ﹤0.01% |
43,529
+33,977
| +356% | +$5.64M |
|
2759
New Fortress Energy
NFE
$101M
| $6.48M | ﹤0.01% |
2,930,884
-3,503,100
| -54% | -$9.97M |
|
2760
Zegna
ZGN
$4B
| $6.47M | ﹤0.01% |
684,341
-365,822
| -35% | -$3.18M |
|
|
BRY
2761
DELISTED
Berry Corp
BRY
| $6.45M | ﹤0.01% |
1,707,138
+1,332,780
| +356% | +$4.32M |
|
2762
PUT
Centene
CNC
$32.5B
| $6.45M | ﹤0.01% |
180,800
-99,800
| -36% | -$3.01M |
|
2763
CALL
Nucor
NUE
$62.1B
| $6.45M | ﹤0.01% |
47,600
-2,900
| -6% | -$411K |
|
2764
PUT
American Electric Power
AEP
$68.4B
| $6.45M | ﹤0.01% |
57,300
+17,200
| +43% | +$1.88M |
|
2765
Blue Owl Capital
OBDC
$5.74B
| $6.44M | ﹤0.01% |
504,677
+358,551
| +245% | +$5.1M |
|
2766
CALL
SLB Ltd
SLB
$75B
| $6.43M | ﹤0.01% |
187,000
-1,287,700
| -87% | -$44.8M |
|
2767
Artisan Partners
APAM
$3.02B
| $6.42M | ﹤0.01% |
147,971
+121,115
| +451% | +$5.58M |
|
2768
Academy Sports + Outdoors
ASO
$2.98B
| $6.42M | ﹤0.01% |
128,378
-300,478
| -70% | -$15.3M |
|
2769
Asana
ASAN
$2.13B
| $6.41M | ﹤0.01% |
479,606
+328,333
| +217% | +$4.64M |
|
2770
PennyMac Financial
PFSI
$4.02B
| $6.41M | ﹤0.01% |
51,717
-159,017
| -75% | -$17.2M |
|
2771
Energizer
ENR
$1.55B
| $6.4M | ﹤0.01% |
257,123
+216,206
| +528% | +$5.65M |
|
|
GRAL
2772
CALL
GRAIL Inc
GRAL
$2.98B
| $6.4M | ﹤0.01% |
108,200
+93,200
| +621% | +$3.56M |
|
|
NPB
2773
Northpointe Bancshares
NPB
$592M
| $6.39M | ﹤0.01% |
373,891
+307,409
| +462% | +$5.02M |
|
|
MIAX
2774
Miami International Holdings
MIAX
$4.28B
| $6.38M | ﹤0.01% |
+158,482
| New | +$5.8M |
|
|
TEN
2775
Tsakos Energy Navigation Ltd
TEN
$1.18B
| $6.38M | ﹤0.01% |
287,149
+222,931
| +347% | +$4.68M |
|
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.