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 | |
|---|---|---|---|---|---|---|
|
ALE
2776
PUT
DELISTED
Allete
ALE
| $6.37M | ﹤0.01% |
+96,000
| New | +$6.24M |
|
2777
PUT
Align Technology
ALGN
$12.3B
| $6.37M | ﹤0.01% |
50,900
+28,200
| +124% | +$4.42M |
|
2778
PUT
Pultegroup
PHM
$25.3B
| $6.37M | ﹤0.01% |
48,200
+20,900
| +77% | +$2.6M |
|
2779
CALL
Fastenal
FAST
$59.5B
| $6.37M | ﹤0.01% |
129,800
-96,100
| -43% | -$4.54M |
|
2780
CALL
Insulet
PODD
$9.79B
| $6.36M | ﹤0.01% |
20,600
+18,000
| +692% | +$5.64M |
|
2781
Heritage Insurance Holdings
HRTG
$991M
| $6.35M | ﹤0.01% |
252,372
+21,093
| +9% | +$479K |
|
2782
Erasca
ERAS
$6.39B
| $6.35M | ﹤0.01% |
2,914,819
-883,168
| -23% | -$1.4M |
|
2783
CALL
Regeneron Pharmaceuticals
REGN
$80.8B
| $6.35M | ﹤0.01% |
11,300
-54,100
| -83% | -$30.6M |
|
2784
Karat Packaging
KRT
$940M
| $6.35M | ﹤0.01% |
251,912
-44,809
| -15% | -$1.18M |
|
|
QBTS.WS
2785
CALL
DELISTED
D-Wave Quantum Inc Warrants
QBTS.WS
| $6.34M | ﹤0.01% |
260,000
| – | – |
|
|
UNIT
2786
Uniti Group
UNIT
$2.32B
| $6.34M | ﹤0.01% |
1,035,780
+613,031
| +145% | +$3.67M |
|
2787
PUT
Howmet Aerospace
HWM
$113B
| $6.34M | ﹤0.01% |
32,300
+10,100
| +45% | +$1.84M |
|
2788
CALL
Sempra
SRE
$54.8B
| $6.33M | ﹤0.01% |
70,300
-100,200
| -59% | -$8.11M |
|
2789
CALL
SentinelOne
S
$7.34B
| $6.32M | ﹤0.01% |
358,900
+158,900
| +79% | +$2.85M |
|
2790
ZipRecruiter
ZIP
$423M
| $6.32M | ﹤0.01% |
1,496,767
+744,805
| +99% | +$3.48M |
|
2791
CALL
Kinross Gold
KGC
$32.8B
| $6.31M | ﹤0.01% |
253,800
-79,600
| -24% | -$1.53M |
|
2792
Atmus Filtration Technologies
ATMU
$4.18B
| $6.31M | ﹤0.01% |
139,869
+48,312
| +53% | +$2.03M |
|
|
PPLI
2793
People Inc
PPLI
$3.1B
| $6.31M | ﹤0.01% |
185,072
-53,823
| -23% | -$2.01M |
|
|
MTSR
2794
DELISTED
Metsera Inc
MTSR
| $6.3M | ﹤0.01% |
+120,356
| New | +$4.44M |
|
2795
Air Products & Chemicals
APD
$67.6B
| $6.3M | ﹤0.01% |
23,092
-11,578
| -33% | -$3.35M |
|
|
SION
2796
Sionna Therapeutics
SION
$2.31B
| $6.3M | ﹤0.01% |
214,085
+200,051
| +1,425% | +$4.35M |
|
2797
Pacific Biosciences
PACB
$370M
| $6.29M | ﹤0.01% |
4,916,795
+4,048,555
| +466% | +$5.48M |
|
2798
Installed Building Products
IBP
$6.57B
| $6.29M | ﹤0.01% |
25,513
+23,286
| +1,046% | +$5.53M |
|
2799
Gerdau
GGB
$9.7B
| $6.29M | ﹤0.01% |
2,029,799
-1,524,592
| -43% | -$4.61M |
|
2800
FMC
FMC
$1.33B
| $6.29M | ﹤0.01% |
187,085
-1,852,347
| -91% | -$72.3M |
|
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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.