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 | |
|---|---|---|---|---|---|---|
2826
Moelis & Co
MC
$4.94B
| $6.11M | ﹤0.01% |
+85,729
| New | +$6.12M |
|
2827
PUT
LyondellBasell Industries
LYB
$19.2B
| $6.1M | ﹤0.01% |
124,400
+119,400
| +2,388% | +$6.73M |
|
|
ONC
2828
BeOne Medicines Ltd
ONC
$38.7B
| $6.08M | ﹤0.01% |
17,849
-183,506
| -91% | -$55.7M |
|
2829
Spectrum Brands
SPB
$2.07B
| $6.08M | ﹤0.01% |
+115,714
| New | +$6.41M |
|
2830
PUT
IQVIA
IQV
$39.3B
| $6.08M | ﹤0.01% |
32,000
+26,400
| +471% | +$4.8M |
|
2831
Texas Roadhouse
TXRH
$13.7B
| $6.08M | ﹤0.01% |
36,577
+28,099
| +331% | +$4.95M |
|
2832
Expro Ltd
XPRO
$1.91B
| $6.07M | ﹤0.01% |
511,303
-551,868
| -52% | -$5.99M |
|
2833
PUT
Akamai
AKAM
$16.1B
| $6.07M | ﹤0.01% |
80,100
-46,600
| -37% | -$3.59M |
|
2834
PUT
Procept Biorobotics
PRCT
$1.17B
| $6.07M | ﹤0.01% |
+170,000
| New | +$7.76M |
|
2835
CALL
Hudbay
HBM
$12.3B
| $6.06M | ﹤0.01% |
+400,000
| New | +$4.58M |
|
2836
Prothena Corp
PRTA
$459M
| $6.06M | ﹤0.01% |
621,099
+450,520
| +264% | +$3.46M |
|
2837
CALL
BioMarin Pharmaceuticals
BMRN
$12.3B
| $6.06M | ﹤0.01% |
+111,900
| New | +$6.4M |
|
2838
Oil-Dri
ODC
$1.34B
| $6.06M | ﹤0.01% |
99,213
+42,572
| +75% | +$2.59M |
|
2839
PennantPark Floating Rate Capital
PFLT
$746M
| $6.05M | ﹤0.01% |
680,700
-39,374
| -5% | -$403K |
|
2840
PUT
Oscar Health
OSCR
$8.41B
| $6.04M | ﹤0.01% |
318,900
-89,600
| -22% | -$1.48M |
|
2841
CALL
Telus
TU
$15.3B
| $6.03M | ﹤0.01% |
275,000
| – | – |
|
|
PDM
2842
Piedmont Realty Trust
PDM
$1.19B
| $6.02M | ﹤0.01% |
668,726
-450,502
| -40% | -$3.63M |
|
2843
CareDx
CDNA
$2.42B
| $6.02M | ﹤0.01% |
413,689
+345,197
| +504% | +$4.92M |
|
2844
Genworth Financial
GNW
$3.71B
| $6.01M | ﹤0.01% |
675,815
-720,943
| -52% | -$5.95M |
|
|
BNY
2845
CALL
Bank of New York Mellon
BNY
$107B
| $6.01M | ﹤0.01% |
55,200
+9,600
| +21% | +$979K |
|
2846
McGrath RentCorp
MGRC
$2.92B
| $6.01M | ﹤0.01% |
51,238
+29,815
| +139% | +$3.6M |
|
2847
TriCo Bancshares
TCBK
$1.83B
| $6.01M | ﹤0.01% |
135,318
+100,858
| +293% | +$4.39M |
|
2848
CALL
Biohaven
BHVN
$2.21B
| $6M | ﹤0.01% |
400,000
-380,000
| -49% | -$5.53M |
|
2849
CALL
Cummins
CMI
$88.7B
| $6M | ﹤0.01% |
14,200
+4,300
| +43% | +$1.65M |
|
2850
CALL
GE HealthCare
GEHC
$32.4B
| $5.99M | ﹤0.01% |
79,800
-381,500
| -83% | -$28.5M |
|
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.