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 | |
|---|---|---|---|---|---|---|
2901
PUT
Gen Digital
GEN
$17.5B
| $5.68M | ﹤0.01% |
+200,000
| New | +$5.98M |
|
2902
PUT
Gartner
IT
$11.8B
| $5.68M | ﹤0.01% |
+21,600
| New | +$6.3M |
|
2903
Amylyx Pharmaceuticals
AMLX
$2.55B
| $5.68M | ﹤0.01% |
417,771
-1,094,287
| -72% | -$10.3M |
|
|
AAT
2904
American Assets Trust
AAT
$1.39B
| $5.67M | ﹤0.01% |
279,229
-293,300
| -51% | -$5.92M |
|
2905
Lightspeed Commerce
LSPD
$1.33B
| $5.67M | ﹤0.01% |
491,125
-409,620
| -45% | -$5.01M |
|
2906
LCI Industries
LCII
$2.6B
| $5.67M | ﹤0.01% |
60,860
+24,631
| +68% | +$2.46M |
|
|
SVCC
2907
Stellar V Capital Corp
SVCC
$230M
| $5.67M | ﹤0.01% |
550,000
| – | – |
|
|
MRSH
2908
CALL
Marsh
MRSH
$91.4B
| $5.66M | ﹤0.01% |
28,100
-50,400
| -64% | -$10.4M |
|
2909
National Beverage
FIZZ
$2.99B
| $5.66M | ﹤0.01% |
153,304
-264,610
| -63% | -$11.5M |
|
2910
CALL
Semtech
SMTC
$13B
| $5.66M | ﹤0.01% |
79,200
+53,000
| +202% | +$2.88M |
|
2911
Morgan Stanley Direct Lending Fund
MSDL
$1.32B
| $5.65M | ﹤0.01% |
351,471
-1,060
| -0.3% | -$19.3K |
|
2912
City Holding Co
CHCO
$2.04B
| $5.65M | ﹤0.01% |
45,582
-7,146
| -14% | -$897K |
|
2913
iShares US Real Estate ETF
IYR
$4.66B
| $5.65M | ﹤0.01% |
58,154
-59,259
| -50% | -$5.7M |
|
2914
TransDigm Group
TDG
$67.7B
| $5.64M | ﹤0.01% |
4,280
-7,214
| -63% | -$10.3M |
|
2915
Harmony Biosciences
HRMY
$2.26B
| $5.64M | ﹤0.01% |
204,510
+175,221
| +598% | +$6.04M |
|
2916
CALL
Aon
AON
$76B
| $5.63M | ﹤0.01% |
15,800
-500
| -3% | -$181K |
|
2917
CALL
Pembina Pipeline
PBA
$27.8B
| $5.63M | ﹤0.01% |
100,000
| – | – |
|
2918
Ceco Environmental
CECO
$4.16B
| $5.62M | ﹤0.01% |
109,830
+4,990
| +5% | +$211K |
|
2919
CALL
Elevance Health
ELV
$85.5B
| $5.62M | ﹤0.01% |
17,400
-20,000
| -53% | -$6.22M |
|
2920
Solid Biosciences
SLDB
$831M
| $5.61M | ﹤0.01% |
909,701
-189,672
| -17% | -$1.11M |
|
|
ALX
2921
Alexander's
ALX
$1.39B
| $5.61M | ﹤0.01% |
23,935
+13,060
| +120% | +$3.07M |
|
2922
Kaspi.kz JSC
KSPI
$17.3B
| $5.61M | ﹤0.01% |
68,634
+37,230
| +119% | +$3.26M |
|
|
BLDP
2923
Ballard Power Systems
BLDP
$772M
| $5.6M | ﹤0.01% |
2,064,405
-472,644
| -19% | -$967K |
|
2924
PUT
Brighthouse Financial
BHF
$3.48B
| $5.6M | ﹤0.01% |
+105,500
| New | +$5.15M |
|
2925
Hovnanian Enterprises
HOV
$809M
| $5.59M | ﹤0.01% |
43,543
+7,525
| +21% | +$1M |
|
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.