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 | |
|---|---|---|---|---|---|---|
|
UROY
2951
Uranium Royalty Corp
UROY
$1.49B
| $5.47M | ﹤0.01% |
1,273,006
-720,189
| -36% | -$2.18M |
|
2952
CALL
Kratos Defense & Security Solutions
KTOS
$10.9B
| $5.47M | ﹤0.01% |
59,900
+14,900
| +33% | +$954K |
|
|
APADU
2953
DELISTED
A Paradise Acquisition Corp Unit
APADU
| $5.46M | ﹤0.01% |
+547,500
| New | +$5.49M |
|
2954
iShares MSCI India Small-Cap ETF
SMIN
$772M
| $5.46M | ﹤0.01% |
+76,136
| New | +$5.66M |
|
|
CSR
2955
Centerspace
CSR
$936M
| $5.46M | ﹤0.01% |
92,628
+5,190
| +6% | +$300K |
|
2956
CALL
HubSpot
HUBS
$10B
| $5.43M | ﹤0.01% |
11,600
-21,500
| -65% | -$10.8M |
|
2957
Midland States Bancorp
MSBI
$704M
| $5.42M | ﹤0.01% |
316,111
-47,955
| -13% | -$862K |
|
2958
Oppenheimer Holdings
OPY
$1.22B
| $5.41M | ﹤0.01% |
73,252
+19,513
| +36% | +$1.41M |
|
|
TTAM
2959
Titan America SA
TTAM
$2.9B
| $5.41M | ﹤0.01% |
362,258
+346,651
| +2,221% | +$5.11M |
|
2960
CALL
DigitalOcean
DOCN
$14.5B
| $5.41M | ﹤0.01% |
+158,300
| New | +$5.02M |
|
2961
CALL
Yum! Brands
YUM
$41.6B
| $5.4M | ﹤0.01% |
35,500
+2,000
| +6% | +$294K |
|
2962
PUT
Honda
HMC
$39.9B
| $5.39M | ﹤0.01% |
175,000
-260,000
| -60% | -$8.48M |
|
2963
Brixmor Property Group
BRX
$9.3B
| $5.39M | ﹤0.01% |
194,702
-249,367
| -56% | -$6.67M |
|
2964
PUT
Allstate
ALL
$70.7B
| $5.39M | ﹤0.01% |
25,100
+700
| +3% | +$141K |
|
|
ASM
2965
Avino Silver & Gold Mines
ASM
$1.12B
| $5.39M | ﹤0.01% |
1,026,384
+755,189
| +278% | +$3.04M |
|
2966
CBIZ
CBZ
$2.96B
| $5.39M | ﹤0.01% |
+101,706
| New | +$6.56M |
|
2967
Expeditors International
EXPD
$23.2B
| $5.38M | ﹤0.01% |
43,909
+36,993
| +535% | +$4.4M |
|
|
2968
PUT
Norfolk Southern
NSC
$76.7B
| $5.38M | ﹤0.01% |
17,900
+4,700
| +36% | +$1.31M |
|
2969
CALL
Viking Therapeutics
VKTX
$3.88B
| $5.38M | ﹤0.01% |
204,600
+56,400
| +38% | +$1.68M |
|
2970
Kymera Therapeutics
KYMR
$8.62B
| $5.37M | ﹤0.01% |
94,961
+38,425
| +68% | +$1.73M |
|
2971
Pathward Financial
CASH
$1.87B
| $5.37M | ﹤0.01% |
72,590
+45,758
| +171% | +$3.56M |
|
2972
Buckle
BKE
$2.37B
| $5.37M | ﹤0.01% |
91,542
-213,270
| -70% | -$11.5M |
|
2973
PUT
monday.com
MNDY
$3.65B
| $5.37M | ﹤0.01% |
27,700
-13,800
| -33% | -$3.18M |
|
2974
Adtran
ADTN
$624M
| $5.36M | ﹤0.01% |
571,956
+365,520
| +177% | +$3.41M |
|
2975
CALL
Petrobras
PBR
$120B
| $5.36M | ﹤0.01% |
423,600
+412,100
| +3,583% | +$5.18M |
|
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.