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 | |
|---|---|---|---|---|---|---|
276
Ferguson
FERG
$48.8B
| $144M | 0.06% |
640,020
+337,601
| +112% | +$76.4M |
|
277
CALL
JPMorgan Chase
JPM
$962B
| $144M | 0.06% |
455,500
-292,500
| -39% | -$87M |
|
278
First Horizon
FHN
$12B
| $144M | 0.06% |
6,347,975
-8,141,103
| -56% | -$181M |
|
279
Salesforce
CRM
$162B
| $144M | 0.06% |
605,554
-296,969
| -33% | -$74.9M |
|
280
PUT
Coinbase
COIN
$39.2B
| $143M | 0.06% |
423,900
-68,000
| -14% | -$23.1M |
|
281
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.67B
| $143M | 0.06% |
1,081,300
+260,900
| +32% | +$33.7M |
|
282
Hamilton Lane
HLNE
$5.78B
| $143M | 0.06% |
1,060,511
+856,112
| +419% | +$129M |
|
283
CALL
Visa
V
$677B
| $143M | 0.06% |
418,600
-209,500
| -33% | -$72.5M |
|
284
BioMarin Pharmaceuticals
BMRN
$13.5B
| $142M | 0.06% |
2,627,210
-207,145
| -7% | -$11.8M |
|
285
Lucid Motors
LCID
$2.64B
| $142M | 0.06% |
5,978,151
+4,981,728
| +500% | +$113M |
|
286
PUT
GE Aerospace
GE
$382B
| $141M | 0.06% |
469,800
+84,200
| +22% | +$23M |
|
287
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.6B
| $141M | 0.06% |
1,266,700
-218,900
| -15% | -$24.1M |
|
|
IPG
288
DELISTED
Interpublic Group of Companies
IPG
| $141M | 0.06% |
5,053,486
-2,822,501
| -36% | -$72.8M |
|
289
CALL
Home Depot
HD
$353B
| $141M | 0.06% |
347,700
+175,200
| +102% | +$68.9M |
|
290
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.7B
| $141M | 0.06% |
1,174,400
+1,029,400
| +710% | +$118M |
|
291
Wells Fargo
WFC
$264B
| $141M | 0.06% |
1,678,125
+502,926
| +43% | +$40.8M |
|
292
PUT
Walmart Inc
WMT
$901B
| $139M | 0.06% |
1,351,500
-36,000
| -3% | -$3.58M |
|
293
PUT
Dell
DELL
$285B
| $139M | 0.06% |
979,500
-227,300
| -19% | -$29.5M |
|
294
CALL
State Street Technology Select Sector SPDR ETF
XLK
$122B
| $139M | 0.06% |
984,600
-73,800
| -7% | -$9.77M |
|
295
Edwards Lifesciences
EW
$54B
| $138M | 0.06% |
1,779,697
-4,902,303
| -73% | -$383M |
|
296
Delta Air Lines
DAL
$59.5B
| $138M | 0.06% |
2,430,562
+1,563,820
| +180% | +$89.2M |
|
297
Neurocrine Biosciences
NBIX
$16.5B
| $137M | 0.06% |
977,210
-217,009
| -18% | -$29.4M |
|
298
Performance Food Group
PFGC
$17.9B
| $137M | 0.06% |
1,318,265
-38,989
| -3% | -$3.9M |
|
299
NiSource
NI
$20.1B
| $137M | 0.06% |
3,166,313
+3,033,764
| +2,289% | +$126M |
|
300
CALL
iShares MSCI Japan ETF
EWJ
$22.7B
| $136M | 0.06% |
1,700,000
+1,551,800
| +1,047% | +$120M |
|
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.