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 | |
|---|---|---|---|---|---|---|
2976
PUT
Option Care Health
OPCH
$3.54B
| $5.35M | ﹤0.01% |
+192,800
| New | +$5.58M |
|
2977
PUT
C.H. Robinson
CHRW
$17.3B
| $5.35M | ﹤0.01% |
+40,400
| New | +$4.74M |
|
2978
PUT
Zimmer Biomet
ZBH
$18.7B
| $5.35M | ﹤0.01% |
54,300
-130,700
| -71% | -$13M |
|
2979
F&G Annuities & Life
FG
$3.81B
| $5.34M | ﹤0.01% |
170,910
-130,136
| -43% | -$4.3M |
|
2980
Powell Industries
POWL
$7.56B
| $5.34M | ﹤0.01% |
52,569
-35,622
| -40% | -$3.02M |
|
|
MRSH
2981
PUT
Marsh
MRSH
$91.6B
| $5.34M | ﹤0.01% |
26,500
-12,600
| -32% | -$2.59M |
|
2982
CALL
Celanese
CE
$4.87B
| $5.34M | ﹤0.01% |
126,900
+26,200
| +26% | +$1.3M |
|
2983
Marqeta
MQ
$1.75B
| $5.33M | ﹤0.01% |
252,305
+82,412
| +49% | +$1.95M |
|
2984
Sagimet Biosciences
SGMT
$532M
| $5.33M | ﹤0.01% |
776,377
+700,737
| +926% | +$5.68M |
|
2985
PUT
PENN Entertainment
PENN
$2.74B
| $5.32M | ﹤0.01% |
276,300
-142,400
| -34% | -$2.67M |
|
2986
Oceaneering
OII
$4.94B
| $5.32M | ﹤0.01% |
214,728
-517,643
| -71% | -$11.9M |
|
2987
Caleres
CAL
$488M
| $5.31M | ﹤0.01% |
407,290
+172,479
| +73% | +$2.5M |
|
2988
Hims & Hers Health
HIMS
$6.87B
| $5.31M | ﹤0.01% |
93,592
-93,979
| -50% | -$4.82M |
|
|
LKFT
2989
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.71B
| $5.3M | ﹤0.01% |
152,902
-37,807
| -20% | -$1.21M |
|
2990
CALL
Ferrari
RACE
$71.4B
| $5.3M | ﹤0.01% |
12,400
-700
| -5% | -$335K |
|
2991
Southern Missouri Bancorp
SMBC
$855M
| $5.29M | ﹤0.01% |
100,724
+46,730
| +87% | +$2.6M |
|
2992
BBB Foods
TBBB
$4.89B
| $5.29M | ﹤0.01% |
196,351
-551,255
| -74% | -$14.3M |
|
|
NAK
2993
Northern Dynasty Minerals
NAK
$930M
| $5.29M | ﹤0.01% |
4,406,828
+3,468,174
| +369% | +$3.73M |
|
2994
PUT
Interactive Brokers
IBKR
$38.7B
| $5.28M | ﹤0.01% |
76,800
-18,000
| -19% | -$1.13M |
|
2995
ArriVent BioPharma
AVBP
$1.44B
| $5.28M | ﹤0.01% |
286,104
+109,935
| +62% | +$2.16M |
|
2996
Napco Security Technologies
NSSC
$1.46B
| $5.27M | ﹤0.01% |
122,798
-202,616
| -62% | -$7.03M |
|
2997
Marcus Corp
MCS
$944M
| $5.27M | ﹤0.01% |
339,916
-232,801
| -41% | -$3.73M |
|
2998
Novanta
NOVT
$5.9B
| $5.27M | ﹤0.01% |
52,602
-14,586
| -22% | -$1.74M |
|
2999
CALL
Agnico Eagle Mines
AEM
$85B
| $5.26M | ﹤0.01% |
31,200
-5,100
| -14% | -$701K |
|
|
FISV
3000
PUT
Fiserv Inc
FISV
$28.4B
| $5.25M | ﹤0.01% |
40,700
-16,100
| -28% | -$2.31M |
|
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.