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 | |
|---|---|---|---|---|---|---|
3001
KB Financial Group
KB
$42.5B
| $5.24M | ﹤0.01% |
63,194
+30,160
| +91% | +$2.47M |
|
3002
Dyne Therapeutics
DYN
$4.82B
| $5.24M | ﹤0.01% |
413,940
+271,221
| +190% | +$3.09M |
|
3003
Dominion Energy
D
$58.6B
| $5.23M | ﹤0.01% |
+85,444
| New | +$5.08M |
|
3004
PUT
Celestica
CLS
$36.5B
| $5.22M | ﹤0.01% |
21,200
-44,300
| -68% | -$8.93M |
|
|
KMTS
3005
Kestra Medical Technologies
KMTS
$1.46B
| $5.22M | ﹤0.01% |
219,706
+185,090
| +535% | +$3.31M |
|
3006
CALL
Check Point Software Technologies
CHKP
$12.6B
| $5.21M | ﹤0.01% |
+25,200
| New | +$5.08M |
|
|
GTEN
3007
Gores Holdings X
GTEN
$473M
| $5.21M | ﹤0.01% |
510,485
-397,920
| -44% | -$4.07M |
|
3008
Protolabs
PRLB
$2.12B
| $5.21M | ﹤0.01% |
104,168
-51,005
| -33% | -$2.34M |
|
3009
PUT
CF Industries
CF
$17.9B
| $5.2M | ﹤0.01% |
58,000
+4,800
| +9% | +$428K |
|
3010
Southern Copper
SCCO
$163B
| $5.2M | ﹤0.01% |
44,035
-142,456
| -76% | -$14M |
|
3011
PUT
CleanSpark
CLSK
$3.39B
| $5.19M | ﹤0.01% |
358,100
-219,400
| -38% | -$2.47M |
|
3012
Green Brick Partners
GRBK
$3.08B
| $5.19M | ﹤0.01% |
70,286
+63,650
| +959% | +$4.35M |
|
3013
Red Violet
RDVT
$917M
| $5.19M | ﹤0.01% |
99,273
+65,666
| +195% | +$3.11M |
|
3014
Vanguard Total Bond Market
BND
$157B
| $5.18M | ﹤0.01% |
+69,717
| New | +$5.13M |
|
3015
Cal-Maine
CALM
$3.96B
| $5.18M | ﹤0.01% |
55,078
-536,359
| -91% | -$57.3M |
|
3016
PUT
Simon Property Group
SPG
$72.1B
| $5.18M | ﹤0.01% |
27,600
-22,900
| -45% | -$3.95M |
|
|
HSAI
3017
Hesai Group
HSAI
$2.78B
| $5.18M | ﹤0.01% |
184,307
+62,319
| +51% | +$1.53M |
|
|
NPACU
3018
New Providence Acquisition Corp III Units
NPACU
| $5.18M | ﹤0.01% |
503,487
-170,010
| -25% | -$1.75M |
|
3019
Lexicon Pharmaceuticals
LXRX
$1.08B
| $5.17M | ﹤0.01% |
3,830,660
+2,187,396
| +133% | +$2.48M |
|
3020
PUT
Hershey
HSY
$36.5B
| $5.16M | ﹤0.01% |
27,600
-13,000
| -32% | -$2.36M |
|
3021
Dine Brands
DIN
$449M
| $5.16M | ﹤0.01% |
208,736
-246,678
| -54% | -$5.78M |
|
3022
CALL
Digital Realty Trust
DLR
$71.4B
| $5.15M | ﹤0.01% |
29,800
-21,600
| -42% | -$3.69M |
|
3023
CALL
Kroger
KR
$35B
| $5.15M | ﹤0.01% |
76,400
-147,300
| -66% | -$10.3M |
|
3024
Monarch Casino & Resort
MCRI
$2.19B
| $5.14M | ﹤0.01% |
48,599
+38,136
| +364% | +$3.83M |
|
3025
SmartRent
SMRT
$255M
| $5.14M | ﹤0.01% |
3,646,341
+721,846
| +25% | +$926K |
|
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.