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 | |
|---|---|---|---|---|---|---|
3051
CALL
International Paper
IP
$21.8B
| $5.02M | ﹤0.01% |
108,100
+67,700
| +168% | +$3.31M |
|
3052
BlackBerry
BB
$5.12B
| $5.01M | ﹤0.01% |
1,027,804
+420,833
| +69% | +$1.67M |
|
3053
Telefônica Brasil
VIV
$19.6B
| $5M | ﹤0.01% |
392,232
+324,319
| +478% | +$3.89M |
|
3054
CALL
Clorox
CLX
$12.8B
| $4.99M | ﹤0.01% |
40,500
+26,600
| +191% | +$3.3M |
|
3055
MaxLinear
MXL
$6.19B
| $4.99M | ﹤0.01% |
310,390
-390,547
| -56% | -$6.14M |
|
3056
Schneider National
SNDR
$6.31B
| $4.98M | ﹤0.01% |
235,394
+71,773
| +44% | +$1.76M |
|
3057
Sabesp
SBS
$19B
| $4.98M | ﹤0.01% |
+1,031,640
| New | +$4.34M |
|
3058
Sprout Social
SPT
$498M
| $4.97M | ﹤0.01% |
384,986
-56,992
| -13% | -$930K |
|
3059
Full Truck Alliance
YMM
$9.82B
| $4.97M | ﹤0.01% |
382,968
-612,542
| -62% | -$7.59M |
|
3060
PUT
Tractor Supply
TSCO
$17.7B
| $4.96M | ﹤0.01% |
87,200
+56,500
| +184% | +$3.33M |
|
3061
Cavco Industries
CVCO
$4.45B
| $4.96M | ﹤0.01% |
8,537
-3,363
| -28% | -$1.64M |
|
3062
Arhaus
ARHS
$1.26B
| $4.96M | ﹤0.01% |
466,280
-1,517,011
| -76% | -$16M |
|
3063
PUT
NRG Energy
NRG
$25.5B
| $4.96M | ﹤0.01% |
30,600
+400
| +1% | +$62.3K |
|
3064
C3.ai
AI
$1.52B
| $4.95M | ﹤0.01% |
285,625
-277,389
| -49% | -$5.79M |
|
3065
Liberty Media Series A
FWONA
$22.9B
| $4.95M | ﹤0.01% |
52,000
-1,429
| -3% | -$131K |
|
3066
PUT
Credit Acceptance
CACC
$6.17B
| $4.95M | ﹤0.01% |
+10,600
| New | +$5.29M |
|
3067
Gen Digital
GEN
$16.5B
| $4.94M | ﹤0.01% |
174,098
-878,955
| -83% | -$26.3M |
|
|
EFC
3068
Ellington Financial
EFC
$1.66B
| $4.94M | ﹤0.01% |
+380,685
| New | +$5.07M |
|
3069
CALL
Liberty Energy
LBRT
$3.21B
| $4.94M | ﹤0.01% |
+400,300
| New | +$4.63M |
|
3070
Shinhan Financial Group
SHG
$35B
| $4.94M | ﹤0.01% |
98,026
-188,357
| -66% | -$9.21M |
|
3071
Atlantic Union Bankshares
AUB
$6.14B
| $4.93M | ﹤0.01% |
+139,600
| New | +$4.75M |
|
|
CCCXU
3072
DELISTED
Churchill Capital Corp X Unit
CCCXU
| $4.92M | ﹤0.01% |
363,780
-1,252,135
| -77% | -$13.7M |
|
3073
PureCycle Technologies
PCT
$1.36B
| $4.91M | ﹤0.01% |
373,658
-44,938
| -11% | -$624K |
|
3074
PUT
Illinois Tool Works
ITW
$85.7B
| $4.9M | ﹤0.01% |
18,800
+500
| +3% | +$130K |
|
3075
PUT
Kroger
KR
$34.8B
| $4.89M | ﹤0.01% |
72,600
-78,000
| -52% | -$5.43M |
|
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.