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 | |
|---|---|---|---|---|---|---|
3101
PUT
Caesars Entertainment
CZR
$6.13B
| $4.74M | ﹤0.01% |
175,400
+119,400
| +213% | +$3.23M |
|
3102
ProKidney
PROK
$343M
| $4.73M | ﹤0.01% |
+1,956,378
| New | +$5.21M |
|
3103
Natural Gas Services Group
NGS
$472M
| $4.73M | ﹤0.01% |
169,023
+96,690
| +134% | +$2.48M |
|
|
GOLD
3104
Gold.com Inc
GOLD
$1.26B
| $4.73M | ﹤0.01% |
182,857
+135,094
| +283% | +$3.2M |
|
3105
CALL
GlobalFoundries
GFS
$27.1B
| $4.73M | ﹤0.01% |
131,900
+100,700
| +323% | +$3.59M |
|
|
VISN
3106
CALL
Vistance Networks Inc
VISN
$2.79B
| $4.68M | ﹤0.01% |
+302,500
| New | +$3.93M |
|
|
VISN
3107
PUT
Vistance Networks Inc
VISN
$2.79B
| $4.68M | ﹤0.01% |
+302,500
| New | +$3.93M |
|
3108
CALL
Cognex
CGNX
$11.8B
| $4.68M | ﹤0.01% |
103,300
-46,700
| -31% | -$1.89M |
|
3109
W&T Offshore
WTI
$484M
| $4.66M | ﹤0.01% |
2,560,561
+647,596
| +34% | +$1.15M |
|
3110
Rush Enterprises Class B
RUSHB
$6.16B
| $4.66M | ﹤0.01% |
81,117
+71,342
| +730% | +$4.02M |
|
|
GRMN
3111
CALL
Garmin
GRMN
$58.3B
| $4.65M | ﹤0.01% |
18,900
-21,000
| -53% | -$4.85M |
|
|
DRUG
3112
Bright Minds Biosciences
DRUG
$785M
| $4.65M | ﹤0.01% |
76,681
-34,690
| -31% | -$1.35M |
|
|
LIF
3113
Life360
LIF
$4.98B
| $4.64M | ﹤0.01% |
+43,696
| New | +$3.68M |
|
3114
Frequency Electronics
FEIM
$778M
| $4.64M | ﹤0.01% |
136,976
+109,776
| +404% | +$3.05M |
|
|
SLNO
3115
CALL
DELISTED
Soleno Therapeutics
SLNO
| $4.64M | ﹤0.01% |
68,700
+43,700
| +175% | +$3.24M |
|
3116
PUT
Bunge Global
BG
$20.5B
| $4.64M | ﹤0.01% |
57,100
-51,000
| -47% | -$4.09M |
|
3117
United Bankshares
UBSI
$6.72B
| $4.64M | ﹤0.01% |
124,568
-218,654
| -64% | -$8.15M |
|
3118
First Advantage
FA
$3.53B
| $4.63M | ﹤0.01% |
300,594
+236,396
| +368% | +$3.92M |
|
|
MNTN
3119
MNTN Inc
MNTN
$771M
| $4.63M | ﹤0.01% |
249,340
+17,596
| +8% | +$400K |
|
3120
Inovio Pharmaceuticals
INO
$70M
| $4.62M | ﹤0.01% |
1,972,518
+1,625,653
| +469% | +$3.11M |
|
3121
Simulations Plus
SLP
$371M
| $4.61M | ﹤0.01% |
306,020
-248,860
| -45% | -$3.62M |
|
3122
PUT
Tenet Healthcare
THC
$21.1B
| $4.61M | ﹤0.01% |
22,700
-5,500
| -20% | -$976K |
|
3123
CALL
FTAI Aviation
FTAI
$23B
| $4.61M | ﹤0.01% |
27,600
+600
| +2% | +$85.3K |
|
3124
Republic Bancorp
RBCAA
$1.97B
| $4.6M | ﹤0.01% |
63,702
+40,308
| +172% | +$2.98M |
|
3125
PUT
PACCAR
PCAR
$70.2B
| $4.6M | ﹤0.01% |
46,800
-56,800
| -55% | -$5.6M |
|
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.