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 | |
|---|---|---|---|---|---|---|
3176
Bumble
BMBL
$397M
| $4.36M | ﹤0.01% |
715,192
-959,547
| -57% | -$6.55M |
|
3177
TriMas Corp
TRS
$1.47B
| $4.34M | ﹤0.01% |
112,346
+28,929
| +35% | +$1.03M |
|
|
SUPV
3178
Grupo Supervielle
SUPV
$786M
| $4.34M | ﹤0.01% |
876,252
+57,040
| +7% | +$497K |
|
3179
PUT
Hess Midstream
HESM
$5.15B
| $4.33M | ﹤0.01% |
+125,400
| New | +$4.97M |
|
3180
SK Telecom
SKM
$13.4B
| $4.33M | ﹤0.01% |
200,484
-268,278
| -57% | -$5.95M |
|
3181
PUT
American Tower
AMT
$78.3B
| $4.33M | ﹤0.01% |
22,500
-13,900
| -38% | -$2.9M |
|
|
BEAG
3182
Bold Eagle Acquisition Corp
BEAG
$334M
| $4.32M | ﹤0.01% |
415,783
-81,357
| -16% | -$847K |
|
3183
iShares US Home Construction ETF
ITB
$2.34B
| $4.32M | ﹤0.01% |
40,291
+28,455
| +240% | +$3M |
|
3184
PUT
Veeva Systems
VEEV
$34.7B
| $4.32M | ﹤0.01% |
14,500
-9,300
| -39% | -$2.62M |
|
3185
PUT
Boston Scientific
BSX
$69.2B
| $4.32M | ﹤0.01% |
44,200
-274,500
| -86% | -$28.4M |
|
3186
iShares MSCI Japan ETF
EWJ
$22.5B
| $4.31M | ﹤0.01% |
+53,781
| New | +$4.16M |
|
3187
PUT
General Mills
GIS
$19.2B
| $4.31M | ﹤0.01% |
85,400
-29,300
| -26% | -$1.47M |
|
3188
CALL
Cenovus Energy
CVE
$51.1B
| $4.31M | ﹤0.01% |
253,400
+37,600
| +17% | +$587K |
|
3189
Galicia Financial Group
GGAL
$7.77B
| $4.3M | ﹤0.01% |
156,162
-188,852
| -55% | -$8.11M |
|
3190
InfuSystem Holdings
INFU
$245M
| $4.3M | ﹤0.01% |
415,178
+51,925
| +14% | +$431K |
|
3191
Neurogene
NGNE
$718M
| $4.3M | ﹤0.01% |
247,864
-59,941
| -19% | -$1.2M |
|
3192
C4 Therapeutics
CCCC
$400M
| $4.29M | ﹤0.01% |
1,934,225
+832,883
| +76% | +$2M |
|
|
ETHW
3193
Bitwise Ethereum ETF
ETHW
$201M
| $4.29M | ﹤0.01% |
143,949
| – | – |
|
3194
CALL
Baxter International
BAX
$14.1B
| $4.29M | ﹤0.01% |
188,300
-211,700
| -53% | -$5.37M |
|
|
VCIC
3195
DELISTED
Vine Hill Capital Investment Corp
VCIC
| $4.28M | ﹤0.01% |
400,002
-49,998
| -11% | -$526K |
|
3196
CALL
Raymond James Financial
RJF
$34.7B
| $4.28M | ﹤0.01% |
24,800
+4,800
| +24% | +$795K |
|
3197
Collegium Pharmaceutical
COLL
$1.16B
| $4.28M | ﹤0.01% |
122,186
-101,786
| -45% | -$3.54M |
|
3198
Xeris Biopharma Holdings
XERS
$1.4B
| $4.27M | ﹤0.01% |
524,749
-2,408,871
| -82% | -$16M |
|
|
PAL
3199
Proficient Auto Logistics
PAL
$196M
| $4.27M | ﹤0.01% |
619,946
+8,838
| +1% | +$65.1K |
|
|
GRMN
3200
PUT
Garmin
GRMN
$58.3B
| $4.26M | ﹤0.01% |
17,300
-6,700
| -28% | -$1.55M |
|
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.