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 | |
|---|---|---|---|---|---|---|
3201
Gorman-Rupp
GRC
$2.25B
| $4.25M | ﹤0.01% |
91,539
-47,170
| -34% | -$1.96M |
|
|
AARD
3202
Aardvark Therapeutics
AARD
$165M
| $4.25M | ﹤0.01% |
+319,623
| New | +$3.6M |
|
3203
PUT
Southern Copper
SCCO
$164B
| $4.25M | ﹤0.01% |
35,954
-363
| -1% | -$35.6K |
|
3204
Fastly Inc
FSLY
$4.07B
| $4.24M | ﹤0.01% |
496,003
-164,493
| -25% | -$1.22M |
|
3205
Quantum Computing Inc
QUBT
$2B
| $4.24M | ﹤0.01% |
230,302
+117,972
| +105% | +$2.02M |
|
3206
CALL
Qorvo
QRVO
$8.4B
| $4.24M | ﹤0.01% |
46,500
+28,300
| +155% | +$2.52M |
|
3207
Wyndham Hotels & Resorts
WH
$5.65B
| $4.23M | ﹤0.01% |
52,993
-319,233
| -86% | -$27.5M |
|
3208
iShares 1-3 Year Treasury Bond ETF
SHY
$25.1B
| $4.23M | ﹤0.01% |
51,008
+34,319
| +206% | +$2.84M |
|
3209
CALL
Guidewire Software
GWRE
$13.3B
| $4.23M | ﹤0.01% |
18,400
-2,800
| -13% | -$637K |
|
3210
PUT
Rockwell Automation
ROK
$50.1B
| $4.23M | ﹤0.01% |
12,100
-2,200
| -15% | -$760K |
|
3211
PUT
Snap
SNAP
$8.97B
| $4.22M | ﹤0.01% |
547,800
-112,300
| -17% | -$932K |
|
3212
CALL
Norwegian Cruise Line
NCLH
$9.32B
| $4.22M | ﹤0.01% |
171,400
-288,700
| -63% | -$7.01M |
|
|
LUCK
3213
Lucky Strike Entertainment
LUCK
$926M
| $4.22M | ﹤0.01% |
412,218
+306,931
| +292% | +$3.09M |
|
3214
CALL
Abercrombie & Fitch
ANF
$4.86B
| $4.22M | ﹤0.01% |
49,300
+46,500
| +1,661% | +$4.34M |
|
3215
RPC Inc
RES
$1.28B
| $4.21M | ﹤0.01% |
885,148
+706,181
| +395% | +$3.33M |
|
3216
PUT
KE Holdings
BEKE
$18.7B
| $4.21M | ﹤0.01% |
221,500
+10,300
| +5% | +$193K |
|
3217
CALL
Diamondback Energy
FANG
$52.4B
| $4.21M | ﹤0.01% |
29,400
-17,700
| -38% | -$2.52M |
|
3218
Grupo Aeroportuario Centro Norte
OMAB
$5.29B
| $4.21M | ﹤0.01% |
40,496
+22,497
| +125% | +$2.41M |
|
3219
Allogene Therapeutics
ALLO
$673M
| $4.2M | ﹤0.01% |
3,390,026
+1,887,302
| +126% | +$2.25M |
|
3220
PUT
Core Scientific
CORZ
$7B
| $4.19M | ﹤0.01% |
+233,600
| New | +$3.43M |
|
|
VZLA
3221
Vizsla Silver
VZLA
$1.26B
| $4.19M | ﹤0.01% |
969,734
-1,519,900
| -61% | -$5.27M |
|
3222
PUT
Steven Madden
SHOO
$3.59B
| $4.18M | ﹤0.01% |
+125,000
| New | +$3.5M |
|
3223
Center Bancorp
CNOB
$1.68B
| $4.18M | ﹤0.01% |
+168,495
| New | +$4.15M |
|
|
TACO
3224
Berto Acquisition Corp
TACO
$393M
| $4.18M | ﹤0.01% |
401,820
+88,614
| +28% | +$919K |
|
3225
ADMA Biologics
ADMA
$2.15B
| $4.18M | ﹤0.01% |
284,839
-850,917
| -75% | -$14.6M |
|
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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.