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 | |
|---|---|---|---|---|---|---|
3251
LegalZoom.com
LZ
$1.39B
| $4.05M | ﹤0.01% |
390,190
-36,104
| -8% | -$360K |
|
3252
CALL
Macy's
M
$6.71B
| $4.04M | ﹤0.01% |
+225,300
| New | +$3.19M |
|
3253
UMB Financial
UMBF
$11.2B
| $4.03M | ﹤0.01% |
34,054
-115,650
| -77% | -$13.3M |
|
3254
CALL
C.H. Robinson
CHRW
$17.9B
| $4.01M | ﹤0.01% |
30,300
+23,400
| +339% | +$2.75M |
|
3255
Restaurant Brands International
QSR
$25.8B
| $4.01M | ﹤0.01% |
62,454
-756,493
| -92% | -$49.8M |
|
3256
CALL
Oscar Health
OSCR
$9.08B
| $4M | ﹤0.01% |
211,500
+100,100
| +90% | +$1.65M |
|
3257
Sprinklr
CXM
$1.57B
| $4M | ﹤0.01% |
518,562
+113,139
| +28% | +$954K |
|
3258
CALL
L3Harris
LHX
$53.3B
| $4M | ﹤0.01% |
13,100
-14,000
| -52% | -$3.83M |
|
3259
CALL
Allstate
ALL
$68.1B
| $3.99M | ﹤0.01% |
18,600
+14,800
| +389% | +$2.99M |
|
3260
PUT
General Dynamics
GD
$104B
| $3.99M | ﹤0.01% |
11,700
-14,400
| -55% | -$4.54M |
|
|
OBA
3261
Oxley Bridge Acquisition Ltd
OBA
$325M
| $3.98M | ﹤0.01% |
+400,000
| New | +$3.98M |
|
3262
Opendoor
OPEN
$3.63B
| $3.98M | ﹤0.01% |
515,555
-6,284,461
| -92% | -$25.5M |
|
3263
PUT
Ascendis Pharma A/S
ASND
$16B
| $3.98M | ﹤0.01% |
+20,000
| New | +$3.73M |
|
3264
CALL
J.M. Smucker
SJM
$12.7B
| $3.97M | ﹤0.01% |
36,600
+18,900
| +107% | +$2.05M |
|
3265
Parsons
PSN
$5.1B
| $3.97M | ﹤0.01% |
47,845
-73,443
| -61% | -$5.68M |
|
|
THS
3266
DELISTED
Treehouse Foods
THS
| $3.96M | ﹤0.01% |
195,983
-352,191
| -64% | -$6.68M |
|
3267
Scansource
SCSC
$1.17B
| $3.96M | ﹤0.01% |
90,022
-181,301
| -67% | -$7.72M |
|
3268
Energy Services of America
ESOA
$286M
| $3.96M | ﹤0.01% |
382,589
+181,631
| +90% | +$1.83M |
|
3269
PUT
Ally Financial
ALLY
$13.6B
| $3.96M | ﹤0.01% |
+101,000
| New | +$4.05M |
|
|
FLOC
3270
Flowco Holdings
FLOC
$867M
| $3.95M | ﹤0.01% |
266,075
-209,033
| -44% | -$3.53M |
|
3271
GeoPark
GPRK
$616M
| $3.95M | ﹤0.01% |
619,822
+182,039
| +42% | +$1.2M |
|
3272
CALL
Gartner
IT
$12.5B
| $3.94M | ﹤0.01% |
+15,000
| New | +$4.37M |
|
3273
Immersion
IMMR
$255M
| $3.94M | ﹤0.01% |
536,733
+294,393
| +121% | +$2.14M |
|
3274
Velocity Financial
VEL
$694M
| $3.94M | ﹤0.01% |
217,082
+97,091
| +81% | +$1.77M |
|
3275
CALL
Dollar General
DG
$28B
| $3.94M | ﹤0.01% |
38,100
-59,000
| -61% | -$6.47M |
|
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.