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 | |
|---|---|---|---|---|---|---|
3276
PUT
Maplebear
CART
$10.7B
| $3.93M | ﹤0.01% |
107,000
+99,600
| +1,346% | +$4.59M |
|
|
IMSRW
3277
CALL
Terrestrial Energy Warrant
IMSRW
$28.8M
| $3.93M | ﹤0.01% |
655,115
+555,115
| +555% | +$1.55M |
|
3278
Sutro Biopharma
STRO
$416M
| $3.93M | ﹤0.01% |
452,435
-20,789
| -4% | -$177K |
|
3279
Ormat Technologies
ORA
$6.02B
| $3.93M | ﹤0.01% |
+40,814
| New | +$3.68M |
|
3280
Miller Industries
MLR
$579M
| $3.92M | ﹤0.01% |
97,053
-45,720
| -32% | -$1.93M |
|
3281
PUT
Xerox
XRX
$412M
| $3.92M | ﹤0.01% |
1,042,800
+553,600
| +113% | +$2.45M |
|
3282
PUT
Cenovus Energy
CVE
$51.1B
| $3.92M | ﹤0.01% |
230,600
+76,200
| +49% | +$1.19M |
|
3283
PUT
Equinix
EQIX
$104B
| $3.92M | ﹤0.01% |
5,000
+2,700
| +117% | +$2.11M |
|
3284
CALL
Brinker International
EAT
$9.69B
| $3.91M | ﹤0.01% |
30,900
-1,400
| -4% | -$218K |
|
3285
PUT
W.W. Grainger
GWW
$60.7B
| $3.91M | ﹤0.01% |
4,100
-17,100
| -81% | -$17.2M |
|
3286
Interface
TILE
$2.04B
| $3.91M | ﹤0.01% |
134,980
-143,054
| -51% | -$3.61M |
|
3287
RingCentral
RNG
$5.16B
| $3.91M | ﹤0.01% |
137,831
+58,238
| +73% | +$1.7M |
|
|
HTFL
3288
Heartflow Inc
HTFL
$2.34B
| $3.9M | ﹤0.01% |
+115,995
| New | +$3.73M |
|
3289
CALL
Grab
GRAB
$15.3B
| $3.9M | ﹤0.01% |
704,984
-77,300
| -10% | -$410K |
|
3290
TKO Group
TKO
$13.7B
| $3.89M | ﹤0.01% |
19,274
-57,588
| -75% | -$10.5M |
|
3291
PUT
Full Truck Alliance
YMM
$9.91B
| $3.89M | ﹤0.01% |
+300,000
| New | +$3.72M |
|
3292
CALL
Peabody Energy
BTU
$2.78B
| $3.89M | ﹤0.01% |
146,700
-92,300
| -39% | -$1.64M |
|
3293
Relay Therapeutics
RLAY
$4.29B
| $3.88M | ﹤0.01% |
744,044
-1,126,318
| -60% | -$4.29M |
|
3294
DXP Enterprises
DXPE
$2.61B
| $3.88M | ﹤0.01% |
32,610
-128,759
| -80% | -$14.4M |
|
|
OMDA
3295
Omada Health Inc
OMDA
$1.14B
| $3.88M | ﹤0.01% |
175,463
-103,378
| -37% | -$2.12M |
|
|
FFIC
3296
DELISTED
Flushing Financial
FFIC
| $3.88M | ﹤0.01% |
280,685
-738,154
| -72% | -$9.6M |
|
3297
CALL
James Hardie Industries
JHX
$16.5B
| $3.87M | ﹤0.01% |
+201,600
| New | +$4.83M |
|
|
FCRS.U
3298
FutureCrest Acquisition Corp Units
FCRS.U
| $3.86M | ﹤0.01% |
+364,500
| New | +$3.83M |
|
3299
Evolent Health
EVH
$346M
| $3.86M | ﹤0.01% |
456,624
-173,207
| -28% | -$1.68M |
|
|
ELME
3300
Elme Communities
ELME
$146M
| $3.86M | ﹤0.01% |
229,059
-318,712
| -58% | -$5.27M |
|
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.