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 | |
|---|---|---|---|---|---|---|
3326
PUT
Steel Dynamics
STLD
$38.1B
| $3.75M | ﹤0.01% |
26,900
-24,000
| -47% | -$3.15M |
|
3327
Procept Biorobotics
PRCT
$1.09B
| $3.75M | ﹤0.01% |
105,060
-85,232
| -45% | -$3.89M |
|
3328
CALL
Vertex
VERX
$1.93B
| $3.75M | ﹤0.01% |
+151,100
| New | +$4.38M |
|
3329
Abeona Therapeutics
ABEO
$383M
| $3.75M | ﹤0.01% |
709,349
+452,334
| +176% | +$2.87M |
|
3330
IDEAYA Biosciences
IDYA
$3.49B
| $3.74M | ﹤0.01% |
137,585
+70,899
| +106% | +$1.71M |
|
|
LATAU
3331
Galata Acquisition Corp. II Units
LATAU
$153M
| $3.74M | ﹤0.01% |
+375,000
| New | +$3.75M |
|
3332
CALL
Vale
VALE
$63.4B
| $3.74M | ﹤0.01% |
344,400
-62,800
| -15% | -$641K |
|
3333
CALL
Goodyear
GT
$2.01B
| $3.74M | ﹤0.01% |
+500,000
| New | +$4.7M |
|
|
TECX
3334
Tectonic Therapeutic
TECX
$559M
| $3.74M | ﹤0.01% |
238,170
+163,281
| +218% | +$3.37M |
|
3335
US Gold Corp
USAU
$247M
| $3.74M | ﹤0.01% |
+226,748
| New | +$2.89M |
|
|
LOKV
3336
DELISTED
Live Oak Acquisition Corp V
LOKV
| $3.73M | ﹤0.01% |
365,468
+301,907
| +475% | +$3.11M |
|
3337
CALL
Entergy
ETR
$50.1B
| $3.72M | ﹤0.01% |
39,900
-28,400
| -42% | -$2.5M |
|
3338
Mercantile Bank Corp
MBWM
$1.06B
| $3.72M | ﹤0.01% |
82,607
-65,403
| -44% | -$3.11M |
|
3339
Blend Labs
BLND
$489M
| $3.71M | ﹤0.01% |
1,016,189
+280,658
| +38% | +$1.01M |
|
3340
PUT
YPF
YPF
$19.2B
| $3.71M | ﹤0.01% |
152,700
+20,200
| +15% | +$620K |
|
3341
SSR Mining
SSRM
$6.03B
| $3.71M | ﹤0.01% |
151,835
-137,355
| -47% | -$2.32M |
|
|
EGHA
3342
EGH Acquisition Corp
EGHA
$212M
| $3.7M | ﹤0.01% |
+370,000
| New | +$3.71M |
|
3343
Sprott Uranium Miners ETF
URNM
$1.9B
| $3.7M | ﹤0.01% |
+61,288
| New | +$3.08M |
|
3344
CALL
Williams Companies
WMB
$87.9B
| $3.7M | ﹤0.01% |
58,400
-14,600
| -20% | -$857K |
|
3345
Zumiez
ZUMZ
$333M
| $3.68M | ﹤0.01% |
187,668
+81,778
| +77% | +$1.35M |
|
|
SAFE
3346
Safehold
SAFE
$1.14B
| $3.68M | ﹤0.01% |
237,373
+213,244
| +884% | +$3.29M |
|
3347
PUT
NetApp
NTAP
$37.1B
| $3.67M | ﹤0.01% |
31,000
-7,600
| -20% | -$850K |
|
3348
International Seaways
INSW
$4.52B
| $3.67M | ﹤0.01% |
79,571
+8,224
| +12% | +$355K |
|
|
3349
PUT
Goodyear
GT
$2.01B
| $3.67M | ﹤0.01% |
490,000
+200,000
| +69% | +$1.88M |
|
3350
Home BancShares
HOMB
$6.27B
| $3.66M | ﹤0.01% |
129,421
-97,143
| -43% | -$2.82M |
|
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.