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 | |
|---|---|---|---|---|---|---|
|
FFAI
3351
Faraday Future Intelligent Electric
FFAI
$12.6M
| $3.66M | ﹤0.01% |
+18,774
| New | +$5.94M |
|
3352
New Oriental
EDU
$9.05B
| $3.66M | ﹤0.01% |
68,969
-190,629
| -73% | -$9.41M |
|
3353
Littelfuse
LFUS
$11.8B
| $3.66M | ﹤0.01% |
14,126
-34,265
| -71% | -$8.58M |
|
3354
CALL
Travelers Companies
TRV
$79.9B
| $3.66M | ﹤0.01% |
13,100
-12,200
| -48% | -$3.27M |
|
3355
Victory Capital Holdings
VCTR
$6.4B
| $3.66M | ﹤0.01% |
56,475
+27,528
| +95% | +$1.89M |
|
|
BULL
3356
CALL
Webull Corp
BULL
$3.98B
| $3.66M | ﹤0.01% |
+571,100
| New | +$8.14M |
|
3357
Neumora Therapeutics
NMRA
$298M
| $3.66M | ﹤0.01% |
2,008,248
+776,856
| +63% | +$1.26M |
|
3358
CALL
Global Payments
GPN
$23.9B
| $3.65M | ﹤0.01% |
43,900
+5,700
| +15% | +$480K |
|
3359
CALL
Archer Daniels Midland
ADM
$37.9B
| $3.64M | ﹤0.01% |
61,000
-39,000
| -39% | -$2.28M |
|
3360
Manitowoc
MTW
$514M
| $3.64M | ﹤0.01% |
363,591
-212,294
| -37% | -$2.36M |
|
|
CCIIU
3361
Cohen Circle Acquisition Corp II Unit
CCIIU
$275M
| $3.63M | ﹤0.01% |
+353,553
| New | +$3.62M |
|
3362
PUT
Entegris
ENTG
$22.3B
| $3.63M | ﹤0.01% |
39,300
+10,500
| +36% | +$893K |
|
|
FTW
3363
Presidio Production Co
FTW
$340M
| $3.63M | ﹤0.01% |
350,000
+1,095
| +0.3% | +$11.4K |
|
3364
Seaboard Corp
SEB
$4.23B
| $3.63M | ﹤0.01% |
994
-2
| -0.2% | -$6.96K |
|
3365
CALL
Moody's
MCO
$83.6B
| $3.62M | ﹤0.01% |
7,600
-4,000
| -34% | -$2.02M |
|
|
BDCIU
3366
BTC Development Corp Unit
BDCIU
$232M
| $3.62M | ﹤0.01% |
+358,500
| New | +$3.62M |
|
3367
PUT
Match Group
MTCH
$8.84B
| $3.62M | ﹤0.01% |
102,500
+11,000
| +12% | +$392K |
|
|
BFS
3368
Saul Centers
BFS
$823M
| $3.62M | ﹤0.01% |
113,591
-42,435
| -27% | -$1.4M |
|
3369
PUT
Kinder Morgan
KMI
$69.3B
| $3.6M | ﹤0.01% |
127,200
-15,700
| -11% | -$430K |
|
3370
Toro Company
TTC
$9.45B
| $3.6M | ﹤0.01% |
47,235
-60,257
| -56% | -$4.62M |
|
3371
CALL
Iron Mountain
IRM
$37.6B
| $3.6M | ﹤0.01% |
35,300
-7,800
| -18% | -$751K |
|
3372
PUT
Cleveland-Cliffs
CLF
$7.1B
| $3.59M | ﹤0.01% |
294,100
+183,900
| +167% | +$1.93M |
|
3373
PUT
Zoetis
ZTS
$31B
| $3.58M | ﹤0.01% |
24,500
-216,500
| -90% | -$32.7M |
|
3374
CALL
Best Buy
BBY
$17.8B
| $3.58M | ﹤0.01% |
47,400
-53,300
| -53% | -$3.82M |
|
3375
CALL
Galicia Financial Group
GGAL
$7.83B
| $3.58M | ﹤0.01% |
+130,000
| New | +$5.58M |
|
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.