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 | |
|---|---|---|---|---|---|---|
3376
AZZ Inc
AZZ
$4.61B
| $3.58M | ﹤0.01% |
32,807
-140,795
| -81% | -$15.6M |
|
3377
Marathon Digital Holdings
MARA
$4.36B
| $3.58M | ﹤0.01% |
195,795
-191,011
| -49% | -$3.22M |
|
3378
CALL
Yeti Holdings
YETI
$3.98B
| $3.57M | ﹤0.01% |
107,500
-192,500
| -64% | -$6.73M |
|
3379
ICF International
ICFI
$1.53B
| $3.56M | ﹤0.01% |
38,403
-279,483
| -88% | -$25.9M |
|
3380
Porch Group
PRCH
$1.8B
| $3.56M | ﹤0.01% |
212,066
-39,803
| -16% | -$611K |
|
3381
MacroGenics
MGNX
$249M
| $3.56M | ﹤0.01% |
2,116,870
+101,006
| +5% | +$163K |
|
3382
CALL
Kimberly-Clark
KMB
$36.8B
| $3.56M | ﹤0.01% |
28,600
-17,800
| -38% | -$2.3M |
|
3383
IPG Photonics
IPGP
$4.03B
| $3.56M | ﹤0.01% |
44,893
+32,566
| +264% | +$2.54M |
|
3384
CALL
SoundHound AI
SOUN
$2.82B
| $3.55M | ﹤0.01% |
220,900
+203,400
| +1,162% | +$2.7M |
|
3385
Metropolitan Bank Holding Corp
MCB
$1.16B
| $3.55M | ﹤0.01% |
47,455
+38,302
| +418% | +$2.88M |
|
|
HDSN
3386
Hudson Technologies
HDSN
$260M
| $3.53M | ﹤0.01% |
355,958
-110,767
| -24% | -$1.04M |
|
3387
PUT
On Holding
ONON
$12.7B
| $3.53M | ﹤0.01% |
83,400
-264,700
| -76% | -$12.6M |
|
3388
Accel Entertainment
ACEL
$1.02B
| $3.52M | ﹤0.01% |
318,383
+274,480
| +625% | +$3.21M |
|
3389
Mistras Group
MG
$499M
| $3.52M | ﹤0.01% |
357,513
+117,334
| +49% | +$1.04M |
|
|
DFTX
3390
Definium Therapeutics
DFTX
$5.73B
| $3.52M | ﹤0.01% |
298,205
+114,805
| +63% | +$1.07M |
|
3391
Instil Bio
TIL
$48.4M
| $3.51M | ﹤0.01% |
196,742
+88,645
| +82% | +$2.25M |
|
3392
Nelnet
NNI
$4.87B
| $3.51M | ﹤0.01% |
27,992
+25,333
| +953% | +$3.17M |
|
|
HUYA
3393
Huya Inc
HUYA
$565M
| $3.51M | ﹤0.01% |
1,053,750
+812,034
| +336% | +$2.67M |
|
|
EVAC.U
3394
EQV Ventures Acquisition Corp II Units
EVAC.U
| $3.5M | ﹤0.01% |
+350,000
| New | +$3.52M |
|
|
BULL
3395
Webull Corp
BULL
$3.97B
| $3.5M | ﹤0.01% |
236,613
+134,055
| +131% | +$1.91M |
|
3396
BioCryst Pharmaceuticals
BCRX
$2.25B
| $3.5M | ﹤0.01% |
460,947
-1,445,720
| -76% | -$12M |
|
3397
Clearway Energy Class C
CWEN
$4.87B
| $3.5M | ﹤0.01% |
123,835
-216,027
| -64% | -$6.54M |
|
3398
Liberty Live Group Series C
LLYVK
$9.51B
| $3.5M | ﹤0.01% |
36,070
-109,312
| -75% | -$9.88M |
|
|
SOCA
3399
Solarius Capital Acquisition Corp
SOCA
$242M
| $3.49M | ﹤0.01% |
+350,000
| New | +$3.49M |
|
|
PINC
3400
DELISTED
Premier
PINC
| $3.48M | ﹤0.01% |
+125,330
| New | +$3.03M |
|
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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.