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 | |
|---|---|---|---|---|---|---|
3476
PUT
Dick's Sporting Goods
DKS
$18B
| $3.22M | ﹤0.01% |
14,500
+12,400
| +590% | +$2.7M |
|
3477
PUT
Best Buy
BBY
$18.2B
| $3.22M | ﹤0.01% |
42,600
-16,400
| -28% | -$1.18M |
|
3478
PUT
VeriSign
VRSN
$27B
| $3.22M | ﹤0.01% |
11,500
+4,600
| +67% | +$1.29M |
|
|
BRSP
3479
BrightSpire Capital
BRSP
$649M
| $3.21M | ﹤0.01% |
591,441
+567,834
| +2,405% | +$3.09M |
|
|
JAMF
3480
PUT
DELISTED
Jamf
JAMF
| $3.21M | ﹤0.01% |
+300,000
| New | +$2.72M |
|
3481
Nice
NICE
$6.05B
| $3.21M | ﹤0.01% |
22,166
+20,329
| +1,107% | +$3.05M |
|
|
DQ
3482
Daqo New Energy
DQ
$930M
| $3.2M | ﹤0.01% |
+113,922
| New | +$2.67M |
|
3483
Pembina Pipeline
PBA
$28B
| $3.2M | ﹤0.01% |
+79,178
| New | +$2.99M |
|
3484
PUT
Cameco
CCJ
$39.1B
| $3.2M | ﹤0.01% |
38,200
+7,700
| +25% | +$597K |
|
3485
Travere Therapeutics
TVTX
$5.11B
| $3.2M | ﹤0.01% |
133,869
-75,122
| -36% | -$1.41M |
|
3486
Envista
NVST
$4.45B
| $3.2M | ﹤0.01% |
156,903
-469,760
| -75% | -$9.65M |
|
3487
PUT
Crown Castle
CCI
$33.5B
| $3.19M | ﹤0.01% |
33,100
-29,500
| -47% | -$2.99M |
|
3488
Mid-America Apartment Communities
MAA
$15.5B
| $3.19M | ﹤0.01% |
22,856
-172,026
| -88% | -$24.9M |
|
|
FRGE
3489
DELISTED
Forge Global Holdings
FRGE
| $3.18M | ﹤0.01% |
188,260
+129,559
| +221% | +$2.4M |
|
|
YALA
3490
Yalla Group
YALA
$840M
| $3.18M | ﹤0.01% |
423,536
+210,139
| +98% | +$1.62M |
|
3491
Colliers International
CIGI
$5.08B
| $3.18M | ﹤0.01% |
+20,356
| New | +$3.13M |
|
3492
Nathan's Famous
NATH
$403M
| $3.17M | ﹤0.01% |
28,666
+19,633
| +217% | +$2.06M |
|
3493
Hilton Grand Vacations
HGV
$3.52B
| $3.17M | ﹤0.01% |
75,896
-83,300
| -52% | -$3.83M |
|
3494
ChargePoint
CHPT
$143M
| $3.17M | ﹤0.01% |
290,013
-13,974
| -5% | -$160K |
|
3495
Kinsale Capital Group
KNSL
$8.21B
| $3.17M | ﹤0.01% |
7,444
+5,285
| +245% | +$2.4M |
|
3496
American Coastal Insurance
ACIC
$529M
| $3.16M | ﹤0.01% |
277,718
+13,297
| +5% | +$145K |
|
3497
EPR Properties
EPR
$4.69B
| $3.16M | ﹤0.01% |
54,502
+31,317
| +135% | +$1.76M |
|
3498
MediWound
MDWD
$183M
| $3.16M | ﹤0.01% |
175,383
+136,884
| +356% | +$2.52M |
|
|
CIO
3499
DELISTED
City Office REIT
CIO
| $3.16M | ﹤0.01% |
454,016
+347,119
| +325% | +$2.29M |
|
3500
Avis
CAR
$4.91B
| $3.16M | ﹤0.01% |
19,672
+16,489
| +518% | +$2.78M |
|
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.