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 | |
|---|---|---|---|---|---|---|
3526
PUT
CSX Corp
CSX
$94.5B
| $3.09M | ﹤0.01% |
86,900
-483,400
| -85% | -$16.5M |
|
3527
CALL
Trip.com Group
TCOM
$29.5B
| $3.08M | ﹤0.01% |
41,000
-48,300
| -54% | -$3.23M |
|
3528
Metallus
MTUS
$851M
| $3.08M | ﹤0.01% |
186,476
+94,737
| +103% | +$1.54M |
|
3529
Prudential
PUK
$36.7B
| $3.08M | ﹤0.01% |
110,035
-18,402
| -14% | -$482K |
|
3530
PUT
VF Corp
VFC
$5.87B
| $3.07M | ﹤0.01% |
213,000
-69,700
| -25% | -$936K |
|
3531
Labcorp
LH
$24.9B
| $3.07M | ﹤0.01% |
10,702
-5,890
| -35% | -$1.58M |
|
|
OYSEU
3532
Oyster Enterprises II Acquisition Corp Units
OYSEU
| $3.07M | ﹤0.01% |
300,986
-524,164
| -64% | -$5.32M |
|
3533
PUT
Agree Realty
ADC
$9.57B
| $3.06M | ﹤0.01% |
43,100
+31,800
| +281% | +$2.3M |
|
3534
Ducommun
DCO
$2.76B
| $3.06M | ﹤0.01% |
31,816
+27,351
| +613% | +$2.47M |
|
3535
Cogent Communications
CCOI
$663M
| $3.06M | ﹤0.01% |
79,739
+58,700
| +279% | +$2.45M |
|
|
VRNT
3536
PUT
DELISTED
Verint Systems
VRNT
| $3.06M | ﹤0.01% |
+151,000
| New | +$3.11M |
|
3537
Werner Enterprises
WERN
$2.23B
| $3.06M | ﹤0.01% |
116,151
+85,756
| +282% | +$2.41M |
|
3538
CALL
Ferguson
FERG
$48.5B
| $3.05M | ﹤0.01% |
13,600
+1,400
| +11% | +$317K |
|
3539
PUT
RadNet
RDNT
$5.25B
| $3.05M | ﹤0.01% |
+40,000
| New | +$2.6M |
|
|
FWDI
3540
Forward Industries Inc
FWDI
$311M
| $3.05M | ﹤0.01% |
+119,185
| New | +$1.96M |
|
3541
CALL
Globant
GLOB
$1.6B
| $3.05M | ﹤0.01% |
+53,100
| New | +$3.91M |
|
3542
SI-BONE Inc
SIBN
$818M
| $3.04M | ﹤0.01% |
206,611
-131,157
| -39% | -$2.14M |
|
3543
John B. Sanfilippo & Son
JBSS
$993M
| $3.04M | ﹤0.01% |
47,242
-27,036
| -36% | -$1.75M |
|
|
PMTR
3544
Perimeter Acquisition Corp I
PMTR
$320M
| $3.03M | ﹤0.01% |
+298,000
| New | +$3.04M |
|
3545
Bausch Health
BHC
$2.62B
| $3.03M | ﹤0.01% |
469,869
-86,320
| -16% | -$590K |
|
3546
PUT
AB InBev
BUD
$167B
| $3.03M | ﹤0.01% |
50,800
+15,600
| +44% | +$981K |
|
3547
Pennant Group
PNTG
$1.4B
| $3.03M | ﹤0.01% |
119,957
+12,828
| +12% | +$315K |
|
3548
Advantage Solutions
ADV
$527M
| $3.02M | ﹤0.01% |
78,958
+32,970
| +72% | +$1.37M |
|
3549
CALL
Phillips 66
PSX
$82.7B
| $3.02M | ﹤0.01% |
22,200
-35,300
| -61% | -$4.52M |
|
|
FYBR
3550
PUT
DELISTED
Frontier Communications
FYBR
| $3.02M | ﹤0.01% |
+80,800
| New | +$2.99M |
|
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.