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 | |
|---|---|---|---|---|---|---|
3576
Butterfly Network
BFLY
$2.35B
| $2.94M | ﹤0.01% |
1,520,885
-659,699
| -30% | -$1.12M |
|
|
CRON
3577
Cronos Group
CRON
$1.06B
| $2.93M | ﹤0.01% |
1,056,445
+379,250
| +56% | +$892K |
|
|
PSIX
3578
Power Solutions International
PSIX
$804M
| $2.93M | ﹤0.01% |
29,879
-10,984
| -27% | -$974K |
|
3579
PUT
SolarEdge
SEDG
$2.97B
| $2.93M | ﹤0.01% |
+79,300
| New | +$2.37M |
|
3580
Scorpio Tankers
STNG
$3.89B
| $2.93M | ﹤0.01% |
52,338
+36,026
| +221% | +$1.78M |
|
3581
Chunghwa Telecom
CHT
$32.9B
| $2.93M | ﹤0.01% |
67,113
+60,543
| +922% | +$2.69M |
|
3582
PUT
American Water Works
AWK
$26.1B
| $2.92M | ﹤0.01% |
21,000
+16,300
| +347% | +$2.3M |
|
3583
FIVE9
FIVN
$2.22B
| $2.92M | ﹤0.01% |
120,625
-161,992
| -57% | -$4.28M |
|
3584
CALL
Hershey
HSY
$35.7B
| $2.92M | ﹤0.01% |
15,600
-8,700
| -36% | -$1.58M |
|
|
GHLD
3585
DELISTED
Guild Holdings
GHLD
| $2.92M | ﹤0.01% |
146,277
+132,262
| +944% | +$2.63M |
|
3586
CALL
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$23.7B
| $2.92M | ﹤0.01% |
83,700
| – | – |
|
3587
CALL
Tenable Holdings
TENB
$3.86B
| $2.92M | ﹤0.01% |
+100,000
| New | +$3.12M |
|
3588
PUT
Pegasystems
PEGA
$5.16B
| $2.92M | ﹤0.01% |
50,700
-300
| -0.6% | -$16.5K |
|
3589
Central Pacific Financial
CPF
$1.02B
| $2.91M | ﹤0.01% |
96,074
-53,892
| -36% | -$1.58M |
|
3590
Blink Charging
BLNK
$80.5M
| $2.91M | ﹤0.01% |
1,777,310
-377,166
| -18% | -$419K |
|
|
LEGT
3591
DELISTED
Legato Merger Corp III
LEGT
| $2.91M | ﹤0.01% |
271,354
+96,354
| +55% | +$1.03M |
|
3592
Stepan Co
SCL
$1.44B
| $2.9M | ﹤0.01% |
60,884
-22,505
| -27% | -$1.17M |
|
3593
Clearwater Paper
CLW
$359M
| $2.9M | ﹤0.01% |
139,766
+53,987
| +63% | +$1.3M |
|
|
HIVE
3594
CALL
HIVE Digital Technologies
HIVE
$796M
| $2.89M | ﹤0.01% |
+717,600
| New | +$1.93M |
|
3595
CALL
Gray Television
GTN
$434M
| $2.89M | ﹤0.01% |
500,000
| – | – |
|
|
PAII.U
3596
Pyrophyte Acquisition Corp II Units
PAII.U
$262M
| $2.89M | ﹤0.01% |
+285,000
| New | +$2.87M |
|
|
AXIA
3597
AXIA Energia
AXIA
$24.1B
| $2.89M | ﹤0.01% |
367,517
-1,930,619
| -84% | -$12.2M |
|
|
CPRX
3598
PUT
DELISTED
Catalyst Pharmaceutical
CPRX
| $2.89M | ﹤0.01% |
+146,500
| New | +$3.01M |
|
|
CRCL
3599
Circle Internet Group
CRCL
$15.7B
| $2.88M | ﹤0.01% |
21,744
+521
| +2% | +$82.4K |
|
3600
Crescent Capital BDC
CCAP
$414M
| $2.88M | ﹤0.01% |
202,054
+88,966
| +79% | +$1.33M |
|
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.