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 | |
|---|---|---|---|---|---|---|
3651
PUT
Moody's
MCO
$83.8B
| $2.72M | ﹤0.01% |
5,700
-4,900
| -46% | -$2.47M |
|
3652
Valaris
VAL
$5.41B
| $2.71M | ﹤0.01% |
55,609
+16,826
| +43% | +$821K |
|
3653
PUT
iShares Semiconductor ETF
SOXX
$48.6B
| $2.71M | ﹤0.01% |
+10,000
| New | +$2.49M |
|
3654
Designer Brands
DBI
$336M
| $2.71M | ﹤0.01% |
765,278
+744,934
| +3,662% | +$2.57M |
|
3655
RUM Group Inc
RUM
$1.77B
| $2.71M | ﹤0.01% |
374,068
-918,629
| -71% | -$7.51M |
|
3656
CALL
American Water Works
AWK
$26.6B
| $2.7M | ﹤0.01% |
19,400
+13,200
| +213% | +$1.87M |
|
|
PLG
3657
Platinum Group Metals
PLG
$176M
| $2.7M | ﹤0.01% |
1,017,139
+769,585
| +311% | +$1.31M |
|
3658
Genpact
G
$6.07B
| $2.69M | ﹤0.01% |
64,139
-983,513
| -94% | -$43.2M |
|
|
DENN
3659
DELISTED
Denny's
DENN
| $2.69M | ﹤0.01% |
513,610
-330,004
| -39% | -$1.46M |
|
3660
CALL
Synchrony
SYF
$25.7B
| $2.69M | ﹤0.01% |
37,800
-64,200
| -63% | -$4.65M |
|
3661
PUT
Consolidated Edison
ED
$40B
| $2.68M | ﹤0.01% |
26,700
-10,800
| -29% | -$1.08M |
|
3662
Chegg
CHGG
$115M
| $2.68M | ﹤0.01% |
1,776,481
-219,526
| -11% | -$309K |
|
3663
Everspin Technologies
MRAM
$408M
| $2.68M | ﹤0.01% |
287,382
-37,174
| -11% | -$253K |
|
3664
CALL
Cboe Global Markets
CBOE
$30.1B
| $2.67M | ﹤0.01% |
10,900
+5,300
| +95% | +$1.27M |
|
3665
PUT
SAP
SAP
$226B
| $2.67M | ﹤0.01% |
+10,000
| New | +$2.81M |
|
|
SCPH
3666
DELISTED
scPharmaceuticals
SCPH
| $2.67M | ﹤0.01% |
471,119
-67,351
| -13% | -$345K |
|
3667
CALL
Skyworks Solutions
SWKS
$10.1B
| $2.67M | ﹤0.01% |
34,700
-34,700
| -50% | -$2.58M |
|
3668
Boot Barn
BOOT
$4.94B
| $2.67M | ﹤0.01% |
16,108
-38,964
| -71% | -$6.72M |
|
|
IPCX
3669
Inflection Point Acquisition Corp III
IPCX
$160M
| $2.67M | ﹤0.01% |
264,877
+65,015
| +33% | +$660K |
|
3670
The Bancorp
TBBK
$3B
| $2.66M | ﹤0.01% |
35,523
-145,313
| -80% | -$10.1M |
|
3671
Pharvaris
PHVS
$2.37B
| $2.66M | ﹤0.01% |
106,548
+93,263
| +702% | +$2.07M |
|
3672
PUT
Aptiv
APTV
$10.1B
| $2.66M | ﹤0.01% |
30,800
-96,800
| -76% | -$7.3M |
|
3673
CALL
BlackLine
BL
$1.94B
| $2.65M | ﹤0.01% |
+50,000
| New | +$2.7M |
|
3674
PUT
GoDaddy
GDDY
$11.3B
| $2.65M | ﹤0.01% |
19,400
+1,300
| +7% | +$200K |
|
3675
Seadrill
SDRL
$2.66B
| $2.65M | ﹤0.01% |
87,787
-159,034
| -64% | -$4.84M |
|
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.