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 | |
|---|---|---|---|---|---|---|
3676
CALL
Symbotic
SYM
$6.04B
| $2.65M | ﹤0.01% |
49,200
-13,400
| -21% | -$677K |
|
3677
lululemon athletica
LULU
$14B
| $2.65M | ﹤0.01% |
14,903
-282,993
| -95% | -$56.7M |
|
3678
CALL
Fidelity National Information Services
FIS
$22.9B
| $2.65M | ﹤0.01% |
40,200
+5,900
| +17% | +$430K |
|
3679
SLR Investment Corp
SLRC
$719M
| $2.65M | ﹤0.01% |
+173,335
| New | +$2.82M |
|
|
PCSC
3680
DELISTED
Perceptive Capital Solutions
PCSC
| $2.65M | ﹤0.01% |
250,000
| – | – |
|
|
AXIN
3681
Axiom Intelligence Acquisition Corp 1
AXIN
$280M
| $2.63M | ﹤0.01% |
+264,500
| New | +$2.64M |
|
3682
CALL
EQT Corp
EQT
$33B
| $2.63M | ﹤0.01% |
48,400
-46,700
| -49% | -$2.47M |
|
3683
BioXcel Therapeutics
BTAI
$26.6M
| $2.63M | ﹤0.01% |
+1,028,053
| New | +$3.24M |
|
3684
A10 Networks
ATEN
$2.21B
| $2.63M | ﹤0.01% |
144,845
+51,718
| +56% | +$935K |
|
3685
Teradata
TDC
$3.24B
| $2.63M | ﹤0.01% |
122,058
+68,986
| +130% | +$1.48M |
|
3686
CALL
Commault Systems
CVLT
$5.47B
| $2.62M | ﹤0.01% |
13,900
-10,900
| -44% | -$1.97M |
|
3687
Arcosa
ACA
$7.13B
| $2.62M | ﹤0.01% |
27,991
-85,333
| -75% | -$7.93M |
|
3688
Ituran Location and Control
ITRN
$1.12B
| $2.62M | ﹤0.01% |
73,328
-70,509
| -49% | -$2.66M |
|
3689
Donegal Group Class A
DGICA
$721M
| $2.62M | ﹤0.01% |
135,038
+36,858
| +38% | +$674K |
|
|
BTQ
3690
BTQ Technologies Corp
BTQ
$573M
| $2.62M | ﹤0.01% |
+378,026
| New | +$2.32M |
|
3691
CALL
Xenon Pharmaceuticals
XENE
$6.19B
| $2.61M | ﹤0.01% |
+65,000
| New | +$2.29M |
|
3692
Workday
WDAY
$42.3B
| $2.6M | ﹤0.01% |
10,802
-428,213
| -98% | -$99M |
|
|
LAND
3693
Gladstone Land Corp
LAND
$352M
| $2.6M | ﹤0.01% |
283,538
+241,231
| +570% | +$2.28M |
|
3694
PUT
OneMain Financial
OMF
$7.53B
| $2.6M | ﹤0.01% |
46,000
-25,200
| -35% | -$1.49M |
|
3695
CALL
BridgeBio Pharma
BBIO
$16.1B
| $2.6M | ﹤0.01% |
50,000
+26,300
| +111% | +$1.28M |
|
3696
AC Immune
ACIU
$231M
| $2.59M | ﹤0.01% |
894,532
+603,000
| +207% | +$1.36M |
|
|
ESPR
3697
DELISTED
Esperion Therapeutics
ESPR
| $2.58M | ﹤0.01% |
974,856
+522,206
| +115% | +$1.01M |
|
3698
Kingstone Companies
KINS
$294M
| $2.58M | ﹤0.01% |
175,557
+17,084
| +11% | +$251K |
|
3699
CALL
Steel Dynamics
STLD
$38B
| $2.58M | ﹤0.01% |
18,500
-16,000
| -46% | -$2.1M |
|
3700
NWPX Infrastructure Inc
NWPX
$1.22B
| $2.58M | ﹤0.01% |
48,723
+22,611
| +87% | +$1.08M |
|
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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.