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 | |
|---|---|---|---|---|---|---|
3701
CALL
Archer Aviation
ACHR
$4.05B
| $2.58M | ﹤0.01% |
269,100
+232,900
| +643% | +$2.3M |
|
3702
Ooma
OOMA
$592M
| $2.58M | ﹤0.01% |
214,873
-113,201
| -35% | -$1.39M |
|
3703
CALL
Rhythm Pharmaceuticals
RYTM
$7.26B
| $2.58M | ﹤0.01% |
+25,500
| New | +$2.37M |
|
3704
Gartner
IT
$12.4B
| $2.57M | ﹤0.01% |
9,792
-247,171
| -96% | -$72.1M |
|
3705
CALL
Regions Financial
RF
$27.3B
| $2.57M | ﹤0.01% |
97,600
+54,600
| +127% | +$1.42M |
|
3706
Americold
COLD
$4.04B
| $2.57M | ﹤0.01% |
210,183
+60,754
| +41% | +$905K |
|
3707
Delcath Systems
DCTH
$454M
| $2.57M | ﹤0.01% |
239,254
-10,501
| -4% | -$117K |
|
|
GNTY
3708
DELISTED
Guaranty Bancshares
GNTY
| $2.57M | ﹤0.01% |
52,691
+42,773
| +431% | +$2M |
|
3709
Climb Global Solutions
CLMB
$500M
| $2.57M | ﹤0.01% |
76,156
-19,240
| -20% | -$571K |
|
3710
Precigen
PGEN
$2.33B
| $2.56M | ﹤0.01% |
779,558
+540,806
| +227% | +$1.53M |
|
3711
Flowers Foods
FLO
$1.55B
| $2.56M | ﹤0.01% |
195,830
+94,494
| +93% | +$1.43M |
|
3712
Zura Bio
ZURA
$541M
| $2.55M | ﹤0.01% |
589,700
-199,609
| -25% | -$359K |
|
3713
Baidu
BIDU
$38.2B
| $2.55M | ﹤0.01% |
19,345
-23,203
| -55% | -$2.3M |
|
3714
Encore Capital Group
ECPG
$2.05B
| $2.55M | ﹤0.01% |
61,029
+17,521
| +40% | +$720K |
|
3715
Kodiak Sciences
KOD
$2.68B
| $2.54M | ﹤0.01% |
+155,255
| New | +$1.34M |
|
3716
CALL
Williams-Sonoma
WSM
$29.3B
| $2.54M | ﹤0.01% |
13,000
-2,000
| -13% | -$382K |
|
3717
Knife River
KNF
$3.94B
| $2.54M | ﹤0.01% |
+32,997
| New | +$2.7M |
|
3718
CALL
Arvinas
ARVN
$581M
| $2.53M | ﹤0.01% |
297,000
+58,000
| +24% | +$440K |
|
|
BNY
3719
PUT
Bank of New York Mellon
BNY
$106B
| $2.53M | ﹤0.01% |
23,200
-181,700
| -89% | -$18.5M |
|
3720
PUT
XPO
XPO
$23.8B
| $2.52M | ﹤0.01% |
19,500
+2,000
| +11% | +$260K |
|
3721
CALL
First Citizens BancShares
FCNCA
$25.6B
| $2.5M | ﹤0.01% |
1,400
| – | – |
|
3722
PUT
TransDigm Group
TDG
$71.3B
| $2.5M | ﹤0.01% |
1,900
-300
| -14% | -$429K |
|
3723
Algoma Steel
ASTL
$445M
| $2.5M | ﹤0.01% |
704,380
+563,628
| +400% | +$2.99M |
|
3724
Dick's Sporting Goods
DKS
$18B
| $2.5M | ﹤0.01% |
11,249
-230,684
| -95% | -$50.2M |
|
3725
Wabash National
WNC
$507M
| $2.5M | ﹤0.01% |
253,241
+227,831
| +897% | +$2.43M |
|
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.