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 | |
|---|---|---|---|---|---|---|
3726
PUT
Generac Holdings
GNRC
$12.9B
| $2.49M | ﹤0.01% |
14,900
+9,300
| +166% | +$1.63M |
|
3727
Rekor Systems
REKR
$94.9M
| $2.49M | ﹤0.01% |
1,587,284
+271,981
| +21% | +$344K |
|
3728
Summit Therapeutics
SMMT
$11B
| $2.49M | ﹤0.01% |
120,514
-435,495
| -78% | -$10.6M |
|
3729
Barnes & Noble Education
BNED
$447M
| $2.49M | ﹤0.01% |
250,030
-74,093
| -23% | -$691K |
|
3730
Tronox
TROX
$948M
| $2.47M | ﹤0.01% |
615,461
+49,476
| +9% | +$226K |
|
3731
Granite Ridge Resources
GRNT
$629M
| $2.47M | ﹤0.01% |
456,073
+218,802
| +92% | +$1.19M |
|
3732
Third Coast Bancshares
TCBX
$734M
| $2.47M | ﹤0.01% |
64,952
-134,791
| -67% | -$5.12M |
|
3733
PUT
American International
AIG
$42.1B
| $2.47M | ﹤0.01% |
31,400
-11,900
| -27% | -$951K |
|
3734
UL Solutions
ULS
$15.8B
| $2.46M | ﹤0.01% |
34,741
-195,498
| -85% | -$13.3M |
|
3735
Janux Therapeutics
JANX
$973M
| $2.46M | ﹤0.01% |
100,645
-113,717
| -53% | -$2.77M |
|
3736
Broadridge
BR
$19.5B
| $2.46M | ﹤0.01% |
10,315
-321,828
| -97% | -$80.2M |
|
3737
CALL
Leidos
LDOS
$16.4B
| $2.46M | ﹤0.01% |
13,000
-1,700
| -12% | -$296K |
|
|
DCBO
3738
Docebo
DCBO
$523M
| $2.46M | ﹤0.01% |
89,971
-43,223
| -32% | -$1.31M |
|
|
HNGE
3739
PUT
Hinge Health
HNGE
$6.15B
| $2.45M | ﹤0.01% |
+50,000
| New | +$2.62M |
|
3740
Patrick Industries
PATK
$2.88B
| $2.45M | ﹤0.01% |
23,715
+18,124
| +324% | +$1.9M |
|
|
MAGN
3741
Magnera Corp
MAGN
$487M
| $2.45M | ﹤0.01% |
209,088
-511,171
| -71% | -$6.35M |
|
|
CLDT
3742
Chatham Lodging
CLDT
$629M
| $2.45M | ﹤0.01% |
365,062
-21,179
| -5% | -$152K |
|
3743
Community Bank
CBU
$3.51B
| $2.45M | ﹤0.01% |
41,757
+33,537
| +408% | +$1.94M |
|
3744
Hertz
HTZ
$477M
| $2.44M | ﹤0.01% |
358,961
-3,364,001
| -90% | -$21.6M |
|
3745
Teekay Tankers
TNK
$2.66B
| $2.44M | ﹤0.01% |
48,222
-57,194
| -54% | -$2.71M |
|
3746
Weave Communications
WEAV
$547M
| $2.43M | ﹤0.01% |
363,919
+98,953
| +37% | +$762K |
|
3747
PUT
ArcelorMittal
MT
$56.7B
| $2.42M | ﹤0.01% |
67,000
-64,300
| -49% | -$2.17M |
|
3748
CALL
FIVE9
FIVN
$2.28B
| $2.42M | ﹤0.01% |
100,000
-100,000
| -50% | -$2.64M |
|
3749
Vipshop
VIPS
$7.49B
| $2.42M | ﹤0.01% |
123,184
-119,506
| -49% | -$1.98M |
|
3750
PUT
Ralph Lauren
RL
$22.5B
| $2.41M | ﹤0.01% |
7,700
-2,000
| -21% | -$596K |
|
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.