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 | |
|---|---|---|---|---|---|---|
3751
PUT
SunCoke Energy
SXC
$749M
| $2.41M | ﹤0.01% |
+295,700
| New | +$2.36M |
|
3752
CALL
Stanley Black & Decker
SWK
$15.4B
| $2.41M | ﹤0.01% |
32,400
+3,400
| +12% | +$249K |
|
3753
PUT
Campbell Soup
CPB
$6.77B
| $2.4M | ﹤0.01% |
76,100
+58,500
| +332% | +$1.89M |
|
3754
PUT
Travere Therapeutics
TVTX
$5.24B
| $2.4M | ﹤0.01% |
+100,500
| New | +$1.89M |
|
3755
ePlus
PLUS
$2.54B
| $2.4M | ﹤0.01% |
+33,824
| New | +$2.39M |
|
3756
Bank of Montreal
BMO
$126B
| $2.4M | ﹤0.01% |
+18,419
| New | +$2.18M |
|
3757
Arbutus Biopharma
ABUS
$873M
| $2.4M | ﹤0.01% |
528,340
+28,857
| +6% | +$106K |
|
3758
PUT
Guidewire Software
GWRE
$13.3B
| $2.39M | ﹤0.01% |
10,400
-22,100
| -68% | -$5.03M |
|
3759
Core Laboratories
CLB
$516M
| $2.39M | ﹤0.01% |
193,397
-128,692
| -40% | -$1.51M |
|
3760
Invesco S&P 500 Low Volatility ETF
SPLV
$7.23B
| $2.39M | ﹤0.01% |
32,506
+11,299
| +53% | +$826K |
|
3761
iShares National Muni Bond ETF
MUB
$45.4B
| $2.39M | ﹤0.01% |
22,425
+10,816
| +93% | +$1.13M |
|
3762
Tenax Therapeutics
TENX
$516M
| $2.39M | ﹤0.01% |
313,712
+79,998
| +34% | +$489K |
|
3763
Movado Group
MOV
$878M
| $2.39M | ﹤0.01% |
125,832
+3,854
| +3% | +$66.8K |
|
3764
Smith & Nephew
SNN
$12.8B
| $2.39M | ﹤0.01% |
65,729
-342,528
| -84% | -$11.8M |
|
3765
Wheels Up
UP
$208M
| $2.38M | ﹤0.01% |
64,763
-25,808
| -28% | -$941K |
|
3766
CALL
Wheaton Precious Metals
WPM
$52.4B
| $2.38M | ﹤0.01% |
21,300
-18,700
| -47% | -$1.83M |
|
|
MASI
3767
DELISTED
Masimo
MASI
| $2.38M | ﹤0.01% |
16,131
+12,224
| +313% | +$1.85M |
|
3768
PUT
Teladoc Health
TDOC
$1.21B
| $2.38M | ﹤0.01% |
307,900
-75,000
| -20% | -$585K |
|
|
AXINU
3769
Axiom Intelligence Acquisition Corp 1 Units
AXINU
$192M
| $2.38M | ﹤0.01% |
235,500
-264,500
| -53% | -$2.68M |
|
3770
Afya
AFYA
$1.28B
| $2.38M | ﹤0.01% |
152,309
-125,291
| -45% | -$1.92M |
|
3771
Fox Factory Holding Corp
FOXF
$829M
| $2.37M | ﹤0.01% |
97,766
-532,346
| -84% | -$15M |
|
3772
TORM
TRMD
$3.01B
| $2.37M | ﹤0.01% |
+115,163
| New | +$2.32M |
|
3773
PUT
Archer Daniels Midland
ADM
$38.5B
| $2.37M | ﹤0.01% |
39,700
+1,500
| +4% | +$87.8K |
|
3774
PUT
TE Connectivity
TEL
$62.9B
| $2.37M | ﹤0.01% |
10,800
-500
| -4% | -$100K |
|
3775
ASP Isotopes
ASPI
$541M
| $2.37M | ﹤0.01% |
245,985
+213,704
| +662% | +$1.97M |
|
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.