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 | |
|---|---|---|---|---|---|---|
3776
PUT
Synchrony
SYF
$25.7B
| $2.37M | ﹤0.01% |
33,300
-109,000
| -77% | -$7.9M |
|
3777
United Microelectronic
UMC
$51.2B
| $2.36M | ﹤0.01% |
311,911
+253,131
| +431% | +$1.8M |
|
3778
Asbury Automotive
ABG
$4.01B
| $2.36M | ﹤0.01% |
9,666
-6,998
| -42% | -$1.7M |
|
|
REFI
3779
Chicago Atlantic Real Estate Finance
REFI
$251M
| $2.36M | ﹤0.01% |
184,697
+26,751
| +17% | +$367K |
|
3780
LifeVantage
LFVN
$84.5M
| $2.36M | ﹤0.01% |
242,688
-48,817
| -17% | -$611K |
|
3781
PUT
iShares Silver Trust
SLV
$28.8B
| $2.36M | ﹤0.01% |
55,600
-49,500
| -47% | -$1.78M |
|
3782
Equinor
EQNR
$92.5B
| $2.36M | ﹤0.01% |
96,604
-283,548
| -75% | -$7.11M |
|
3783
PUT
Fidelity National Information Services
FIS
$22B
| $2.35M | ﹤0.01% |
35,700
-31,200
| -47% | -$2.28M |
|
3784
PUT
Unilever
UL
$138B
| $2.35M | ﹤0.01% |
35,289
+3,911
| +12% | +$270K |
|
3785
CALL
First Majestic Silver
AG
$8.17B
| $2.35M | ﹤0.01% |
191,300
-160,300
| -46% | -$1.49M |
|
3786
PUT
Stanley Black & Decker
SWK
$15.2B
| $2.35M | ﹤0.01% |
31,600
+12,200
| +63% | +$895K |
|
3787
Tidewater
TDW
$3.97B
| $2.35M | ﹤0.01% |
+44,015
| New | +$2.41M |
|
3788
SIGA Technologies
SIGA
$233M
| $2.35M | ﹤0.01% |
256,337
+199,852
| +354% | +$1.6M |
|
3789
Viasat
VSAT
$11.9B
| $2.34M | ﹤0.01% |
79,995
-2,126,633
| -96% | -$50.9M |
|
3790
CarGurus
CARG
$3.36B
| $2.34M | ﹤0.01% |
62,915
-104,780
| -62% | -$3.58M |
|
3791
PUT
Atmos Energy
ATO
$28.8B
| $2.34M | ﹤0.01% |
13,700
+1,400
| +11% | +$226K |
|
|
ACB
3792
Aurora Cannabis
ACB
$172M
| $2.34M | ﹤0.01% |
391,782
+332,750
| +564% | +$1.62M |
|
|
TE
3793
T1 Energy
TE
$1.44B
| $2.34M | ﹤0.01% |
+1,072,525
| New | +$1.71M |
|
3794
Mitsubishi UFJ Financial
MUFG
$247B
| $2.33M | ﹤0.01% |
146,398
-309,972
| -68% | -$4.59M |
|
3795
Highwoods Properties
HIW
$3.65B
| $2.33M | ﹤0.01% |
73,308
+63,841
| +674% | +$1.95M |
|
3796
Erie Indemnity
ERIE
$12.4B
| $2.33M | ﹤0.01% |
7,327
-42,042
| -85% | -$14.5M |
|
3797
Talkspace
TALK
$873M
| $2.33M | ﹤0.01% |
843,967
-498,204
| -37% | -$1.29M |
|
3798
PUT
Symbotic
SYM
$5.95B
| $2.33M | ﹤0.01% |
43,200
-7,700
| -15% | -$389K |
|
3799
CALL
Prologis
PLD
$131B
| $2.32M | ﹤0.01% |
20,300
-106,400
| -84% | -$11.7M |
|
|
NXDR
3800
Nextdoor Holdings
NXDR
$889M
| $2.32M | ﹤0.01% |
1,111,859
-1,447,359
| -57% | -$2.81M |
|
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.