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 | |
|---|---|---|---|---|---|---|
3801
Renasant Corp
RNST
$4.05B
| $2.32M | ﹤0.01% |
62,954
-80,064
| -56% | -$3.03M |
|
3802
FLEX LNG
FLNG
$1.65B
| $2.32M | ﹤0.01% |
91,910
-297
| -0.3% | -$7.37K |
|
3803
Gogo Inc
GOGO
$630M
| $2.32M | ﹤0.01% |
269,531
-645,656
| -71% | -$8.18M |
|
3804
PepGen
PEPG
$133M
| $2.31M | ﹤0.01% |
500,266
-1,008,932
| -67% | -$1.63M |
|
|
STKL
3805
DELISTED
SunOpta
STKL
| $2.31M | ﹤0.01% |
394,286
+169,093
| +75% | +$1.05M |
|
|
VACH
3806
DELISTED
Voyager Acquisition Corp
VACH
| $2.31M | ﹤0.01% |
220,000
| – | – |
|
3807
Bar Harbor Bankshares
BHB
$682M
| $2.31M | ﹤0.01% |
75,720
+31,450
| +71% | +$983K |
|
3808
GrowGeneration
GRWG
$89.5M
| $2.31M | ﹤0.01% |
1,233,222
-74,649
| -6% | -$102K |
|
3809
Teladoc Health
TDOC
$1.22B
| $2.3M | ﹤0.01% |
298,122
-404,477
| -58% | -$3.16M |
|
3810
CALL
Procore
PCOR
$8.49B
| $2.3M | ﹤0.01% |
31,600
-23,000
| -42% | -$1.61M |
|
|
CMA
3811
PUT
DELISTED
Comerica
CMA
| $2.3M | ﹤0.01% |
33,600
-4,100
| -11% | -$276K |
|
3812
Champion Homes
SKY
$4.52B
| $2.3M | ﹤0.01% |
30,081
+9,529
| +46% | +$673K |
|
3813
iShares Russell 1000 Growth ETF
IWF
$127B
| $2.29M | ﹤0.01% |
19,596
-53,496
| -73% | -$5.96M |
|
3814
ATN International
ATNI
$387M
| $2.29M | ﹤0.01% |
153,074
+12,882
| +9% | +$213K |
|
3815
Geospace Technologies
GEOS
$94.6M
| $2.29M | ﹤0.01% |
120,854
-25,357
| -17% | -$411K |
|
3816
PUT
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.56B
| $2.29M | ﹤0.01% |
69,400
-258,500
| -79% | -$7.77M |
|
|
VRNT
3817
DELISTED
Verint Systems
VRNT
| $2.29M | ﹤0.01% |
113,018
+24,281
| +27% | +$500K |
|
3818
CALL
Enanta Pharmaceuticals
ENTA
$387M
| $2.28M | ﹤0.01% |
190,400
+140,400
| +281% | +$1.12M |
|
3819
Open Text
OTEX
$6.41B
| $2.28M | ﹤0.01% |
+60,907
| New | +$1.95M |
|
|
BBUC
3820
Brookfield Business Corp Class A Subordinate Voting Shares
BBUC
$6.41B
| $2.27M | ﹤0.01% |
67,796
-45,870
| -40% | -$1.48M |
|
3821
CALL
Cedar Fair
FUN
$1.85B
| $2.27M | ﹤0.01% |
+100,000
| New | +$2.66M |
|
|
CYBR
3822
CALL
DELISTED
CyberArk
CYBR
| $2.27M | ﹤0.01% |
4,700
-2,800
| -37% | -$1.2M |
|
3823
Barrett Business Services
BBSI
$984M
| $2.27M | ﹤0.01% |
51,175
-17,624
| -26% | -$807K |
|
3824
CALL
LyondellBasell Industries
LYB
$19.7B
| $2.27M | ﹤0.01% |
46,200
+14,000
| +43% | +$790K |
|
3825
CALL
Wingstop
WING
$3.31B
| $2.27M | ﹤0.01% |
9,000
+1,900
| +27% | +$590K |
|
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.