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 | |
|---|---|---|---|---|---|---|
|
CBL
3826
CBL Properties
CBL
$1.78B
| $2.26M | ﹤0.01% |
74,008
-17,781
| -19% | -$518K |
|
3827
CALL
On Holding
ONON
$12.6B
| $2.26M | ﹤0.01% |
53,400
+10,300
| +24% | +$490K |
|
3828
CALL
Flex
FLEX
$47.4B
| $2.26M | ﹤0.01% |
+39,000
| New | +$2.07M |
|
3829
Quince Therapeutics
QNCX
$24.5M
| $2.26M | ﹤0.01% |
6,934
+6,381
| +1,154% | +$2.12M |
|
3830
Grupo Aeroportuario del Sureste
ASR
$8.29B
| $2.25M | ﹤0.01% |
6,953
+3,778
| +119% | +$1.22M |
|
|
RDAG
3831
Republic Digital Acquisition Co
RDAG
$389M
| $2.25M | ﹤0.01% |
+220,000
| New | +$2.26M |
|
3832
Camden National
CAC
$1.01B
| $2.25M | ﹤0.01% |
58,200
+3,567
| +7% | +$143K |
|
3833
Root
ROOT
$939M
| $2.25M | ﹤0.01% |
25,090
-11,887
| -32% | -$1.25M |
|
3834
PUT
Ferguson
FERG
$49.6B
| $2.25M | ﹤0.01% |
10,000
-8,900
| -47% | -$2.02M |
|
3835
Banco Santander Chile
BSAC
$16.4B
| $2.24M | ﹤0.01% |
84,676
-73,788
| -47% | -$1.81M |
|
3836
Cosan
CSAN
$3.09B
| $2.24M | ﹤0.01% |
487,514
+341,973
| +235% | +$1.58M |
|
3837
Li Auto
LI
$13.4B
| $2.24M | ﹤0.01% |
88,484
-1,587,259
| -95% | -$41.1M |
|
|
JBS
3838
CALL
JBS N.V.
JBS
$44.8B
| $2.24M | ﹤0.01% |
150,000
| – | – |
|
|
JBS
3839
PUT
JBS N.V.
JBS
$44.8B
| $2.24M | ﹤0.01% |
+150,000
| New | +$2.19M |
|
|
GDEN
3840
DELISTED
Golden Entertainment
GDEN
| $2.24M | ﹤0.01% |
94,920
+84,867
| +844% | +$2.26M |
|
3841
CALL
Equinor
EQNR
$93B
| $2.24M | ﹤0.01% |
91,800
+32,800
| +56% | +$823K |
|
3842
CALL
STAAR Surgical
STAA
$1.19B
| $2.24M | ﹤0.01% |
+83,200
| New | +$1.98M |
|
|
IONQ.WS
3843
CALL
IonQ Inc Warrants
IONQ.WS
$7.45B
| $2.24M | ﹤0.01% |
45,000
| – | – |
|
3844
Progyny
PGNY
$2.46B
| $2.23M | ﹤0.01% |
103,611
-323,137
| -76% | -$7.34M |
|
3845
CALL
Citizens Financial Group
CFG
$31.3B
| $2.23M | ﹤0.01% |
41,900
-3,200
| -7% | -$159K |
|
3846
CALL
Perrigo
PRGO
$1.47B
| $2.23M | ﹤0.01% |
+100,000
| New | +$2.44M |
|
3847
LXP Industrial Trust
LXP
$3.57B
| $2.22M | ﹤0.01% |
49,602
-17,792
| -26% | -$764K |
|
3848
PUT
Darling Ingredients
DAR
$9.56B
| $2.22M | ﹤0.01% |
71,800
+53,500
| +292% | +$1.79M |
|
3849
PUT
Aon
AON
$75.3B
| $2.21M | ﹤0.01% |
6,200
+1,000
| +19% | +$362K |
|
3850
Spire Global
SPIR
$523M
| $2.21M | ﹤0.01% |
201,104
+69,884
| +53% | +$722K |
|
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.