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 | |
|---|---|---|---|---|---|---|
|
KCHV
3851
Kochav Defense Acquisition Corp
KCHV
$356M
| $2.21M | ﹤0.01% |
+220,000
| New | +$2.21M |
|
3852
BOK Financial
BOKF
$8.74B
| $2.21M | ﹤0.01% |
19,799
-8,575
| -30% | -$916K |
|
3853
Vanguard FTSE Developed Markets ETF
VEA
$230B
| $2.21M | ﹤0.01% |
+36,820
| New | +$2.15M |
|
3854
NIO
NIO
$12.1B
| $2.21M | ﹤0.01% |
289,394
+279,172
| +2,731% | +$1.5M |
|
3855
iHeartMedia
IHRT
$602M
| $2.2M | ﹤0.01% |
+768,107
| New | +$1.7M |
|
3856
CALL
WIX.com
WIX
$2.38B
| $2.2M | ﹤0.01% |
12,400
+4,800
| +63% | +$722K |
|
3857
PUT
GlobalFoundries
GFS
$27.4B
| $2.2M | ﹤0.01% |
61,400
+31,400
| +105% | +$1.12M |
|
3858
BRC Group Holdings
RILY
$301M
| $2.2M | ﹤0.01% |
367,984
+124,762
| +51% | +$690K |
|
3859
First Internet Bancorp
INBK
$261M
| $2.19M | ﹤0.01% |
97,839
-19,603
| -17% | -$483K |
|
|
PCAPU
3860
ProCap Acquisition Corp Unit
PCAPU
$212M
| $2.19M | ﹤0.01% |
208,856
-182,700
| -47% | -$1.92M |
|
3861
Hycroft Mining Holding Corp
HYMC
$1.92B
| $2.19M | ﹤0.01% |
+353,660
| New | +$1.57M |
|
3862
CALL
Ameren
AEE
$30.3B
| $2.19M | ﹤0.01% |
21,000
-2,800
| -12% | -$279K |
|
3863
CALL
W.W. Grainger
GWW
$64.7B
| $2.19M | ﹤0.01% |
2,300
-2,200
| -49% | -$2.21M |
|
|
MRX
3864
CALL
Marex Group Limited Ordinary Shares
MRX
$4.61B
| $2.19M | ﹤0.01% |
+65,000
| New | +$2.35M |
|
3865
PUT
Bio-Techne
TECH
$11.2B
| $2.18M | ﹤0.01% |
+39,200
| New | +$2.1M |
|
3866
CALL
Equifax
EFX
$20.5B
| $2.18M | ﹤0.01% |
8,500
+5,500
| +183% | +$1.38M |
|
|
TVA
3867
Texas Ventures Acquisition III Corp
TVA
$315M
| $2.18M | ﹤0.01% |
+203,498
| New | +$2.07M |
|
3868
Groupon
GRPN
$1.05B
| $2.18M | ﹤0.01% |
93,228
-402,645
| -81% | -$11.6M |
|
3869
CALL
Willis Towers Watson
WTW
$31.7B
| $2.18M | ﹤0.01% |
6,300
-3,000
| -32% | -$972K |
|
3870
PUT
Tower Semiconductor
TSEM
$26.5B
| $2.18M | ﹤0.01% |
30,100
+23,300
| +343% | +$1.27M |
|
3871
PUT
First Majestic Silver
AG
$7.74B
| $2.17M | ﹤0.01% |
176,700
-180,100
| -50% | -$1.67M |
|
|
AMRN
3872
Amarin Corp
AMRN
$297M
| $2.17M | ﹤0.01% |
132,391
+87,147
| +193% | +$1.35M |
|
3873
CALL
Eos Energy Enterprises
EOSE
$1.36B
| $2.16M | ﹤0.01% |
+190,000
| New | +$1.3M |
|
3874
PUT
dLocal
DLO
$4.51B
| $2.16M | ﹤0.01% |
+151,400
| New | +$1.92M |
|
3875
PUT
Stellantis
STLA
$21.3B
| $2.16M | ﹤0.01% |
231,400
+1,400
| +0.6% | +$13.4K |
|
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.