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 | |
|---|---|---|---|---|---|---|
3876
Coca-Cola Europacific Partners
CCEP
$47.8B
| $2.16M | ﹤0.01% |
23,850
+11,200
| +89% | +$1.04M |
|
3877
PUT
Rubrik
RBRK
$15.4B
| $2.15M | ﹤0.01% |
+26,200
| New | +$2.25M |
|
3878
Wolfspeed
WOLF
$1.27B
| $2.15M | ﹤0.01% |
75,180
-4,356,808
| -98% | -$10.2M |
|
3879
Transcat
TRNS
$838M
| $2.14M | ﹤0.01% |
29,191
+14,740
| +102% | +$1.19M |
|
3880
CALL
Guardant Health
GH
$21.3B
| $2.13M | ﹤0.01% |
34,100
-75,600
| -69% | -$4.11M |
|
3881
Vicor
VICR
$9.85B
| $2.13M | ﹤0.01% |
42,792
-177,086
| -81% | -$8.63M |
|
3882
CALL
Embecta
EMBC
$221M
| $2.13M | ﹤0.01% |
+150,700
| New | +$1.91M |
|
3883
Lakeland Financial Corp
LKFN
$1.56B
| $2.13M | ﹤0.01% |
33,110
-310,230
| -90% | -$20.1M |
|
3884
CALL
PPG Industries
PPG
$25.3B
| $2.12M | ﹤0.01% |
20,200
-13,100
| -39% | -$1.46M |
|
3885
PUT
Travelers Companies
TRV
$78B
| $2.12M | ﹤0.01% |
7,600
-2,600
| -25% | -$696K |
|
3886
PUT
Urban Outfitters
URBN
$6.65B
| $2.12M | ﹤0.01% |
29,700
+7,800
| +36% | +$574K |
|
|
FINV
3887
FinVolution Group
FINV
$1.17B
| $2.12M | ﹤0.01% |
287,809
+92,803
| +48% | +$814K |
|
|
PHLT
3888
DELISTED
Performant Healthcare Inc
PHLT
| $2.12M | ﹤0.01% |
274,046
+258,614
| +1,676% | +$1.65M |
|
|
CSGS
3889
DELISTED
CSG Systems International
CSGS
| $2.11M | ﹤0.01% |
32,838
-2,062
| -6% | -$131K |
|
3890
Eve Holding
EVEX
$836M
| $2.11M | ﹤0.01% |
554,223
+481,275
| +660% | +$2.56M |
|
3891
Upexi
UPXI
$58.8M
| $2.11M | ﹤0.01% |
365,957
-19,296
| -5% | -$117K |
|
3892
PUT
Iron Mountain
IRM
$36.9B
| $2.11M | ﹤0.01% |
20,700
-3,700
| -15% | -$356K |
|
3893
LG Display
LPL
$3.07B
| $2.11M | ﹤0.01% |
404,155
+363,673
| +898% | +$1.51M |
|
3894
Washington Trust Bancorp
WASH
$755M
| $2.11M | ﹤0.01% |
72,941
-134,891
| -65% | -$3.9M |
|
3895
PUT
Sysco
SYY
$40.7B
| $2.11M | ﹤0.01% |
25,600
+13,400
| +110% | +$1.07M |
|
3896
CALL
Valaris
VAL
$5.32B
| $2.11M | ﹤0.01% |
43,200
-17,000
| -28% | -$829K |
|
3897
CALL
Ventas
VTR
$46.6B
| $2.11M | ﹤0.01% |
30,100
-11,900
| -28% | -$800K |
|
3898
PUT
GitLab
GTLB
$6.01B
| $2.11M | ﹤0.01% |
46,700
+33,800
| +262% | +$1.55M |
|
|
ODV
3899
DELISTED
Osisko Development Corp
ODV
| $2.11M | ﹤0.01% |
+620,752
| New | +$1.65M |
|
3900
Vornado Realty Trust
VNO
$7.51B
| $2.1M | ﹤0.01% |
51,921
-987,552
| -95% | -$38.5M |
|
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.