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 | |
|---|---|---|---|---|---|---|
3901
CALL
Aptiv
APTV
$12.1B
| $2.1M | ﹤0.01% |
24,400
+17,500
| +254% | +$1.32M |
|
|
NNDM
3902
Nano Dimension
NNDM
$328M
| $2.1M | ﹤0.01% |
1,339,347
-612,242
| -31% | -$893K |
|
|
FERAU
3903
Fifth Era Acquisition Corp I Units
FERAU
$220M
| $2.1M | ﹤0.01% |
200,000
-200,000
| -50% | -$2.09M |
|
|
FITB
3904
PUT
Fifth Third Bancorp
FITB
$51.6B
| $2.1M | ﹤0.01% |
47,100
+3,000
| +7% | +$131K |
|
3905
Workiva
WK
$3.43B
| $2.1M | ﹤0.01% |
24,358
-260,726
| -91% | -$19.6M |
|
3906
Surf Air Mobility
SRFM
$87.1M
| $2.09M | ﹤0.01% |
488,272
+474,521
| +3,451% | +$2.22M |
|
3907
PUT
iShares MSCI China ETF
MCHI
$6.31B
| $2.09M | ﹤0.01% |
+31,800
| New | +$1.91M |
|
|
SBXD
3908
SilverBox Corp IV
SBXD
$276M
| $2.09M | ﹤0.01% |
200,000
-35
| -0% | -$370 |
|
3909
PRA Group
PRAA
$666M
| $2.09M | ﹤0.01% |
135,516
-20,358
| -13% | -$330K |
|
|
LPBB
3910
Launch Two Acquisition Corp
LPBB
$309M
| $2.09M | ﹤0.01% |
200,000
| – | – |
|
3911
Upbound Group
UPBD
$1.18B
| $2.09M | ﹤0.01% |
88,301
-318,804
| -78% | -$7.87M |
|
3912
CALL
McKesson
MCK
$96.8B
| $2.09M | ﹤0.01% |
2,700
-13,100
| -83% | -$9.23M |
|
|
ITRG
3913
Integra Resources
ITRG
$434M
| $2.08M | ﹤0.01% |
708,954
+260,157
| +58% | +$522K |
|
3914
PUT
Hercules Capital
HTGC
$3.15B
| $2.08M | ﹤0.01% |
+110,100
| New | +$2.11M |
|
3915
AeroVironment
AVAV
$8.06B
| $2.08M | ﹤0.01% |
6,600
-3,654
| -36% | -$945K |
|
3916
PUT
Raymond James Financial
RJF
$34.1B
| $2.07M | ﹤0.01% |
12,000
-1,000
| -8% | -$166K |
|
|
CALY
3917
Callaway Golf Company
CALY
$3.43B
| $2.07M | ﹤0.01% |
218,020
-1,648,774
| -88% | -$15.3M |
|
3918
PUT
Invesco
IVZ
$13.6B
| $2.07M | ﹤0.01% |
+90,200
| New | +$1.87M |
|
3919
CALL
Shake Shack
SHAK
$2.61B
| $2.07M | ﹤0.01% |
22,100
| – | – |
|
3920
PUT
FMC
FMC
$1.3B
| $2.06M | ﹤0.01% |
61,400
-46,400
| -43% | -$1.81M |
|
3921
CALL
Rockwell Automation
ROK
$53.5B
| $2.06M | ﹤0.01% |
5,900
-46,800
| -89% | -$16.2M |
|
|
BMNR
3922
CALL
BitMine Immersion Technologies
BMNR
$10.5B
| $2.06M | ﹤0.01% |
+39,700
| New | +$2.01M |
|
3923
CALL
Tower Semiconductor
TSEM
$26.5B
| $2.06M | ﹤0.01% |
28,500
+6,700
| +31% | +$366K |
|
3924
First Business Financial Services
FBIZ
$604M
| $2.06M | ﹤0.01% |
40,174
+11,261
| +39% | +$576K |
|
|
CEPT
3925
DELISTED
Cantor Equity Partners II
CEPT
| $2.06M | ﹤0.01% |
195,912
+46,318
| +31% | +$498K |
|
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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.