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 | |
|---|---|---|---|---|---|---|
3926
Hillman Solutions
HLMN
$1.63B
| $2.06M | ﹤0.01% |
224,086
-442,372
| -66% | -$3.99M |
|
|
RAC
3927
Rithm Acquisition Corp
RAC
$308M
| $2.05M | ﹤0.01% |
+200,000
| New | +$2.05M |
|
3928
Koppers
KOP
$976M
| $2.05M | ﹤0.01% |
73,138
-227,687
| -76% | -$7.01M |
|
3929
Ethan Allen Interiors
ETD
$598M
| $2.04M | ﹤0.01% |
69,379
+60,880
| +716% | +$1.8M |
|
3930
ALPS Clean Energy ETF
ACES
$120M
| $2.04M | ﹤0.01% |
+63,818
| New | +$1.83M |
|
|
AACB
3931
Artius II Acquisition Inc
AACB
$292M
| $2.04M | ﹤0.01% |
+200,000
| New | +$2.03M |
|
3932
Lyell Immunopharma
LYEL
$315M
| $2.04M | ﹤0.01% |
125,361
+73,132
| +140% | +$835K |
|
3933
PUT
Cboe Global Markets
CBOE
$31.1B
| $2.04M | ﹤0.01% |
8,300
-2,200
| -21% | -$529K |
|
3934
Fiverr
FVRR
$340M
| $2.04M | ﹤0.01% |
83,374
-176,220
| -68% | -$4.32M |
|
3935
SoundHound AI
SOUN
$2.66B
| $2.03M | ﹤0.01% |
126,543
-716,651
| -85% | -$9.51M |
|
|
FERA
3936
Fifth Era Acquisition Corp I
FERA
$326M
| $2.03M | ﹤0.01% |
+200,000
| New | +$2.03M |
|
|
CGCTU
3937
DELISTED
Cartesian Growth Corp III Unit
CGCTU
| $2.03M | ﹤0.01% |
200,000
| – | – |
|
|
GAP
3938
CALL
The Gap Inc
GAP
$7.38B
| $2.03M | ﹤0.01% |
95,000
-31,900
| -25% | -$690K |
|
3939
Masco
MAS
$14.7B
| $2.03M | ﹤0.01% |
28,864
-2,039,026
| -99% | -$144M |
|
3940
Integer Holdings
ITGR
$4.23B
| $2.03M | ﹤0.01% |
19,625
-237,688
| -92% | -$25.9M |
|
3941
CALL
Unilever
UL
$137B
| $2.02M | ﹤0.01% |
30,311
-10,933
| -27% | -$755K |
|
|
KOYNU
3942
CSLM Digital Asset Acquisition Corp III Units
KOYNU
$214M
| $2.02M | ﹤0.01% |
+200,000
| New | +$2.01M |
|
3943
Tyra Biosciences
TYRA
$1.91B
| $2.01M | ﹤0.01% |
144,016
-263,448
| -65% | -$3M |
|
3944
Acco Brands
ACCO
$399M
| $2.01M | ﹤0.01% |
503,681
-207,390
| -29% | -$808K |
|
3945
CALL
Waste Management
WM
$90.5B
| $2.01M | ﹤0.01% |
9,100
-46,700
| -84% | -$10.5M |
|
3946
Aramark
ARMK
$14.9B
| $2.01M | ﹤0.01% |
52,312
-34,340
| -40% | -$1.39M |
|
3947
CALL
PagSeguro Digital
PAGS
$2.68B
| $2M | ﹤0.01% |
+200,000
| New | +$1.8M |
|
3948
Adeia
ADEA
$3.07B
| $2M | ﹤0.01% |
118,790
+46,609
| +65% | +$691K |
|
3949
Humacyte
HUMA
$186M
| $2M | ﹤0.01% |
1,146,838
-1,406,109
| -55% | -$2.75M |
|
3950
CALL
Pultegroup
PHM
$24.6B
| $2M | ﹤0.01% |
15,100
+11,000
| +268% | +$1.37M |
|
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.