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 | |
|---|---|---|---|---|---|---|
|
GOOS
3951
Canada Goose Holdings
GOOS
$856M
| $1.99M | ﹤0.01% |
144,545
+28,231
| +24% | +$366K |
|
3952
PUT
Liquidia Corp
LQDA
$7.46B
| $1.99M | ﹤0.01% |
+87,500
| New | +$1.9M |
|
3953
Repay Holdings
RPAY
$343M
| $1.99M | ﹤0.01% |
380,400
-1,232,037
| -76% | -$6.59M |
|
|
DMC
3954
Del Monte Corp
DMC
$1.41B
| $1.99M | ﹤0.01% |
57,276
+43,863
| +327% | +$1.55M |
|
3955
Crane NXT
CXT
$3.09B
| $1.98M | ﹤0.01% |
29,592
+14,665
| +98% | +$874K |
|
|
NREF
3956
NexPoint Real Estate Finance
NREF
$327M
| $1.98M | ﹤0.01% |
139,964
-5,617
| -4% | -$81K |
|
|
DFDV
3957
DeFi Development Corp
DFDV
$79.8M
| $1.98M | ﹤0.01% |
+142,406
| New | +$2.37M |
|
3958
Vericel Corp
VCEL
$2.36B
| $1.98M | ﹤0.01% |
+62,861
| New | +$2.26M |
|
3959
Energy Recovery
ERII
$459M
| $1.97M | ﹤0.01% |
128,075
+31,250
| +32% | +$441K |
|
3960
Quest Diagnostics
DGX
$25.6B
| $1.97M | ﹤0.01% |
10,358
-144,838
| -93% | -$25.7M |
|
3961
Peapack-Gladstone Financial
PGC
$821M
| $1.97M | ﹤0.01% |
71,374
-200,318
| -74% | -$5.62M |
|
3962
Amplify Energy
AMPY
$166M
| $1.97M | ﹤0.01% |
374,985
-57,430
| -13% | -$226K |
|
|
SMLR
3963
DELISTED
Semler Scientific
SMLR
| $1.96M | ﹤0.01% |
65,360
+39,407
| +152% | +$1.36M |
|
3964
CALL
BJs Wholesale Club
BJ
$12.4B
| $1.96M | ﹤0.01% |
21,000
+4,800
| +30% | +$491K |
|
3965
CALL
Huntington Ingalls Industries
HII
$12.8B
| $1.96M | ﹤0.01% |
6,800
-15,100
| -69% | -$4.02M |
|
3966
CALL
Oneok
OKE
$55.6B
| $1.96M | ﹤0.01% |
26,800
-35,800
| -57% | -$2.74M |
|
3967
PUT
Macy's
M
$6.83B
| $1.95M | ﹤0.01% |
+108,500
| New | +$1.54M |
|
3968
ONE Gas
OGS
$4.92B
| $1.94M | ﹤0.01% |
23,990
-11,582
| -33% | -$867K |
|
3969
Viant Technology
DSP
$245M
| $1.94M | ﹤0.01% |
224,833
+93,282
| +71% | +$1.06M |
|
|
JOYY
3970
JOYY Inc
JOYY
$3.73B
| $1.94M | ﹤0.01% |
33,085
-18,851
| -36% | -$1.04M |
|
3971
CALL
Darling Ingredients
DAR
$9.5B
| $1.94M | ﹤0.01% |
62,800
+46,500
| +285% | +$1.55M |
|
3972
Cognex
CGNX
$11.2B
| $1.94M | ﹤0.01% |
42,739
-842,105
| -95% | -$34.1M |
|
3973
CALL
GDS Holdings
GDS
$6.55B
| $1.94M | ﹤0.01% |
+50,000
| New | +$1.77M |
|
3974
CALL
NeoGenomics
NEO
$2.04B
| $1.93M | ﹤0.01% |
250,000
| – | – |
|
3975
PUT
Southwest Airlines
LUV
$23B
| $1.92M | ﹤0.01% |
60,300
+16,500
| +38% | +$540K |
|
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.