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 | |
|---|---|---|---|---|---|---|
3976
PUT
Calumet Specialty Products
CLMT
$3.69B
| $1.92M | ﹤0.01% |
+105,100
| New | +$1.73M |
|
3977
Healthcare Services Group
HCSG
$1.61B
| $1.92M | ﹤0.01% |
113,902
-62,689
| -35% | -$933K |
|
3978
PUT
Zions Bancorporation
ZION
$10.3B
| $1.91M | ﹤0.01% |
33,800
-15,300
| -31% | -$851K |
|
3979
CALL
Alamos Gold
AGI
$12B
| $1.91M | ﹤0.01% |
54,800
-25,400
| -32% | -$726K |
|
3980
BJ's Restaurants
BJRI
$1.45B
| $1.91M | ﹤0.01% |
62,536
-382,542
| -86% | -$13.6M |
|
3981
Provident Financial Services
PFS
$3.28B
| $1.91M | ﹤0.01% |
98,834
-4,796
| -5% | -$91.5K |
|
3982
CALL
Certara
CERT
$1.27B
| $1.91M | ﹤0.01% |
+155,900
| New | +$1.71M |
|
3983
Yeti Holdings
YETI
$3.85B
| $1.91M | ﹤0.01% |
57,416
-273,099
| -83% | -$9.54M |
|
|
UHT
3984
Universal Health Realty Income Trust
UHT
$592M
| $1.9M | ﹤0.01% |
+48,542
| New | +$1.95M |
|
3985
Ecopetrol
EC
$34.1B
| $1.9M | ﹤0.01% |
206,160
-54,919
| -21% | -$492K |
|
3986
Ivanhoe Electric
IE
$1.54B
| $1.9M | ﹤0.01% |
+151,284
| New | +$1.5M |
|
|
JENA
3987
Jena Acquisition Corp II
JENA
$301M
| $1.9M | ﹤0.01% |
+187,003
| New | +$1.9M |
|
3988
Trinity Capital Inc.
TRIN
$1.6B
| $1.89M | ﹤0.01% |
122,415
-369,312
| -75% | -$5.72M |
|
3989
PUT
Archer Aviation
ACHR
$3.69B
| $1.89M | ﹤0.01% |
197,400
+146,300
| +286% | +$1.45M |
|
3990
Standard BioTools
LAB
$339M
| $1.89M | ﹤0.01% |
1,453,575
-907,230
| -38% | -$1.19M |
|
|
NPKI
3991
NPK International
NPKI
$1.12B
| $1.89M | ﹤0.01% |
167,043
+75,647
| +83% | +$737K |
|
3992
CALL
Kinder Morgan
KMI
$69.9B
| $1.89M | ﹤0.01% |
66,600
-18,500
| -22% | -$506K |
|
3993
Federal Realty Investment Trust
FRT
$10.7B
| $1.89M | ﹤0.01% |
18,609
+11,075
| +147% | +$1.07M |
|
3994
Nuveen Churchill Direct Lending
NCDL
$615M
| $1.88M | ﹤0.01% |
136,567
+53,342
| +64% | +$853K |
|
|
TLX
3995
Telix Pharmaceuticals
TLX
$3.39B
| $1.88M | ﹤0.01% |
+196,741
| New | +$2.41M |
|
3996
PUT
ZIM Integrated Shipping Services
ZIM
$3.14B
| $1.88M | ﹤0.01% |
138,900
-1,600,000
| -92% | -$24.3M |
|
3997
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66B
| $1.88M | ﹤0.01% |
22,333
-296,778
| -93% | -$24.7M |
|
3998
CALL
Allegro MicroSystems
ALGM
$7.74B
| $1.88M | ﹤0.01% |
64,300
+45,600
| +244% | +$1.47M |
|
3999
Cumberland Pharmaceuticals
CPIX
$108M
| $1.87M | ﹤0.01% |
598,634
-177,342
| -23% | -$589K |
|
4000
PUT
Ingersoll Rand
IR
$34.1B
| $1.87M | ﹤0.01% |
22,600
+1,200
| +6% | +$98.4K |
|
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.