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 | |
|---|---|---|---|---|---|---|
4026
Xometry
XMTR
$4.81B
| $1.82M | ﹤0.01% |
33,470
+19,090
| +133% | +$828K |
|
4027
La-Z-Boy
LZB
$1.64B
| $1.82M | ﹤0.01% |
53,090
+41,583
| +361% | +$1.53M |
|
4028
Ingles Markets
IMKTA
$1.74B
| $1.82M | ﹤0.01% |
26,138
-21,252
| -45% | -$1.42M |
|
4029
PUT
Ameriprise Financial
AMP
$48.8B
| $1.82M | ﹤0.01% |
3,700
-2,200
| -37% | -$1.13M |
|
4030
CALL
Oshkosh
OSK
$9.16B
| $1.82M | ﹤0.01% |
+14,000
| New | +$1.86M |
|
|
TSSI
4031
CALL
TSS Inc
TSSI
$301M
| $1.81M | ﹤0.01% |
+100,000
| New | +$2M |
|
4032
Pyxis Oncology
PYXS
$193M
| $1.81M | ﹤0.01% |
815,331
-2,724,529
| -77% | -$3.92M |
|
4033
PubMatic
PUBM
$602M
| $1.81M | ﹤0.01% |
218,578
+199,857
| +1,068% | +$2.03M |
|
4034
CALL
American International
AIG
$41.8B
| $1.81M | ﹤0.01% |
23,000
-57,100
| -71% | -$4.56M |
|
4035
CALL
Arbor Realty Trust
ABR
$993M
| $1.81M | ﹤0.01% |
+147,900
| New | +$1.72M |
|
4036
PUT
Crocs
CROX
$6.47B
| $1.8M | ﹤0.01% |
21,600
+5,900
| +38% | +$539K |
|
4037
Electromed
ELMD
$344M
| $1.8M | ﹤0.01% |
73,510
-24,594
| -25% | -$521K |
|
|
MSIF
4038
MSC Income Fund Inc
MSIF
$521M
| $1.8M | ﹤0.01% |
+137,414
| New | +$2.04M |
|
|
BIOA
4039
BioAge Labs
BIOA
$479M
| $1.8M | ﹤0.01% |
306,552
+270,479
| +750% | +$1.27M |
|
4040
CACI
CACI
$11.3B
| $1.8M | ﹤0.01% |
3,605
-6,039
| -63% | -$2.92M |
|
4041
CALL
Cemex
CX
$17.1B
| $1.8M | ﹤0.01% |
+200,000
| New | +$1.71M |
|
4042
Forte Biosciences
FBRX
$1.57B
| $1.8M | ﹤0.01% |
119,812
+47,696
| +66% | +$549K |
|
4043
First Hawaiian
FHB
$3.41B
| $1.8M | ﹤0.01% |
72,378
-176,067
| -71% | -$4.45M |
|
4044
Invesco WilderHill Clean Energy ETF
PBW
$406M
| $1.8M | ﹤0.01% |
+62,190
| New | +$1.53M |
|
4045
Wolverine World Wide
WWW
$1.62B
| $1.8M | ﹤0.01% |
65,436
-620,214
| -90% | -$16.3M |
|
4046
Cognyte Software
CGNT
$676M
| $1.8M | ﹤0.01% |
213,699
-261,649
| -55% | -$2.32M |
|
4047
PUT
Vail Resorts
MTN
$5.32B
| $1.79M | ﹤0.01% |
12,000
+8,900
| +287% | +$1.38M |
|
4048
PUT
Baxter International
BAX
$14.5B
| $1.79M | ﹤0.01% |
78,700
-21,300
| -21% | -$540K |
|
|
AXON
4049
Axon Enterprise
AXON
$46.4B
| $1.79M | ﹤0.01% |
2,490
-36,232
| -94% | -$27.5M |
|
4050
Canadian Solar
CSIQ
$1.05B
| $1.79M | ﹤0.01% |
137,016
+51,462
| +60% | +$616K |
|
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.