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 | |
|---|---|---|---|---|---|---|
|
NHIC
4051
NewHold Investment Corp III
NHIC
$295M
| $1.78M | ﹤0.01% |
+175,000
| New | +$1.78M |
|
4052
PUT
Welltower
WELL
$168B
| $1.78M | ﹤0.01% |
10,000
| – | – |
|
4053
CALL
Chubb
CB
$134B
| $1.78M | ﹤0.01% |
6,300
-44,200
| -88% | -$12.2M |
|
4054
First Trust NASDAQ Cybersecurity ETF
CIBR
$14.7B
| $1.78M | ﹤0.01% |
23,393
+16,177
| +224% | +$1.19M |
|
4055
CALL
AvalonBay Communities
AVB
$27B
| $1.78M | ﹤0.01% |
9,200
-3,200
| -26% | -$623K |
|
4056
CALL
Liquidia Corp
LQDA
$7.46B
| $1.77M | ﹤0.01% |
+78,000
| New | +$1.69M |
|
|
RTAC
4057
DELISTED
Renatus Tactical Acquisition Corp I
RTAC
| $1.77M | ﹤0.01% |
162,401
+124,401
| +327% | +$1.4M |
|
4058
PUT
Conagra Brands
CAG
$7.14B
| $1.77M | ﹤0.01% |
96,700
+85,100
| +734% | +$1.63M |
|
4059
Aehr Test Systems
AEHR
$2.99B
| $1.77M | ﹤0.01% |
+58,727
| New | +$1.27M |
|
|
JKS
4060
JinkoSolar
JKS
$824M
| $1.77M | ﹤0.01% |
+73,466
| New | +$1.73M |
|
4061
PUT
Fortis
FTS
$28.8B
| $1.76M | ﹤0.01% |
25,000
| – | – |
|
|
OBE
4062
Obsidian Energy
OBE
$678M
| $1.76M | ﹤0.01% |
270,656
-19,268
| -7% | -$115K |
|
4063
PUT
Universal Health Services
UHS
$10.2B
| $1.76M | ﹤0.01% |
8,600
+800
| +10% | +$144K |
|
|
UDMY
4064
DELISTED
Udemy
UDMY
| $1.76M | ﹤0.01% |
250,776
-582,830
| -70% | -$4.09M |
|
4065
PUT
Allegro MicroSystems
ALGM
$7.74B
| $1.76M | ﹤0.01% |
60,200
+30,900
| +105% | +$999K |
|
4066
CALL
Signet Jewelers
SIG
$3.69B
| $1.76M | ﹤0.01% |
18,300
+15,100
| +472% | +$1.29M |
|
4067
CALL
Hasbro
HAS
$12.9B
| $1.75M | ﹤0.01% |
23,100
-29,700
| -56% | -$2.3M |
|
4068
PUT
uniQure
QURE
$3.06B
| $1.75M | ﹤0.01% |
+30,000
| New | +$545K |
|
4069
Vertex
VERX
$2.17B
| $1.75M | ﹤0.01% |
70,489
-322,852
| -82% | -$9.35M |
|
4070
Avalo Therapeutics
AVTX
$955M
| $1.75M | ﹤0.01% |
+137,431
| New | +$1.18M |
|
4071
Kodak
KODK
$828M
| $1.75M | ﹤0.01% |
272,328
-498,530
| -65% | -$3.14M |
|
4072
CALL
Zoetis
ZTS
$32.3B
| $1.74M | ﹤0.01% |
11,900
-6,600
| -36% | -$998K |
|
4073
CALL
Rigetti Computing Warrants
RGTIW
$143M
| $1.74M | ﹤0.01% |
94,900
| – | – |
|
4074
POSCO
PKX
$16B
| $1.73M | ﹤0.01% |
35,237
-9,117
| -21% | -$492K |
|
4075
Ameresco
AMRC
$1.2B
| $1.73M | ﹤0.01% |
+51,547
| New | +$1.18M |
|
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.