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 | |
|---|---|---|---|---|---|---|
4076
PUT
Carlyle Group
CG
$17.6B
| $1.73M | ﹤0.01% |
27,600
-16,700
| -38% | -$1.04M |
|
4077
Mercury Systems
MRCY
$6.35B
| $1.73M | ﹤0.01% |
22,350
-486,068
| -96% | -$30.2M |
|
4078
Lands' End
LE
$382M
| $1.73M | ﹤0.01% |
122,415
+106,840
| +686% | +$1.42M |
|
4079
Corbus Pharmaceuticals
CRBP
$165M
| $1.73M | ﹤0.01% |
136,429
-22,733
| -14% | -$216K |
|
4080
CALL
Targa Resources
TRGP
$56.8B
| $1.73M | ﹤0.01% |
10,300
-9,900
| -49% | -$1.65M |
|
|
PTRN
4081
Pattern Group Inc
PTRN
$4.29B
| $1.72M | ﹤0.01% |
+125,769
| New | +$1.75M |
|
4082
CALL
Alaska Air
ALK
$5.6B
| $1.72M | ﹤0.01% |
34,600
-12,400
| -26% | -$690K |
|
4083
OneSpan
OSPN
$588M
| $1.72M | ﹤0.01% |
108,299
-42,685
| -28% | -$649K |
|
4084
LSI Industries
LYTS
$886M
| $1.72M | ﹤0.01% |
72,842
-127,044
| -64% | -$2.58M |
|
4085
Village Super Market
VLGEA
$650M
| $1.71M | ﹤0.01% |
45,727
+31,654
| +225% | +$1.16M |
|
4086
iShares MSCI Taiwan ETF
EWT
$10.2B
| $1.7M | ﹤0.01% |
26,787
+13,344
| +99% | +$803K |
|
4087
PUT
DXC Technology
DXC
$1.78B
| $1.7M | ﹤0.01% |
+125,000
| New | +$1.78M |
|
4088
Legacy Housing
LEGH
$625M
| $1.7M | ﹤0.01% |
61,675
+12,228
| +25% | +$312K |
|
4089
First Financial Bancorp
FFBC
$3.58B
| $1.69M | ﹤0.01% |
67,074
-855,250
| -93% | -$21.7M |
|
4090
Terex
TEX
$7.36B
| $1.69M | ﹤0.01% |
32,923
-811,254
| -96% | -$41.3M |
|
4091
Oric Pharmaceuticals
ORIC
$1.1B
| $1.69M | ﹤0.01% |
140,433
-210,102
| -60% | -$2.21M |
|
4092
Rezolute
RZLT
$473M
| $1.69M | ﹤0.01% |
+179,272
| New | +$1.19M |
|
|
PVLA
4093
Palvella Therapeutics
PVLA
$2.02B
| $1.68M | ﹤0.01% |
26,874
-288,115
| -91% | -$12.8M |
|
|
URG
4094
Ur-Energy
URG
$501M
| $1.68M | ﹤0.01% |
937,941
-2,142,973
| -70% | -$2.91M |
|
4095
CALL
AB InBev
BUD
$166B
| $1.68M | ﹤0.01% |
28,100
+17,200
| +158% | +$1.08M |
|
4096
FerroAtlántica
GSM
$607M
| $1.67M | ﹤0.01% |
366,979
+279,049
| +317% | +$1.19M |
|
4097
AdaptHealth
AHCO
$1.47B
| $1.67M | ﹤0.01% |
186,111
+171,439
| +1,168% | +$1.59M |
|
4098
PUT
Coupang
CPNG
$29.5B
| $1.66M | ﹤0.01% |
51,700
+28,300
| +121% | +$855K |
|
4099
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.68B
| $1.66M | ﹤0.01% |
12,590
-9,410
| -43% | -$1.21M |
|
4100
Allegiant Air
ALGT
$2.78B
| $1.66M | ﹤0.01% |
27,319
+3,375
| +14% | +$194K |
|
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.