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 | |
|---|---|---|---|---|---|---|
4101
PUT
Signet Jewelers
SIG
$3.69B
| $1.66M | ﹤0.01% |
17,300
-8,300
| -32% | -$711K |
|
4102
Immuneering
IMRX
$270M
| $1.66M | ﹤0.01% |
236,781
+174,532
| +280% | +$906K |
|
4103
W.R. Berkley
WRB
$26.7B
| $1.66M | ﹤0.01% |
21,628
-40,206
| -65% | -$2.86M |
|
4104
Equifax
EFX
$20.5B
| $1.65M | ﹤0.01% |
6,444
-197,613
| -97% | -$49.7M |
|
4105
Prelude Therapeutics
PRLD
$350M
| $1.65M | ﹤0.01% |
1,147,044
+898,621
| +362% | +$901K |
|
4106
Shattuck Labs
STTK
$696M
| $1.65M | ﹤0.01% |
690,901
-152,355
| -18% | -$186K |
|
4107
Omeros
OMER
$909M
| $1.65M | ﹤0.01% |
401,814
+132,393
| +49% | +$525K |
|
4108
Palmer Square Capital BDC
PSBD
$303M
| $1.65M | ﹤0.01% |
134,249
+2,638
| +2% | +$36.3K |
|
4109
CALL
Iris Energy
IREN
$14.2B
| $1.64M | ﹤0.01% |
35,000
-169,600
| -83% | -$4.12M |
|
4110
PUT
Williams Companies
WMB
$86.1B
| $1.64M | ﹤0.01% |
25,900
-130,700
| -83% | -$7.67M |
|
4111
CALL
Delek US
DK
$4.05B
| $1.64M | ﹤0.01% |
50,800
-99,200
| -66% | -$2.59M |
|
4112
PROG Holdings
PRG
$1.82B
| $1.64M | ﹤0.01% |
50,635
-46,366
| -48% | -$1.52M |
|
4113
Hippo Holdings
HIPO
$859M
| $1.63M | ﹤0.01% |
45,185
+23,804
| +111% | +$740K |
|
4114
Kaiser Aluminum
KALU
$2.68B
| $1.63M | ﹤0.01% |
+21,111
| New | +$1.68M |
|
4115
CALL
Equinox Gold
EQX
$7.24B
| $1.63M | ﹤0.01% |
+145,000
| New | +$1.15M |
|
4116
CALL
Chewy
CHWY
$9.4B
| $1.63M | ﹤0.01% |
40,200
-185,700
| -82% | -$7.16M |
|
4117
Kite Realty
KRG
$5.69B
| $1.63M | ﹤0.01% |
72,901
-504,160
| -87% | -$11.2M |
|
4118
CALL
DaVita
DVA
$15B
| $1.62M | ﹤0.01% |
12,200
+4,600
| +61% | +$632K |
|
|
KYIVW
4119
CALL
Kyivstar Group Warrant
KYIVW
$39.2M
| $1.62M | ﹤0.01% |
+399,082
| New | +$1.46M |
|
4120
Future Fuel
FF
$215M
| $1.62M | ﹤0.01% |
417,329
+17,546
| +4% | +$69.3K |
|
|
MCGAU
4121
Yorkville Acquisition Corp Unit
MCGAU
$158M
| $1.62M | ﹤0.01% |
146,500
-101,200
| -41% | -$1.13M |
|
4122
PUT
Transmedics
TMDX
$2.82B
| $1.62M | ﹤0.01% |
14,400
-12,700
| -47% | -$1.49M |
|
4123
Ziff Davis
ZD
$1.99B
| $1.62M | ﹤0.01% |
42,406
-95,269
| -69% | -$3.34M |
|
4124
FTAI Infrastructure
FIP
$405M
| $1.61M | ﹤0.01% |
369,986
+297,427
| +410% | +$1.61M |
|
4125
PUT
Hormel Foods
HRL
$13.9B
| $1.61M | ﹤0.01% |
65,000
-25,000
| -28% | -$692K |
|
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.