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 | |
|---|---|---|---|---|---|---|
4126
Cabaletta Bio
CABA
$439M
| $1.61M | ﹤0.01% |
686,813
-168,517
| -20% | -$289K |
|
4127
Paramount Gold Nevada
PZG
$100M
| $1.61M | ﹤0.01% |
1,305,572
-124,923
| -9% | -$106K |
|
4128
America's Car Mart
CRMT
$29.1M
| $1.61M | ﹤0.01% |
+54,957
| New | +$2.49M |
|
|
PKST
4129
DELISTED
Peakstone Realty Trust
PKST
| $1.6M | ﹤0.01% |
121,794
+88,263
| +263% | +$1.18M |
|
4130
PUT
Asana
ASAN
$1.97B
| $1.6M | ﹤0.01% |
119,400
+5,300
| +5% | +$74.9K |
|
|
ZBIO
4131
Zenas BioPharma
ZBIO
$1.97B
| $1.6M | ﹤0.01% |
+71,850
| New | +$1.17M |
|
4132
Invivyd
IVVD
$163M
| $1.59M | ﹤0.01% |
1,446,615
+197,522
| +16% | +$175K |
|
4133
Scholastic
SCHL
$794M
| $1.59M | ﹤0.01% |
58,004
-94,555
| -62% | -$2.34M |
|
4134
Kamada
KMDA
$417M
| $1.59M | ﹤0.01% |
228,734
-1,365
| -0.6% | -$9.93K |
|
|
HITI
4135
High Tide
HITI
$189M
| $1.58M | ﹤0.01% |
436,608
+376,659
| +628% | +$1.09M |
|
|
BWIN
4136
Baldwin Insurance Group
BWIN
$2.85B
| $1.58M | ﹤0.01% |
56,118
-47,788
| -46% | -$1.66M |
|
|
MBAV
4137
DELISTED
M3-Brigade Acquisition V Corp
MBAV
| $1.58M | ﹤0.01% |
150,000
+49,946
| +50% | +$534K |
|
4138
Skye Bioscience
SKYE
$20.5M
| $1.58M | ﹤0.01% |
402,375
-68,354
| -15% | -$258K |
|
4139
iShares MSCI Emerging Markets ETF
EEM
$28.9B
| $1.58M | ﹤0.01% |
29,579
-358,213
| -92% | -$18M |
|
4140
CALL
Enbridge
ENB
$118B
| $1.58M | ﹤0.01% |
31,300
-17,300
| -36% | -$814K |
|
|
WRD
4141
WeRide Inc
WRD
$1.94B
| $1.58M | ﹤0.01% |
+159,513
| New | +$1.51M |
|
4142
NETGEAR
NTGR
$648M
| $1.57M | ﹤0.01% |
48,563
-173,148
| -78% | -$4.73M |
|
4143
CALL
Rambus
RMBS
$10B
| $1.56M | ﹤0.01% |
+15,000
| New | +$1.16M |
|
4144
White Mountains Insurance
WTM
$5.2B
| $1.56M | ﹤0.01% |
934
-458
| -33% | -$817K |
|
4145
CALL
GitLab
GTLB
$6.01B
| $1.56M | ﹤0.01% |
34,600
-412,300
| -92% | -$18.9M |
|
4146
PUT
DigitalOcean
DOCN
$14.9B
| $1.56M | ﹤0.01% |
+45,600
| New | +$1.45M |
|
4147
Westrock Coffee
WEST
$807M
| $1.56M | ﹤0.01% |
320,282
+12,728
| +4% | +$76.5K |
|
4148
PUT
Xcel Energy
XEL
$48.5B
| $1.56M | ﹤0.01% |
19,300
-10,500
| -35% | -$760K |
|
4149
CALL
Entegris
ENTG
$19.1B
| $1.55M | ﹤0.01% |
16,800
+13,200
| +367% | +$1.12M |
|
|
OPLN
4150
Openlane
OPLN
$4.36B
| $1.55M | ﹤0.01% |
53,961
+36,955
| +217% | +$1.01M |
|
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.