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 | |
|---|---|---|---|---|---|---|
|
TDAC
4151
Translational Development Acquisition Corp
TDAC
$209M
| $1.55M | ﹤0.01% |
150,000
| – | – |
|
4152
PUT
Burlington
BURL
$23.2B
| $1.55M | ﹤0.01% |
6,100
+2,000
| +49% | +$543K |
|
4153
XPEL
XPEL
$1.24B
| $1.55M | ﹤0.01% |
46,886
-46,907
| -50% | -$1.66M |
|
4154
Nkarta
NKTX
$154M
| $1.55M | ﹤0.01% |
+748,494
| New | +$1.54M |
|
|
SLN
4155
Silence Therapeutics
SLN
$504M
| $1.55M | ﹤0.01% |
298,512
+99,865
| +50% | +$555K |
|
|
PLMK
4156
Plum Acquisition Corp IV
PLMK
$256M
| $1.55M | ﹤0.01% |
150,000
| – | – |
|
4157
CALL
SharkNinja
SN
$22.7B
| $1.55M | ﹤0.01% |
15,000
+4,200
| +39% | +$480K |
|
4158
Absci
ABSI
$1.34B
| $1.55M | ﹤0.01% |
508,920
+278,961
| +121% | +$771K |
|
4159
CALL
RH
RH
$3.29B
| $1.54M | ﹤0.01% |
7,600
-3,900
| -34% | -$847K |
|
4160
PUT
Citizens Financial Group
CFG
$30.7B
| $1.54M | ﹤0.01% |
29,000
-48,000
| -62% | -$2.39M |
|
4161
Construction Partners
ROAD
$6.11B
| $1.54M | ﹤0.01% |
12,119
-51,162
| -81% | -$5.84M |
|
4162
CS Disco
LAW
$261M
| $1.54M | ﹤0.01% |
238,017
-14,928
| -6% | -$74.5K |
|
4163
Nature's Sunshine
NATR
$372M
| $1.54M | ﹤0.01% |
99,039
+56,800
| +134% | +$908K |
|
|
PMTRU
4164
Perimeter Acquisition Corp I Unit
PMTRU
| $1.54M | ﹤0.01% |
149,357
-460,643
| -76% | -$4.9M |
|
4165
COPT Defense Properties
CDP
$4.26B
| $1.54M | ﹤0.01% |
52,825
-27,874
| -35% | -$801K |
|
|
BLTE
4166
Belite Bio
BLTE
$6.2B
| $1.53M | ﹤0.01% |
+20,741
| New | +$1.36M |
|
4167
York Water
YORW
$499M
| $1.53M | ﹤0.01% |
50,387
-82,368
| -62% | -$2.56M |
|
|
IGR
4168
CBRE Global Real Estate Income Fund
IGR
$707M
| $1.53M | ﹤0.01% |
+298,000
| New | +$1.5M |
|
4169
Contango Silver & Gold Inc
CTGO
$535M
| $1.53M | ﹤0.01% |
61,360
+2,113
| +4% | +$44.9K |
|
4170
Johnson Outdoors
JOUT
$502M
| $1.53M | ﹤0.01% |
37,832
-51,671
| -58% | -$1.93M |
|
4171
iShares TIPS Bond ETF
TIP
$14.5B
| $1.53M | ﹤0.01% |
13,734
+4,681
| +52% | +$517K |
|
4172
FIGS
FIGS
$1.82B
| $1.53M | ﹤0.01% |
228,244
-323,994
| -59% | -$2.14M |
|
4173
Vanguard Morningstar Value ETF
VTV
$189B
| $1.53M | ﹤0.01% |
8,186
-7,349
| -47% | -$1.33M |
|
|
AHL
4174
DELISTED
Aspen Insurance
AHL
| $1.53M | ﹤0.01% |
41,550
-964,824
| -96% | -$31.7M |
|
4175
American Resources Corp
AREC
$217M
| $1.52M | ﹤0.01% |
+564,396
| New | +$966K |
|
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.