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 | |
|---|---|---|---|---|---|---|
4251
SmartFinancial
SMBK
$913M
| $1.37M | ﹤0.01% |
38,363
-1,501
| -4% | -$53.7K |
|
|
WOW
4252
DELISTED
WideOpenWest
WOW
| $1.37M | ﹤0.01% |
+265,464
| New | +$1.19M |
|
4253
Greif
GEF
$4.95B
| $1.37M | ﹤0.01% |
22,918
-79,628
| -78% | -$5.14M |
|
|
ATYR
4254
aTyr Pharma
ATYR
$48.9M
| $1.36M | ﹤0.01% |
1,890,921
+290,721
| +18% | +$1.32M |
|
4255
PUT
Mobileye
MBLY
$2.05B
| $1.36M | ﹤0.01% |
96,600
-19,300
| -17% | -$287K |
|
4256
StealthGas
GASS
$328M
| $1.36M | ﹤0.01% |
208,190
+40,912
| +24% | +$284K |
|
4257
Zentalis Pharmaceuticals
ZNTL
$345M
| $1.36M | ﹤0.01% |
902,521
-2,574,287
| -74% | -$3.86M |
|
4258
Northrim BanCorp
NRIM
$608M
| $1.36M | ﹤0.01% |
62,811
-31,229
| -33% | -$707K |
|
|
FOLD
4259
CALL
DELISTED
Amicus Therapeutics
FOLD
| $1.36M | ﹤0.01% |
+172,500
| New | +$1.23M |
|
4260
CALL
D-Wave Quantum Inc. Common Stock
QBTS
$7.38B
| $1.36M | ﹤0.01% |
+55,000
| New | +$1M |
|
|
LAR
4261
Lithium Argentina AG
LAR
$1.02B
| $1.36M | ﹤0.01% |
406,728
+277,300
| +214% | +$838K |
|
4262
First Financial Bankshares
FFIN
$5.1B
| $1.35M | ﹤0.01% |
+40,266
| New | +$1.45M |
|
4263
Funko
FNKO
$327M
| $1.35M | ﹤0.01% |
+393,079
| New | +$1.46M |
|
|
NFBK
4264
DELISTED
Northfield Bancorp
NFBK
| $1.35M | ﹤0.01% |
114,304
-18,863
| -14% | -$217K |
|
4265
Remitly
RELY
$5.07B
| $1.35M | ﹤0.01% |
82,694
-848,266
| -91% | -$15.2M |
|
|
MCHPP
4266
Microchip Technology Inc 7.50% Series A Preferred Stock
MCHPP
| $1.35M | ﹤0.01% |
+22,669
| New | +$1.42M |
|
4267
AudioCodes
AUDC
$249M
| $1.35M | ﹤0.01% |
141,319
+91,361
| +183% | +$897K |
|
|
AGEN
4268
Agenus
AGEN
$331M
| $1.34M | ﹤0.01% |
348,754
-155,755
| -31% | -$780K |
|
4269
CALL
Floor & Decor
FND
$6.15B
| $1.34M | ﹤0.01% |
18,200
+14,400
| +379% | +$1.18M |
|
|
NVMI
4270
Nova
NVMI
$12.5B
| $1.34M | ﹤0.01% |
4,193
-106,182
| -96% | -$29.3M |
|
4271
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.89B
| $1.34M | ﹤0.01% |
+43,654
| New | +$1.2M |
|
4272
Essential Utilities
WTRG
$11B
| $1.34M | ﹤0.01% |
33,466
-762,350
| -96% | -$29.1M |
|
4273
Sanmina
SANM
$10.4B
| $1.33M | ﹤0.01% |
11,590
-14,912
| -56% | -$1.68M |
|
4274
CALL
IQVIA
IQV
$38.5B
| $1.33M | ﹤0.01% |
7,000
-24,000
| -77% | -$4.36M |
|
4275
Qiagen
QGEN
$8.72B
| $1.33M | ﹤0.01% |
29,737
-778,825
| -96% | -$37.3M |
|
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.