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 | |
|---|---|---|---|---|---|---|
4301
PUT
BellRing Brands
BRBR
$1.46B
| $1.28M | ﹤0.01% |
+35,300
| New | +$1.59M |
|
4302
PUT
Fastly Inc
FSLY
$3.59B
| $1.28M | ﹤0.01% |
150,000
| – | – |
|
4303
Ovid Therapeutics
OVID
$435M
| $1.28M | ﹤0.01% |
986,293
-66,041
| -6% | -$57.2K |
|
|
KYIV
4304
Kyivstar Group
KYIV
$3.14B
| $1.28M | ﹤0.01% |
+102,356
| New | +$1.22M |
|
4305
Novartis
NVS
$293B
| $1.28M | ﹤0.01% |
9,972
-830,799
| -99% | -$101M |
|
|
BLSH
4306
PUT
Bullish
BLSH
$3.46B
| $1.28M | ﹤0.01% |
+20,100
| New | +$1.23M |
|
4307
TaskUs
TASK
$582M
| $1.28M | ﹤0.01% |
71,626
+49,706
| +227% | +$860K |
|
4308
J. Jill
JILL
$277M
| $1.27M | ﹤0.01% |
74,335
+62,001
| +503% | +$1.02M |
|
|
BHR
4309
Braemar Hotels & Resorts
BHR
$150M
| $1.27M | ﹤0.01% |
466,672
+402,895
| +632% | +$1.02M |
|
4310
Tonix Pharmaceuticals
TNXP
$167M
| $1.27M | ﹤0.01% |
52,731
+43,854
| +494% | +$1.63M |
|
|
GPMT
4311
Granite Point Mortgage Trust
GPMT
$69M
| $1.27M | ﹤0.01% |
424,630
-334,384
| -44% | -$924K |
|
4312
CALL
Builders FirstSource
BLDR
$7.82B
| $1.27M | ﹤0.01% |
10,500
-57,500
| -85% | -$7.63M |
|
4313
Mativ Holdings
MATV
$496M
| $1.27M | ﹤0.01% |
112,448
-694,802
| -86% | -$6.89M |
|
4314
PUT
Boston Properties
BXP
$11.2B
| $1.27M | ﹤0.01% |
+17,100
| New | +$1.21M |
|
4315
Amplify Alternative Harvest ETF
MJ
$103M
| $1.27M | ﹤0.01% |
33,958
-21,314
| -39% | -$596K |
|
4316
Alto Neuroscience
ANRO
$1.06B
| $1.27M | ﹤0.01% |
315,758
+12,896
| +4% | +$42.8K |
|
4317
PUT
Petrobras
PBR
$123B
| $1.27M | ﹤0.01% |
100,200
+25,100
| +33% | +$315K |
|
4318
CALL
Taysha Gene Therapies
TSHA
$1.66B
| $1.27M | ﹤0.01% |
+387,400
| New | +$1.1M |
|
4319
Plains GP Holdings
PAGP
$5.13B
| $1.26M | ﹤0.01% |
69,352
-169,007
| -71% | -$3.23M |
|
|
ALMS
4320
Alumis Inc
ALMS
$3.27B
| $1.26M | ﹤0.01% |
317,029
-184,056
| -37% | -$758K |
|
4321
Lindsay Corp
LNN
$1.15B
| $1.26M | ﹤0.01% |
8,992
-16,914
| -65% | -$2.35M |
|
4322
Bakkt Inc
BKKT
$326M
| $1.26M | ﹤0.01% |
+37,518
| New | +$516K |
|
4323
Maravai LifeSciences
MRVI
$947M
| $1.26M | ﹤0.01% |
439,703
+191,616
| +77% | +$489K |
|
4324
CALL
Li Auto
LI
$12.9B
| $1.26M | ﹤0.01% |
49,800
-58,300
| -54% | -$1.51M |
|
4325
PUT
Hasbro
HAS
$13.1B
| $1.26M | ﹤0.01% |
16,600
-52,700
| -76% | -$4.09M |
|
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.