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 | |
|---|---|---|---|---|---|---|
4376
Digimarc Corp
DMRC
$159M
| $1.18M | ﹤0.01% |
120,551
-141,314
| -54% | -$1.52M |
|
4377
Dakota Gold
DC
$616M
| $1.18M | ﹤0.01% |
258,784
-21,650
| -8% | -$91K |
|
4378
ProFrac Holding
ACDC
$709M
| $1.17M | ﹤0.01% |
317,446
+236,756
| +293% | +$1.3M |
|
4379
CALL
DigitalBridge
DBRG
$2.93B
| $1.17M | ﹤0.01% |
100,200
| – | – |
|
4380
PUT
State Street
STT
$50.4B
| $1.17M | ﹤0.01% |
10,100
-13,000
| -56% | -$1.45M |
|
4381
Euroseas
ESEA
$552M
| $1.17M | ﹤0.01% |
19,648
-62,143
| -76% | -$3.5M |
|
|
4382
PUT
DigitalBridge
DBRG
$2.93B
| $1.17M | ﹤0.01% |
100,000
| – | – |
|
|
VSXY
4383
Victoria's Secret
VSXY
$7.12B
| $1.17M | ﹤0.01% |
43,059
-748,247
| -95% | -$16.8M |
|
4384
PCB Bancorp
PCB
$394M
| $1.17M | ﹤0.01% |
55,572
-1,373
| -2% | -$29.5K |
|
4385
Editas Medicine
EDIT
$396M
| $1.17M | ﹤0.01% |
335,788
-1,540,652
| -82% | -$4.3M |
|
4386
Getty Images
GETY
$155M
| $1.16M | ﹤0.01% |
587,254
+542,181
| +1,203% | +$1M |
|
4387
CALL
Darden Restaurants
DRI
$23.9B
| $1.16M | ﹤0.01% |
6,100
-17,500
| -74% | -$3.6M |
|
|
LOVE
4388
DELISTED
LoveSac
LOVE
| $1.16M | ﹤0.01% |
68,380
+19,716
| +41% | +$367K |
|
|
WSR
4389
DELISTED
Whitestone REIT
WSR
| $1.16M | ﹤0.01% |
94,206
-41,679
| -31% | -$525K |
|
4390
PUT
Comfort Systems
FIX
$60.7B
| $1.16M | ﹤0.01% |
1,400
+400
| +40% | +$271K |
|
4391
PUT
Equifax
EFX
$20.8B
| $1.15M | ﹤0.01% |
4,500
+300
| +7% | +$75.4K |
|
|
APLT
4392
DELISTED
Applied Therapeutics
APLT
| $1.15M | ﹤0.01% |
1,907,214
-37,690
| -2% | -$17.8K |
|
4393
PUT
TTM Technologies
TTMI
$12.2B
| $1.15M | ﹤0.01% |
+20,000
| New | +$929K |
|
4394
Okta
OKTA
$25.3B
| $1.15M | ﹤0.01% |
12,546
-16,242
| -56% | -$1.52M |
|
4395
CALL
Cracker Barrel
CBRL
$1.31B
| $1.15M | ﹤0.01% |
26,100
+5,700
| +28% | +$329K |
|
4396
CALL
HSBC
HSBC
$368B
| $1.15M | ﹤0.01% |
16,200
-346,500
| -96% | -$22.5M |
|
4397
Veeco
VECO
$2.99B
| $1.15M | ﹤0.01% |
37,758
-38,834
| -51% | -$925K |
|
4398
ATS Corp
ATS
$2.7B
| $1.15M | ﹤0.01% |
+43,821
| New | +$1.26M |
|
4399
Unity
U
$14.8B
| $1.15M | ﹤0.01% |
28,665
-370,141
| -93% | -$13.7M |
|
4400
CALL
Zeta Global
ZETA
$5.6B
| $1.15M | ﹤0.01% |
57,700
-48,500
| -46% | -$871K |
|
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.