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 | |
|---|---|---|---|---|---|---|
4401
Silicon Laboratories
SLAB
$7.17B
| $1.15M | ﹤0.01% |
8,736
-40,801
| -82% | -$5.56M |
|
4402
State Street SPDR S&P Regional Banking ETF
KRE
$4.63B
| $1.14M | ﹤0.01% |
18,084
+5,433
| +43% | +$343K |
|
4403
Aura Biosciences
AURA
$725M
| $1.14M | ﹤0.01% |
185,221
+61,162
| +49% | +$400K |
|
4404
Farmers National Banc Corp
FMNB
$939M
| $1.14M | ﹤0.01% |
79,398
-31,751
| -29% | -$455K |
|
|
CAN
4405
Canaan Creative
CAN
$127M
| $1.14M | ﹤0.01% |
+1,296,083
| New | +$984K |
|
4406
United Fire Group
UFCS
$1.32B
| $1.14M | ﹤0.01% |
37,536
+2,714
| +8% | +$80K |
|
4407
Carlyle Secured Lending
CGBD
$694M
| $1.14M | ﹤0.01% |
+91,252
| New | +$1.25M |
|
4408
PUT
Frontline
FRO
$8.76B
| $1.14M | ﹤0.01% |
50,000
| – | – |
|
4409
Conduent
CNDT
$244M
| $1.13M | ﹤0.01% |
405,165
-414,449
| -51% | -$1.12M |
|
4410
Global Net Lease
GNL
$1.84B
| $1.13M | ﹤0.01% |
139,438
+56,101
| +67% | +$428K |
|
4411
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.79B
| $1.13M | ﹤0.01% |
44,406
+2,715
| +7% | +$68.6K |
|
4412
PUT
Sprouts Farmers Market
SFM
$8.13B
| $1.13M | ﹤0.01% |
10,400
-5,400
| -34% | -$786K |
|
4413
CALL
American Airlines Group
AAL
$10.1B
| $1.13M | ﹤0.01% |
100,500
-5,445,600
| -98% | -$67.1M |
|
4414
Prestige Consumer Healthcare
PBH
$2.38B
| $1.13M | ﹤0.01% |
18,030
-7,722
| -30% | -$538K |
|
|
CVGW
4415
DELISTED
Calavo Growers
CVGW
| $1.12M | ﹤0.01% |
43,697
-58,297
| -57% | -$1.57M |
|
4416
CALL
Essex Property Trust
ESS
$18.3B
| $1.12M | ﹤0.01% |
4,200
-1,400
| -25% | -$378K |
|
4417
CALL
Boston Properties
BXP
$11.2B
| $1.12M | ﹤0.01% |
15,100
+1,800
| +14% | +$127K |
|
4418
SFL Corp
SFL
$1.64B
| $1.12M | ﹤0.01% |
148,891
+16,350
| +12% | +$141K |
|
4419
CALL
Texas Pacific Land
TPL
$27.8B
| $1.12M | ﹤0.01% |
3,600
-3,300
| -48% | -$1.04M |
|
|
COPL
4420
Copley Acquisition Corp
COPL
$248M
| $1.11M | ﹤0.01% |
110,000
+10,000
| +10% | +$101K |
|
4421
Gladstone Capital
GLAD
$422M
| $1.11M | ﹤0.01% |
+50,849
| New | +$1.34M |
|
4422
Aurinia Pharmaceuticals
AUPH
$1.91B
| $1.11M | ﹤0.01% |
100,573
-63,935
| -39% | -$698K |
|
|
NLOP
4423
Net Lease Office Properties
NLOP
$173M
| $1.11M | ﹤0.01% |
+37,401
| New | +$1.17M |
|
4424
XBiotech
XBIT
$68M
| $1.11M | ﹤0.01% |
416,344
-135,003
| -24% | -$400K |
|
4425
PUT
Wheaton Precious Metals
WPM
$49.5B
| $1.11M | ﹤0.01% |
9,900
-13,000
| -57% | -$1.27M |
|
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.