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 | |
|---|---|---|---|---|---|---|
|
GRVY
4476
GRAVITY
GRVY
$430M
| $1.05M | ﹤0.01% |
16,374
-1,120
| -6% | -$71.8K |
|
4477
Neuronetics
STIM
$138M
| $1.05M | ﹤0.01% |
383,719
-494,400
| -56% | -$1.76M |
|
4478
PUT
HF Sinclair
DINO
$16.3B
| $1.05M | ﹤0.01% |
20,000
+13,300
| +199% | +$630K |
|
4479
CALL
Southwest Airlines
LUV
$22B
| $1.05M | ﹤0.01% |
32,800
-76,400
| -70% | -$2.5M |
|
|
SRDX
4480
CALL
DELISTED
Surmodics
SRDX
| $1.05M | ﹤0.01% |
+35,000
| New | +$1.17M |
|
4481
CALL
Ovintiv
OVV
$17.3B
| $1.05M | ﹤0.01% |
25,900
-3,500
| -12% | -$143K |
|
4482
VanEck Junior Gold Miners ETF
GDXJ
$6.86B
| $1.04M | ﹤0.01% |
+10,530
| New | +$809K |
|
4483
DocGo
DCGO
$64.3M
| $1.04M | ﹤0.01% |
766,210
+687,911
| +879% | +$1.04M |
|
|
SVCCU
4484
Stellar V Capital Corp Unit
SVCCU
| $1.04M | ﹤0.01% |
100,000
| – | – |
|
4485
MasterBrand
MBC
$1.06B
| $1.04M | ﹤0.01% |
78,796
-443,598
| -85% | -$5.49M |
|
4486
FuelCell Energy
FCEL
$1.73B
| $1.04M | ﹤0.01% |
132,886
-137,781
| -51% | -$749K |
|
4487
PUT
Illumina
ILMN
$31B
| $1.04M | ﹤0.01% |
10,900
-25,700
| -70% | -$2.55M |
|
|
VRNA
4488
CALL
DELISTED
Verona Pharma
VRNA
| $1.04M | ﹤0.01% |
9,700
-4,300
| -31% | -$449K |
|
4489
CALL
VeriSign
VRSN
$26.2B
| $1.03M | ﹤0.01% |
3,700
-300
| -8% | -$83.8K |
|
4490
Acumen Pharmaceuticals
ABOS
$155M
| $1.03M | ﹤0.01% |
601,716
-1,348,404
| -69% | -$1.87M |
|
4491
State Street Blackstone Senior Loan ETF
SRLN
$5.3B
| $1.03M | ﹤0.01% |
+24,732
| New | +$1.03M |
|
|
TBI
4492
Trueblue
TBI
$215M
| $1.03M | ﹤0.01% |
167,641
+133,624
| +393% | +$845K |
|
4493
Rocky Brands
RCKY
$366M
| $1.02M | ﹤0.01% |
+34,383
| New | +$923K |
|
4494
Red Cat Holdings
RCAT
$1.15B
| $1.02M | ﹤0.01% |
+98,734
| New | +$923K |
|
|
BELFB
4495
Bel Fuse Inc Class B
BELFB
$3.87B
| $1.02M | ﹤0.01% |
7,246
-25,537
| -78% | -$3.25M |
|
4496
NewtekOne
NEWT
$428M
| $1.02M | ﹤0.01% |
89,225
-79,747
| -47% | -$945K |
|
4497
CALL
Invitation Homes
INVH
$17.7B
| $1.02M | ﹤0.01% |
34,800
-15,200
| -30% | -$468K |
|
4498
CALL
Hertz
HTZ
$499M
| $1.02M | ﹤0.01% |
+150,000
| New | +$963K |
|
4499
German American Bancorp
GABC
$1.91B
| $1.02M | ﹤0.01% |
25,943
+3,464
| +15% | +$140K |
|
|
SHOE
4500
Shoe Station Group
SHOE
$413M
| $1.02M | ﹤0.01% |
49,001
-586,343
| -92% | -$12.7M |
|
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.