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 | |
|---|---|---|---|---|---|---|
4551
CALL
Scorpio Tankers
STNG
$3.9B
| $947K | ﹤0.01% |
16,900
+3,000
| +22% | +$148K |
|
|
OCSAW
4552
CALL
Oculis Holding AG Warrants
OCSAW
| $946K | ﹤0.01% |
140,000
| – | – |
|
4553
Independent Bank
INDB
$3.99B
| $946K | ﹤0.01% |
13,678
-153,758
| -92% | -$10.5M |
|
4554
Preformed Line Products
PLPC
$1.75B
| $946K | ﹤0.01% |
+4,823
| New | +$847K |
|
4555
Nerdy
NRDY
$106M
| $946K | ﹤0.01% |
750,494
-213,415
| -22% | -$305K |
|
4556
Arq
ARQ
$84.6M
| $944K | ﹤0.01% |
+131,864
| New | +$871K |
|
4557
FVCBankcorp
FVCB
$335M
| $941K | ﹤0.01% |
72,568
+25,075
| +53% | +$329K |
|
4558
Consensus Cloud Solutions
CCSI
$670M
| $940K | ﹤0.01% |
32,019
+19,403
| +154% | +$481K |
|
4559
Corsair Gaming
CRSR
$1.13B
| $936K | ﹤0.01% |
104,884
-51,676
| -33% | -$465K |
|
4560
FirstService
FSV
$6.48B
| $935K | ﹤0.01% |
4,907
-75,626
| -94% | -$14.6M |
|
4561
PUT
Skyworks Solutions
SWKS
$9.37B
| $931K | ﹤0.01% |
12,100
-55,300
| -82% | -$4.12M |
|
4562
PUT
GXO Logistics
GXO
$5.77B
| $931K | ﹤0.01% |
17,600
-78,400
| -82% | -$4.03M |
|
4563
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
$3.09B
| $930K | ﹤0.01% |
37,319
+24,676
| +195% | +$604K |
|
4564
CALL
Pool Corp
POOL
$6.75B
| $930K | ﹤0.01% |
+3,000
| New | +$940K |
|
4565
Rackspace Technology
RXT
$1.05B
| $930K | ﹤0.01% |
659,581
-136,768
| -17% | -$183K |
|
4566
Leggett & Platt
LEG
$1.34B
| $930K | ﹤0.01% |
104,676
-1,802,966
| -95% | -$17.2M |
|
|
FLNA
4567
Filana Therapeutics
FLNA
$48.8M
| $928K | ﹤0.01% |
318,886
-153,896
| -33% | -$354K |
|
4568
Orchestra BioMed
OBIO
$238M
| $927K | ﹤0.01% |
373,987
-35,687
| -9% | -$98.5K |
|
4569
CALL
FMC
FMC
$1.34B
| $921K | ﹤0.01% |
27,400
+9,000
| +49% | +$351K |
|
4570
Cardlytics
CDLX
$21.7M
| $920K | ﹤0.01% |
37,876
-16,067
| -30% | -$268K |
|
|
AISPW
4571
CALL
Airship AI Holdings Warrants
AISPW
$12.5M
| $916K | ﹤0.01% |
548,250
| – | – |
|
4572
VanEck Semiconductor ETF
SMH
$67.9B
| $913K | ﹤0.01% |
2,799
-32,672
| -92% | -$9.67M |
|
4573
PUT
Shift4
FOUR
$4.2B
| $913K | ﹤0.01% |
11,800
-9,100
| -44% | -$846K |
|
4574
JPMorgan Nasdaq Equity Premium Income ETF
JEPQ
$39.9B
| $908K | ﹤0.01% |
+15,782
| New | +$876K |
|
4575
CALL
Bath & Body Works
BBWI
$4.06B
| $904K | ﹤0.01% |
35,100
-143,500
| -80% | -$4.25M |
|
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.