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 | |
|---|---|---|---|---|---|---|
4626
Virgin Galactic
SPCE
$328M
| $846K | ﹤0.01% |
219,195
-98,727
| -31% | -$331K |
|
|
GLXY
4627
CALL
Galaxy Digital Inc
GLXY
$4.02B
| $845K | ﹤0.01% |
+25,000
| New | +$674K |
|
4628
Global X MSCI Argentina ETF
ARGT
$845M
| $845K | ﹤0.01% |
12,116
+8,384
| +225% | +$668K |
|
4629
Keros Therapeutics
KROS
$199M
| $844K | ﹤0.01% |
53,346
+39,641
| +289% | +$586K |
|
|
DEA
4630
Easterly Government Properties
DEA
$1.13B
| $844K | ﹤0.01% |
36,795
-6,740
| -15% | -$153K |
|
4631
Kadant
KAI
$3.63B
| $844K | ﹤0.01% |
2,835
-2,172
| -43% | -$709K |
|
|
TMQ
4632
Trilogy Metals
TMQ
$541M
| $844K | ﹤0.01% |
401,668
+79,719
| +25% | +$142K |
|
4633
CALL
Lifestance Health
LFST
$4B
| $842K | ﹤0.01% |
+153,000
| New | +$750K |
|
|
EB
4634
DELISTED
Eventbrite
EB
| $839K | ﹤0.01% |
332,813
-630
| -0.2% | -$1.65K |
|
4635
Perion Network
PERI
$375M
| $837K | ﹤0.01% |
+87,205
| New | +$873K |
|
4636
Regenxbio
RGNX
$620M
| $836K | ﹤0.01% |
86,659
-25,290
| -23% | -$224K |
|
4637
Cerence
CRNC
$385M
| $836K | ﹤0.01% |
67,110
-759,770
| -92% | -$7.78M |
|
4638
PUT
Regions Financial
RF
$26.4B
| $836K | ﹤0.01% |
31,700
+3,200
| +11% | +$83.1K |
|
4639
CALL
Agilent Technologies
A
$39.1B
| $834K | ﹤0.01% |
6,500
-172,600
| -96% | -$20.8M |
|
4640
Arrow Financial
AROW
$659M
| $834K | ﹤0.01% |
+29,476
| New | +$829K |
|
4641
CALL
Alexandria Real Estate Equities
ARE
$8.97B
| $833K | ﹤0.01% |
10,000
-4,000
| -29% | -$320K |
|
4642
Endava
DAVA
$158M
| $831K | ﹤0.01% |
91,292
-165,689
| -64% | -$2.06M |
|
4643
Ubiquiti
UI
$33.7B
| $830K | ﹤0.01% |
1,256
-26,109
| -95% | -$13M |
|
4644
Star Holdings Shares of Beneficial Interest
STHO
$113M
| $825K | ﹤0.01% |
100,297
-31,774
| -24% | -$258K |
|
4645
Madrigal Pharmaceuticals
MDGL
$10.8B
| $825K | ﹤0.01% |
1,798
-9,037
| -83% | -$3.37M |
|
4646
Cooper-Standard Automotive
CPS
$523M
| $824K | ﹤0.01% |
22,315
-230,938
| -91% | -$7.04M |
|
4647
KNOT Offshore Partners
KNOP
$372M
| $820K | ﹤0.01% |
92,945
-72,550
| -44% | -$555K |
|
4648
PUT
Kenvue
KVUE
$36.9B
| $820K | ﹤0.01% |
50,500
-418,700
| -89% | -$8.55M |
|
4649
Flutter Entertainment
FLUT
$18.1B
| $819K | ﹤0.01% |
3,226
-10,247
| -76% | -$3M |
|
4650
CALL
Cipher Digital
CIFR
$9.13B
| $818K | ﹤0.01% |
+65,000
| New | +$490K |
|
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.