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 | |
|---|---|---|---|---|---|---|
4651
Nautilus Biotechnolgy
NAUT
$124M
| $817K | ﹤0.01% |
967,548
-89,291
| -8% | -$65.6K |
|
4652
Anika Therapeutics
ANIK
$258M
| $817K | ﹤0.01% |
86,874
-46,799
| -35% | -$447K |
|
4653
PUT
Bath & Body Works
BBWI
$4.06B
| $817K | ﹤0.01% |
31,700
-141,500
| -82% | -$4.19M |
|
4654
Charter Communications
CHTR
$17.3B
| $815K | ﹤0.01% |
2,963
-28,589
| -91% | -$8.64M |
|
|
IRBT
4655
DELISTED
iRobot
IRBT
| $811K | ﹤0.01% |
225,968
-187,288
| -45% | -$724K |
|
4656
PUT
Knight Transportation
KNX
$11.3B
| $810K | ﹤0.01% |
20,500
+1,600
| +8% | +$69.3K |
|
4657
Middlesex Water
MSEX
$1.08B
| $810K | ﹤0.01% |
14,958
-2,252
| -13% | -$120K |
|
4658
Algonquin Power & Utilities
AQN
$4.49B
| $807K | ﹤0.01% |
150,309
+44,045
| +41% | +$253K |
|
4659
Pentair
PNR
$10.4B
| $806K | ﹤0.01% |
7,281
-142,913
| -95% | -$15.3M |
|
4660
Ranger Energy Services
RNGR
$376M
| $806K | ﹤0.01% |
57,398
-69,524
| -55% | -$915K |
|
|
BBT
4661
Beacon Financial Corp
BBT
$2.66B
| $805K | ﹤0.01% |
33,965
-449,756
| -93% | -$11.5M |
|
4662
Milestone Pharmaceuticals
MIST
$138M
| $803K | ﹤0.01% |
+401,559
| New | +$706K |
|
4663
CALL
Compass
COMP
$8.51B
| $803K | ﹤0.01% |
+100,000
| New | +$810K |
|
4664
Transportadora de Gas del Sur
TGS
$4.79B
| $802K | ﹤0.01% |
38,159
-379
| -1% | -$9.8K |
|
|
NESR
4665
National Energy Services Reunited Corp
NESR
$2.72B
| $802K | ﹤0.01% |
78,213
-119,162
| -60% | -$954K |
|
4666
CALL
TotalEnergies
TTE
$195B
| $800K | ﹤0.01% |
13,400
-9,200
| -41% | -$567K |
|
4667
CALL
Hecla Mining
HL
$9.47B
| $799K | ﹤0.01% |
+66,000
| New | +$530K |
|
4668
Bluerock Homes Trust
BHM
$35.3M
| $798K | ﹤0.01% |
66,619
-26
| -0% | -$338 |
|
4669
Centrus Energy
LEU
$3.48B
| $798K | ﹤0.01% |
2,573
-21,786
| -89% | -$4.82M |
|
4670
CALL
US Foods
USFD
$22.2B
| $797K | ﹤0.01% |
10,400
| – | – |
|
4671
First Financial Corp
THFF
$958M
| $797K | ﹤0.01% |
14,113
-6,404
| -31% | -$363K |
|
4672
PUT
CDW
CDW
$18.9B
| $796K | ﹤0.01% |
5,000
-21,300
| -81% | -$3.62M |
|
4673
Magnachip Semiconductor
MX
$119M
| $796K | ﹤0.01% |
254,255
-53,660
| -17% | -$182K |
|
4674
Pliant Therapeutics
PLRX
$64.4M
| $795K | ﹤0.01% |
537,337
-313,137
| -37% | -$478K |
|
4675
RCI Hospitality Holdings
RICK
$192M
| $794K | ﹤0.01% |
26,037
+16,085
| +162% | +$576K |
|
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.