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 | |
|---|---|---|---|---|---|---|
4776
PUT
PBF Energy
PBF
$8.57B
| $673K | ﹤0.01% |
+22,300
| New | +$583K |
|
4777
PUT
Bioventus
BVS
$892M
| $669K | ﹤0.01% |
+100,000
| New | +$694K |
|
4778
Torrid Holdings
CURV
$254M
| $669K | ﹤0.01% |
+382,116
| New | +$878K |
|
4779
MainStreet Bancshares
MNSB
$164M
| $668K | ﹤0.01% |
32,052
+19,537
| +156% | +$411K |
|
4780
Kura Sushi USA
KRUS
$560M
| $667K | ﹤0.01% |
11,223
-38,911
| -78% | -$3.1M |
|
4781
Vanguard International Dividend Appreciation ETF
VIGI
$9.08B
| $666K | ﹤0.01% |
+7,431
| New | +$662K |
|
4782
PUT
Southern Company
SO
$109B
| $663K | ﹤0.01% |
7,000
-52,200
| -88% | -$4.87M |
|
4783
Thor Industries
THO
$3.9B
| $662K | ﹤0.01% |
6,386
-7,445
| -54% | -$750K |
|
4784
BCB Bancorp
BCBP
$173M
| $661K | ﹤0.01% |
76,102
+25,530
| +50% | +$223K |
|
4785
Kanzhun
BZ
$7.27B
| $660K | ﹤0.01% |
28,271
-395,048
| -93% | -$8.48M |
|
4786
KVH Industries
KVHI
$181M
| $657K | ﹤0.01% |
117,396
+1,632
| +1% | +$9.06K |
|
|
NNAVW
4787
CALL
DELISTED
NextNav Inc Warrant
NNAVW
| $656K | ﹤0.01% |
121,250
| – | – |
|
4788
PUT
Scorpio Tankers
STNG
$3.9B
| $656K | ﹤0.01% |
+11,700
| New | +$577K |
|
4789
Magnolia Oil & Gas
MGY
$6.09B
| $655K | ﹤0.01% |
27,459
-1,075,348
| -98% | -$25.6M |
|
4790
iShares Latin America 40 ETF
ILF
$3.85B
| $653K | ﹤0.01% |
+22,613
| New | +$601K |
|
4791
CALL
Public Service Enterprise Group
PEG
$38.2B
| $651K | ﹤0.01% |
7,800
-45,200
| -85% | -$3.79M |
|
4792
QCR Holdings
QCRH
$1.69B
| $650K | ﹤0.01% |
8,596
-195,388
| -96% | -$14.7M |
|
4793
VirTra
VTSI
$34.9M
| $649K | ﹤0.01% |
123,427
-15,874
| -11% | -$95.7K |
|
|
IVA
4794
Inventiva
IVA
$1.06B
| $649K | ﹤0.01% |
+112,030
| New | +$488K |
|
4795
Primis Financial Corp
FRST
$399M
| $648K | ﹤0.01% |
61,701
-41,220
| -40% | -$460K |
|
4796
Fractyl Health
GUTS
$109M
| $648K | ﹤0.01% |
407,667
-115,306
| -22% | -$150K |
|
4797
CALL
Domino's
DPZ
$11.5B
| $648K | ﹤0.01% |
1,500
-2,900
| -66% | -$1.32M |
|
4798
Vanguard Russell 1000 Growth ETF
VONG
$42.8B
| $647K | ﹤0.01% |
5,367
+737
| +16% | +$84.5K |
|
4799
VSE Corp
VSEC
$5.45B
| $645K | ﹤0.01% |
3,881
-27,528
| -88% | -$4.2M |
|
4800
ArcelorMittal
MT
$52.9B
| $644K | ﹤0.01% |
17,820
-258,701
| -94% | -$8.72M |
|
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.