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 | |
|---|---|---|---|---|---|---|
4801
PUT
Planet Fitness
PLNT
$4.42B
| $644K | ﹤0.01% |
6,200
-10,000
| -62% | -$1.06M |
|
4802
PUT
Royal Gold
RGLD
$16.8B
| $642K | ﹤0.01% |
+3,200
| New | +$553K |
|
4803
Calumet Specialty Products
CLMT
$3.85B
| $642K | ﹤0.01% |
35,158
-172,807
| -83% | -$2.84M |
|
4804
CALL
TeraWulf
WULF
$8.75B
| $641K | ﹤0.01% |
56,100
+37,400
| +200% | +$286K |
|
|
4805
PUT
TeraWulf
WULF
$8.75B
| $641K | ﹤0.01% |
+56,100
| New | +$429K |
|
|
AII
4806
American Integrity Insurance
AII
$397M
| $640K | ﹤0.01% |
28,709
-180,351
| -86% | -$3.42M |
|
4807
PUT
United Microelectronic
UMC
$47.7B
| $640K | ﹤0.01% |
+84,400
| New | +$599K |
|
4808
MoonLake Immunotherapeutics
MLTX
$1.57B
| $639K | ﹤0.01% |
+89,172
| New | +$4.65M |
|
|
AUTL
4809
Autolus Therapeutics
AUTL
$397M
| $639K | ﹤0.01% |
+391,833
| New | +$765K |
|
|
TLN
4810
CALL
Talen Energy Corp
TLN
$16B
| $638K | ﹤0.01% |
1,500
-8,500
| -85% | -$3.07M |
|
|
SFIX
4811
Stitch Fix
SFIX
$536M
| $638K | ﹤0.01% |
146,623
+12,222
| +9% | +$60.4K |
|
4812
Farmers & Merchants Bancorp
FMAO
$459M
| $637K | ﹤0.01% |
25,483
+722
| +3% | +$18.6K |
|
4813
CALL
PagerDuty
PD
$816M
| $636K | ﹤0.01% |
+38,500
| New | +$612K |
|
4814
Adecoagro
AGRO
$1.44B
| $636K | ﹤0.01% |
81,068
-189,159
| -70% | -$1.66M |
|
4815
HealthStream
HSTM
$819M
| $632K | ﹤0.01% |
22,383
-145,099
| -87% | -$3.99M |
|
|
RVPH
4816
DELISTED
REVIVA PHARMA HLDGS INC
RVPH
| $631K | ﹤0.01% |
85,561
+11,159
| +15% | +$94.8K |
|
4817
PUT
Helen of Troy
HELE
$644M
| $630K | ﹤0.01% |
+25,000
| New | +$605K |
|
4818
Southern First Bancshares
SFST
$591M
| $628K | ﹤0.01% |
14,223
+8,341
| +142% | +$356K |
|
4819
1stdibs.com
DIBS
$149M
| $626K | ﹤0.01% |
241,741
-57,711
| -19% | -$157K |
|
|
TWFG
4820
TWFG Inc
TWFG
$348M
| $626K | ﹤0.01% |
22,811
-91,263
| -80% | -$2.64M |
|
4821
PUT
Guardant Health
GH
$21.7B
| $625K | ﹤0.01% |
10,000
-3,800
| -28% | -$207K |
|
4822
Werewolf Therapeutics
HOWL
$17.2M
| $625K | ﹤0.01% |
317,053
-379,642
| -54% | -$520K |
|
4823
CALL
Lemonade
LMND
$3.74B
| $621K | ﹤0.01% |
+11,600
| New | +$566K |
|
|
BTX
4824
BlackRock Technology and Private Equity Term Trust
BTX
$940M
| $621K | ﹤0.01% |
92,674
+78,772
| +567% | +$563K |
|
4825
OP Bancorp
OPBK
$232M
| $621K | ﹤0.01% |
44,583
-32,722
| -42% | -$452K |
|
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.