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 | |
|---|---|---|---|---|---|---|
4826
Gencor Industries
GENC
$209M
| $620K | ﹤0.01% |
42,391
+24,207
| +133% | +$367K |
|
4827
Fidelity D&D Bancorp
FDBC
$306M
| $620K | ﹤0.01% |
14,140
+7,863
| +125% | +$345K |
|
|
BEAGU
4828
Bold Eagle Acquisition Corp Units
BEAGU
| $619K | ﹤0.01% |
57,852
-4,528
| -7% | -$48.3K |
|
4829
CALL
Dave & Buster's
PLAY
$377M
| $617K | ﹤0.01% |
34,000
-7,100
| -17% | -$187K |
|
4830
CALL
Innodata
INOD
$2.05B
| $617K | ﹤0.01% |
+8,000
| New | +$404K |
|
4831
Gladstone Investment Corp
GAIN
$643M
| $616K | ﹤0.01% |
44,546
-124,651
| -74% | -$1.76M |
|
4832
PUT
ScottsMiracle-Gro
SMG
$3.82B
| $615K | ﹤0.01% |
10,800
+1,700
| +19% | +$107K |
|
|
NFGC
4833
New Found Gold
NFGC
$522M
| $613K | ﹤0.01% |
258,858
+233,292
| +913% | +$410K |
|
|
UNIT
4834
CALL
Uniti Group
UNIT
$2.36B
| $612K | ﹤0.01% |
+100,000
| New | +$599K |
|
|
SNCY
4835
DELISTED
Sun Country Airlines
SNCY
| $612K | ﹤0.01% |
51,819
-392,197
| -88% | -$4.85M |
|
4836
Fortis
FTS
$29B
| $609K | ﹤0.01% |
12,006
+7,421
| +162% | +$365K |
|
4837
Traeger
COOK
$178M
| $608K | ﹤0.01% |
9,965
+1,676
| +20% | +$128K |
|
4838
DHT Holdings
DHT
$2.99B
| $606K | ﹤0.01% |
50,722
-195,592
| -79% | -$2.27M |
|
|
MRSN
4839
DELISTED
Mersana Therapeutics
MRSN
| $605K | ﹤0.01% |
77,989
-5,620
| -7% | -$42.2K |
|
4840
PUT
Corteva
CTVA
$52.6B
| $602K | ﹤0.01% |
8,900
-6,800
| -43% | -$493K |
|
|
BWAY
4841
Brainsway
BWAY
$611M
| $600K | ﹤0.01% |
79,682
+32,708
| +70% | +$226K |
|
4842
Phibro Animal Health
PAHC
$1.47B
| $600K | ﹤0.01% |
14,821
-271,310
| -95% | -$8.96M |
|
|
IAUX
4843
i-80 Gold Corp
IAUX
$1.11B
| $599K | ﹤0.01% |
627,293
-2,774,901
| -82% | -$2.02M |
|
4844
Monopar Therapeutics
MNPR
$726M
| $599K | ﹤0.01% |
7,334
-7,455
| -50% | -$333K |
|
4845
CALL
Magnite
MGNI
$2.76B
| $597K | ﹤0.01% |
+27,400
| New | +$647K |
|
4846
CALL
Gold Fields
GFI
$29B
| $596K | ﹤0.01% |
14,200
| – | – |
|
|
GBIO
4847
DELISTED
Generation Bio
GBIO
| $596K | ﹤0.01% |
97,354
-8,807
| -8% | -$45.6K |
|
4848
MillerKnoll
MLKN
$1.53B
| $592K | ﹤0.01% |
33,366
-349,062
| -91% | -$7.06M |
|
4849
CALL
PENN Entertainment
PENN
$2.75B
| $591K | ﹤0.01% |
30,700
-194,400
| -86% | -$3.65M |
|
4850
CALL
Addus HomeCare
ADUS
$2.16B
| $590K | ﹤0.01% |
5,000
-105,000
| -95% | -$11.8M |
|
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.