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 | |
|---|---|---|---|---|---|---|
4851
Park-Ohio Holdings
PKOH
$575M
| $588K | ﹤0.01% |
27,695
-16,626
| -38% | -$318K |
|
4852
CALL
CRH
CRH
$63.2B
| $588K | ﹤0.01% |
+4,900
| New | +$517K |
|
4853
Arqit Quantum
ARQQ
$298M
| $587K | ﹤0.01% |
+15,161
| New | +$525K |
|
|
AGNT
4854
CALL
AGNT Inc
AGNT
$666M
| $587K | ﹤0.01% |
+55,100
| New | +$583K |
|
|
EMPD
4855
Empery Digital
EMPD
$79.8M
| $587K | ﹤0.01% |
+78,032
| New | +$705K |
|
4856
Schwab US Mid-Cap ETF
SCHM
$14.5B
| $586K | ﹤0.01% |
19,780
-5,981
| -23% | -$174K |
|
4857
CALL
Ball Corp
BALL
$17.3B
| $585K | ﹤0.01% |
11,600
-92,300
| -89% | -$4.99M |
|
4858
iShares Global Healthcare ETF
IXJ
$4.07B
| $584K | ﹤0.01% |
+6,587
| New | +$569K |
|
4859
Diebold Nixdorf
DBD
$2.5B
| $583K | ﹤0.01% |
10,224
-15,332
| -60% | -$908K |
|
|
CCEC
4860
Capital Clean Energy Carriers
CCEC
$1.34B
| $583K | ﹤0.01% |
25,892
+2
| +0% | +$45 |
|
4861
Townsquare Media
TSQ
$106M
| $583K | ﹤0.01% |
86,710
-75,928
| -47% | -$550K |
|
4862
Alliance Entertainment
AENT
$276M
| $582K | ﹤0.01% |
85,510
+19,325
| +29% | +$111K |
|
4863
Vera Bradley
VRA
$97M
| $582K | ﹤0.01% |
289,527
-108,177
| -27% | -$229K |
|
4864
Tilly's
TLYS
$116M
| $582K | ﹤0.01% |
282,486
-109,433
| -28% | -$190K |
|
|
NOAH
4865
Noah Holdings
NOAH
$580M
| $582K | ﹤0.01% |
+50,188
| New | +$600K |
|
|
4866
PUT
Ball Corp
BALL
$17.3B
| $580K | ﹤0.01% |
11,500
+5,200
| +83% | +$281K |
|
4867
St. Joe Company
JOE
$3.54B
| $579K | ﹤0.01% |
11,708
-3,710
| -24% | -$187K |
|
4868
CervoMed
CRVO
$23.9M
| $579K | ﹤0.01% |
71,509
-4,571
| -6% | -$39.2K |
|
4869
Richardson Electronics
RELL
$267M
| $578K | ﹤0.01% |
59,067
-14,514
| -20% | -$143K |
|
4870
CALL
Ollie's Bargain Outlet
OLLI
$4.44B
| $578K | ﹤0.01% |
4,500
-14,400
| -76% | -$1.91M |
|
4871
PUT
Chewy
CHWY
$9.25B
| $574K | ﹤0.01% |
14,200
-303,800
| -96% | -$11.7M |
|
4872
CALL
Republic Services
RSG
$64.8B
| $574K | ﹤0.01% |
2,500
-17,500
| -88% | -$4.11M |
|
4873
FreightCar America
RAIL
$261M
| $572K | ﹤0.01% |
58,478
-66,811
| -53% | -$638K |
|
4874
CALL
Deutsche Bank
DB
$69B
| $568K | ﹤0.01% |
17,300
+1,900
| +12% | +$64.8K |
|
4875
iShares MSCI Canada ETF
EWC
$6.13B
| $568K | ﹤0.01% |
11,234
-221,544
| -95% | -$10.6M |
|
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.