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 | |
|---|---|---|---|---|---|---|
4876
Floor & Decor
FND
$6.13B
| $566K | ﹤0.01% |
7,680
-63,739
| -89% | -$5.22M |
|
4877
Lantronix
LTRX
$240M
| $564K | ﹤0.01% |
+123,318
| New | +$456K |
|
4878
RLJ Lodging Trust
RLJ
$1.86B
| $561K | ﹤0.01% |
77,959
-334,960
| -81% | -$2.53M |
|
4879
Puma Biotechnology
PBYI
$404M
| $561K | ﹤0.01% |
105,633
-228,976
| -68% | -$971K |
|
4880
PUT
Plains GP Holdings
PAGP
$5.21B
| $560K | ﹤0.01% |
30,700
| – | – |
|
4881
Liberty All-Star Equity Fund
USA
$1.79B
| $558K | ﹤0.01% |
+87,978
| New | +$581K |
|
|
WENN
4882
Wen Acquisition Corp
WENN
$388M
| $557K | ﹤0.01% |
+55,000
| New | +$561K |
|
4883
Golar LNG
GLNG
$5B
| $556K | ﹤0.01% |
+13,770
| New | +$569K |
|
4884
POET Technologies
POET
$1.21B
| $556K | ﹤0.01% |
100,399
+16,664
| +20% | +$94.1K |
|
4885
Parke Bancorp
PKBK
$401M
| $556K | ﹤0.01% |
25,786
-11,935
| -32% | -$259K |
|
4886
CEVA Inc
CEVA
$910M
| $555K | ﹤0.01% |
21,007
-13,977
| -40% | -$326K |
|
4887
Taylor Devices
TAYD
$165M
| $554K | ﹤0.01% |
11,286
-7,884
| -41% | -$366K |
|
4888
Assembly Biosciences
ASMB
$498M
| $553K | ﹤0.01% |
+21,608
| New | +$474K |
|
4889
CALL
Lamb Weston
LW
$7.22B
| $552K | ﹤0.01% |
9,500
-13,600
| -59% | -$743K |
|
4890
Atlas Energy Solutions
AESI
$1.35B
| $551K | ﹤0.01% |
48,491
+4,587
| +10% | +$56.2K |
|
4891
CALL
Rithm Capital
RITM
$5.52B
| $551K | ﹤0.01% |
48,400
| – | – |
|
4892
PUT
Alexandria Real Estate Equities
ARE
$8.97B
| $550K | ﹤0.01% |
+6,600
| New | +$529K |
|
|
EWCZ
4893
DELISTED
European Wax Center
EWCZ
| $549K | ﹤0.01% |
137,585
-372,250
| -73% | -$1.7M |
|
4894
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.1B
| $548K | ﹤0.01% |
+10,828
| New | +$545K |
|
4895
UFP Technologies
UFPT
$1.97B
| $548K | ﹤0.01% |
2,746
-64,920
| -96% | -$14.3M |
|
|
RYZ
4896
Ryerson Holding Corp
RYZ
$1.44B
| $548K | ﹤0.01% |
23,975
+6,112
| +34% | +$137K |
|
4897
CALL
FuboTV Inc
FUBO
$261M
| $548K | ﹤0.01% |
11,000
| – | – |
|
4898
Pulmonx
LUNG
$68.8M
| $544K | ﹤0.01% |
335,849
-830,678
| -71% | -$1.74M |
|
4899
Ternium
TX
$9.67B
| $543K | ﹤0.01% |
15,629
-23,346
| -60% | -$766K |
|
4900
Park Hotels & Resorts
PK
$3.03B
| $542K | ﹤0.01% |
48,910
-528,086
| -92% | -$5.94M |
|
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.