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 | |
|---|---|---|---|---|---|---|
4901
iShares California Muni Bond ETF
CMF
$4.55B
| $541K | ﹤0.01% |
+9,481
| New | +$530K |
|
4902
Douglas Dynamics
PLOW
$1.02B
| $540K | ﹤0.01% |
17,286
-7,728
| -31% | -$242K |
|
4903
Alamo Group
ALG
$1.94B
| $539K | ﹤0.01% |
2,826
-39,026
| -93% | -$8.38M |
|
4904
PUT
Agnico Eagle Mines
AEM
$73.6B
| $539K | ﹤0.01% |
3,200
-12,800
| -80% | -$1.76M |
|
|
HDL
4905
Super Hi International Holding
HDL
$777M
| $539K | ﹤0.01% |
29,635
-84
| -0.3% | -$1.63K |
|
|
HTB
4906
HomeTrust Bancshares
HTB
$860M
| $538K | ﹤0.01% |
13,130
-6,448
| -33% | -$258K |
|
|
MURA
4907
DELISTED
Mural Oncology
MURA
| $535K | ﹤0.01% |
258,487
-57,553
| -18% | -$124K |
|
|
EHAB
4908
DELISTED
Enhabit
EHAB
| $535K | ﹤0.01% |
66,777
-242,438
| -78% | -$1.82M |
|
4909
PUT
BWX Technologies
BWXT
$15.5B
| $535K | ﹤0.01% |
2,900
-300
| -9% | -$48.3K |
|
|
ASRT
4910
DELISTED
Assertio
ASRT
| $534K | ﹤0.01% |
40,399
-5,903
| -13% | -$68.7K |
|
4911
CALL
Ralph Lauren
RL
$22.6B
| $533K | ﹤0.01% |
1,700
-2,400
| -59% | -$715K |
|
4912
CALL
Samsara
IOT
$21.7B
| $533K | ﹤0.01% |
14,300
-235,700
| -94% | -$8.75M |
|
4913
Enbridge
ENB
$119B
| $532K | ﹤0.01% |
10,540
-31,462
| -75% | -$1.48M |
|
4914
CALL
Yum China
YUMC
$16.5B
| $528K | ﹤0.01% |
+12,300
| New | +$559K |
|
4915
Televisa
TV
$1.48B
| $527K | ﹤0.01% |
195,852
-1,349,938
| -87% | -$3.4M |
|
|
CCIXU
4916
DELISTED
Churchill Capital Corp IX Unit
CCIXU
| $525K | ﹤0.01% |
49,225
-2,265
| -4% | -$24.5K |
|
4917
CALL
West Pharmaceutical
WST
$24B
| $525K | ﹤0.01% |
2,000
-2,000
| -50% | -$486K |
|
4918
CALL
McEwen Inc
MUX
$1.03B
| $523K | ﹤0.01% |
+30,600
| New | +$366K |
|
4919
Security National Financial
SNFCA
$244M
| $523K | ﹤0.01% |
63,326
+15,394
| +32% | +$130K |
|
4920
CALL
NuScale Power
SMR
$2.91B
| $522K | ﹤0.01% |
+14,500
| New | +$578K |
|
|
4921
PUT
NuScale Power
SMR
$2.91B
| $522K | ﹤0.01% |
+14,500
| New | +$578K |
|
4922
Paysign
PAYS
$501M
| $521K | ﹤0.01% |
82,848
-215,007
| -72% | -$1.37M |
|
4923
PUT
Klaviyo
KVYO
$5.34B
| $521K | ﹤0.01% |
+18,800
| New | +$607K |
|
4924
Tiziana Life Sciences
TLSA
$131M
| $520K | ﹤0.01% |
+240,814
| New | +$446K |
|
4925
Sigma Lithium
SGML
$1.11B
| $520K | ﹤0.01% |
81,543
+4,909
| +6% | +$29.5K |
|
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.