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 | |
|---|---|---|---|---|---|---|
4926
Design Therapeutics
DSGN
$761M
| $518K | ﹤0.01% |
+68,823
| New | +$345K |
|
4927
PUT
DaVita
DVA
$15.4B
| $518K | ﹤0.01% |
+3,900
| New | +$535K |
|
|
PLMKU
4928
Plum Acquisition Corp IV Unit
PLMKU
| $518K | ﹤0.01% |
50,000
| – | – |
|
4929
CALL
Teladoc Health
TDOC
$1.22B
| $516K | ﹤0.01% |
66,800
-164,700
| -71% | -$1.29M |
|
4930
CALL
Xcel Energy
XEL
$48.8B
| $516K | ﹤0.01% |
6,400
-123,600
| -95% | -$8.94M |
|
4931
Latham Group
SWIM
$629M
| $515K | ﹤0.01% |
67,720
-509,524
| -88% | -$3.75M |
|
4932
SITE Centers
SITC
$225M
| $515K | ﹤0.01% |
57,113
-209,227
| -79% | -$2.22M |
|
4933
CALL
JetBlue
JBLU
$2.28B
| $514K | ﹤0.01% |
104,500
-14,400
| -12% | -$69.2K |
|
|
EFSI
4934
Eagle Financial Services Inc
EFSI
$219M
| $514K | ﹤0.01% |
13,581
+288
| +2% | +$10.2K |
|
4935
Sierra Bancorp
BSRR
$528M
| $514K | ﹤0.01% |
17,770
-11,651
| -40% | -$352K |
|
|
JCAP
4936
Jefferson Capital
JCAP
$1.24B
| $513K | ﹤0.01% |
29,706
-163,635
| -85% | -$2.91M |
|
4937
ProQR Therapeutics
PRQR
$243M
| $513K | ﹤0.01% |
240,622
-1,066,911
| -82% | -$2.33M |
|
|
MENS
4938
Jyong Biotech
MENS
$160M
| $512K | ﹤0.01% |
+13,013
| New | +$468K |
|
4939
Home Bancorp
HBCP
$561M
| $511K | ﹤0.01% |
9,409
-36,714
| -80% | -$2.01M |
|
4940
PUT
Leidos
LDOS
$14.5B
| $510K | ﹤0.01% |
2,700
-5,400
| -67% | -$940K |
|
|
LIEN
4941
Chicago Atlantic BDC
LIEN
$212M
| $510K | ﹤0.01% |
48,547
+30,718
| +172% | +$327K |
|
4942
SelectQuote
SLQT
$132M
| $509K | ﹤0.01% |
259,883
+174,809
| +205% | +$370K |
|
4943
Tactile Systems Technology
TCMD
$635M
| $508K | ﹤0.01% |
36,739
-123,314
| -77% | -$1.48M |
|
4944
Global X Uranium ETF
URA
$5.42B
| $507K | ﹤0.01% |
+10,630
| New | +$438K |
|
4945
SELLAS Life Sciences
SLS
$1.97B
| $507K | ﹤0.01% |
314,702
-812,523
| -72% | -$1.45M |
|
4946
CALL
Federal Realty Investment Trust
FRT
$10.7B
| $507K | ﹤0.01% |
5,000
-2,000
| -29% | -$193K |
|
4947
NN Inc
NNBR
$255M
| $506K | ﹤0.01% |
245,667
-118,350
| -33% | -$266K |
|
|
IOBT
4948
DELISTED
IO Biotech
IOBT
| $506K | ﹤0.01% |
+1,392,396
| New | +$2.4M |
|
4949
MetroCity Bankshares
MCBS
$1.01B
| $505K | ﹤0.01% |
18,239
+2,645
| +17% | +$76.8K |
|
4950
CALL
Motorola Solutions
MSI
$72.3B
| $503K | ﹤0.01% |
+1,100
| New | +$496K |
|
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.