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 | |
|---|---|---|---|---|---|---|
4951
indie Semiconductor
INDI
$682M
| $503K | ﹤0.01% |
123,467
-1,272,297
| -91% | -$5.24M |
|
|
SLSR
4952
Solaris Resources
SLSR
$1.26B
| $499K | ﹤0.01% |
78,267
-160,438
| -67% | -$852K |
|
4953
PUT
Vanda Pharmaceuticals
VNDA
$307M
| $499K | ﹤0.01% |
+100,000
| New | +$463K |
|
|
WRN
4954
Western Copper and Gold
WRN
$460M
| $499K | ﹤0.01% |
253,027
+87,024
| +52% | +$124K |
|
|
API
4955
Agora
API
$338M
| $498K | ﹤0.01% |
130,393
-50,865
| -28% | -$192K |
|
4956
PUT
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$154M
| $497K | ﹤0.01% |
+15,000
| New | +$593K |
|
4957
First Community Corp
FCCO
$321M
| $497K | ﹤0.01% |
17,597
-53,603
| -75% | -$1.42M |
|
4958
Kornit Digital
KRNT
$705M
| $496K | ﹤0.01% |
36,774
-104,586
| -74% | -$1.78M |
|
4959
Triumph Financial Inc
TFIN
$1.81B
| $496K | ﹤0.01% |
9,920
-6,311
| -39% | -$372K |
|
|
RC
4960
CALL
Ready Capital
RC
$258M
| $496K | ﹤0.01% |
+128,100
| New | +$541K |
|
4961
CPI Card Group
PMTS
$242M
| $496K | ﹤0.01% |
32,744
+15,856
| +94% | +$282K |
|
|
EXOD
4962
Exodus Movement Inc
EXOD
$161M
| $495K | ﹤0.01% |
17,812
+5,651
| +46% | +$167K |
|
4963
American Express Global Business Travel
GBTG
$4.93B
| $494K | ﹤0.01% |
61,136
-175,224
| -74% | -$1.3M |
|
4964
Chefs' Warehouse
CHEF
$4.71B
| $493K | ﹤0.01% |
8,459
-327,552
| -97% | -$20.9M |
|
|
FBRT
4965
Franklin BSP Realty Trust
FBRT
$630M
| $491K | ﹤0.01% |
45,256
+32,398
| +252% | +$357K |
|
4966
Immunome
IMNM
$2.58B
| $490K | ﹤0.01% |
41,884
-71,668
| -63% | -$713K |
|
4967
RCM Technologies
RCMT
$201M
| $490K | ﹤0.01% |
18,470
-34,156
| -65% | -$876K |
|
4968
Seer Inc
SEER
$122M
| $488K | ﹤0.01% |
225,064
-116,878
| -34% | -$249K |
|
4969
PUT
Uranium Energy
UEC
$4.75B
| $488K | ﹤0.01% |
36,600
-54,400
| -60% | -$544K |
|
4970
Spok Holdings
SPOK
$228M
| $488K | ﹤0.01% |
28,293
-11,435
| -29% | -$204K |
|
4971
CALL
Antero Midstream
AM
$10.4B
| $486K | ﹤0.01% |
25,000
| – | – |
|
|
4972
PUT
Antero Midstream
AM
$10.4B
| $486K | ﹤0.01% |
25,000
-1,100
| -4% | -$19.9K |
|
|
ECO
4973
Okeanis Eco Tankers
ECO
$2.36B
| $486K | ﹤0.01% |
+16,604
| New | +$432K |
|
4974
LanzaTech
LNZA
$61.2M
| $485K | ﹤0.01% |
19,774
-3,835
| -16% | -$110K |
|
4975
Seanergy Maritime Holdings
SHIP
$379M
| $484K | ﹤0.01% |
+58,548
| New | +$444K |
|
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.