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 | |
|---|---|---|---|---|---|---|
4976
CALL
Texas Roadhouse
TXRH
$13.5B
| $482K | ﹤0.01% |
2,900
+1,100
| +61% | +$194K |
|
4977
NovaGold Resources
NG
$2.56B
| $482K | ﹤0.01% |
54,483
-541,866
| -91% | -$3.31M |
|
4978
Bridgewater Bancshares
BWB
$571M
| $481K | ﹤0.01% |
27,307
-76,857
| -74% | -$1.26M |
|
4979
iShares Russell 1000 Value ETF
IWD
$82.2B
| $480K | ﹤0.01% |
2,356
-25,285
| -91% | -$5.03M |
|
4980
iShares Core US REIT ETF
USRT
$4.62B
| $479K | ﹤0.01% |
8,150
-42,637
| -84% | -$2.45M |
|
4981
PUT
Tyson Foods
TSN
$20.4B
| $478K | ﹤0.01% |
8,800
-12,100
| -58% | -$668K |
|
4982
First Bank
FRBA
$464M
| $478K | ﹤0.01% |
29,323
+13,509
| +85% | +$216K |
|
4983
Riley Exploration Permian
REPX
$744M
| $477K | ﹤0.01% |
+17,607
| New | +$481K |
|
4984
Gentherm
THRM
$1.25B
| $477K | ﹤0.01% |
13,999
-223,902
| -94% | -$7.57M |
|
4985
CALL
Rigetti Computing
RGTI
$4.97B
| $477K | ﹤0.01% |
16,000
-109,400
| -87% | -$1.92M |
|
4986
Oak Valley Bancorp
OVLY
$285M
| $476K | ﹤0.01% |
16,887
+4,503
| +36% | +$126K |
|
4987
CALL
Fabrinet
FN
$15.6B
| $474K | ﹤0.01% |
1,300
-800
| -38% | -$263K |
|
|
OMSE
4988
OMS Energy Technologies
OMSE
$179M
| $474K | ﹤0.01% |
+111,476
| New | +$703K |
|
4989
Citizens Community Bancorp
CZWI
$212M
| $473K | ﹤0.01% |
29,448
-19,679
| -40% | -$308K |
|
|
TMCWW
4990
CALL
TMC The Metals Company Warrants
TMCWW
$420K
| $472K | ﹤0.01% |
450,000
| – | – |
|
4991
RLX Technology
RLX
$2.47B
| $472K | ﹤0.01% |
179,557
-714,854
| -80% | -$1.7M |
|
4992
CALL
Shift4
FOUR
$4.2B
| $472K | ﹤0.01% |
6,100
-1,500
| -20% | -$139K |
|
4993
PUT
Commault Systems
CVLT
$4.88B
| $472K | ﹤0.01% |
2,500
-6,000
| -71% | -$1.08M |
|
4994
Silvercrest Asset Management
SAMG
$79M
| $471K | ﹤0.01% |
29,928
+6,753
| +29% | +$110K |
|
4995
Soluna Holdings
SLNH
$192M
| $471K | ﹤0.01% |
+200,279
| New | +$169K |
|
|
UCB
4996
United Community Banks
UCB
$4.24B
| $471K | ﹤0.01% |
15,010
-65,857
| -81% | -$2.08M |
|
4997
Clean Energy Fuels
CLNE
$427M
| $469K | ﹤0.01% |
181,877
-1,625,205
| -90% | -$3.8M |
|
4998
Immunic
IMUX
$190M
| $468K | ﹤0.01% |
53,047
+42,736
| +414% | +$377K |
|
4999
Galectin Therapeutics
GALT
$196M
| $468K | ﹤0.01% |
110,422
-34,106
| -24% | -$128K |
|
5000
Mid Penn Bancorp
MPB
$971M
| $467K | ﹤0.01% |
+16,304
| New | +$474K |
|
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.