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 | |
|---|---|---|---|---|---|---|
5026
Banco Santander
SAN
$201B
| $444K | ﹤0.01% |
42,386
-65,082
| -61% | -$606K |
|
|
NYXH
5027
Nyxoah
NYXH
$140M
| $443K | ﹤0.01% |
96,410
-18,616
| -16% | -$122K |
|
5028
CALL
Archer Aviation Redeemable Warrants
ACHR.WS
$18.3M
| $443K | ﹤0.01% |
202,466
| – | – |
|
5029
PUT
Tronox
TROX
$932M
| $442K | ﹤0.01% |
+110,000
| New | +$503K |
|
5030
Citizens & Northern Corp
CZNC
$456M
| $442K | ﹤0.01% |
22,320
+4,372
| +24% | +$86.1K |
|
5031
Medallion Financial
MFIN
$229M
| $440K | ﹤0.01% |
43,528
+8,565
| +24% | +$87.3K |
|
5032
Smith-Midland
SMID
$144M
| $439K | ﹤0.01% |
11,905
-3,027
| -20% | -$117K |
|
5033
PUT
Cencora
COR
$60.6B
| $438K | ﹤0.01% |
1,400
-1,200
| -46% | -$353K |
|
|
MBX
5034
CALL
MBX Biosciences
MBX
$3.14B
| $438K | ﹤0.01% |
25,000
-26,300
| -51% | -$352K |
|
5035
CALL
iShares Expanded Tech-Software Sector ETF
IGV
$12.7B
| $437K | ﹤0.01% |
3,800
-100,000
| -96% | -$11.1M |
|
5036
Lifeway Foods
LWAY
$455M
| $436K | ﹤0.01% |
+15,709
| New | +$442K |
|
5037
CALL
Matador Resources
MTDR
$6.2B
| $436K | ﹤0.01% |
9,700
-21,800
| -69% | -$1.06M |
|
5038
NerdWallet
NRDS
$592M
| $435K | ﹤0.01% |
40,443
-422,733
| -91% | -$4.5M |
|
5039
PUT
Dover
DOV
$27.6B
| $434K | ﹤0.01% |
2,600
-3,700
| -59% | -$664K |
|
5040
Roadzen
RDZN
$97.2M
| $434K | ﹤0.01% |
502,007
-72,792
| -13% | -$75.9K |
|
|
HTT
5041
High Templar Tech Ltd
HTT
$379M
| $433K | ﹤0.01% |
101,349
-87,462
| -46% | -$351K |
|
|
COSO
5042
CoastalSouth Bancshares
COSO
$327M
| $432K | ﹤0.01% |
+19,807
| New | +$428K |
|
5043
PLAYSTUDIOS Inc
MYPS
$77.9M
| $432K | ﹤0.01% |
448,417
-87,513
| -16% | -$94.2K |
|
5044
Waterstone Financial
WSBF
$370M
| $431K | ﹤0.01% |
27,654
+9,041
| +49% | +$130K |
|
5045
PUT
New Oriental
EDU
$9.37B
| $430K | ﹤0.01% |
+8,100
| New | +$400K |
|
5046
Northern Technologies International Corp
NTIC
$76.2M
| $430K | ﹤0.01% |
55,718
-14,629
| -21% | -$114K |
|
5047
PUT
AutoZone
AZO
$49.2B
| $429K | ﹤0.01% |
100
-600
| -86% | -$2.41M |
|
5048
LiveOne
LVO
$61.7M
| $429K | ﹤0.01% |
103,865
-9,102
| -8% | -$56.4K |
|
5049
PIMCO Corporate & Income Opportunity Fund
PTY
$2.48B
| $429K | ﹤0.01% |
29,706
-14,367
| -33% | -$202K |
|
5050
CALL
Eastman Chemical
EMN
$8B
| $429K | ﹤0.01% |
6,800
-2,200
| -24% | -$154K |
|
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.