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 | |
|---|---|---|---|---|---|---|
|
NIU
5076
Niu Technologies
NIU
$203M
| $408K | ﹤0.01% |
87,019
-15,904
| -15% | -$64.9K |
|
5077
ARKO Corp
ARKO
$896M
| $408K | ﹤0.01% |
89,292
-2,781
| -3% | -$13.1K |
|
|
QXO
5078
CALL
QXO Inc
QXO
$13.8B
| $408K | ﹤0.01% |
+21,400
| New | +$443K |
|
|
QXO
5079
PUT
QXO Inc
QXO
$13.8B
| $408K | ﹤0.01% |
+21,400
| New | +$443K |
|
5080
CALL
Glaukos
GKOS
$9.83B
| $408K | ﹤0.01% |
5,000
-62,500
| -93% | -$5.74M |
|
5081
Veracyte
VCYT
$3.7B
| $407K | ﹤0.01% |
11,868
-95,805
| -89% | -$2.75M |
|
5082
Definitive Healthcare
DH
$72M
| $407K | ﹤0.01% |
100,344
-158,412
| -61% | -$633K |
|
|
HELP
5083
Cybin Inc
HELP
$485M
| $407K | ﹤0.01% |
+69,101
| New | +$490K |
|
5084
Thryv Holdings
THRY
$180M
| $406K | ﹤0.01% |
+33,659
| New | +$426K |
|
5085
Montauk Renewables
MNTK
$243M
| $405K | ﹤0.01% |
201,735
-14,343
| -7% | -$30.7K |
|
5086
Entravision Communication
EVC
$1.03B
| $405K | ﹤0.01% |
174,006
+45,330
| +35% | +$110K |
|
5087
PUT
Elanco Animal Health
ELAN
$13.2B
| $403K | ﹤0.01% |
+20,000
| New | +$335K |
|
5088
iShares MBS ETF
MBB
$38.9B
| $402K | ﹤0.01% |
+4,229
| New | +$397K |
|
5089
CALL
Genuine Parts
GPC
$17.1B
| $402K | ﹤0.01% |
2,900
-1,300
| -31% | -$174K |
|
5090
CALL
Molina Healthcare
MOH
$10.2B
| $402K | ﹤0.01% |
+2,100
| New | +$387K |
|
5091
Amplify Junior Silver Miners ETF
SILJ
$3.18B
| $401K | ﹤0.01% |
17,369
-15,331
| -47% | -$268K |
|
|
NAKA
5092
Nakamoto Inc
NAKA
$82.7M
| $399K | ﹤0.01% |
+9,323
| New | +$2.96M |
|
5093
Codere Online
CDRO
$417M
| $399K | ﹤0.01% |
57,755
+24,438
| +73% | +$197K |
|
5094
Donnelley Financial Solutions
DFIN
$1.16B
| $398K | ﹤0.01% |
7,737
-184,778
| -96% | -$10.5M |
|
|
DAAQU
5095
Digital Asset Acquisition Corp Units
DAAQU
| $398K | ﹤0.01% |
37,709
| – | – |
|
5096
VanEck Vietnam ETF
VNM
$491M
| $396K | ﹤0.01% |
22,220
-123,658
| -85% | -$2.08M |
|
5097
State Street SPDR S&P 600 Small Cap Value ETF
SLYV
$4.89B
| $394K | ﹤0.01% |
4,448
-270
| -6% | -$23K |
|
|
NIQ
5098
NIQ Global Intelligence PLC
NIQ
$3.3B
| $393K | ﹤0.01% |
+25,022
| New | +$435K |
|
|
RPC
5099
Ridgepost Capital
RPC
$949M
| $392K | ﹤0.01% |
35,988
-154,121
| -81% | -$1.83M |
|
5100
Greenlight Captial
GLRE
$552M
| $392K | ﹤0.01% |
30,828
-43,132
| -58% | -$563K |
|
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.