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 | |
|---|---|---|---|---|---|---|
5101
PUT
Galicia Financial Group
GGAL
$7.99B
| $391K | ﹤0.01% |
14,200
+100
| +0.7% | +$4.29K |
|
|
PLYM
5102
CALL
DELISTED
Plymouth Industrial REIT
PLYM
| $391K | ﹤0.01% |
+17,500
| New | +$321K |
|
|
OKLO
5103
CALL
Oklo
OKLO
$6.76B
| $391K | ﹤0.01% |
+3,500
| New | +$274K |
|
5104
Sera Prognostics
SERA
$79.9M
| $389K | ﹤0.01% |
127,287
-57,277
| -31% | -$163K |
|
5105
Smith Douglas Homes
SDHC
$124M
| $389K | ﹤0.01% |
22,023
-269
| -1% | -$5.26K |
|
5106
Deluxe
DLX
$1.18B
| $388K | ﹤0.01% |
20,019
-49,983
| -71% | -$911K |
|
5107
PUT
Zebra Technologies
ZBRA
$14B
| $386K | ﹤0.01% |
+1,300
| New | +$415K |
|
5108
Greif Class B
GEF.B
$4.11B
| $386K | ﹤0.01% |
6,266
+344
| +6% | +$23.1K |
|
5109
Standard Motor Products
SMP
$851M
| $382K | ﹤0.01% |
9,361
-21,128
| -69% | -$774K |
|
5110
Alta Equipment Group
ALTG
$214M
| $381K | ﹤0.01% |
52,661
-112,866
| -68% | -$877K |
|
5111
CALL
Quest Diagnostics
DGX
$25.7B
| $381K | ﹤0.01% |
2,000
+400
| +25% | +$71K |
|
5112
Acushnet Holdings
GOLF
$5.93B
| $380K | ﹤0.01% |
4,839
-3,577
| -43% | -$278K |
|
5113
Heritage Financial
HFWA
$1.22B
| $380K | ﹤0.01% |
15,700
+1,052
| +7% | +$25.5K |
|
|
SELX
5114
DELISTED
Semilux International
SELX
| $379K | ﹤0.01% |
416,710
-1,708
| -0.4% | -$1.86K |
|
5115
PUT
Range Resources
RRC
$9.38B
| $376K | ﹤0.01% |
+10,000
| New | +$357K |
|
5116
PUT
Biohaven
BHVN
$2.03B
| $375K | ﹤0.01% |
+25,000
| New | +$364K |
|
|
SWKH
5117
DELISTED
SWK Holdings
SWKH
| $375K | ﹤0.01% |
25,763
-3,509
| -12% | -$51.9K |
|
5118
PUT
Huntington Ingalls Industries
HII
$12.9B
| $374K | ﹤0.01% |
1,300
-14,400
| -92% | -$3.84M |
|
5119
First Trust Senior Loan Fund ETF
FTSL
$2.32B
| $374K | ﹤0.01% |
+8,151
| New | +$375K |
|
5120
Vesta Real Estate
VTMX
$3.2B
| $372K | ﹤0.01% |
+13,144
| New | +$361K |
|
5121
Meridian
MRBK
$234M
| $371K | ﹤0.01% |
23,479
-45,375
| -66% | -$681K |
|
5122
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$848M
| $371K | ﹤0.01% |
2,400
-1,880
| -44% | -$186K |
|
5123
Steven Madden
SHOO
$3.37B
| $371K | ﹤0.01% |
+11,068
| New | +$310K |
|
5124
Century Therapeutics
IPSC
$364M
| $370K | ﹤0.01% |
743,781
-68,432
| -8% | -$36.9K |
|
|
DVS
5125
DELISTED
Dolly Varden Silver Corp
DVS
| $370K | ﹤0.01% |
+73,810
| New | +$284K |
|
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.