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 | |
|---|---|---|---|---|---|---|
5126
PUT
International Flavors & Fragrances
IFF
$20.2B
| $369K | ﹤0.01% |
+6,000
| New | +$412K |
|
5127
First Mid Bancshares
FMBH
$1.39B
| $369K | ﹤0.01% |
9,740
-20,962
| -68% | -$818K |
|
5128
Xponential Fitness
XPOF
$273M
| $369K | ﹤0.01% |
47,347
-645,201
| -93% | -$5.88M |
|
5129
ProShares S&P 500 Dividend Aristocrats ETF
NOBL
$11.7B
| $369K | ﹤0.01% |
7,152
-1,174
| -14% | -$60.7K |
|
5130
CALL
Novavax
NVAX
$1.2B
| $368K | ﹤0.01% |
+42,500
| New | +$331K |
|
5131
Nexa Resources
NEXA
$1.7B
| $365K | ﹤0.01% |
73,190
+40,535
| +124% | +$199K |
|
5132
Citizens Financial Services
CZFS
$373M
| $365K | ﹤0.01% |
+6,048
| New | +$362K |
|
5133
CI&T Inc
CINT
$431M
| $365K | ﹤0.01% |
70,780
+38,460
| +119% | +$208K |
|
5134
Kaltura
KLTR
$206M
| $364K | ﹤0.01% |
253,000
-250,905
| -50% | -$423K |
|
5135
PUT
Copart
CPRT
$27B
| $364K | ﹤0.01% |
8,100
-58,000
| -88% | -$2.73M |
|
5136
Taboola.com
TBLA
$1.37B
| $364K | ﹤0.01% |
106,796
+62,957
| +144% | +$216K |
|
|
FIG
5137
Figma
FIG
$12.9B
| $363K | ﹤0.01% |
+7,000
| New | +$481K |
|
5138
PUT
CBRE Group
CBRE
$42.5B
| $362K | ﹤0.01% |
2,300
-21,700
| -90% | -$3.36M |
|
|
CNCK
5139
Coincheck Group
CNCK
$345M
| $362K | ﹤0.01% |
78,238
+15,710
| +25% | +$79.7K |
|
|
CRESY
5140
Cresud
CRESY
$795M
| $362K | ﹤0.01% |
39,707
-17,098
| -30% | -$176K |
|
5141
KRONOS Worldwide
KRO
$693M
| $360K | ﹤0.01% |
62,712
-28,019
| -31% | -$170K |
|
5142
Lear
LEA
$6.54B
| $359K | ﹤0.01% |
3,568
-159,021
| -98% | -$16.5M |
|
5143
Theravance Biopharma
TBPH
$874M
| $358K | ﹤0.01% |
24,492
-19,315
| -44% | -$244K |
|
5144
Bel Fuse Inc Class A
BELFA
$3.17B
| $358K | ﹤0.01% |
+3,073
| New | +$338K |
|
5145
CALL
GoDaddy
GDDY
$11B
| $356K | ﹤0.01% |
2,600
-5,200
| -67% | -$800K |
|
5146
PUT
Larimar Therapeutics
LRMR
$397M
| $355K | ﹤0.01% |
+110,000
| New | +$412K |
|
5147
InspireMD
NSPR
$30.4M
| $355K | ﹤0.01% |
147,423
+130,405
| +766% | +$316K |
|
|
SBR
5148
Sabine Royalty Trust
SBR
$1.06B
| $355K | ﹤0.01% |
+4,470
| New | +$319K |
|
5149
Independence Realty Trust
IRT
$3.92B
| $355K | ﹤0.01% |
+21,656
| New | +$375K |
|
|
CMPOW
5150
CALL
DELISTED
CompoSecure Inc Warrant
CMPOW
| $352K | ﹤0.01% |
27,500
| – | – |
|
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.