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 | |
|---|---|---|---|---|---|---|
|
IPCXR
5151
Inflection Point Acquisition Corp III Rights
IPCXR
| $352K | ﹤0.01% |
799,862
+220,000
| +38% | +$85.5K |
|
5152
Organogenesis Holdings
ORGO
$305M
| $351K | ﹤0.01% |
83,228
-55,752
| -40% | -$259K |
|
|
BEAGR
5153
Bold Eagle Acquisition Corp Right
BEAGR
| $351K | ﹤0.01% |
1,300,000
| – | – |
|
5154
CALL
Clear Secure
YOU
$5.57B
| $350K | ﹤0.01% |
10,500
-36,800
| -78% | -$1.22M |
|
|
AHRT
5155
AH Realty Trust
AHRT
$529M
| $350K | ﹤0.01% |
49,975
-117,380
| -70% | -$832K |
|
5156
Telecom Argentina
TEO
$6.03B
| $350K | ﹤0.01% |
48,156
-23,003
| -32% | -$199K |
|
5157
Cato Corp
CATO
$68.3M
| $350K | ﹤0.01% |
83,078
-22,108
| -21% | -$77.8K |
|
5158
Pioneer Bancorp
PBFS
$432M
| $347K | ﹤0.01% |
26,606
+12,375
| +87% | +$158K |
|
5159
Oaktree Specialty Lending
OCSL
$1.02B
| $347K | ﹤0.01% |
+26,575
| New | +$366K |
|
5160
Hawaiian Electric Industries
HE
$2.23B
| $346K | ﹤0.01% |
31,354
-1,128,751
| -97% | -$12.9M |
|
5161
PUT
Kinross Gold
KGC
$27.4B
| $345K | ﹤0.01% |
13,900
-22,200
| -61% | -$427K |
|
5162
Eton Pharmaceutcials
ETON
$1.27B
| $345K | ﹤0.01% |
+15,862
| New | +$263K |
|
|
RNAM
5163
PUT
DELISTED
Avidity Biosciences
RNAM
| $344K | ﹤0.01% |
7,900
-7,100
| -47% | -$287K |
|
5164
Baxter International
BAX
$13.5B
| $344K | ﹤0.01% |
15,115
-1,048,359
| -99% | -$26.6M |
|
5165
Ultralife
ULBI
$86.4M
| $342K | ﹤0.01% |
50,174
-46,457
| -48% | -$352K |
|
|
CTRA
5166
CALL
DELISTED
Coterra Energy
CTRA
| $341K | ﹤0.01% |
14,400
+1,700
| +13% | +$41K |
|
|
PCAP
5167
ProCap Acquisition Corp
PCAP
$327M
| $339K | ﹤0.01% |
+33,000
| New | +$340K |
|
5168
ReposiTrak
TRAK
$153M
| $337K | ﹤0.01% |
22,762
-6,782
| -23% | -$118K |
|
5169
Hawthorn Bancshares
HWBK
$269M
| $337K | ﹤0.01% |
10,862
-8,780
| -45% | -$267K |
|
5170
Plumas Bancorp
PLBC
$427M
| $337K | ﹤0.01% |
7,806
-2,007
| -20% | -$86.8K |
|
5171
PUT
Nasdaq
NDAQ
$52.7B
| $336K | ﹤0.01% |
3,800
-33,200
| -90% | -$3.08M |
|
5172
Acrivon Therapeutics
ACRV
$64.2M
| $335K | ﹤0.01% |
185,234
-111,005
| -37% | -$156K |
|
5173
Value Line
VALU
$321M
| $334K | ﹤0.01% |
+8,552
| New | +$327K |
|
|
LOMA
5174
Loma Negra
LOMA
$1.34B
| $334K | ﹤0.01% |
45,318
+26,810
| +145% | +$267K |
|
5175
PUT
Rambus
RMBS
$9.87B
| $333K | ﹤0.01% |
+3,200
| New | +$247K |
|
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.