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 | |
|---|---|---|---|---|---|---|
5201
John Wiley & Sons Class A
WLY
$2.65B
| $313K | ﹤0.01% |
7,736
-129,496
| -94% | -$5.23M |
|
|
FLG
5202
PUT
Flagstar Bank National Association
FLG
$5.93B
| $313K | ﹤0.01% |
27,100
-86,100
| -76% | -$1.02M |
|
|
BULL
5203
PUT
Webull Corp
BULL
$3.75B
| $312K | ﹤0.01% |
+21,100
| New | +$301K |
|
5204
374Water
SCWO
$38.1M
| $311K | ﹤0.01% |
108,400
-10,766
| -9% | -$29.5K |
|
5205
Verrica Pharmaceuticals
VRCA
$89.7M
| $310K | ﹤0.01% |
71,990
-18,718
| -21% | -$113K |
|
5206
CALL
AnaptysBio
ANAB
$1.58B
| $309K | ﹤0.01% |
+10,100
| New | +$232K |
|
5207
Telomir Pharmaceuticals
TELO
$83.2M
| $309K | ﹤0.01% |
222,404
-25,295
| -10% | -$38.1K |
|
5208
PUT
Yum China
YUMC
$16.5B
| $309K | ﹤0.01% |
7,200
-10,900
| -60% | -$496K |
|
|
MOMO
5209
Hello Group
MOMO
$885M
| $308K | ﹤0.01% |
41,562
+8,854
| +27% | +$72.4K |
|
5210
Beyond Meat
BYND
$292M
| $307K | ﹤0.01% |
162,459
+14,365
| +10% | +$42.3K |
|
|
PGRE
5211
DELISTED
Paramount Group
PGRE
| $307K | ﹤0.01% |
+46,948
| New | +$312K |
|
5212
Royce Value Trust
RVT
$2.2B
| $306K | ﹤0.01% |
+19,000
| New | +$298K |
|
|
FBLA
5213
FB Bancorp
FBLA
$248M
| $306K | ﹤0.01% |
25,449
-21,662
| -46% | -$256K |
|
5214
LCNB Corp
LCNB
$282M
| $305K | ﹤0.01% |
20,365
-5,986
| -23% | -$92.4K |
|
5215
Woodside Energy
WDS
$44.6B
| $305K | ﹤0.01% |
20,247
-559,198
| -97% | -$9.22M |
|
5216
PUT
Starwood Property Trust
STWD
$5.92B
| $304K | ﹤0.01% |
15,700
+2,800
| +22% | +$56.4K |
|
|
OPFI.WS
5217
CALL
DELISTED
OppFi Inc Warrants
OPFI.WS
| $304K | ﹤0.01% |
135,150
| – | – |
|
5218
CALL
Restaurant Brands International
QSR
$25.7B
| $301K | ﹤0.01% |
+4,700
| New | +$309K |
|
5219
vTv Therapeutics
VTVT
$127M
| $301K | ﹤0.01% |
12,935
-2,107
| -14% | -$37K |
|
5220
MBIA
MBI
$261M
| $300K | ﹤0.01% |
40,314
-6,539
| -14% | -$41.5K |
|
5221
CALL
Dover
DOV
$27.6B
| $300K | ﹤0.01% |
1,800
-3,000
| -63% | -$538K |
|
5222
Perella Weinberg Partners
PWP
$1.29B
| $298K | ﹤0.01% |
+13,980
| New | +$299K |
|
|
YSG
5223
Yatsen Holding
YSG
$322M
| $296K | ﹤0.01% |
32,718
-1,574
| -5% | -$15K |
|
5224
Shutterstock
SSTK
$198M
| $295K | ﹤0.01% |
14,169
-518,701
| -97% | -$10.6M |
|
5225
Invesco National AMT-Free Municipal Bond ETF
PZA
$4.22B
| $295K | ﹤0.01% |
+12,785
| New | +$286K |
|
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.