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 | |
|---|---|---|---|---|---|---|
5251
Northwest Natural Holdings
NWN
$2.06B
| $278K | ﹤0.01% |
6,186
-2,992
| -33% | -$124K |
|
|
EXE
5252
PUT
Expand Energy Corp
EXE
$21.8B
| $276K | ﹤0.01% |
+2,600
| New | +$261K |
|
5253
American Well
AMWL
$180M
| $276K | ﹤0.01% |
44,893
-67,715
| -60% | -$498K |
|
5254
CALL
Alcon
ALC
$33.6B
| $276K | ﹤0.01% |
3,700
+1,200
| +48% | +$100K |
|
|
BRR
5255
ProCap Financial Inc
BRR
$154M
| $276K | ﹤0.01% |
+27,238
| New | +$280K |
|
|
CCIXW
5256
CALL
DELISTED
Churchill Capital Corp IX Warrant
CCIXW
| $275K | ﹤0.01% |
352,118
| – | – |
|
|
PPIH
5257
Perma-Pipe International
PPIH
$196M
| $275K | ﹤0.01% |
11,716
-1,369
| -10% | -$35.4K |
|
5258
CALL
AC Immune
ACIU
$223M
| $274K | ﹤0.01% |
+94,900
| New | +$214K |
|
5259
Five Star Bancorp
FSBC
$1.14B
| $273K | ﹤0.01% |
8,490
-56,567
| -87% | -$1.78M |
|
5260
Star Group
SGU
$412M
| $273K | ﹤0.01% |
23,036
-16,622
| -42% | -$194K |
|
5261
PUT
Oshkosh
OSK
$8.79B
| $272K | ﹤0.01% |
2,100
-4,000
| -66% | -$531K |
|
5262
908 Devices
MASS
$329M
| $272K | ﹤0.01% |
31,063
-51,636
| -62% | -$343K |
|
|
PMTRW
5263
CALL
Perimeter Acquisition Corp I Warrant
PMTRW
$10.8M
| $272K | ﹤0.01% |
453,106
+149,648
| +49% | +$94.2K |
|
5264
System1
SST
$14.3M
| $271K | ﹤0.01% |
38,561
-4,217
| -10% | -$29.1K |
|
5265
PUT
Vodafone
VOD
$36.3B
| $271K | ﹤0.01% |
23,400
| – | – |
|
5266
Bankwell Financial Group
BWFG
$543M
| $271K | ﹤0.01% |
+6,127
| New | +$251K |
|
5267
NACCO Industries
NC
$357M
| $270K | ﹤0.01% |
6,394
-1,461
| -19% | -$57.9K |
|
5268
PUT
SL Green Realty
SLG
$3.76B
| $269K | ﹤0.01% |
+4,500
| New | +$266K |
|
|
CCRD
5269
DELISTED
CoreCard
CCRD
| $269K | ﹤0.01% |
9,988
+843
| +9% | +$23.3K |
|
5270
First Bancorp
FNLC
$396M
| $268K | ﹤0.01% |
10,211
-4,578
| -31% | -$121K |
|
|
LHAI
5271
Linkhome Holdings
LHAI
$14.2M
| $268K | ﹤0.01% |
+29,588
| New | +$231K |
|
5272
Yext
YEXT
$547M
| $268K | ﹤0.01% |
31,462
-260,581
| -89% | -$2.21M |
|
5273
Gyre Therapeutics
GYRE
$641M
| $267K | ﹤0.01% |
+35,751
| New | +$271K |
|
5274
BlackRock Resources & Commodities Strategy Trust
BCX
$902M
| $267K | ﹤0.01% |
+26,209
| New | +$257K |
|
5275
PUT
Joby Aviation
JOBY
$7.03B
| $266K | ﹤0.01% |
+16,500
| New | +$251K |
|
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.