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 | |
|---|---|---|---|---|---|---|
5301
Landmark Bancorp
LARK
$191M
| $256K | ﹤0.01% |
+10,087
| New | +$253K |
|
|
SSK
5302
REX-Osprey SOL + Staking ETF
SSK
$69.2M
| $256K | ﹤0.01% |
+8,000
| New | +$242K |
|
5303
Boston Omaha
BOC
$428M
| $256K | ﹤0.01% |
19,545
-18,098
| -48% | -$243K |
|
5304
HF Foods Group
HFFG
$80.2M
| $255K | ﹤0.01% |
92,278
-24,530
| -21% | -$78.4K |
|
|
TBRG
5305
DELISTED
TruBridge
TBRG
| $254K | ﹤0.01% |
+12,589
| New | +$265K |
|
|
AD
5306
Array Digital Infrastructure
AD
$3.01B
| $253K | ﹤0.01% |
5,063
-511,043
| -99% | -$31.7M |
|
5307
Melco Resorts & Entertainment
MLCO
$2.22B
| $253K | ﹤0.01% |
+27,565
| New | +$252K |
|
5308
Western New England Bancorp
WNEB
$259M
| $252K | ﹤0.01% |
21,012
-18,418
| -47% | -$210K |
|
5309
CALL
Whirlpool
WHR
$2.43B
| $252K | ﹤0.01% |
+3,200
| New | +$294K |
|
5310
Autohome
ATHM
$2.67B
| $251K | ﹤0.01% |
8,795
-2,806
| -24% | -$79.3K |
|
5311
Harvard Bioscience
HBIO
$27.5M
| $251K | ﹤0.01% |
57,170
-6,817
| -11% | -$32.3K |
|
5312
Coca-Cola Femsa
KOF
$22.7B
| $250K | ﹤0.01% |
3,013
-12,957
| -81% | -$1.12M |
|
5313
CALL
Vanda Pharmaceuticals
VNDA
$307M
| $250K | ﹤0.01% |
+50,100
| New | +$232K |
|
5314
Elicio Therapeutics
ELTX
$73.5M
| $250K | ﹤0.01% |
+22,846
| New | +$231K |
|
5315
Standex International
SXI
$3.59B
| $250K | ﹤0.01% |
1,179
-25,987
| -96% | -$4.91M |
|
|
FMFC
5316
Kandal M Venture Ltd
FMFC
$9.59M
| $250K | ﹤0.01% |
+16,961
| New | +$152K |
|
5317
C&F Financial
CFFI
$268M
| $249K | ﹤0.01% |
3,700
-4,614
| -55% | -$313K |
|
5318
PUT
Boot Barn
BOOT
$4.51B
| $249K | ﹤0.01% |
1,500
-3,800
| -72% | -$655K |
|
5319
CALL
Dave Inc Warrants
DAVEW
$25.5M
| $248K | ﹤0.01% |
229,025
| – | – |
|
|
BNT
5320
Brookfield Wealth Solutions
BNT
$11.8B
| $248K | ﹤0.01% |
5,427
-58,176
| -91% | -$2.58M |
|
5321
WPP
WPP
$4.36B
| $247K | ﹤0.01% |
+9,874
| New | +$270K |
|
5322
Gran Tierra Energy
GTE
$265M
| $247K | ﹤0.01% |
56,843
+30,591
| +117% | +$130K |
|
5323
Biglari Holdings Class A
BH.A
$1.25B
| $246K | ﹤0.01% |
+159
| New | +$238K |
|
5324
EverCommerce
EVCM
$2.18B
| $245K | ﹤0.01% |
22,027
-52,643
| -71% | -$588K |
|
5325
Distribution Solutions Group
DSGR
$1.6B
| $245K | ﹤0.01% |
+8,149
| New | +$249K |
|
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.