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 | |
|---|---|---|---|---|---|---|
5351
PUT
Flex
FLEX
$41.7B
| $232K | ﹤0.01% |
4,000
-2,400
| -38% | -$128K |
|
|
FFC
5352
Flaherty & Crumrine Preferred and Income Securities Fund
FFC
$777M
| $232K | ﹤0.01% |
+13,723
| New | +$226K |
|
5353
iShares Core MSCI EAFE ETF
IEFA
$190B
| $230K | ﹤0.01% |
2,635
-5,254
| -67% | -$446K |
|
|
IIF
5354
Morgan Stanley India Investment Fund
IIF
$217M
| $230K | ﹤0.01% |
+8,721
| New | +$237K |
|
5355
RBC Bearings
RBC
$17.4B
| $229K | ﹤0.01% |
+588
| New | +$229K |
|
|
HIMX
5356
Himax Technologies
HIMX
$2.19B
| $229K | ﹤0.01% |
25,948
-6,158
| -19% | -$52.8K |
|
5357
Titan International
TWI
$466M
| $228K | ﹤0.01% |
30,097
-10,931
| -27% | -$97.5K |
|
5358
CALL
Aurora
AUR
$12.6B
| $227K | ﹤0.01% |
+42,100
| New | +$247K |
|
|
5359
PUT
Aurora
AUR
$12.6B
| $227K | ﹤0.01% |
+42,100
| New | +$247K |
|
|
HFRO
5360
Highland Opportunities and Income Fund
HFRO
$417M
| $227K | ﹤0.01% |
+35,717
| New | +$209K |
|
|
INN
5361
Summit Hotel Properties
INN
$746M
| $227K | ﹤0.01% |
41,291
-272,445
| -87% | -$1.49M |
|
5362
CALL
Larimar Therapeutics
LRMR
$397M
| $226K | ﹤0.01% |
+70,000
| New | +$262K |
|
|
CTNM
5363
CALL
Contineum Therapeutics
CTNM
$579M
| $226K | ﹤0.01% |
+19,200
| New | +$155K |
|
5364
Peoples Financial Services
PFIS
$704M
| $226K | ﹤0.01% |
4,640
-22,840
| -83% | -$1.17M |
|
|
CVAC
5365
DELISTED
CureVac
CVAC
| $225K | ﹤0.01% |
41,804
-42,001
| -50% | -$227K |
|
5366
Veritone
VERI
$101M
| $225K | ﹤0.01% |
+46,588
| New | +$135K |
|
|
DYNCW
5367
CALL
Dynamix Corp Warrant
DYNCW
| $224K | ﹤0.01% |
106,364
-118,636
| -53% | -$228K |
|
5368
PUT
WillScot Mobile Mini Holdings
WSC
$4.39B
| $224K | ﹤0.01% |
10,600
-13,000
| -55% | -$335K |
|
5369
CALL
Vista Energy
VIST
$7.84B
| $224K | ﹤0.01% |
6,500
-220,000
| -97% | -$9.1M |
|
5370
Alpha Teknova
TKNO
$268M
| $223K | ﹤0.01% |
36,088
-210,616
| -85% | -$990K |
|
|
EVV
5371
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
| $223K | ﹤0.01% |
+22,000
| New | +$224K |
|
5372
Rimini Street
RMNI
$445M
| $223K | ﹤0.01% |
47,548
-243,999
| -84% | -$1.08M |
|
|
ZH
5373
Zhihu
ZH
$281M
| $222K | ﹤0.01% |
43,857
-256,833
| -85% | -$1.21M |
|
5374
CALL
United States Natural Gas Fund
UNG
$456M
| $222K | ﹤0.01% |
+17,000
| New | +$228K |
|
5375
X4 Pharmaceuticals
XFOR
$375M
| $222K | ﹤0.01% |
64,795
-13,266
| -17% | -$34.2K |
|
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.