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 | |
|---|---|---|---|---|---|---|
5376
CALL
Forward Air
FWRD
$444M
| $221K | ﹤0.01% |
+8,600
| New | +$247K |
|
5377
CALL
XPeng
XPEV
$12.4B
| $220K | ﹤0.01% |
9,400
-433,600
| -98% | -$8.7M |
|
5378
Cornerstone Strategic Value Fund
CLM
$2.22B
| $220K | ﹤0.01% |
26,574
| – | – |
|
|
JEQ
5379
DELISTED
abrdn Japan Equity Fund
JEQ
| $219K | ﹤0.01% |
27,855
-48,732
| -64% | -$387K |
|
|
TACHW
5380
CALL
Titan Acquisition Corp Warrants
TACHW
$8M
| $219K | ﹤0.01% |
728,000
+248,000
| +52% | +$72.6K |
|
|
SBC
5381
SBC Medical Group
SBC
$314M
| $219K | ﹤0.01% |
+50,461
| New | +$228K |
|
|
LNKB
5382
DELISTED
LINKBANCORP
LNKB
| $219K | ﹤0.01% |
30,715
-10,308
| -25% | -$74.7K |
|
|
GHY
5383
PGIM Global High Yield Fund
GHY
$478M
| $219K | ﹤0.01% |
+17,000
| New | +$225K |
|
|
AIIO
5384
Robo.ai Inc
AIIO
$469M
| $218K | ﹤0.01% |
+4,162
| New | +$126K |
|
5385
PUT
Noble Corp
NE
$6.77B
| $218K | ﹤0.01% |
+7,700
| New | +$218K |
|
5386
Vista Gold
VGZ
$251M
| $216K | ﹤0.01% |
+101,626
| New | +$132K |
|
|
NEUP
5387
Neuphoria Therapeutics
NEUP
$21M
| $216K | ﹤0.01% |
+18,329
| New | +$170K |
|
|
KLC
5388
KinderCare Learning Companies
KLC
$634M
| $216K | ﹤0.01% |
32,529
-1,098,699
| -97% | -$9.22M |
|
|
LOKVW
5389
CALL
DELISTED
Live Oak Acquisition Corp V Warrants
LOKVW
| $214K | ﹤0.01% |
395,600
+170,600
| +76% | +$94.4K |
|
5390
PUT
Eastman Chemical
EMN
$8B
| $214K | ﹤0.01% |
+3,400
| New | +$237K |
|
5391
SB Financial Group
SBFG
$164M
| $214K | ﹤0.01% |
11,105
-5,753
| -34% | -$117K |
|
|
PL.WS
5392
CALL
DELISTED
Planet Labs PBC Warrants
PL.WS
| $214K | ﹤0.01% |
60,000
-10,619
| -15% | -$15.4K |
|
5393
Costamare
CMRE
$1.88B
| $214K | ﹤0.01% |
17,981
-625,041
| -97% | -$6.84M |
|
5394
International General Insurance
IGIC
$1.19B
| $213K | ﹤0.01% |
+9,192
| New | +$220K |
|
5395
CALL
Klaviyo
KVYO
$5.34B
| $213K | ﹤0.01% |
+7,700
| New | +$249K |
|
5396
Dominari Holdings
DOMH
$57.4M
| $213K | ﹤0.01% |
+30,000
| New | +$175K |
|
|
HUT
5397
PUT
Hut 8
HUT
$12.1B
| $212K | ﹤0.01% |
+6,100
| New | +$155K |
|
|
DAIC
5398
CID HoldCo Inc
DAIC
$799K
| $211K | ﹤0.01% |
+3,328
| New | +$384K |
|
5399
Malibu Boats
MBUU
$541M
| $211K | ﹤0.01% |
+6,507
| New | +$222K |
|
5400
CALL
Global E Online
GLBE
$6.6B
| $211K | ﹤0.01% |
+5,900
| New | +$201K |
|
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.