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 | |
|---|---|---|---|---|---|---|
5451
PUT
TaskUs
TASK
$556M
| $180K | ﹤0.01% |
+10,100
| New | +$175K |
|
5452
CALL
Bakkt Inc Warrants
BKKT.WS
$321K
| $180K | ﹤0.01% |
400,000
| – | – |
|
5453
Liberty Latin America Class C
LILAK
$1.63B
| $180K | ﹤0.01% |
23,456
-29,244
| -55% | -$200K |
|
5454
Polestar Automotive Holding UK
PSNY
$2.09B
| $178K | ﹤0.01% |
6,320
-15,218
| -71% | -$487K |
|
5455
Mega Matrix
MPU
$16.1M
| $176K | ﹤0.01% |
+146,900
| New | +$345K |
|
|
ONTF
5456
DELISTED
ON24
ONTF
| $175K | ﹤0.01% |
+30,673
| New | +$165K |
|
|
SRTA
5457
Strata Critical Medical Inc
SRTA
$434M
| $175K | ﹤0.01% |
34,497
-21,036
| -38% | -$92.9K |
|
5458
Valens Semiconductor
VLN
$170M
| $174K | ﹤0.01% |
97,453
-427,128
| -81% | -$965K |
|
5459
CALL
BigBear.ai Holdings Warrant
BBAI.WS
$38.4M
| $174K | ﹤0.01% |
82,266
-1,400
| -2% | -$2.81K |
|
5460
CALL
Wendy's
WEN
$1.4B
| $174K | ﹤0.01% |
19,000
-56,900
| -75% | -$584K |
|
|
5461
PUT
Wendy's
WEN
$1.4B
| $174K | ﹤0.01% |
+19,000
| New | +$195K |
|
5462
PUT
Sweetgreen
SG
$766M
| $174K | ﹤0.01% |
+21,800
| New | +$237K |
|
5463
MaxCyte
MXCT
$112M
| $173K | ﹤0.01% |
109,312
-53,838
| -33% | -$93.6K |
|
|
BFZ
5464
DELISTED
BlackRock CA Municipal Income Trust
BFZ
| $170K | ﹤0.01% |
15,567
| – | – |
|
5465
Alpha Tau Medical
DRTS
$1.06B
| $170K | ﹤0.01% |
+37,734
| New | +$128K |
|
|
MMU
5466
Western Asset Managed Municipals Fund
MMU
$548M
| $169K | ﹤0.01% |
16,388
-1,000
| -6% | -$10K |
|
5467
NRC Health Common Stock
NRC
$432M
| $169K | ﹤0.01% |
13,259
-40,551
| -75% | -$608K |
|
|
AACBR
5468
Artius II Acquisition Inc Rights
AACBR
| $168K | ﹤0.01% |
700,000
+200,000
| +40% | +$44.5K |
|
5469
DHI Group
DHX
$182M
| $168K | ﹤0.01% |
60,418
-37,611
| -38% | -$104K |
|
5470
Lufax Holding
LU
$1.35B
| $167K | ﹤0.01% |
+41,197
| New | +$123K |
|
5471
CALL
Skye Bioscience
SKYE
$20M
| $167K | ﹤0.01% |
+42,500
| New | +$161K |
|
5472
Quest Resource Holding
QRHC
$26.8M
| $167K | ﹤0.01% |
106,873
-17,996
| -14% | -$33.4K |
|
5473
CALL
Lifezone Metals Ltd Warrants
LZM.WS
$19.8M
| $166K | ﹤0.01% |
264,000
| – | – |
|
5474
CALL
Solid Power Inc Warrant
SLDPW
$10.2M
| $166K | ﹤0.01% |
385,868
-99,003
| -20% | -$53.7K |
|
5475
TriSalus Life Sciences
TLSI
$279M
| $166K | ﹤0.01% |
35,612
+5,359
| +18% | +$25.1K |
|
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.