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 | |
|---|---|---|---|---|---|---|
5476
CALL
Ardelyx
ARDX
$1.23B
| $165K | ﹤0.01% |
30,000
-22,200
| -43% | -$121K |
|
|
CLLS
5477
Cellectis
CLLS
$278M
| $165K | ﹤0.01% |
57,740
+22,080
| +62% | +$57.2K |
|
5478
CALL
NET Power Inc Warrants
NPWR.WS
$14.6M
| $164K | ﹤0.01% |
218,671
| – | – |
|
|
EM
5479
DELISTED
Smart Share Global Ltd
EM
| $164K | ﹤0.01% |
121,126
-47,640
| -28% | -$59.1K |
|
|
SVIIR
5480
DELISTED
Spring Valley Acquisition Corp II Rights
SVIIR
| $162K | ﹤0.01% |
312,000
-250,000
| -44% | -$80.6K |
|
5481
Enel Chile
ENIC
$6.17B
| $162K | ﹤0.01% |
41,675
-297,551
| -88% | -$1.04M |
|
5482
Alvotech
ALVO
$1.33B
| $162K | ﹤0.01% |
19,759
-31,950
| -62% | -$272K |
|
|
VCICW
5483
CALL
DELISTED
Vine Hill Capital Investment Corp Warrant
VCICW
| $160K | ﹤0.01% |
100,000
| – | – |
|
|
TONX
5484
TON Strategy Co
TONX
$168M
| $158K | ﹤0.01% |
+22,463
| New | +$262K |
|
|
HSHP
5485
Himalaya Shipping
HSHP
$735M
| $158K | ﹤0.01% |
19,204
+4,382
| +30% | +$32.8K |
|
5486
Xtant Medical Holdings
XTNT
$59.3M
| $158K | ﹤0.01% |
242,924
-19,575
| -7% | -$12.3K |
|
5487
Great Elm Group
GEG
$69M
| $158K | ﹤0.01% |
+64,320
| New | +$153K |
|
5488
LSB Industries
LXU
$774M
| $157K | ﹤0.01% |
19,881
+4,545
| +30% | +$36.9K |
|
5489
Southland Holdings
SLND
$31M
| $156K | ﹤0.01% |
+36,408
| New | +$158K |
|
5490
Greenfire Resources
GFR
$808M
| $155K | ﹤0.01% |
33,533
-21,628
| -39% | -$101K |
|
5491
Greenwich LifeSciences
GLSI
$196M
| $154K | ﹤0.01% |
15,498
-18,683
| -55% | -$211K |
|
5492
CALL
Evolus
EOLS
$379M
| $154K | ﹤0.01% |
25,000
-156,900
| -86% | -$1.22M |
|
|
SBDS
5493
DELISTED
Solo Brands Inc
SBDS
| $152K | ﹤0.01% |
+10,070
| New | +$141K |
|
5494
Children's Place
PLCE
$54.3M
| $152K | ﹤0.01% |
24,508
-10,462
| -30% | -$56.8K |
|
5495
Red Robin
RRGB
$145M
| $152K | ﹤0.01% |
+22,096
| New | +$141K |
|
|
PAII.WS
5496
CALL
Pyrophyte Acquisition Corp II Warrants
PAII.WS
| $151K | ﹤0.01% |
+432,500
| New | +$133K |
|
5497
Copel
ELPC
$8.71B
| $151K | ﹤0.01% |
16,893
-2,225
| -12% | -$18.4K |
|
5498
Fossil Group
FOSL
$293M
| $150K | ﹤0.01% |
+58,420
| New | +$138K |
|
|
MRDN
5499
Meridian Holdings Inc
MRDN
$137M
| $149K | ﹤0.01% |
10,984
+4,475
| +69% | +$73.4K |
|
|
MTA
5500
Metalla Royalty & Streaming
MTA
$685M
| $147K | ﹤0.01% |
23,209
-254,992
| -92% | -$1.21M |
|
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.