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 | |
|---|---|---|---|---|---|---|
|
FTF
5501
Franklin Limited Duration Income Trust
FTF
$232M
| $147K | ﹤0.01% |
+23,000
| New | +$148K |
|
5502
Identive
INVE
$64.3M
| $146K | ﹤0.01% |
42,449
-21,870
| -34% | -$78.4K |
|
5503
Broadway Financial
BYFC
$93.8M
| $146K | ﹤0.01% |
20,182
-3,831
| -16% | -$29.5K |
|
|
RPT
5504
Rithm Property Trust
RPT
$97.6M
| $145K | ﹤0.01% |
9,620
-952
| -9% | -$15.1K |
|
5505
Mediaco Holding
MDIA
$78.2M
| $145K | ﹤0.01% |
114,032
-30,224
| -21% | -$39.5K |
|
|
KLRS
5506
Kalaris Therapeutics
KLRS
$82.8M
| $144K | ﹤0.01% |
24,923
-29,169
| -54% | -$96.4K |
|
|
UHG
5507
DELISTED
United Homes Group
UHG
| $144K | ﹤0.01% |
53,011
+9,067
| +21% | +$35.6K |
|
5508
Gevo
GEVO
$363M
| $143K | ﹤0.01% |
73,185
-620,066
| -89% | -$1.01M |
|
|
RAC.WS
5509
CALL
Rithm Acquisition Corp Warrants
RAC.WS
| $143K | ﹤0.01% |
216,452
+66,666
| +45% | +$38.3K |
|
5510
CALL
Lumen
LUMN
$6.72B
| $143K | ﹤0.01% |
23,300
| – | – |
|
|
CRAQR
5511
Cal Redwood Acquisition Corp Right
CRAQR
| $142K | ﹤0.01% |
647,500
+447,500
| +224% | +$101K |
|
5512
American Vanguard Corp
AVD
$69.8M
| $141K | ﹤0.01% |
24,604
-96,614
| -80% | -$461K |
|
5513
Altisource Portfolio Solutions
ASPS
$65.2M
| $141K | ﹤0.01% |
+12,112
| New | +$138K |
|
5514
enGene Therapeutics
ENGN
$118M
| $140K | ﹤0.01% |
20,502
+7,472
| +57% | +$34.1K |
|
5515
Radiant Logistics
RLGT
$390M
| $139K | ﹤0.01% |
23,641
-57,546
| -71% | -$354K |
|
5516
CION Investment
CION
$296M
| $139K | ﹤0.01% |
14,696
-51,558
| -78% | -$521K |
|
|
TVACW
5517
CALL
Texas Ventures Acquisition III Corp Warrants
TVACW
$6.06M
| $139K | ﹤0.01% |
+126,500
| New | +$47.1K |
|
|
XRPNW
5518
CALL
Armada Acquisition Corp II Warrant
XRPNW
$8.74M
| $138K | ﹤0.01% |
+145,400
| New | +$75.1K |
|
5519
CALL
Sky Harbour Group Warrants
SKYH.WS
$17.1M
| $137K | ﹤0.01% |
90,625
| – | – |
|
5520
BBVA Argentina
BBAR
$3.89B
| $137K | ﹤0.01% |
16,440
-675,791
| -98% | -$9.13M |
|
5521
AXT Inc
AXTI
$3.95B
| $136K | ﹤0.01% |
+30,345
| New | +$86.8K |
|
5522
CALL
Huntsman Corp
HUN
$1.72B
| $135K | ﹤0.01% |
+15,000
| New | +$158K |
|
5523
TriplePoint Venture Growth BDC
TPVG
$183M
| $134K | ﹤0.01% |
+23,307
| New | +$155K |
|
|
LUXE
5524
LuxExperience B.V.
LUXE
$1.11B
| $134K | ﹤0.01% |
+15,720
| New | +$131K |
|
5525
CALL
Flowers Foods
FLO
$1.48B
| $133K | ﹤0.01% |
+10,200
| New | +$155K |
|
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.