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 | |
|---|---|---|---|---|---|---|
651
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$34.5B
| $67.9M | 0.03% |
440,000
-507,900
| -54% | -$76.9M |
|
652
PUT
iShares Bitcoin Trust
IBIT
$47.6B
| $67.8M | 0.03% |
1,043,100
+497,500
| +91% | +$32.4M |
|
653
Viatris
VTRS
$18.7B
| $67.7M | 0.03% |
6,842,500
-830,546
| -11% | -$8.08M |
|
654
Sanofi
SNY
$104B
| $67.7M | 0.03% |
1,433,927
+1,319,379
| +1,152% | +$63.7M |
|
655
PUT
JD.com
JD
$45.2B
| $67.7M | 0.03% |
1,934,700
+1,171,000
| +153% | +$38.1M |
|
656
Samsara
IOT
$23.2B
| $67.6M | 0.03% |
1,814,345
-387,370
| -18% | -$14.4M |
|
657
PUT
Scotiabank
BNS
$108B
| $67.6M | 0.03% |
751,400
+1,400
| +0.2% | +$82.5K |
|
658
CALL
Merck
MRK
$323B
| $67.5M | 0.03% |
804,100
-20,600
| -2% | -$1.7M |
|
659
Applied Materials
AMAT
$415B
| $67.5M | 0.03% |
329,488
-79,158
| -19% | -$14.4M |
|
|
SPR
660
DELISTED
Spirit AeroSystems
SPR
| $67.2M | 0.03% |
1,740,639
+664,950
| +62% | +$26.6M |
|
661
Trane Technologies
TT
$105B
| $67.1M | 0.03% |
159,092
-39,962
| -20% | -$17.1M |
|
662
PUT
T-Mobile US
TMUS
$191B
| $66.7M | 0.03% |
278,600
-30,500
| -10% | -$7.38M |
|
|
SLNO
663
DELISTED
Soleno Therapeutics
SLNO
| $66.2M | 0.03% |
979,826
+346,105
| +55% | +$25.7M |
|
664
Veralto
VLTO
$23.7B
| $66.1M | 0.03% |
620,255
-70,336
| -10% | -$7.42M |
|
665
PUT
Bristol-Myers Squibb
BMY
$132B
| $66.1M | 0.03% |
1,465,000
+776,300
| +113% | +$36.3M |
|
666
Tyson Foods
TSN
$20.1B
| $65.8M | 0.03% |
1,212,312
+686,031
| +130% | +$37.9M |
|
|
MRUS
667
DELISTED
Merus
MRUS
| $65.8M | 0.03% |
699,029
+683,233
| +4,325% | +$44.5M |
|
668
Comcast
CMCSA
$89.4B
| $65.7M | 0.03% |
2,090,088
-3,417,160
| -62% | -$115M |
|
669
Ingevity
NGVT
$2.65B
| $65.6M | 0.03% |
1,189,524
+15,562
| +1% | +$809K |
|
670
Antero Resources
AR
$11.4B
| $65.4M | 0.03% |
1,947,515
+1,055,740
| +118% | +$35.2M |
|
671
CALL
Roblox
RBLX
$26.5B
| $64.9M | 0.03% |
468,400
-37,600
| -7% | -$4.67M |
|
672
PTC Therapeutics
PTCT
$6.23B
| $64.8M | 0.03% |
1,056,481
+672,079
| +175% | +$35M |
|
673
Dow Inc
DOW
$22.1B
| $64.4M | 0.03% |
2,808,012
+2,230,013
| +386% | +$55.6M |
|
674
Colgate-Palmolive
CL
$74.3B
| $64.3M | 0.03% |
804,968
+262,276
| +48% | +$22.4M |
|
675
Diamondback Energy
FANG
$55.7B
| $64.3M | 0.03% |
449,567
+367,946
| +451% | +$52.4M |
|
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.