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 | |
|---|---|---|---|---|---|---|
1001
CGI
GIB
$15.6B
| $39.7M | 0.02% |
445,437
+364,148
| +448% | +$35.2M |
|
1002
Fortive
FTV
$18.6B
| $39.7M | 0.02% |
809,751
-684,626
| -46% | -$33.7M |
|
1003
PUT
Brookfield
BN
$108B
| $39.6M | 0.02% |
866,850
+85,350
| +11% | +$3.78M |
|
1004
LyondellBasell Industries
LYB
$20.1B
| $39.6M | 0.02% |
807,320
+564,659
| +233% | +$31.8M |
|
1005
Atour Lifestyle Holdings
ATAT
$4.84B
| $39.6M | 0.02% |
1,052,392
+711,660
| +209% | +$26M |
|
1006
General Mills
GIS
$19.8B
| $39.5M | 0.02% |
783,823
-1,890,552
| -71% | -$94.8M |
|
1007
CALL
Arista Networks
ANET
$242B
| $39.4M | 0.02% |
270,500
-7,500
| -3% | -$966K |
|
1008
Kiniksa Pharmaceuticals
KNSA
$5.99B
| $39.4M | 0.02% |
1,014,125
-5,843
| -0.6% | -$190K |
|
1009
ESCO Technologies
ESE
$7.81B
| $39.4M | 0.02% |
186,455
+98,042
| +111% | +$19.4M |
|
1010
Dropbox
DBX
$8.09B
| $39.3M | 0.02% |
1,299,489
+427,761
| +49% | +$12.2M |
|
1011
HUB Group
HUBG
$2.92B
| $39.2M | 0.02% |
1,138,461
+661,018
| +138% | +$23.6M |
|
1012
EastGroup Properties
EGP
$10.9B
| $39.2M | 0.02% |
231,386
-45,360
| -16% | -$7.53M |
|
1013
Roivant Sciences
ROIV
$25.8B
| $39.2M | 0.02% |
2,588,098
+1,622,131
| +168% | +$20.1M |
|
1014
PUT
BCE
BCE
$21B
| $38.9M | 0.02% |
1,253,500
+701,000
| +127% | +$16.9M |
|
1015
Kroger
KR
$34.8B
| $38.9M | 0.02% |
576,961
-1,974,501
| -77% | -$137M |
|
1016
State Street SPDR Dow Jones REIT ETF
RWR
$1.87B
| $38.9M | 0.02% |
387,748
+158,152
| +69% | +$15.5M |
|
1017
Icon
ICLR
$12.7B
| $38.9M | 0.02% |
222,181
-395,716
| -64% | -$66.2M |
|
1018
CALL
NetEase
NTES
$84.9B
| $38.9M | 0.02% |
255,800
+36,300
| +17% | +$5M |
|
1019
PUT
Northrop Grumman
NOC
$82.4B
| $38.9M | 0.02% |
63,800
-3,600
| -5% | -$2.04M |
|
1020
InvenTrust Properties
IVT
$2.54B
| $38.8M | 0.02% |
1,356,958
-1,008,848
| -43% | -$28.6M |
|
1021
Crown Holdings
CCK
$13B
| $38.7M | 0.02% |
400,376
-138,390
| -26% | -$13.9M |
|
1022
MACOM Technology Solutions
MTSI
$23.2B
| $38.5M | 0.02% |
309,651
-810,398
| -72% | -$107M |
|
1023
Vulcan Materials
VMC
$36.8B
| $38.5M | 0.02% |
125,082
+31,889
| +34% | +$9.06M |
|
1024
Tower Semiconductor
TSEM
$29.3B
| $38.4M | 0.02% |
531,233
-45,418
| -8% | -$2.48M |
|
1025
Meritage Homes
MTH
$4.68B
| $38.4M | 0.02% |
529,803
-261,373
| -33% | -$19.4M |
|
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.