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 | |
|---|---|---|---|---|---|---|
1026
Graco
GGG
$13.5B
| $38.4M | 0.02% |
451,591
-152,165
| -25% | -$13M |
|
1027
PPG Industries
PPG
$25.8B
| $38.3M | 0.02% |
364,122
-981,668
| -73% | -$109M |
|
1028
CALL
Cencora
COR
$61.8B
| $38.2M | 0.02% |
122,300
-47,300
| -28% | -$13.9M |
|
1029
CALL
Marvell Technology
MRVL
$192B
| $38.2M | 0.02% |
454,000
-379,700
| -46% | -$27.9M |
|
1030
APi Group
APG
$18.3B
| $38.1M | 0.02% |
1,109,488
+500,209
| +82% | +$17.5M |
|
1031
Matador Resources
MTDR
$6.47B
| $38.1M | 0.02% |
847,600
+815,339
| +2,527% | +$39.8M |
|
1032
Liberty Media Series C
FWONK
$25.7B
| $38.1M | 0.02% |
364,455
+137,936
| +61% | +$14M |
|
1033
Graphic Packaging
GPK
$3.54B
| $38M | 0.02% |
+1,942,241
| New | +$42.2M |
|
1034
UiPath
PATH
$7.99B
| $38M | 0.02% |
2,840,003
+1,207,343
| +74% | +$14.3M |
|
1035
Shell
SHEL
$249B
| $38M | 0.02% |
530,974
+73,905
| +16% | +$5.32M |
|
1036
US Foods
USFD
$23.8B
| $38M | 0.02% |
495,479
+89,659
| +22% | +$7.13M |
|
1037
OGE Energy
OGE
$9.6B
| $37.9M | 0.02% |
819,492
+732,641
| +844% | +$32.8M |
|
1038
Liberty Broadband Class A
LBRDA
$5.15B
| $37.9M | 0.02% |
597,762
-11,573
| -2% | -$805K |
|
1039
Factset
FDS
$10.2B
| $37.7M | 0.02% |
131,766
+98,168
| +292% | +$37.5M |
|
1040
Haemonetics
HAE
$3.94B
| $37.7M | 0.02% |
773,179
+735,592
| +1,957% | +$45.5M |
|
1041
Ezcorp Inc
EZPW
$1.67B
| $37.6M | 0.02% |
1,975,421
+437,601
| +28% | +$6.86M |
|
1042
Life Time Group Holdings
LTH
$9.57B
| $37.6M | 0.02% |
1,361,794
+811,259
| +147% | +$23.1M |
|
|
STEL
1043
DELISTED
Stellar Bancorp
STEL
| $37.6M | 0.02% |
1,237,830
+318,011
| +35% | +$9.66M |
|
1044
Takeda Pharmaceutical
TAK
$56B
| $37.4M | 0.02% |
2,556,206
-532,463
| -17% | -$7.91M |
|
1045
CALL
Boston Scientific
BSX
$73.5B
| $37.4M | 0.02% |
383,000
+83,700
| +28% | +$8.67M |
|
1046
Coinbase
COIN
$39.4B
| $37.4M | 0.02% |
110,725
-36,403
| -25% | -$12.3M |
|
1047
iShares MSCI Mexico ETF
EWW
$1.91B
| $37.3M | 0.02% |
+547,203
| New | +$34.2M |
|
1048
PUT
State Street Materials Select Sector SPDR ETF
XLB
$8.68B
| $37.2M | 0.02% |
830,000
+680,000
| +453% | +$30.7M |
|
1049
Innospec
IOSP
$2.29B
| $37.2M | 0.02% |
481,488
+131,483
| +38% | +$11M |
|
1050
UWM Holdings
UWMC
$472M
| $37.1M | 0.02% |
6,099,827
+1,147,054
| +23% | +$6.01M |
|
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.