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 | |
|---|---|---|---|---|---|---|
1101
Cipher Digital
CIFR
$6.77B
| $34.9M | 0.01% |
2,770,458
-2,197,561
| -44% | -$16.6M |
|
1102
Southern Company
SO
$105B
| $34.9M | 0.01% |
367,920
+95,144
| +35% | +$8.88M |
|
1103
Host Hotels & Resorts
HST
$15.6B
| $34.8M | 0.01% |
2,045,597
-818,894
| -29% | -$13.6M |
|
1104
PUT
Spotify
SPOT
$105B
| $34.8M | 0.01% |
49,800
-10,900
| -18% | -$7.62M |
|
1105
Ascendis Pharma A/S
ASND
$16.7B
| $34.7M | 0.01% |
174,603
+101,715
| +140% | +$19M |
|
1106
OFG Bancorp
OFG
$2.21B
| $34.7M | 0.01% |
796,892
+57,572
| +8% | +$2.53M |
|
1107
CoStar Group
CSGP
$12.5B
| $34.5M | 0.01% |
408,355
+301,038
| +281% | +$26.6M |
|
1108
JD.com
JD
$44.9B
| $34.4M | 0.01% |
984,838
-130,153
| -12% | -$4.24M |
|
1109
Myriad Genetics
MYGN
$313M
| $34.3M | 0.01% |
4,748,327
-176,387
| -4% | -$1.05M |
|
1110
CarMax
KMX
$8.38B
| $34.3M | 0.01% |
764,799
-436,507
| -36% | -$26.1M |
|
1111
XPO
XPO
$23.4B
| $34.3M | 0.01% |
265,007
-310,212
| -54% | -$40.3M |
|
1112
Vaxcyte
PCVX
$8.8B
| $34.2M | 0.01% |
948,967
-155,872
| -14% | -$5.16M |
|
1113
CALL
T-Mobile US
TMUS
$188B
| $34.1M | 0.01% |
142,600
+11,800
| +9% | +$2.86M |
|
1114
BJs Wholesale Club
BJ
$12.3B
| $34.1M | 0.01% |
365,917
+161,236
| +79% | +$16.5M |
|
1115
Darling Ingredients
DAR
$9.92B
| $34.1M | 0.01% |
1,104,822
-78,689
| -7% | -$2.63M |
|
1116
Vontier
VNT
$4.7B
| $34M | 0.01% |
811,074
+270,730
| +50% | +$11.1M |
|
1117
PUT
Las Vegas Sands
LVS
$29.5B
| $34M | 0.01% |
632,700
+439,400
| +227% | +$23.1M |
|
1118
Deutsche Bank
DB
$72.1B
| $34M | 0.01% |
960,844
-142,991
| -13% | -$4.87M |
|
1119
Conagra Brands
CAG
$7.14B
| $33.9M | 0.01% |
1,849,878
-2,010,807
| -52% | -$38.5M |
|
1120
Eaton
ETN
$174B
| $33.8M | 0.01% |
90,231
-280,195
| -76% | -$102M |
|
1121
Avantor
AVTR
$9.24B
| $33.7M | 0.01% |
2,702,510
+2,689,632
| +20,885% | +$34.7M |
|
|
NSA
1122
DELISTED
National Storage Affiliates Trust
NSA
| $33.6M | 0.01% |
1,112,317
-327,898
| -23% | -$10.2M |
|
1123
PUT
Zillow
Z
$7.46B
| $33.5M | 0.01% |
435,100
+42,600
| +11% | +$3.48M |
|
1124
GlobalFoundries
GFS
$28.4B
| $33.5M | 0.01% |
934,069
+244,897
| +36% | +$8.74M |
|
1125
Canadian Imperial Bank of Commerce
CM
$110B
| $33.4M | 0.01% |
418,420
+375,655
| +878% | +$28.3M |
|
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.