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 | |
|---|---|---|---|---|---|---|
1151
New Jersey Resources
NJR
$5.5B
| $32.6M | 0.01% |
677,352
+609,323
| +896% | +$28.4M |
|
1152
Essential Properties Realty Trust
EPRT
$6.52B
| $32.5M | 0.01% |
1,091,784
-744,581
| -41% | -$22.8M |
|
1153
MGM Resorts International
MGM
$11B
| $32.4M | 0.01% |
934,741
-1,999,446
| -68% | -$73.4M |
|
1154
PUT
Cheniere Energy
LNG
$54.2B
| $32.3M | 0.01% |
137,600
+101,900
| +285% | +$24M |
|
1155
Regency Centers
REG
$13.9B
| $32.3M | 0.01% |
443,317
-5,336
| -1% | -$381K |
|
1156
Valvoline
VVV
$4.4B
| $32.3M | 0.01% |
899,395
+281,692
| +46% | +$10.8M |
|
1157
Casey's General Stores
CASY
$30.9B
| $32.2M | 0.01% |
56,922
-50,644
| -47% | -$26.5M |
|
1158
Clear Secure
YOU
$5.46B
| $32.1M | 0.01% |
962,125
+431,214
| +81% | +$14.3M |
|
1159
PUT
Devon Energy
DVN
$49B
| $32.1M | 0.01% |
915,800
+622,300
| +212% | +$21.2M |
|
|
SEI
1160
Solaris Energy Infrastructure
SEI
$3.97B
| $32.1M | 0.01% |
802,148
+155,385
| +24% | +$4.86M |
|
1161
Cadence Design Systems
CDNS
$93.8B
| $31.9M | 0.01% |
90,897
-75,781
| -45% | -$26.1M |
|
1162
Pinnacle West Capital
PNW
$12.1B
| $31.9M | 0.01% |
355,314
-514,413
| -59% | -$46.3M |
|
1163
CALL
Sanofi
SNY
$104B
| $31.8M | 0.01% |
674,600
+372,000
| +123% | +$18M |
|
1164
Moog Inc Class A
MOG.A
$12.9B
| $31.8M | 0.01% |
153,282
+78,363
| +105% | +$15.1M |
|
|
K
1165
CALL
DELISTED
Kellanova
K
| $31.8M | 0.01% |
387,300
+330,000
| +576% | +$26.3M |
|
1166
Markel Group
MKL
$23.1B
| $31.8M | 0.01% |
16,612
+6,632
| +66% | +$13M |
|
1167
DT Midstream
DTM
$13.5B
| $31.7M | 0.01% |
280,370
+250,483
| +838% | +$26.2M |
|
1168
Acadia Pharmaceuticals
ACAD
$5.03B
| $31.7M | 0.01% |
1,483,235
+1,414,315
| +2,052% | +$33.4M |
|
1169
PUT
Ares Capital
ARCC
$14.2B
| $31.6M | 0.01% |
1,550,200
+179,400
| +13% | +$3.99M |
|
1170
Evolv Technologies
EVLV
$1.08B
| $31.6M | 0.01% |
4,187,604
+2,766,335
| +195% | +$20.2M |
|
1171
PUT
Zscaler
ZS
$28.3B
| $31.6M | 0.01% |
105,300
-358,800
| -77% | -$102M |
|
1172
Baytex Energy
BTE
$3.05B
| $31.5M | 0.01% |
13,463,462
-6,889,401
| -34% | -$14.8M |
|
1173
Alexandria Real Estate Equities
ARE
$8.37B
| $31.5M | 0.01% |
378,084
-414,612
| -52% | -$33.2M |
|
1174
Annaly Capital Management
NLY
$17.1B
| $31.4M | 0.01% |
1,554,494
+867,941
| +126% | +$18M |
|
1175
Illumina
ILMN
$28.9B
| $31.4M | 0.01% |
330,740
+209,214
| +172% | +$20.7M |
|
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.