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 | |
|---|---|---|---|---|---|---|
1176
PUT
Sun Life Financial
SLF
$45.5B
| $31.3M | 0.01% |
375,000
+150,000
| +67% | +$9.02M |
|
1177
Canadian Natural Resources
CNQ
$97.1B
| $31.3M | 0.01% |
979,887
+631,564
| +181% | +$19.8M |
|
1178
Badger Meter
BMI
$3.95B
| $31.3M | 0.01% |
175,382
+144,051
| +460% | +$28.3M |
|
1179
Assurant
AIZ
$14.1B
| $31.3M | 0.01% |
144,593
-274,891
| -66% | -$55.8M |
|
1180
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.7B
| $31.2M | 0.01% |
260,184
-746,454
| -74% | -$85.4M |
|
1181
CALL
Occidental Petroleum
OXY
$57.8B
| $31.2M | 0.01% |
659,600
-190,300
| -22% | -$8.6M |
|
1182
Schrodinger
SDGR
$1.4B
| $31.1M | 0.01% |
1,551,721
+1,419,750
| +1,076% | +$28.5M |
|
1183
CALL
Live Nation Entertainment
LYV
$42B
| $31.1M | 0.01% |
190,300
+300
| +0.2% | +$47.4K |
|
1184
InterContinental Hotels
IHG
$23B
| $31.1M | 0.01% |
256,314
-112,154
| -30% | -$13.4M |
|
1185
Nektar Therapeutics
NKTR
$2.54B
| $31.1M | 0.01% |
545,994
-103,039
| -16% | -$3.41M |
|
1186
ABM Industries
ABM
$2.81B
| $31M | 0.01% |
672,200
+603,853
| +884% | +$28.6M |
|
1187
CALL
Centene
CNC
$32.9B
| $31M | 0.01% |
868,300
+852,800
| +5,502% | +$25.8M |
|
|
CUK
1188
DELISTED
Carnival PLC
CUK
| $31M | 0.01% |
1,171,003
-911,595
| -44% | -$25.1M |
|
1189
PUT
Trade Desk
TTD
$6.12B
| $30.9M | 0.01% |
631,500
-145,300
| -19% | -$9.22M |
|
1190
Simply Good Foods
SMPL
$976M
| $30.9M | 0.01% |
1,246,236
+1,032,358
| +483% | +$30.5M |
|
1191
Nexstar Media Group
NXST
$5.89B
| $30.9M | 0.01% |
156,413
+83,367
| +114% | +$16.3M |
|
1192
Credicorp
BAP
$30.5B
| $30.9M | 0.01% |
116,098
-123,424
| -52% | -$30.5M |
|
1193
PUT
SoFi Technologies
SOFI
$23.4B
| $30.9M | 0.01% |
1,168,900
-1,028,500
| -47% | -$24.4M |
|
1194
PUT
BHP
BHP
$229B
| $30.9M | 0.01% |
553,400
+460,800
| +498% | +$24.5M |
|
1195
PUT
Starbucks
SBUX
$120B
| $30.8M | 0.01% |
364,100
-460,800
| -56% | -$41.2M |
|
1196
Lithia Motors
LAD
$8.22B
| $30.8M | 0.01% |
97,471
-174,648
| -64% | -$56.3M |
|
|
GTY
1197
Getty Realty Corp
GTY
$2.03B
| $30.7M | 0.01% |
1,142,413
+339,388
| +42% | +$9.46M |
|
1198
Best Buy
BBY
$17.3B
| $30.6M | 0.01% |
405,232
-302,635
| -43% | -$21.7M |
|
1199
PUT
Analog Devices
ADI
$189B
| $30.5M | 0.01% |
124,300
-39,500
| -24% | -$9.5M |
|
|
APLS
1200
DELISTED
Apellis Pharmaceuticals
APLS
| $30.4M | 0.01% |
1,343,726
+1,141,274
| +564% | +$26.6M |
|
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.