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 | |
|---|---|---|---|---|---|---|
1201
AvalonBay Communities
AVB
$26.8B
| $30.4M | 0.01% |
157,364
+50,555
| +47% | +$9.84M |
|
1202
Marriott International
MAR
$92.3B
| $30.4M | 0.01% |
116,610
+108,738
| +1,381% | +$29.2M |
|
1203
Nasdaq
NDAQ
$52.9B
| $30.3M | 0.01% |
342,882
-626,544
| -65% | -$58M |
|
1204
CVR Energy
CVI
$3.13B
| $30.3M | 0.01% |
831,204
-345,888
| -29% | -$10.4M |
|
1205
SolarEdge
SEDG
$1.95B
| $30.3M | 0.01% |
818,319
-710,939
| -46% | -$21.2M |
|
1206
Regal Rexnord
RRX
$11.9B
| $30.3M | 0.01% |
210,897
-324,904
| -61% | -$47.9M |
|
1207
M/I Homes
MHO
$3.84B
| $30.2M | 0.01% |
209,364
-297,599
| -59% | -$40.3M |
|
1208
MakeMyTrip
MMYT
$5.64B
| $30.2M | 0.01% |
322,894
-356,161
| -52% | -$34.6M |
|
1209
CALL
Hims & Hers Health
HIMS
$7.31B
| $30.2M | 0.01% |
532,600
+352,700
| +196% | +$18.1M |
|
1210
Mettler-Toledo International
MTD
$28.6B
| $30.2M | 0.01% |
24,594
+22,811
| +1,279% | +$28.6M |
|
1211
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.66B
| $30.2M | 0.01% |
673,200
+659,600
| +4,850% | +$29.8M |
|
1212
Moderna
MRNA
$23.6B
| $30.2M | 0.01% |
1,167,460
+297,968
| +34% | +$8.31M |
|
|
AVDX
1213
DELISTED
AvidXchange
AVDX
| $30.1M | 0.01% |
3,029,802
+732,168
| +32% | +$7.25M |
|
1214
CALL
iShares MSCI Brazil ETF
EWZ
$8.95B
| $30.1M | 0.01% |
971,800
+759,300
| +357% | +$21.7M |
|
1215
Trinity Industries
TRN
$2.38B
| $30.1M | 0.01% |
1,074,276
+375,788
| +54% | +$10.4M |
|
1216
Dentsply Sirona
XRAY
$2.43B
| $30.1M | 0.01% |
2,372,995
-618,561
| -21% | -$8.98M |
|
1217
Carpenter Technology
CRS
$28.4B
| $30.1M | 0.01% |
122,596
-131,258
| -52% | -$33.6M |
|
1218
CALL
Procter & Gamble
PG
$339B
| $30.1M | 0.01% |
195,900
-202,800
| -51% | -$31.7M |
|
1219
Huntsman Corp
HUN
$1.77B
| $30M | 0.01% |
3,345,472
+2,810,439
| +525% | +$29.5M |
|
1220
AppFolio
APPF
$7.04B
| $30M | 0.01% |
108,868
+56,583
| +108% | +$15.3M |
|
1221
Sunrun
RUN
$2.46B
| $30M | 0.01% |
1,733,541
-939,673
| -35% | -$12.6M |
|
1222
Innoviva
INVA
$1.48B
| $30M | 0.01% |
1,641,315
-348,037
| -17% | -$6.79M |
|
1223
PUT
Ford
F
$55.7B
| $29.9M | 0.01% |
2,501,800
-103,300
| -4% | -$1.19M |
|
1224
CALL
iShares Silver Trust
SLV
$30.9B
| $29.9M | 0.01% |
704,900
-31,900
| -4% | -$1.15M |
|
1225
Shift4
FOUR
$3.26B
| $29.8M | 0.01% |
385,613
+355,566
| +1,183% | +$33.1M |
|
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.