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 | |
|---|---|---|---|---|---|---|
1226
China Yuchai International
CYD
$1.78B
| $29.8M | 0.01% |
720,231
+440,278
| +157% | +$13.3M |
|
1227
Brighthouse Financial
BHF
$3.5B
| $29.8M | 0.01% |
561,132
+472,108
| +530% | +$23M |
|
|
PPTA
1228
Perpetua Resources
PPTA
$3.09B
| $29.8M | 0.01% |
1,471,534
-2,148,845
| -59% | -$36.3M |
|
|
TIC
1229
TIC Solutions Inc
TIC
$2.2B
| $29.7M | 0.01% |
+2,231,768
| New | +$25.4M |
|
1230
Cullen/Frost Bankers
CFR
$10.2B
| $29.7M | 0.01% |
+234,179
| New | +$30.4M |
|
1231
Lamar Advertising Co
LAMR
$16.3B
| $29.7M | 0.01% |
242,496
-241,196
| -50% | -$30M |
|
1232
CALL
Novartis
NVS
$297B
| $29.6M | 0.01% |
230,700
+68,000
| +42% | +$8.3M |
|
|
EMBJ
1233
Embraer S.A. ADS
EMBJ
$13B
| $29.6M | 0.01% |
489,216
+260,592
| +114% | +$14.7M |
|
1234
CALL
Baidu
BIDU
$37.2B
| $29.6M | 0.01% |
224,300
+187,800
| +515% | +$18.6M |
|
1235
Frontdoor
FTDR
$6.26B
| $29.5M | 0.01% |
438,194
-413,112
| -49% | -$25.2M |
|
1236
PUT
Roku
ROKU
$22.7B
| $29.4M | 0.01% |
294,100
+152,700
| +108% | +$14.1M |
|
1237
CALL
GE Vernova
GEV
$264B
| $29.4M | 0.01% |
47,800
+13,900
| +41% | +$8.42M |
|
1238
Compass
COMP
$9.66B
| $29.4M | 0.01% |
3,658,506
-1,340,542
| -27% | -$10.9M |
|
1239
Consolidated Edison
ED
$39.9B
| $29.4M | 0.01% |
292,068
-186,904
| -39% | -$18.8M |
|
1240
Jacobs Solutions
J
$17B
| $29.3M | 0.01% |
195,664
+100,848
| +106% | +$14.5M |
|
1241
UroGen Pharma
URGN
$2.29B
| $29.3M | 0.01% |
1,468,737
+874,706
| +147% | +$15.7M |
|
1242
Grocery Outlet
GO
$980M
| $29.3M | 0.01% |
1,825,407
+1,775,505
| +3,558% | +$28.4M |
|
1243
CALL
Teck Resources
TECK
$32.6B
| $29.2M | 0.01% |
666,200
+654,100
| +5,406% | +$23.8M |
|
1244
Stewart Information Services
STC
$2.08B
| $29.2M | 0.01% |
398,525
-644,473
| -62% | -$44.3M |
|
1245
Chipotle Mexican Grill
CMG
$41.5B
| $29.2M | 0.01% |
744,270
-2,646,204
| -78% | -$119M |
|
1246
Sonic Automotive
SAH
$2.61B
| $29.2M | 0.01% |
383,117
+65,266
| +21% | +$5.21M |
|
1247
PUT
AstraZeneca
AZN
$250B
| $29.1M | 0.01% |
189,700
+101,800
| +116% | +$15.4M |
|
|
XYZ
1248
PUT
Block Inc
XYZ
$47.5B
| $29.1M | 0.01% |
402,000
+231,400
| +136% | +$17.3M |
|
1249
WD-40
WDFC
$3.15B
| $29M | 0.01% |
146,629
-82,343
| -36% | -$17.8M |
|
1250
BrightView Holdings
BV
$1.07B
| $29M | 0.01% |
2,162,206
-118,524
| -5% | -$1.76M |
|
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.