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 | |
|---|---|---|---|---|---|---|
|
DOCU
1251
PUT
DocuSign
DOCU
$11.5B
| $29M | 0.01% |
401,700
+81,000
| +25% | +$6.24M |
|
1252
Rush Enterprises Class A
RUSHA
$6.22B
| $28.9M | 0.01% |
540,942
+398,721
| +280% | +$22.2M |
|
1253
Advanced Energy
AEIS
$13B
| $28.9M | 0.01% |
169,797
+150,736
| +791% | +$22.7M |
|
1254
CALL
Capital One
COF
$134B
| $28.8M | 0.01% |
135,600
+71,800
| +113% | +$15.7M |
|
1255
PUT
TJX Companies
TJX
$178B
| $28.8M | 0.01% |
199,100
+35,400
| +22% | +$4.7M |
|
1256
CALL
British American Tobacco
BTI
$128B
| $28.7M | 0.01% |
541,100
+440,600
| +438% | +$23.9M |
|
1257
Noble Corp
NE
$6.51B
| $28.7M | 0.01% |
1,014,051
+194,434
| +24% | +$5.51M |
|
|
CHYM
1258
Chime Financial
CHYM
$11B
| $28.6M | 0.01% |
1,417,997
+982,940
| +226% | +$27.9M |
|
1259
PUT
Aflac
AFL
$62.6B
| $28.5M | 0.01% |
255,500
-20,800
| -8% | -$2.18M |
|
1260
Equinix
EQIX
$103B
| $28.5M | 0.01% |
36,401
-185,403
| -84% | -$145M |
|
1261
PUT
US Bancorp
USB
$99.6B
| $28.3M | 0.01% |
586,500
+187,200
| +47% | +$8.85M |
|
1262
H.B. Fuller
FUL
$3.28B
| $28.3M | 0.01% |
476,774
-431,246
| -47% | -$25.9M |
|
1263
PUT
United Parcel Service
UPS
$88.9B
| $28.2M | 0.01% |
337,800
+32,100
| +11% | +$2.91M |
|
1264
PUT
Vistra
VST
$47.4B
| $28.2M | 0.01% |
143,700
-61,400
| -30% | -$12.2M |
|
1265
CALL
Cheniere Energy
LNG
$52.9B
| $28.2M | 0.01% |
119,800
+67,300
| +128% | +$15.8M |
|
1266
CNA Financial
CNA
$14.1B
| $28.1M | 0.01% |
604,963
+486,127
| +409% | +$22.5M |
|
|
SKE
1267
Skeena Resources
SKE
$4.04B
| $28M | 0.01% |
1,522,801
-627,353
| -29% | -$10.3M |
|
1268
Texas Instruments
TXN
$261B
| $28M | 0.01% |
152,425
-239,256
| -61% | -$46.8M |
|
1269
PUT
Halliburton
HAL
$26.6B
| $28M | 0.01% |
1,137,700
-524,900
| -32% | -$11.6M |
|
1270
T. Rowe Price
TROW
$24.3B
| $28M | 0.01% |
272,572
+207,733
| +320% | +$21.8M |
|
1271
PUT
NextEra Energy
NEE
$177B
| $27.9M | 0.01% |
369,900
-500
| -0.1% | -$36.5K |
|
|
CURB
1272
Curbline Properties
CURB
$3.41B
| $27.9M | 0.01% |
1,251,444
-227,042
| -15% | -$5.12M |
|
1273
Nucor
NUE
$62.1B
| $27.9M | 0.01% |
205,908
-218,129
| -51% | -$30.9M |
|
1274
PUT
Omnicom Group
OMC
$23.4B
| $27.9M | 0.01% |
+342,000
| New | +$25.8M |
|
1275
PUT
Eaton
ETN
$174B
| $27.8M | 0.01% |
74,200
+1,300
| +2% | +$473K |
|
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.