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 | |
|---|---|---|---|---|---|---|
1276
PUT
Microchip Technology
MCHP
$46B
| $27.8M | 0.01% |
432,300
+168,500
| +64% | +$11.4M |
|
|
OPTU
1277
Optimum Communications Inc
OPTU
$301M
| $27.6M | 0.01% |
11,463,764
+2,711,903
| +31% | +$6.65M |
|
1278
Eastern Bankshares
EBC
$5.23B
| $27.6M | 0.01% |
1,521,642
+590,443
| +63% | +$9.74M |
|
1279
Universal Display
OLED
$4.19B
| $27.6M | 0.01% |
192,182
+155,545
| +425% | +$22.6M |
|
1280
Urban Edge Properties
UE
$2.73B
| $27.5M | 0.01% |
1,345,704
+101,690
| +8% | +$2.03M |
|
|
DX
1281
Dynex Capital
DX
$3.21B
| $27.5M | 0.01% |
2,235,018
+992,269
| +80% | +$12.4M |
|
1282
ATI
ATI
$31B
| $27.5M | 0.01% |
337,591
+48,774
| +17% | +$3.95M |
|
1283
Cushman & Wakefield Ltd
CWK
$3.25B
| $27.3M | 0.01% |
1,716,049
+1,354,476
| +375% | +$19.1M |
|
1284
PUT
Medtronic
MDT
$112B
| $27.3M | 0.01% |
286,800
-503,900
| -64% | -$46.3M |
|
1285
Parker-Hannifin
PH
$135B
| $27.3M | 0.01% |
35,980
-47,129
| -57% | -$34.8M |
|
1286
Trimble
TRMB
$13.9B
| $27.3M | 0.01% |
334,013
+252,748
| +311% | +$20.6M |
|
1287
CALL
Aflac
AFL
$62.6B
| $27.3M | 0.01% |
244,100
-12,400
| -5% | -$1.3M |
|
1288
Carlisle Companies
CSL
$15.4B
| $27.3M | 0.01% |
82,882
+51,941
| +168% | +$19.8M |
|
1289
EXL Service
EXLS
$5.29B
| $27.3M | 0.01% |
619,018
-1,732,224
| -74% | -$75M |
|
1290
CALL
Automatic Data Processing
ADP
$108B
| $27.2M | 0.01% |
92,800
-47,400
| -34% | -$14.3M |
|
1291
Harmonic Inc
HLIT
$1.28B
| $27.1M | 0.01% |
2,663,140
-342,590
| -11% | -$3.23M |
|
1292
Pool Corp
POOL
$7.5B
| $27.1M | 0.01% |
87,319
-214,496
| -71% | -$67.2M |
|
1293
CALL
Dow Inc
DOW
$21.2B
| $26.9M | 0.01% |
1,174,300
+1,073,600
| +1,066% | +$26.7M |
|
1294
Booking.com
BKNG
$161B
| $26.9M | 0.01% |
124,650
+44,575
| +56% | +$9.95M |
|
|
TEM
1295
CALL
Tempus AI
TEM
$9.39B
| $26.9M | 0.01% |
333,500
+219,000
| +191% | +$15.3M |
|
1296
Kosmos Energy
KOS
$1.48B
| $26.9M | 0.01% |
16,179,448
+8,517,109
| +111% | +$15.9M |
|
1297
CALL
Atlassian
TEAM
$37.8B
| $26.8M | 0.01% |
168,000
+116,200
| +224% | +$21M |
|
1298
Crocs
CROX
$6.55B
| $26.8M | 0.01% |
320,987
+202,761
| +172% | +$18.5M |
|
1299
Trupanion
TRUP
$1.18B
| $26.8M | 0.01% |
619,003
+402,421
| +186% | +$19.1M |
|
1300
Centuri Holdings
CTRI
$2.41B
| $26.8M | 0.01% |
1,265,137
+1,218,500
| +2,613% | +$25.9M |
|
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.