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 | |
|---|---|---|---|---|---|---|
1376
Phreesia
PHR
$773M
| $25M | 0.01% |
1,064,132
+936,033
| +731% | +$25.5M |
|
1377
Match Group
MTCH
$8.55B
| $25M | 0.01% |
708,513
-1,078,064
| -60% | -$38.5M |
|
1378
CALL
American Tower
AMT
$80.4B
| $25M | 0.01% |
130,100
+1,800
| +1% | +$375K |
|
1379
PUT
Etsy
ETSY
$7.85B
| $25M | 0.01% |
376,200
+261,100
| +227% | +$15.6M |
|
1380
CALL
Honeywell
HON
$78B
| $24.9M | 0.01% |
125,729
-9,867
| -7% | -$2.06M |
|
1381
AMN Healthcare
AMN
$1.4B
| $24.9M | 0.01% |
1,287,918
+932,269
| +262% | +$18.2M |
|
1382
CALL
AstraZeneca
AZN
$250B
| $24.9M | 0.01% |
162,450
+142,800
| +727% | +$21.6M |
|
|
P
1383
PUT
Everpure Inc
P
$29.9B
| $24.9M | 0.01% |
297,400
+208,600
| +235% | +$13.9M |
|
1384
CryoPort
CYRX
$762M
| $24.8M | 0.01% |
2,620,906
+408,335
| +18% | +$3.44M |
|
1385
Criteo S.A. Ordinary Shares
CRTO
$923M
| $24.8M | 0.01% |
1,097,465
+761,565
| +227% | +$17.8M |
|
|
HNGE
1386
Hinge Health
HNGE
$7.21B
| $24.8M | 0.01% |
505,325
+275,569
| +120% | +$14.4M |
|
1387
CALL
Weyerhaeuser
WY
$18.4B
| $24.8M | 0.01% |
+1,000,000
| New | +$25.6M |
|
1388
CALL
Nike
NKE
$61.9B
| $24.8M | 0.01% |
355,200
-67,600
| -16% | -$5.04M |
|
1389
Primoris Services
PRIM
$4.45B
| $24.8M | 0.01% |
180,243
-227,896
| -56% | -$24.5M |
|
1390
PTC
PTC
$16B
| $24.7M | 0.01% |
121,853
+49,532
| +68% | +$10.1M |
|
1391
Griffon
GFF
$4.86B
| $24.7M | 0.01% |
324,553
+202,714
| +166% | +$15.6M |
|
1392
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.65B
| $24.7M | 0.01% |
+586,397
| New | +$24.5M |
|
|
BA.PRA
1393
Boeing Co 6.00% Series A Preferred Stock
BA.PRA
$8.27B
| $24.6M | 0.01% |
353,430
+52,182
| +17% | +$3.76M |
|
1394
Pebblebrook Hotel Trust
PEB
$2.05B
| $24.6M | 0.01% |
2,161,137
+2,080,641
| +2,585% | +$22.4M |
|
1395
ResMed
RMD
$30.7B
| $24.6M | 0.01% |
89,811
-1,585
| -2% | -$433K |
|
1396
CALL
Northrop Grumman
NOC
$81.2B
| $24.6M | 0.01% |
40,300
-10,800
| -21% | -$6.12M |
|
1397
Enphase Energy
ENPH
$5.53B
| $24.5M | 0.01% |
692,795
-525,676
| -43% | -$19.5M |
|
1398
Pagaya Technologies
PGY
$1.78B
| $24.5M | 0.01% |
824,578
-914,348
| -53% | -$29.5M |
|
1399
Loews
L
$23.6B
| $24.5M | 0.01% |
243,616
+86,481
| +55% | +$8.17M |
|
1400
Popular Inc
BPOP
$11.1B
| $24.4M | 0.01% |
192,335
+75,474
| +65% | +$9.02M |
|
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.