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 | |
|---|---|---|---|---|---|---|
1426
CALL
MongoDB
MDB
$32.1B
| $23.9M | 0.01% |
76,900
-45,200
| -37% | -$11.6M |
|
|
SNV
1427
DELISTED
Synovus
SNV
| $23.8M | 0.01% |
485,361
-47,302
| -9% | -$2.42M |
|
1428
PUT
PNC Financial Services
PNC
$101B
| $23.8M | 0.01% |
118,300
+90,200
| +321% | +$17.8M |
|
1429
Stanley Black & Decker
SWK
$15.7B
| $23.8M | 0.01% |
319,761
+63,745
| +25% | +$4.67M |
|
1430
Willis Towers Watson
WTW
$32B
| $23.7M | 0.01% |
68,750
+25,137
| +58% | +$8.14M |
|
1431
CALL
ON Semiconductor
ON
$31.6B
| $23.7M | 0.01% |
480,900
-1,200
| -0.2% | -$63.2K |
|
1432
RPM International
RPM
$15B
| $23.7M | 0.01% |
201,072
-811,022
| -80% | -$97.3M |
|
1433
PUT
Affirm
AFRM
$25.2B
| $23.6M | 0.01% |
323,400
+32,000
| +11% | +$2.44M |
|
1434
Coca-Cola Consolidated
COKE
$12.8B
| $23.6M | 0.01% |
201,648
-224,526
| -53% | -$26M |
|
1435
Tanger
SKT
$4.52B
| $23.6M | 0.01% |
697,778
-197,582
| -22% | -$6.44M |
|
1436
Rocket Lab Corp
RKLB
$51.8B
| $23.6M | 0.01% |
492,545
-671,606
| -58% | -$30.5M |
|
1437
PUT
Bloom Energy
BE
$64.6B
| $23.6M | 0.01% |
278,800
+226,000
| +428% | +$10.5M |
|
1438
CALL
DoorDash
DASH
$93.7B
| $23.5M | 0.01% |
86,500
+40,300
| +87% | +$10.1M |
|
1439
PUT
Iris Energy
IREN
$14.7B
| $23.5M | 0.01% |
501,000
-54,900
| -10% | -$1.33M |
|
1440
Mercado Libre
MELI
$92.3B
| $23.5M | 0.01% |
10,046
+4,387
| +78% | +$10.5M |
|
1441
Ramaco Resources Class A
METC
$649M
| $23.5M | 0.01% |
+706,583
| New | +$16.4M |
|
1442
ODDITY Tech
ODD
$651M
| $23.4M | 0.01% |
376,366
-53,434
| -12% | -$3.47M |
|
1443
Allegro MicroSystems
ALGM
$8.16B
| $23.4M | 0.01% |
802,626
+123,008
| +18% | +$3.98M |
|
1444
CALL
Riot Platforms
RIOT
$7.76B
| $23.4M | 0.01% |
1,231,300
+816,300
| +197% | +$11.3M |
|
1445
Omega Healthcare
OHI
$14.7B
| $23.4M | 0.01% |
554,838
-486,396
| -47% | -$19.6M |
|
|
CADE
1446
DELISTED
Cadence Bank
CADE
| $23.4M | 0.01% |
623,151
+540,422
| +653% | +$19.5M |
|
1447
PUT
Idexx Laboratories
IDXX
$46.2B
| $23.4M | 0.01% |
36,600
-51,800
| -59% | -$31.4M |
|
1448
PUT
Carnival Corporation Ltd
CCL
$39.7B
| $23.4M | 0.01% |
808,800
-326,300
| -29% | -$9.85M |
|
1449
Berkshire Hathaway Class A
BRK.A
$1.12T
| $23.4M | 0.01% |
31
-12
| -28% | -$8.72M |
|
1450
Bank of Hawaii
BOH
$3.13B
| $23.3M | 0.01% |
355,440
-166,274
| -32% | -$11.1M |
|
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.