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 | |
|---|---|---|---|---|---|---|
1501
CareTrust REIT
CTRE
$9.74B
| $22.1M | 0.01% |
637,359
-313,713
| -33% | -$10.3M |
|
1502
Amplitude
AMPL
$1.41B
| $22.1M | 0.01% |
2,061,681
+155,519
| +8% | +$1.84M |
|
|
ATXS
1503
DELISTED
Astria Therapeutics
ATXS
| $22.1M | 0.01% |
3,034,527
+64,800
| +2% | +$439K |
|
1504
Joby Aviation
JOBY
$8.55B
| $22.1M | 0.01% |
1,366,267
-880,637
| -39% | -$13.4M |
|
1505
Perdoceo Education
PRDO
$2.12B
| $22M | 0.01% |
584,562
-348,911
| -37% | -$11.2M |
|
1506
PUT
Paychex
PAYX
$42.7B
| $22M | 0.01% |
173,600
+48,000
| +38% | +$6.66M |
|
1507
State Street Communication Services Select Sector SPDR ETF
XLC
$22.5B
| $22M | 0.01% |
185,781
+159,506
| +607% | +$17.7M |
|
1508
CALL
Prudential Financial
PRU
$41.8B
| $22M | 0.01% |
211,700
-1,600
| -0.8% | -$168K |
|
1509
Macy's
M
$6.68B
| $21.9M | 0.01% |
1,220,788
-308,251
| -20% | -$4.36M |
|
|
CNTA
1510
DELISTED
Centessa Pharmaceuticals
CNTA
| $21.9M | 0.01% |
902,268
-755,619
| -46% | -$13.4M |
|
1511
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$48.5B
| $21.9M | 0.01% |
47,171
-175,360
| -79% | -$79M |
|
1512
MINISO
MNSO
$3.75B
| $21.9M | 0.01% |
971,884
+608,544
| +167% | +$13M |
|
1513
KE Holdings
BEKE
$18.8B
| $21.9M | 0.01% |
1,150,538
-2,570,254
| -69% | -$48.2M |
|
1514
Ryanair
RYAAY
$31.3B
| $21.9M | 0.01% |
362,931
-231,186
| -39% | -$14.1M |
|
1515
PUT
Brookfield Asset Management
BAM
$83.8B
| $21.8M | 0.01% |
382,700
-425,900
| -53% | -$25.3M |
|
1516
Diageo
DEO
$53.6B
| $21.8M | 0.01% |
228,326
+175,042
| +329% | +$18.4M |
|
1517
CALL
Core Scientific
CORZ
$6.75B
| $21.8M | 0.01% |
1,213,800
+863,800
| +247% | +$12.7M |
|
1518
Tennant Co
TNC
$1.26B
| $21.7M | 0.01% |
267,841
-84,026
| -24% | -$6.87M |
|
1519
Pinduoduo
PDD
$131B
| $21.7M | 0.01% |
164,254
+124,798
| +316% | +$14.8M |
|
1520
BlackSky Technology
BKSY
$1.19B
| $21.7M | 0.01% |
1,074,571
+169,140
| +19% | +$3.3M |
|
1521
Orthofix Medical
OFIX
$419M
| $21.6M | 0.01% |
1,475,718
+684,850
| +87% | +$8.99M |
|
1522
Arrow Electronics
ARW
$10.4B
| $21.6M | 0.01% |
178,455
-66,454
| -27% | -$8.36M |
|
1523
Vitamin Cottage Natural Grocers
NGVC
$654M
| $21.6M | 0.01% |
539,363
+320,186
| +146% | +$12.4M |
|
1524
Teva Pharmaceuticals
TEVA
$41.2B
| $21.6M | 0.01% |
1,067,974
-31,120
| -3% | -$547K |
|
1525
CALL
Sea Limited
SE
$69.5B
| $21.6M | 0.01% |
120,600
-1,700
| -1% | -$291K |
|
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.