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 | |
|---|---|---|---|---|---|---|
1526
CRA International
CRAI
$1.06B
| $21.5M | 0.01% |
103,265
+54,600
| +112% | +$10.5M |
|
1527
CALL
GSK
GSK
$106B
| $21.5M | 0.01% |
498,700
+385,900
| +342% | +$15.1M |
|
1528
Middleby
MIDD
$6.08B
| $21.5M | 0.01% |
161,648
+135,925
| +528% | +$18.9M |
|
1529
PUT
United Rentals
URI
$72.4B
| $21.5M | 0.01% |
22,500
+16,400
| +269% | +$14.6M |
|
1530
CALL
Delta Air Lines
DAL
$60.1B
| $21.4M | 0.01% |
377,900
+30,000
| +9% | +$1.71M |
|
1531
Customers Bancorp
CUBI
$2.77B
| $21.4M | 0.01% |
327,784
+268,056
| +449% | +$17.6M |
|
1532
Maplebear
CART
$11.8B
| $21.4M | 0.01% |
582,790
-260,274
| -31% | -$12M |
|
1533
Federated Hermes
FHI
$4.72B
| $21.4M | 0.01% |
411,843
-532,775
| -56% | -$27M |
|
1534
CALL
Unity
U
$18.9B
| $21.4M | 0.01% |
534,000
-237,800
| -31% | -$8.82M |
|
1535
CALL
Keurig Dr Pepper
KDP
$40.8B
| $21.3M | 0.01% |
836,600
+731,300
| +694% | +$22.9M |
|
1536
FedEx
FDX
$75.4B
| $21.3M | 0.01% |
90,416
-410,924
| -82% | -$94.7M |
|
1537
Resideo Technologies
REZI
$3.95B
| $21.3M | 0.01% |
493,729
+314,312
| +175% | +$9.82M |
|
1538
CALL
Philip Morris
PM
$295B
| $21.3M | 0.01% |
131,400
-122,600
| -48% | -$20.6M |
|
1539
Equity Residential
EQR
$25.1B
| $21.3M | 0.01% |
328,807
+237,215
| +259% | +$15.5M |
|
1540
American Eagle Outfitters
AEO
$3.01B
| $21.3M | 0.01% |
1,243,762
-5,544,735
| -82% | -$75.9M |
|
1541
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $21.3M | 0.01% |
226,694
-638,490
| -74% | -$63.7M |
|
1542
Carrier Global
CARR
$52.8B
| $21.2M | 0.01% |
355,736
-651,092
| -65% | -$44.2M |
|
1543
First Bancorp
FBP
$4.38B
| $21.2M | 0.01% |
963,111
+11,652
| +1% | +$252K |
|
1544
CALL
D.R. Horton
DHI
$42.3B
| $21.2M | 0.01% |
125,300
+63,100
| +101% | +$9.92M |
|
1545
DraftKings
DKNG
$11.9B
| $21.2M | 0.01% |
567,441
-1,795,674
| -76% | -$79.6M |
|
1546
Bit Digital
BTBT
$482M
| $21.2M | 0.01% |
7,069,003
+2,023,836
| +40% | +$6.14M |
|
1547
Watsco Inc
WSO
$13.6B
| $21.2M | 0.01% |
52,438
-18,937
| -27% | -$8.1M |
|
1548
Turning Point Brands
TPB
$1.74B
| $21.2M | 0.01% |
214,401
+193,218
| +912% | +$17.5M |
|
1549
Banc of California
BANC
$2.97B
| $21.2M | 0.01% |
1,278,974
+939,318
| +277% | +$14.7M |
|
1550
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27.1B
| $21.1M | 0.01% |
35,427
+26,876
| +314% | +$15.8M |
|
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.