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 | |
|---|---|---|---|---|---|---|
1551
Rush Street Interactive
RSI
$2.88B
| $21.1M | 0.01% |
1,029,218
+347,314
| +51% | +$6.55M |
|
1552
MeiraGTx Holdings
MGTX
$1.21B
| $21.1M | 0.01% |
2,560,969
+1,775,788
| +226% | +$14M |
|
1553
Turkcell
TKC
$4.79B
| $21M | 0.01% |
3,495,391
+2,675,681
| +326% | +$15.6M |
|
1554
Amkor Technology
AMKR
$13.7B
| $21M | 0.01% |
740,406
-586,809
| -44% | -$14.1M |
|
1555
PUT
Jabil
JBL
$35.8B
| $21M | 0.01% |
96,800
+44,500
| +85% | +$9.69M |
|
|
ECG
1556
Everus Construction Group
ECG
$6.99B
| $21M | 0.01% |
244,982
-56,551
| -19% | -$4.2M |
|
1557
Brookdale Senior Living
BKD
$3.4B
| $21M | 0.01% |
2,477,684
+1,371,606
| +124% | +$10.5M |
|
1558
AvePoint
AVPT
$2.71B
| $21M | 0.01% |
1,394,604
+981,741
| +238% | +$16.5M |
|
1559
HEICO Corp
HEI
$51.4B
| $20.9M | 0.01% |
64,792
-11,398
| -15% | -$3.63M |
|
1560
Freedom Holding
FRHC
$9.49B
| $20.9M | 0.01% |
121,504
-9,552
| -7% | -$1.61M |
|
|
CRWV
1561
CALL
CoreWeave
CRWV
$49.5B
| $20.9M | 0.01% |
152,500
+81,600
| +115% | +$9.65M |
|
1562
Arlo Technologies
ARLO
$1.65B
| $20.9M | 0.01% |
1,230,312
+604,018
| +96% | +$10.3M |
|
|
MZTI
1563
The Marzetti Company
MZTI
$3.11B
| $20.8M | 0.01% |
120,409
-146,848
| -55% | -$26.3M |
|
1564
Primerica
PRI
$9.89B
| $20.8M | 0.01% |
74,899
-136,158
| -65% | -$36.6M |
|
1565
Cemex
CX
$16.3B
| $20.8M | 0.01% |
+2,312,412
| New | +$19.7M |
|
1566
Walker & Dunlop
WD
$1.53B
| $20.7M | 0.01% |
247,605
-8,816
| -3% | -$710K |
|
|
VNET
1567
VNET Group
VNET
$2.09B
| $20.7M | 0.01% |
2,003,997
+1,698,528
| +556% | +$14.3M |
|
1568
PUT
Parker-Hannifin
PH
$135B
| $20.7M | 0.01% |
27,300
+21,600
| +379% | +$15.9M |
|
1569
The Mosaic Company
MOS
$7.33B
| $20.6M | 0.01% |
593,741
-1,895,347
| -76% | -$65.3M |
|
1570
Atlanta Braves Holdings Series B
BATRK
$3.21B
| $20.6M | 0.01% |
494,905
+200,555
| +68% | +$8.85M |
|
1571
Option Care Health
OPCH
$3.56B
| $20.6M | 0.01% |
741,036
-669,489
| -47% | -$19.4M |
|
1572
Rambus
RMBS
$11B
| $20.6M | 0.01% |
197,232
-221,280
| -53% | -$17.1M |
|
1573
WSFS Financial
WSFS
$4.15B
| $20.6M | 0.01% |
381,060
+69,741
| +22% | +$3.94M |
|
1574
Tenaris
TS
$26.8B
| $20.5M | 0.01% |
574,423
-202,540
| -26% | -$7.36M |
|
1575
PUT
Pinterest
PINS
$13.4B
| $20.5M | 0.01% |
637,500
+123,700
| +24% | +$4.49M |
|
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.