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 | |
|---|---|---|---|---|---|---|
1576
Globus Medical
GMED
$11.2B
| $20.5M | 0.01% |
357,762
+323,529
| +945% | +$18.6M |
|
1577
PUT
BILL Holdings
BILL
$4.78B
| $20.5M | 0.01% |
386,800
+330,200
| +583% | +$15.3M |
|
|
SEM
1578
DELISTED
Select Medical
SEM
| $20.4M | 0.01% |
1,590,339
+1,277,233
| +408% | +$17M |
|
1579
Elbit Systems
ESLT
$40.3B
| $20.4M | 0.01% |
39,957
-50,053
| -56% | -$23.5M |
|
1580
Federal Signal
FSS
$7.83B
| $20.3M | 0.01% |
170,940
-486,065
| -74% | -$58.3M |
|
1581
Edison International
EIX
$26.4B
| $20.3M | 0.01% |
367,875
-660,239
| -64% | -$35.6M |
|
1582
American Electric Power
AEP
$68.4B
| $20.3M | 0.01% |
180,304
-584,295
| -76% | -$63.9M |
|
1583
Embecta
EMBC
$262M
| $20.3M | 0.01% |
1,436,408
-388,531
| -21% | -$4.91M |
|
1584
PUT
Cadence Design Systems
CDNS
$93.4B
| $20.3M | 0.01% |
57,700
-33,600
| -37% | -$11.6M |
|
1585
PUT
HubSpot
HUBS
$10.5B
| $20.3M | 0.01% |
43,300
+40,400
| +1,393% | +$20.3M |
|
1586
PUT
Unity
U
$18.9B
| $20.2M | 0.01% |
505,000
-885,400
| -64% | -$32.8M |
|
1587
Interparfums
IPAR
$3.94B
| $20.2M | 0.01% |
205,526
+183,258
| +823% | +$21.6M |
|
1588
Ameren
AEE
$30.1B
| $20.2M | 0.01% |
193,694
-61,270
| -24% | -$6.12M |
|
1589
Silicon Motion
SIMO
$8.68B
| $20.2M | 0.01% |
213,188
+88,146
| +70% | +$7M |
|
1590
Ashland
ASH
$3.5B
| $20.2M | 0.01% |
421,501
+19,715
| +5% | +$1.04M |
|
1591
Cathay General Bancorp
CATY
$4.24B
| $20.2M | 0.01% |
420,509
+331,997
| +375% | +$16M |
|
1592
CALL
TTM Technologies
TTMI
$14.5B
| $20.2M | 0.01% |
+350,000
| New | +$16.3M |
|
1593
CALL
Kraft Heinz
KHC
$30B
| $20.1M | 0.01% |
771,600
+221,200
| +40% | +$6.01M |
|
1594
Intuitive Machines
LUNR
$2.63B
| $20.1M | 0.01% |
1,909,245
-872,654
| -31% | -$8.85M |
|
1595
MDU Resources
MDU
$4.32B
| $20.1M | 0.01% |
1,126,909
+55,861
| +5% | +$933K |
|
|
DCH
1596
Dauch Corp
DCH
$1.51B
| $20.1M | 0.01% |
3,339,071
-2,898,516
| -46% | -$15.5M |
|
1597
Healthpeak Properties
DOC
$14.8B
| $20.1M | 0.01% |
1,047,611
+656,846
| +168% | +$11.8M |
|
1598
Korn Ferry
KFY
$4.28B
| $20.1M | 0.01% |
286,640
+176,666
| +161% | +$12.9M |
|
1599
Globant
GLOB
$1.61B
| $20M | 0.01% |
349,408
+120,755
| +53% | +$8.89M |
|
1600
AngioDynamics
ANGO
$649M
| $20M | 0.01% |
1,793,152
+393,682
| +28% | +$3.8M |
|
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.