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 | |
|---|---|---|---|---|---|---|
1626
PUT
Alcon
ALC
$35B
| $19.4M | 0.01% |
260,900
+150,900
| +137% | +$12.6M |
|
1627
Freshpet
FRPT
$3.22B
| $19.4M | 0.01% |
352,540
+282,921
| +406% | +$17.5M |
|
1628
LendingTree
TREE
$451M
| $19.4M | 0.01% |
299,975
-5,615
| -2% | -$324K |
|
1629
Everest Group
EG
$14.4B
| $19.4M | 0.01% |
55,429
-21,544
| -28% | -$7.27M |
|
1630
Moody's
MCO
$82.7B
| $19.4M | 0.01% |
40,642
+38,995
| +2,368% | +$19.7M |
|
1631
CALL
Estee Lauder
EL
$32B
| $19.3M | 0.01% |
219,400
+29,200
| +15% | +$2.6M |
|
1632
NETSCOUT
NTCT
$2.79B
| $19.3M | 0.01% |
747,824
+696,643
| +1,361% | +$16.5M |
|
1633
CALL
Danaher
DHR
$144B
| $19.3M | 0.01% |
97,400
-24,900
| -20% | -$4.95M |
|
1634
Viper Energy
VNOM
$14.7B
| $19.3M | 0.01% |
505,194
+280,665
| +125% | +$10.7M |
|
1635
Crescent Energy
CRGY
$3.82B
| $19.3M | 0.01% |
2,162,655
+17,993
| +0.8% | +$163K |
|
1636
CALL
Teradyne
TER
$59.3B
| $19.3M | 0.01% |
140,000
+97,800
| +232% | +$10.7M |
|
1637
Telephone and Data Systems
TDS
$3.75B
| $19.3M | 0.01% |
490,585
-83,045
| -14% | -$3.2M |
|
1638
Houlihan Lokey
HLI
$9.02B
| $19.2M | 0.01% |
93,481
-20,881
| -18% | -$4.09M |
|
1639
Ollie's Bargain Outlet
OLLI
$4.94B
| $19.2M | 0.01% |
149,455
-309,991
| -67% | -$41.2M |
|
1640
WillScot Mobile Mini Holdings
WSC
$4.41B
| $19.2M | 0.01% |
907,603
+317,054
| +54% | +$8.17M |
|
1641
Tencent Music
TME
$15.6B
| $19.1M | 0.01% |
819,372
+296,688
| +57% | +$6.88M |
|
1642
CALL
Dollar Tree
DLTR
$25.2B
| $19.1M | 0.01% |
202,300
-604,900
| -75% | -$64.7M |
|
1643
NextNav
NN
$2.23B
| $19.1M | 0.01% |
1,334,992
+87,610
| +7% | +$1.38M |
|
1644
Fulton Financial
FULT
$4.64B
| $19M | 0.01% |
1,021,992
+987,057
| +2,825% | +$18.7M |
|
1645
Otis Worldwide
OTIS
$28.2B
| $19M | 0.01% |
208,152
-866,650
| -81% | -$78.7M |
|
1646
PUT
EQT Corp
EQT
$32.3B
| $19M | 0.01% |
349,500
+243,800
| +231% | +$12.9M |
|
1647
Autoliv
ALV
$9B
| $19M | 0.01% |
153,964
-547,772
| -78% | -$65.6M |
|
1648
Denali Therapeutics
DNLI
$3.97B
| $19M | 0.01% |
1,307,171
+406,670
| +45% | +$5.84M |
|
1649
Tyler Technologies
TYL
$12.8B
| $19M | 0.01% |
36,234
+14,594
| +67% | +$8.19M |
|
1650
State Street
STT
$50.7B
| $18.9M | 0.01% |
163,303
-752,603
| -82% | -$84M |
|
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.