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 | |
|---|---|---|---|---|---|---|
|
NGD
1676
DELISTED
New Gold Inc
NGD
| $18.6M | 0.01% |
2,588,187
-3,552,197
| -58% | -$19.2M |
|
1677
National Fuel Gas
NFG
$7.65B
| $18.6M | 0.01% |
200,955
-167,343
| -45% | -$14.6M |
|
1678
DigitalBridge
DBRG
$2.95B
| $18.6M | 0.01% |
1,585,568
+1,319,801
| +497% | +$14.7M |
|
1679
JetBlue
JBLU
$2.29B
| $18.5M | 0.01% |
3,767,063
+3,351,491
| +806% | +$16.1M |
|
1680
Kura Oncology
KURA
$850M
| $18.5M | 0.01% |
2,093,702
-527,820
| -20% | -$3.76M |
|
1681
Bruker
BRKR
$8.14B
| $18.5M | 0.01% |
570,271
+470,292
| +470% | +$16.8M |
|
1682
Weis Markets
WMK
$1.86B
| $18.5M | 0.01% |
257,715
+112,265
| +77% | +$8.2M |
|
1683
PUT
Humana
HUM
$46.2B
| $18.5M | 0.01% |
71,100
-70,400
| -50% | -$18.5M |
|
1684
PUT
SLB Ltd
SLB
$75B
| $18.5M | 0.01% |
536,900
-1,935,400
| -78% | -$67.3M |
|
1685
Novavax
NVAX
$1.31B
| $18.4M | 0.01% |
2,127,279
+105,060
| +5% | +$818K |
|
|
EFOR
1686
Everforth Inc
EFOR
$1.32B
| $18.4M | 0.01% |
389,360
-433,001
| -53% | -$22.1M |
|
1687
PUT
ON Semiconductor
ON
$31.6B
| $18.4M | 0.01% |
373,200
-28,200
| -7% | -$1.48M |
|
1688
CALL
Walt Disney
DIS
$181B
| $18.4M | 0.01% |
160,700
-631,100
| -80% | -$74.3M |
|
1689
CALL
Coupang
CPNG
$29.2B
| $18.4M | 0.01% |
571,400
+504,700
| +757% | +$15.3M |
|
1690
PUT
Diamondback Energy
FANG
$52.7B
| $18.4M | 0.01% |
128,400
-7,400
| -5% | -$1.05M |
|
1691
PUT
WIX.com
WIX
$2.52B
| $18.4M | 0.01% |
103,400
+95,600
| +1,226% | +$14.4M |
|
1692
Blackstone
BX
$110B
| $18.4M | 0.01% |
107,502
-42,643
| -28% | -$7.31M |
|
1693
Laureate Education
LAUR
$5.28B
| $18.4M | 0.01% |
582,177
+214,779
| +58% | +$5.63M |
|
1694
Progress Software
PRGS
$1.76B
| $18.4M | 0.01% |
417,969
+7,326
| +2% | +$338K |
|
1695
Wendy's
WEN
$1.46B
| $18.3M | 0.01% |
1,999,870
-1,929,434
| -49% | -$19.8M |
|
1696
Keysight
KEYS
$58.3B
| $18.3M | 0.01% |
104,682
-80,587
| -43% | -$13.4M |
|
1697
Hudbay
HBM
$12.3B
| $18.3M | 0.01% |
1,207,777
-3,706,154
| -75% | -$42.4M |
|
1698
Halliburton
HAL
$26.6B
| $18.3M | 0.01% |
744,022
-3,478,716
| -82% | -$77M |
|
|
CNR
1699
Core Natural Resources Inc
CNR
$4.45B
| $18.3M | 0.01% |
219,230
-137,119
| -38% | -$10.3M |
|
1700
PUT
STMicroelectronics
STM
$50B
| $18.3M | 0.01% |
647,600
+458,600
| +243% | +$12.8M |
|
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.