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 | |
|---|---|---|---|---|---|---|
1701
Celestica
CLS
$36.5B
| $18.3M | 0.01% |
74,226
-502,734
| -87% | -$101M |
|
|
FISV
1702
CALL
Fiserv Inc
FISV
$27.9B
| $18.2M | 0.01% |
141,300
-21,300
| -13% | -$3.05M |
|
1703
Sumitomo Mitsui Financial
SMFG
$164B
| $18.2M | 0.01% |
1,085,388
+108,770
| +11% | +$1.74M |
|
1704
Apogee Enterprises
APOG
$908M
| $18.2M | 0.01% |
416,919
+139,014
| +50% | +$5.97M |
|
1705
Arvinas
ARVN
$572M
| $18.2M | 0.01% |
2,131,555
+233,483
| +12% | +$1.77M |
|
1706
PUT
iShares MSCI Brazil ETF
EWZ
$8.95B
| $18.1M | 0.01% |
585,000
+412,500
| +239% | +$11.8M |
|
|
PPL
1707
PPL Corp
PPL
$26.7B
| $18.1M | 0.01% |
487,852
+435,106
| +825% | +$15.6M |
|
1708
CALL
Kenvue
KVUE
$36.9B
| $18.1M | 0.01% |
1,114,900
+488,900
| +78% | +$9.98M |
|
1709
CALL
Idexx Laboratories
IDXX
$46.2B
| $18.1M | 0.01% |
28,300
-10,900
| -28% | -$6.62M |
|
|
CDTX
1710
DELISTED
Cidara Therapeutics
CDTX
| $18M | 0.01% |
+188,283
| New | +$12M |
|
1711
Sherwin-Williams
SHW
$89.8B
| $18M | 0.01% |
52,054
+26,978
| +108% | +$9.51M |
|
1712
CALL
Stellantis
STLA
$20.8B
| $18M | 0.01% |
1,934,600
+693,900
| +56% | +$6.64M |
|
1713
State Street Energy Select Sector SPDR ETF
XLE
$37.6B
| $18M | 0.01% |
403,074
-1,408,564
| -78% | -$61.7M |
|
|
EXK
1714
Endeavour Silver
EXK
$2.83B
| $18M | 0.01% |
2,295,218
-1,426,723
| -38% | -$8.42M |
|
1715
Nuvation Bio
NUVB
$2.32B
| $18M | 0.01% |
4,852,218
-527,967
| -10% | -$1.44M |
|
|
CVSA
1716
Covista Inc
CVSA
$4.8B
| $17.9M | 0.01% |
116,006
+59,527
| +105% | +$7.62M |
|
1717
CDW
CDW
$17B
| $17.9M | 0.01% |
112,253
-142,555
| -56% | -$24.2M |
|
1718
CALL
Deere & Co
DE
$168B
| $17.9M | 0.01% |
39,100
-600
| -2% | -$296K |
|
1719
CALL
Exelon
EXC
$47B
| $17.9M | 0.01% |
397,200
-102,000
| -20% | -$4.48M |
|
1720
Alpha and Omega Semiconductor
AOSL
$1.08B
| $17.8M | 0.01% |
637,876
+232,817
| +57% | +$6.46M |
|
|
SARO
1721
StandardAero Inc
SARO
$9.7B
| $17.8M | 0.01% |
652,749
-1,727,002
| -73% | -$48.5M |
|
1722
PUT
Teck Resources
TECK
$32.6B
| $17.8M | 0.01% |
405,700
+395,700
| +3,957% | +$14.4M |
|
1723
PUT
VanEck Oil Services ETF
OIH
$1.84B
| $17.8M | 0.01% |
68,400
-27,500
| -29% | -$6.83M |
|
1724
Owens Corning
OC
$12.4B
| $17.7M | 0.01% |
124,951
-727,098
| -85% | -$107M |
|
|
SEE
1725
CALL
DELISTED
Sealed Air
SEE
| $17.7M | 0.01% |
+500,000
| New | +$15.9M |
|
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.