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 | |
|---|---|---|---|---|---|---|
1776
California Water Service
CWT
$3.12B
| $16.9M | 0.01% |
368,074
+361,339
| +5,365% | +$16.6M |
|
1777
Honda
HMC
$41.3B
| $16.9M | 0.01% |
+547,486
| New | +$17.9M |
|
|
NBIS
1778
CALL
Nebius Group N.V.
NBIS
$47.7B
| $16.8M | 0.01% |
+150,000
| New | +$10.4M |
|
|
ARDT
1779
Ardent Health
ARDT
$1.66B
| $16.8M | 0.01% |
1,269,605
+78,861
| +7% | +$986K |
|
1780
PUT
Stryker
SYK
$130B
| $16.8M | 0.01% |
45,500
-41,500
| -48% | -$16M |
|
1781
PUT
Mondelez International
MDLZ
$79.9B
| $16.8M | 0.01% |
269,100
-181,000
| -40% | -$11.7M |
|
1782
PUT
Sherwin-Williams
SHW
$89.8B
| $16.8M | 0.01% |
48,500
-56,200
| -54% | -$19.8M |
|
|
SEZL
1783
Sezzle
SEZL
$3.97B
| $16.8M | 0.01% |
211,075
-13,605
| -6% | -$1.56M |
|
|
PLGO
1784
Pelagos Insurance Capital
PLGO
$2.14B
| $16.8M | 0.01% |
924,380
+492,253
| +114% | +$8.21M |
|
1785
Sunstone Hotel Investors
SHO
$2.06B
| $16.8M | 0.01% |
1,790,149
+236,703
| +15% | +$2.18M |
|
1786
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.6B
| $16.8M | 0.01% |
508,304
-166,552
| -25% | -$5.01M |
|
|
1787
Applovin
APP
$116B
| $16.7M | 0.01% |
23,299
-2,574,629
| -99% | -$1.19B |
|
1788
Louisiana-Pacific
LPX
$5.49B
| $16.7M | 0.01% |
188,428
+126,230
| +203% | +$11.7M |
|
1789
Albany International
AIN
$1.78B
| $16.7M | 0.01% |
313,830
+287,200
| +1,078% | +$18.2M |
|
1790
Sabra Healthcare REIT
SBRA
$5.37B
| $16.7M | 0.01% |
897,087
+525,480
| +141% | +$9.82M |
|
1791
CALL
Verizon
VZ
$196B
| $16.7M | 0.01% |
380,300
-479,700
| -56% | -$20.8M |
|
1792
PUT
Toronto Dominion Bank
TD
$200B
| $16.7M | 0.01% |
150,000
-12,800
| -8% | -$961K |
|
1793
Churchill Downs
CHDN
$6.12B
| $16.7M | 0.01% |
171,964
-256,687
| -60% | -$26.4M |
|
1794
Archer Aviation
ACHR
$4.26B
| $16.7M | 0.01% |
1,741,270
+1,383,769
| +387% | +$13.7M |
|
1795
Alamos Gold
AGI
$13.9B
| $16.7M | 0.01% |
478,281
-468,766
| -49% | -$13.4M |
|
1796
CALL
Paychex
PAYX
$42.7B
| $16.7M | 0.01% |
131,400
+43,100
| +49% | +$5.98M |
|
1797
AGNC Investment
AGNC
$12.9B
| $16.6M | 0.01% |
1,696,799
+1,181,550
| +229% | +$11.5M |
|
1798
IDT Corp
IDT
$1.62B
| $16.6M | 0.01% |
316,722
+220,740
| +230% | +$13.8M |
|
1799
PUT
Lyft
LYFT
$6.63B
| $16.6M | 0.01% |
752,600
+315,900
| +72% | +$5.29M |
|
1800
Citizens Financial Group
CFG
$30.6B
| $16.6M | 0.01% |
311,521
-1,049,646
| -77% | -$52.2M |
|
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.