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 | |
|---|---|---|---|---|---|---|
1801
Supernus Pharmaceuticals
SUPN
$2.77B
| $16.5M | 0.01% |
346,293
+333,220
| +2,549% | +$13.4M |
|
1802
Oneok
OKE
$54.5B
| $16.5M | 0.01% |
226,555
-172,335
| -43% | -$13.2M |
|
1803
Reynolds Consumer Products
REYN
$5.59B
| $16.5M | 0.01% |
674,822
+149,656
| +28% | +$3.39M |
|
1804
Columbia Sportswear
COLM
$2.94B
| $16.5M | 0.01% |
315,651
-49,266
| -14% | -$2.77M |
|
|
VOYG
1805
Voyager Technologies
VOYG
$2.54B
| $16.5M | 0.01% |
554,209
-114,911
| -17% | -$3.98M |
|
1806
Hancock Whitney
HWC
$6.24B
| $16.5M | 0.01% |
263,290
+205,443
| +355% | +$12.6M |
|
1807
Sibanye-Stillwater
SBSW
$7.53B
| $16.5M | 0.01% |
1,465,810
-1,740,964
| -54% | -$15.2M |
|
1808
CoreCivic
CXW
$3.19B
| $16.5M | 0.01% |
809,535
+33,915
| +4% | +$703K |
|
|
PRSU
1809
Pursuit Attractions and Hospitality Inc
PRSU
$1.25B
| $16.5M | 0.01% |
455,138
-70,912
| -13% | -$2.4M |
|
1810
Mondelez International
MDLZ
$79.9B
| $16.5M | 0.01% |
263,503
-178,625
| -40% | -$11.5M |
|
1811
Logitech
LOGI
$15.2B
| $16.4M | 0.01% |
149,950
+20,111
| +15% | +$2.02M |
|
|
SILA
1812
DELISTED
Sila Realty Trust
SILA
| $16.4M | 0.01% |
654,183
+138,712
| +27% | +$3.45M |
|
1813
CALL
Vistra
VST
$47.4B
| $16.4M | 0.01% |
83,800
-31,500
| -27% | -$6.24M |
|
|
PMT
1814
PennyMac Mortgage Investment
PMT
$842M
| $16.4M | 0.01% |
1,339,158
+394,497
| +42% | +$4.87M |
|
1815
CALL
General Dynamics
GD
$106B
| $16.4M | 0.01% |
48,100
+17,900
| +59% | +$5.64M |
|
1816
PUT
iShares 7-10 Year Treasury Bond ETF
IEF
$47.3B
| $16.4M | 0.01% |
170,000
-58,000
| -25% | -$5.55M |
|
1817
RELX
RELX
$62B
| $16.4M | 0.01% |
343,335
-100,722
| -23% | -$4.98M |
|
1818
Prudential Financial
PRU
$41.8B
| $16.4M | 0.01% |
158,008
-152,503
| -49% | -$16.1M |
|
1819
PUT
Kraft Heinz
KHC
$30B
| $16.4M | 0.01% |
629,100
+55,200
| +10% | +$1.5M |
|
1820
Nextpower Inc
NXT
$15.7B
| $16.4M | 0.01% |
221,274
-396,120
| -64% | -$25.5M |
|
|
1821
PUT
Prudential Financial
PRU
$41.8B
| $16.4M | 0.01% |
157,700
-3,800
| -2% | -$400K |
|
|
1822
General Dynamics
GD
$106B
| $16.3M | 0.01% |
47,921
-533,084
| -92% | -$168M |
|
1823
PUT
MGM Resorts International
MGM
$11.2B
| $16.3M | 0.01% |
471,300
+341,500
| +263% | +$12.5M |
|
|
LTC
1824
LTC Properties
LTC
$2.15B
| $16.3M | 0.01% |
442,930
+188,447
| +74% | +$6.72M |
|
1825
Uranium Energy
UEC
$5.57B
| $16.3M | 0.01% |
1,222,623
+778,511
| +175% | +$7.79M |
|
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.