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 | |
|---|---|---|---|---|---|---|
1851
CALL
Cintas
CTAS
$81.3B
| $15.8M | 0.01% |
76,900
-48,700
| -39% | -$10.4M |
|
1852
NNN REIT
NNN
$8.99B
| $15.8M | 0.01% |
370,659
-690,836
| -65% | -$29.3M |
|
1853
Dolby
DLB
$5.79B
| $15.8M | 0.01% |
217,779
+169,319
| +349% | +$12.4M |
|
1854
PUT
Nextpower Inc
NXT
$15.7B
| $15.8M | 0.01% |
213,000
+42,200
| +25% | +$2.72M |
|
1855
Global E Online
GLBE
$7.11B
| $15.7M | 0.01% |
440,158
-578,996
| -57% | -$19.8M |
|
1856
Universal Insurance Holdings
UVE
$1.23B
| $15.7M | 0.01% |
596,370
+405,403
| +212% | +$10M |
|
|
LNW
1857
DELISTED
Light & Wonder
LNW
| $15.7M | 0.01% |
186,773
+101,248
| +118% | +$9.3M |
|
1858
CALL
Toyota
TM
$225B
| $15.7M | 0.01% |
82,000
-22,700
| -22% | -$4.28M |
|
|
ACH
1859
Accendra Health
ACH
$214M
| $15.7M | 0.01% |
3,261,254
+2,143,267
| +192% | +$13.6M |
|
1860
iShares MSCI Saudi Arabia ETF
KSA
$621M
| $15.6M | 0.01% |
+385,110
| New | +$14.6M |
|
1861
Kohl's
KSS
$2.19B
| $15.6M | 0.01% |
1,015,625
+389,747
| +62% | +$5.2M |
|
1862
Universal Corp
UVV
$1.27B
| $15.6M | 0.01% |
279,058
+262,399
| +1,575% | +$14.5M |
|
1863
Live Nation Entertainment
LYV
$42.1B
| $15.6M | 0.01% |
95,408
-173,056
| -64% | -$27.4M |
|
1864
Geron
GERN
$949M
| $15.6M | 0.01% |
11,367,989
+5,320,635
| +88% | +$7.08M |
|
1865
GCM Grosvenor
GCMG
$820M
| $15.6M | 0.01% |
1,290,222
+900,458
| +231% | +$11.2M |
|
|
CMPS
1866
Compass Pathways
CMPS
$1.83B
| $15.6M | 0.01% |
2,715,872
+974,090
| +56% | +$4.38M |
|
1867
Rigetti Computing
RGTI
$5.99B
| $15.6M | 0.01% |
+522,112
| New | +$9.15M |
|
1868
CALL
Las Vegas Sands
LVS
$29.6B
| $15.5M | 0.01% |
288,700
+150,400
| +109% | +$7.91M |
|
1869
Ryder
R
$10.1B
| $15.5M | 0.01% |
82,225
+73,907
| +889% | +$13.3M |
|
1870
Intercorp Financial Services
IFS
$6.55B
| $15.5M | 0.01% |
383,628
+196,452
| +105% | +$7.59M |
|
1871
Skyward Specialty Insurance
SKWD
$2.58B
| $15.5M | 0.01% |
324,924
+178,415
| +122% | +$8.92M |
|
1872
Generac Holdings
GNRC
$12.5B
| $15.5M | 0.01% |
92,313
-165,553
| -64% | -$29M |
|
1873
Dorman Products
DORM
$4.18B
| $15.4M | 0.01% |
98,905
+84,465
| +585% | +$12.1M |
|
1874
Rexford Industrial Realty
REXR
$8.19B
| $15.4M | 0.01% |
374,943
+322,969
| +621% | +$12.6M |
|
|
FITB
1875
Fifth Third Bancorp
FITB
$51.8B
| $15.4M | 0.01% |
345,052
-727,951
| -68% | -$31.9M |
|
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.