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 | |
|---|---|---|---|---|---|---|
1901
UDR
UDR
$12.3B
| $15M | 0.01% |
401,383
+386,939
| +2,679% | +$15.1M |
|
1902
Vail Resorts
MTN
$5.3B
| $14.9M | 0.01% |
99,745
+93,089
| +1,399% | +$14.4M |
|
1903
Byrna Technologies
BYRN
$101M
| $14.9M | 0.01% |
673,138
+467,932
| +228% | +$10.4M |
|
1904
Invesco Solar ETF
TAN
$1.49B
| $14.9M | 0.01% |
+341,536
| New | +$13.6M |
|
1905
NCR Atleos
NATL
$3.44B
| $14.9M | 0.01% |
+379,027
| New | +$13.2M |
|
1906
Strive Inc
ASST
$1.05B
| $14.9M | 0.01% |
555,640
+84
| +0% | +$7.98K |
|
1907
Digital Realty Trust
DLR
$71.7B
| $14.9M | 0.01% |
86,082
+31,509
| +58% | +$5.39M |
|
1908
CALL
Moderna
MRNA
$23.6B
| $14.9M | 0.01% |
576,100
+162,100
| +39% | +$4.52M |
|
1909
PUT
e.l.f. Beauty
ELF
$5.81B
| $14.9M | 0.01% |
112,300
+21,400
| +24% | +$2.64M |
|
1910
Unifirst Corp
UNF
$5.25B
| $14.9M | 0.01% |
88,965
+29,358
| +49% | +$5.1M |
|
1911
Emerson Electric
EMR
$88.3B
| $14.9M | 0.01% |
113,258
-7,805
| -6% | -$1.06M |
|
|
VISN
1912
Vistance Networks Inc
VISN
$2.52B
| $14.8M | 0.01% |
957,633
+717,870
| +299% | +$9.32M |
|
1913
CALL
Penumbra
PEN
$12.8B
| $14.8M | 0.01% |
58,500
+40,000
| +216% | +$10.1M |
|
1914
CALL
NextEra Energy
NEE
$177B
| $14.8M | 0.01% |
196,100
+76,800
| +64% | +$5.61M |
|
1915
PUT
Telus
TU
$15.3B
| $14.8M | 0.01% |
675,000
| – | – |
|
1916
Banco Bilbao Vizcaya Argentaria
BBVA
$156B
| $14.8M | 0.01% |
768,243
+605,947
| +373% | +$10.6M |
|
|
DAY
1917
DELISTED
Dayforce
DAY
| $14.8M | 0.01% |
214,438
-708,662
| -77% | -$44.1M |
|
1918
Viavi Solutions
VIAV
$9.66B
| $14.8M | 0.01% |
1,163,336
+1,030,071
| +773% | +$11.3M |
|
1919
FirstCash
FCFS
$8.78B
| $14.7M | 0.01% |
93,006
-31,968
| -26% | -$4.47M |
|
1920
Magnite
MGNI
$3.55B
| $14.7M | 0.01% |
+676,349
| New | +$16M |
|
1921
Enovix
ENVX
$1.03B
| $14.7M | 0.01% |
1,476,879
+1,420,103
| +2,501% | +$15.7M |
|
|
MPT
1922
PUT
Medical Properties Trust
MPT
$2.81B
| $14.7M | 0.01% |
2,901,000
+387,900
| +15% | +$1.71M |
|
1923
Privia Health
PRVA
$2.87B
| $14.7M | 0.01% |
590,316
-210,744
| -26% | -$4.54M |
|
|
HIVE
1924
HIVE Digital Technologies
HIVE
$777M
| $14.7M | 0.01% |
3,647,093
+398,620
| +12% | +$1.07M |
|
1925
Occidental Petroleum
OXY
$55.9B
| $14.7M | 0.01% |
310,542
+179,757
| +137% | +$8.12M |
|
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.