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 | |
|---|---|---|---|---|---|---|
1951
PUT
3M
MMM
$94.3B
| $14.2M | 0.01% |
91,300
-28,900
| -24% | -$4.46M |
|
1952
Descartes Systems
DSGX
$6.82B
| $14.1M | 0.01% |
150,235
+98,869
| +192% | +$10.1M |
|
1953
Clorox
CLX
$12.7B
| $14.1M | 0.01% |
114,720
-1,380,694
| -92% | -$171M |
|
|
OTF
1954
Blue Owl Technology Finance Corp
OTF
$5.36B
| $14.1M | 0.01% |
+1,020,665
| New | +$15.3M |
|
1955
Bloom Energy
BE
$64.6B
| $14.1M | 0.01% |
166,784
-77,207
| -32% | -$3.59M |
|
1956
CALL
Manulife Financial
MFC
$73.5B
| $14.1M | 0.01% |
325,000
-47,800
| -13% | -$1.47M |
|
1957
Nurix Therapeutics
NRIX
$2.65B
| $14.1M | 0.01% |
1,523,959
+596,401
| +64% | +$6.19M |
|
|
MCW
1958
DELISTED
Mister Car Wash
MCW
| $14.1M | 0.01% |
2,641,893
+579,213
| +28% | +$3.41M |
|
|
SLNO
1959
PUT
DELISTED
Soleno Therapeutics
SLNO
| $14M | 0.01% |
+207,700
| New | +$15.4M |
|
|
P
1960
CALL
Everpure Inc
P
$29.9B
| $14M | 0.01% |
167,500
+33,300
| +25% | +$2.21M |
|
1961
Western Alliance Bancorporation
WAL
$8.87B
| $14M | 0.01% |
161,814
+101,643
| +169% | +$8.61M |
|
1962
Sylvamo
SLVM
$1.63B
| $14M | 0.01% |
316,380
+308,560
| +3,946% | +$14.3M |
|
1963
AGCO
AGCO
$7.2B
| $14M | 0.01% |
130,399
-704,263
| -84% | -$77.8M |
|
1964
PUT
Enphase Energy
ENPH
$5.53B
| $14M | 0.01% |
394,300
+69,100
| +21% | +$2.57M |
|
|
1965
CALL
Enphase Energy
ENPH
$5.53B
| $13.9M | 0.01% |
394,100
+18,100
| +5% | +$672K |
|
1966
Pricesmart
PSMT
$5.46B
| $13.9M | 0.01% |
114,936
+112,747
| +5,151% | +$12.5M |
|
1967
Becton Dickinson
BDX
$48.2B
| $13.8M | 0.01% |
73,579
+10,091
| +16% | +$1.87M |
|
1968
Tootsie Roll Industries
TR
$2.98B
| $13.8M | 0.01% |
338,173
+185,762
| +122% | +$7.03M |
|
|
GLDD
1969
DELISTED
Great Lakes Dredge & Dock
GLDD
| $13.7M | 0.01% |
1,146,135
+797,411
| +229% | +$9.24M |
|
1970
CALL
Southern Company
SO
$107B
| $13.7M | 0.01% |
145,000
-25,000
| -15% | -$2.33M |
|
1971
Cellebrite
CLBT
$3.99B
| $13.7M | 0.01% |
741,267
-1,259,562
| -63% | -$19.8M |
|
1972
Denison Mines
DNN
$2.91B
| $13.7M | 0.01% |
4,987,811
+241,401
| +5% | +$534K |
|
1973
CALL
Apollo Global Management
APO
$73.4B
| $13.7M | 0.01% |
102,800
-45,900
| -31% | -$6.5M |
|
1974
PUT
Hilton Worldwide
HLT
$71.5B
| $13.7M | 0.01% |
52,700
-18,100
| -26% | -$4.89M |
|
1975
CALL
Bitdeer Technologies
BTDR
$2.65B
| $13.7M | 0.01% |
+800,000
| New | +$11.2M |
|
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.