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 | |
|---|---|---|---|---|---|---|
|
176
CALL
Palantir
PLTR
$420B
| $207M | 0.09% |
1,135,300
-109,600
| -9% | -$17.8M |
|
177
3M
MMM
$94.4B
| $204M | 0.09% |
1,317,353
+1,155,924
| +716% | +$178M |
|
178
Airbnb
ABNB
$111B
| $203M | 0.09% |
1,668,008
+393,265
| +31% | +$50.9M |
|
179
Netflix
NFLX
$311B
| $202M | 0.09% |
1,685,620
+59,460
| +4% | +$7.26M |
|
180
Ameriprise Financial
AMP
$49.7B
| $202M | 0.09% |
410,619
+160,907
| +64% | +$82.5M |
|
181
NextEra Energy
NEE
$179B
| $198M | 0.08% |
2,624,975
+2,173,586
| +482% | +$159M |
|
182
PUT
ServiceNow
NOW
$132B
| $198M | 0.08% |
1,074,000
+213,000
| +25% | +$39.8M |
|
|
HOLX
183
DELISTED
Hologic
HOLX
| $197M | 0.08% |
2,918,503
+1,949,741
| +201% | +$129M |
|
184
RTX Corp
RTX
$302B
| $197M | 0.08% |
1,176,806
+370,781
| +46% | +$57.6M |
|
185
Acuity Brands
AYI
$10.7B
| $197M | 0.08% |
571,017
+283,203
| +98% | +$90.3M |
|
186
Agilent Technologies
A
$42.2B
| $195M | 0.08% |
1,520,792
+424,580
| +39% | +$51.3M |
|
187
Monster Beverage
MNST
$89.2B
| $194M | 0.08% |
5,770,476
+1,597,334
| +38% | +$49.9M |
|
188
TSMC
TSM
$2.19T
| $194M | 0.08% |
693,621
-373,485
| -35% | -$91.3M |
|
189
Altria Group
MO
$109B
| $194M | 0.08% |
2,929,787
+978,598
| +50% | +$62M |
|
190
Caterpillar
CAT
$388B
| $193M | 0.08% |
403,737
-195,572
| -33% | -$83.5M |
|
|
VRNA
191
DELISTED
Verona Pharma
VRNA
| $192M | 0.08% |
1,796,738
+1,419,570
| +376% | +$148M |
|
192
CALL
Chevron
CVX
$386B
| $190M | 0.08% |
1,223,000
+233,300
| +24% | +$36.1M |
|
193
MSCI
MSCI
$40.8B
| $189M | 0.08% |
333,968
-481,799
| -59% | -$272M |
|
|
FYBR
194
DELISTED
Frontier Communications
FYBR
| $188M | 0.08% |
5,028,252
+345,746
| +7% | +$12.8M |
|
195
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$40.6B
| $187M | 0.08% |
2,089,800
+601,600
| +40% | +$52.6M |
|
196
PUT
Johnson & Johnson
JNJ
$626B
| $186M | 0.08% |
1,000,600
+75,200
| +8% | +$12.9M |
|
197
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$43.9B
| $185M | 0.08% |
1,327,300
-260,200
| -16% | -$35.2M |
|
|
198
PUT
Caterpillar
CAT
$388B
| $185M | 0.08% |
386,700
-62,800
| -14% | -$26.8M |
|
199
Tesla
TSLA
$1.31T
| $184M | 0.08% |
414,353
+311,542
| +303% | +$108M |
|
200
Danaher
DHR
$146B
| $184M | 0.08% |
927,575
-898,763
| -49% | -$179M |
|
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.