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 | |
|---|---|---|---|---|---|---|
2026
Chord Energy
CHRD
$7.39B
| $13M | 0.01% |
131,107
+52,289
| +66% | +$5.5M |
|
2027
PUT
Old Dominion Freight Line
ODFL
$44.9B
| $13M | 0.01% |
92,400
+38,200
| +70% | +$5.85M |
|
2028
Century Aluminum
CENX
$5.07B
| $13M | 0.01% |
442,673
-69,844
| -14% | -$1.58M |
|
|
ARX
2029
Accelerant Holdings
ARX
$2.72B
| $13M | 0.01% |
+872,080
| New | +$20.4M |
|
2030
Credit Acceptance
CACC
$6.08B
| $13M | 0.01% |
27,798
+26,583
| +2,188% | +$13.3M |
|
2031
First Interstate BancSystem
FIBK
$3.58B
| $13M | 0.01% |
407,008
-446,085
| -52% | -$13.9M |
|
|
OS
2032
DELISTED
OneStream Inc
OS
| $13M | 0.01% |
703,776
-83,818
| -11% | -$1.84M |
|
2033
PUT
CoStar Group
CSGP
$12.3B
| $13M | 0.01% |
153,700
-41,900
| -21% | -$3.7M |
|
2034
Pilgrim's Pride
PPC
$6.54B
| $13M | 0.01% |
318,098
+171,478
| +117% | +$7.78M |
|
2035
CALL
DexCom
DXCM
$32B
| $12.9M | 0.01% |
192,300
+121,500
| +172% | +$9.62M |
|
2036
PUT
State Street SPDR S&P Retail ETF
XRT
$327M
| $12.9M | 0.01% |
150,000
-1,160,000
| -89% | -$96.7M |
|
2037
Telus
TU
$15.3B
| $12.9M | 0.01% |
818,157
+764,525
| +1,426% | +$12.4M |
|
|
VG
2038
Venture Global Inc
VG
$32.9B
| $12.9M | 0.01% |
907,224
+401,529
| +79% | +$5.72M |
|
2039
Inter&Co
INTR
$2.33B
| $12.9M | 0.01% |
1,392,622
+763,542
| +121% | +$6M |
|
2040
CALL
Zoom
ZM
$30.6B
| $12.8M | 0.01% |
155,700
-63,300
| -29% | -$4.94M |
|
2041
Clarivate
CLVT
$1.16B
| $12.8M | 0.01% |
3,351,384
-252,141
| -7% | -$1.06M |
|
2042
PUT
Prologis
PLD
$133B
| $12.8M | 0.01% |
111,500
-77,800
| -41% | -$8.55M |
|
2043
Service Corp International
SCI
$11.6B
| $12.8M | 0.01% |
153,271
-199,222
| -57% | -$15.9M |
|
2044
TTM Technologies
TTMI
$14.5B
| $12.7M | 0.01% |
221,241
-798,971
| -78% | -$37.1M |
|
|
ETHA
2045
CALL
iShares Ethereum Trust ETF
ETHA
$5.55B
| $12.7M | 0.01% |
+404,400
| New | +$12M |
|
2046
U-Haul Holding Co
UHAL
$14.6B
| $12.7M | 0.01% |
222,649
-126,555
| -36% | -$7.46M |
|
2047
RLI Corp
RLI
$5.89B
| $12.7M | 0.01% |
194,791
-348,789
| -64% | -$23.6M |
|
2048
CALL
Annaly Capital Management
NLY
$17.4B
| $12.7M | 0.01% |
628,000
+469,800
| +297% | +$9.74M |
|
2049
PUT
Waste Management
WM
$91B
| $12.7M | 0.01% |
57,300
-9,200
| -14% | -$2.07M |
|
2050
Patria Investments
PAX
$1.86B
| $12.6M | 0.01% |
865,107
+30,978
| +4% | +$433K |
|
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.