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 | |
|---|---|---|---|---|---|---|
2051
Bitdeer Technologies
BTDR
$2.65B
| $12.6M | 0.01% |
738,829
+529,821
| +253% | +$7.44M |
|
2052
CALL
Edwards Lifesciences
EW
$51.7B
| $12.6M | 0.01% |
162,200
-409,300
| -72% | -$32M |
|
|
EFXT
2053
Enerflex
EFXT
$2.44B
| $12.6M | 0.01% |
1,169,637
-137
| -0% | -$1.27K |
|
2054
Preferred Bank
PFBC
$1.25B
| $12.6M | 0.01% |
139,373
-7,396
| -5% | -$686K |
|
2055
CALL
Brighthouse Financial
BHF
$3.5B
| $12.6M | 0.01% |
+237,000
| New | +$11.6M |
|
|
AXON
2056
PUT
Axon Enterprise
AXON
$46.4B
| $12.6M | 0.01% |
17,500
-15,600
| -47% | -$11.8M |
|
2057
American Financial Group
AFG
$12.1B
| $12.5M | 0.01% |
86,098
+60,277
| +233% | +$8M |
|
2058
Essent Group
ESNT
$6.33B
| $12.5M | 0.01% |
197,338
-334,068
| -63% | -$20.3M |
|
2059
InMode
INMD
$880M
| $12.5M | 0.01% |
841,305
-391,760
| -32% | -$5.73M |
|
2060
PUT
MetLife
MET
$62.1B
| $12.5M | 0.01% |
152,100
-181,600
| -54% | -$14.3M |
|
2061
Alarm.com
ALRM
$2.85B
| $12.5M | 0.01% |
236,006
+124,911
| +112% | +$6.97M |
|
|
CNR
2062
CALL
Core Natural Resources Inc
CNR
$4.45B
| $12.5M | 0.01% |
+150,000
| New | +$11.2M |
|
2063
BCE
BCE
$21.2B
| $12.5M | 0.01% |
534,694
+279,055
| +109% | +$6.72M |
|
2064
CALL
KKR & Co
KKR
$92.3B
| $12.5M | 0.01% |
96,100
-82,700
| -46% | -$11.7M |
|
2065
PUT
Baker Hughes
BKR
$61.1B
| $12.5M | 0.01% |
255,900
+125,700
| +97% | +$5.55M |
|
2066
Korro Bio
KRRO
$195M
| $12.5M | 0.01% |
260,333
+4,650
| +2% | +$103K |
|
2067
FB Financial Corp
FBK
$3.04B
| $12.5M | 0.01% |
223,654
+25,560
| +13% | +$1.3M |
|
2068
SL Green Realty
SLG
$3.99B
| $12.5M | 0.01% |
208,201
+188,983
| +983% | +$11.2M |
|
2069
AtriCure
ATRC
$2.11B
| $12.5M | 0.01% |
353,260
-6,805
| -2% | -$234K |
|
2070
PC Connection
CNXN
$2.12B
| $12.4M | 0.01% |
200,829
-164,415
| -45% | -$10.5M |
|
2071
Ondas Inc
ONDS
$5.19B
| $12.4M | 0.01% |
1,611,823
-580,111
| -26% | -$2.41M |
|
|
BOW
2072
Bowhead Specialty Holdings
BOW
$1.1B
| $12.4M | 0.01% |
460,174
+12,695
| +3% | +$398K |
|
2073
Horace Mann Educators
HMN
$2.11B
| $12.4M | 0.01% |
275,109
+208,014
| +310% | +$9.14M |
|
2074
Plexus
PLXS
$7.23B
| $12.4M | 0.01% |
85,882
-130,052
| -60% | -$17.6M |
|
2075
Agilysys
AGYS
$3.06B
| $12.4M | 0.01% |
117,861
+95,494
| +427% | +$10.6M |
|
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.