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 | |
|---|---|---|---|---|---|---|
2076
Camden Property Trust
CPT
$11.3B
| $12.4M | 0.01% |
116,150
-266,700
| -70% | -$29.3M |
|
2077
Duolingo
DUOL
$6.12B
| $12.4M | 0.01% |
38,521
-237,621
| -86% | -$79.5M |
|
|
AL
2078
DELISTED
Air Lease Corp
AL
| $12.4M | 0.01% |
194,636
-36,782
| -16% | -$2.2M |
|
2079
CALL
Corning
GLW
$143B
| $12.4M | 0.01% |
150,900
-313,800
| -68% | -$20.5M |
|
2080
CALL
Baker Hughes
BKR
$61.1B
| $12.4M | 0.01% |
253,800
+20,600
| +9% | +$909K |
|
|
SCS
2081
DELISTED
Steelcase
SCS
| $12.4M | 0.01% |
718,781
-98,900
| -12% | -$1.43M |
|
2082
Western Union
WU
$2.21B
| $12.4M | 0.01% |
1,546,864
-1,942,155
| -56% | -$16.2M |
|
2083
GH Research
GHRS
$2.08B
| $12.3M | 0.01% |
863,602
+659,957
| +324% | +$9.23M |
|
2084
PUT
Cigna
CI
$74.6B
| $12.3M | 0.01% |
42,800
-81,700
| -66% | -$24.2M |
|
2085
Appian
APPN
$2.48B
| $12.3M | 0.01% |
402,958
+332,992
| +476% | +$10M |
|
2086
CALL
ConocoPhillips
COP
$141B
| $12.3M | 0.01% |
130,000
-8,500
| -6% | -$804K |
|
2087
Newell Brands
NWL
$2.56B
| $12.3M | 0.01% |
2,345,892
+1,166,368
| +99% | +$6.61M |
|
2088
CALL
Carrier Global
CARR
$52.8B
| $12.3M | 0.01% |
205,900
+109,100
| +113% | +$7.41M |
|
2089
1st Source
SRCE
$2.12B
| $12.3M | 0.01% |
199,648
-45,454
| -19% | -$2.85M |
|
2090
CALL
Etsy
ETSY
$7.85B
| $12.3M | 0.01% |
184,900
+111,900
| +153% | +$6.68M |
|
2091
The GEO Group
GEO
$4.04B
| $12.3M | 0.01% |
598,707
+242,686
| +68% | +$5.54M |
|
|
TPH
2092
DELISTED
Tri Pointe Homes
TPH
| $12.3M | 0.01% |
361,066
-151,365
| -30% | -$5.15M |
|
2093
CALL
Royal Bank of Canada
RY
$293B
| $12.2M | 0.01% |
63,400
| – | – |
|
2094
AbCellera Biologics
ABCL
$2.12B
| $12.2M | 0.01% |
2,429,736
-967,853
| -28% | -$4.27M |
|
2095
OppFi
OPFI
$803M
| $12.2M | 0.01% |
1,077,051
+35,888
| +3% | +$403K |
|
2096
Columbus McKinnon
CMCO
$584M
| $12.2M | 0.01% |
850,951
+379,096
| +80% | +$5.7M |
|
2097
BigBear.ai
BBAI
$1.57B
| $12.2M | 0.01% |
1,870,860
-1,463,833
| -44% | -$9.37M |
|
2098
Tecnoglass Holdings Inc.
TGLS
$1.96B
| $12.2M | 0.01% |
181,745
+141,542
| +352% | +$10.4M |
|
2099
Andersons Inc
ANDE
$2.22B
| $12.1M | 0.01% |
304,732
-166,721
| -35% | -$6.42M |
|
2100
Mirion Technologies
MIR
$3.91B
| $12.1M | 0.01% |
521,021
-2,360,926
| -82% | -$51M |
|
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.