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 | |
|---|---|---|---|---|---|---|
2101
XPeng
XPEV
$11.6B
| $12.1M | 0.01% |
517,397
+138,959
| +37% | +$2.79M |
|
2102
TMC The Metals Company
TMC
$1.98B
| $12.1M | 0.01% |
1,895,754
-3,401,447
| -64% | -$20.4M |
|
2103
American States Water
AWR
$3.46B
| $12.1M | 0.01% |
164,542
-61,536
| -27% | -$4.58M |
|
2104
Independent Bank Corp
IBCP
$844M
| $12.1M | 0.01% |
389,220
+146,646
| +60% | +$4.74M |
|
2105
Peoples Bancorp
PEBO
$1.47B
| $12M | 0.01% |
400,064
+127,778
| +47% | +$3.87M |
|
2106
Diamondrock Hospitality Co
DRH
$2.56B
| $12M | 0.01% |
1,506,982
+21,035
| +1% | +$170K |
|
2107
CALL
Biogen
BIIB
$30.7B
| $12M | 0.01% |
85,600
+60,800
| +245% | +$8.22M |
|
2108
Danaos Corp
DAC
$2.56B
| $12M | 0.01% |
133,401
+82,450
| +162% | +$7.6M |
|
|
JBGS
2109
JBG SMITH
JBGS
$708M
| $11.9M | 0.01% |
535,496
+388,113
| +263% | +$7.99M |
|
2110
Revolve Group
RVLV
$1.73B
| $11.9M | 0.01% |
558,990
-865,542
| -61% | -$18.9M |
|
2111
Hyliion Holdings
HYLN
$690M
| $11.9M | 0.01% |
6,043,796
-57,060
| -0.9% | -$95K |
|
2112
Alcon
ALC
$35B
| $11.9M | 0.01% |
+159,575
| New | +$13.3M |
|
2113
PUT
AES
AES
$10.5B
| $11.9M | 0.01% |
903,100
-32,000
| -3% | -$416K |
|
2114
PUT
EOG Resources
EOG
$70.7B
| $11.9M | 0.01% |
106,000
-355,700
| -77% | -$42.4M |
|
2115
The Greenbrier Companies
GBX
$1.46B
| $11.9M | 0.01% |
257,306
-255,219
| -50% | -$12.2M |
|
2116
Cytek Biosciences
CTKB
$546M
| $11.9M | 0.01% |
3,418,382
+2,493,610
| +270% | +$9.36M |
|
2117
Dave Inc
DAVE
$4.06B
| $11.9M | 0.01% |
59,483
-70,053
| -54% | -$15.1M |
|
2118
PUT
Dow Inc
DOW
$21.2B
| $11.9M | 0.01% |
516,800
+250,700
| +94% | +$6.25M |
|
2119
Oscar Health
OSCR
$8.61B
| $11.9M | 0.01% |
625,993
+49,819
| +9% | +$821K |
|
2120
PUT
NXP Semiconductors
NXPI
$60.4B
| $11.8M | 0.01% |
52,000
-45,000
| -46% | -$10.1M |
|
2121
CALL
3M
MMM
$94.3B
| $11.8M | 0.01% |
76,300
-16,200
| -18% | -$2.5M |
|
|
TLN
2122
Talen Energy Corp
TLN
$16.7B
| $11.8M | 0.01% |
27,833
-220,197
| -89% | -$79.6M |
|
2123
Flotek Industries
FTK
$1.28B
| $11.8M | 0.01% |
809,398
+609,268
| +304% | +$7.7M |
|
2124
O-I Glass
OI
$1.08B
| $11.8M | 0.01% |
909,628
-456,730
| -33% | -$6.23M |
|
2125
CALL
Stryker
SYK
$130B
| $11.8M | 0.01% |
31,900
-19,400
| -38% | -$7.5M |
|
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.