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 | |
|---|---|---|---|---|---|---|
2126
AngloGold Ashanti
AU
$48.7B
| $11.8M | 0.01% |
167,590
-493,803
| -75% | -$27.6M |
|
2127
Edgewise Therapeutics
EWTX
$4.73B
| $11.8M | 0.01% |
725,425
-196,540
| -21% | -$2.79M |
|
2128
NewMarket
NEU
$8.18B
| $11.8M | 0.01% |
14,188
+6,812
| +92% | +$5.25M |
|
2129
iShares MSCI China ETF
MCHI
$6.38B
| $11.7M | 0.01% |
177,999
+154,443
| +656% | +$9.26M |
|
2130
PUT
eBay
EBAY
$49.8B
| $11.7M | 0.01% |
128,800
+15,400
| +14% | +$1.36M |
|
2131
Frontline
FRO
$8.85B
| $11.7M | 0.01% |
513,142
+316,856
| +161% | +$6.42M |
|
2132
Navient
NAVI
$853M
| $11.7M | 0.01% |
888,186
+365,677
| +70% | +$4.96M |
|
2133
PUT
Futu Holdings
FUTU
$15.3B
| $11.7M | 0.01% |
67,000
+35,300
| +111% | +$5.86M |
|
2134
Rocket Pharmaceuticals
RCKT
$394M
| $11.6M | 0.01% |
3,570,391
+1,221,554
| +52% | +$3.85M |
|
2135
Douglas Emmett
DEI
$1.96B
| $11.6M | 0.01% |
747,179
+423,451
| +131% | +$6.62M |
|
2136
Byline Bancorp
BY
$1.76B
| $11.6M | 0.01% |
419,127
-135,120
| -24% | -$3.77M |
|
|
ECHO
2137
CALL
EchoStar
ECHO
$26.2B
| $11.6M | 0.01% |
152,200
-197,800
| -57% | -$8.96M |
|
2138
Teekay
TK
$985M
| $11.6M | 0.01% |
1,420,284
+666,990
| +89% | +$5.31M |
|
2139
ProPetro Holding
PUMP
$1.35B
| $11.6M | 0.01% |
2,215,896
+1,756,812
| +383% | +$9.32M |
|
2140
Merchants Bancorp
MBIN
$2.49B
| $11.6M | 0.01% |
365,075
+210,151
| +136% | +$6.9M |
|
|
QMMM
2141
QMMM Holdings
QMMM
| $11.6M | 0.01% |
+97,213
| New | +$2.49M |
|
|
INGM
2142
Ingram Micro Holding
INGM
$6.55B
| $11.6M | 0.01% |
539,737
+29,473
| +6% | +$598K |
|
2143
Spire
SR
$4.85B
| $11.6M | ﹤0.01% |
142,110
-52,589
| -27% | -$4M |
|
2144
State Street SPDR S&P Metals & Mining ETF
XME
$4.42B
| $11.6M | ﹤0.01% |
+124,113
| New | +$9.9M |
|
2145
STAG Industrial
STAG
$7.19B
| $11.6M | ﹤0.01% |
327,532
+250,454
| +325% | +$8.93M |
|
2146
CALL
Roku
ROKU
$22.7B
| $11.6M | ﹤0.01% |
115,400
+67,200
| +139% | +$6.2M |
|
2147
CALL
Royal Caribbean
RCL
$85.6B
| $11.6M | ﹤0.01% |
35,700
-63,000
| -64% | -$21M |
|
2148
CALL
Amcor
AMCR
$22.1B
| $11.6M | ﹤0.01% |
282,440
+227,020
| +410% | +$10.2M |
|
2149
PUT
Abercrombie & Fitch
ANF
$5B
| $11.5M | ﹤0.01% |
135,000
+50,600
| +60% | +$4.72M |
|
2150
monday.com
MNDY
$3.94B
| $11.5M | ﹤0.01% |
59,615
-1,739
| -3% | -$400K |
|
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.