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 | |
|---|---|---|---|---|---|---|
2151
PUT
Teva Pharmaceuticals
TEVA
$41.2B
| $11.5M | ﹤0.01% |
571,500
+472,000
| +474% | +$8.29M |
|
2152
H&R Block
HRB
$5.86B
| $11.5M | ﹤0.01% |
228,003
-114,854
| -33% | -$6.07M |
|
2153
Photronics
PLAB
$1.93B
| $11.5M | ﹤0.01% |
502,311
-141,953
| -22% | -$3.04M |
|
2154
Hamilton Insurance Group
HG
$3.56B
| $11.5M | ﹤0.01% |
464,406
+13,018
| +3% | +$297K |
|
2155
Invesco Mortgage Capital
IVR
$805M
| $11.5M | ﹤0.01% |
1,523,395
+1,434,149
| +1,607% | +$10.9M |
|
|
KEEL
2156
Keel Infrastructure Corp
KEEL
$2.34B
| $11.5M | ﹤0.01% |
4,082,126
+3,806,882
| +1,383% | +$5.9M |
|
2157
PUT
Credo Technology Group
CRDO
$46.6B
| $11.5M | ﹤0.01% |
78,900
+18,000
| +30% | +$2.2M |
|
2158
Invitation Homes
INVH
$18B
| $11.5M | ﹤0.01% |
391,643
-197,372
| -34% | -$6.08M |
|
2159
Bread Financial
BFH
$4.38B
| $11.5M | ﹤0.01% |
205,896
+99,155
| +93% | +$6.12M |
|
2160
Treace Medical Concepts
TMCI
$309M
| $11.5M | ﹤0.01% |
1,710,140
+192,929
| +13% | +$1.26M |
|
2161
CALL
Affirm
AFRM
$25.2B
| $11.5M | ﹤0.01% |
157,000
-44,900
| -22% | -$3.42M |
|
|
MBX
2162
MBX Biosciences
MBX
$3.27B
| $11.5M | ﹤0.01% |
655,416
-111,424
| -15% | -$1.49M |
|
2163
Ultrapar
UGP
$6.54B
| $11.5M | ﹤0.01% |
2,796,662
+2,108,543
| +306% | +$7.17M |
|
2164
CALL
Zillow
Z
$7.56B
| $11.5M | ﹤0.01% |
148,800
+38,300
| +35% | +$3.13M |
|
2165
CALL
Uranium Energy
UEC
$5.57B
| $11.5M | ﹤0.01% |
859,100
+504,900
| +143% | +$5.05M |
|
2166
Paycom
PAYC
$9.69B
| $11.5M | ﹤0.01% |
55,044
+21,114
| +62% | +$4.76M |
|
2167
Teledyne Technologies
TDY
$32B
| $11.5M | ﹤0.01% |
19,545
-98
| -0.5% | -$53.7K |
|
2168
Bio-Techne
TECH
$11.3B
| $11.4M | ﹤0.01% |
205,616
-1,435,033
| -87% | -$76.9M |
|
2169
FNB Corp
FNB
$6.75B
| $11.4M | ﹤0.01% |
709,622
+614,731
| +648% | +$9.78M |
|
2170
Microvast
MVST
$302M
| $11.4M | ﹤0.01% |
2,969,060
-1,718,332
| -37% | -$5.37M |
|
2171
Blue Bird Corp
BLBD
$2.18B
| $11.4M | ﹤0.01% |
198,568
-379,887
| -66% | -$19.8M |
|
|
WBI
2172
WaterBridge Infrastructure LLC
WBI
$1.5B
| $11.4M | ﹤0.01% |
+453,116
| New | +$10.6M |
|
2173
Datadog
DDOG
$84B
| $11.4M | ﹤0.01% |
80,236
-2,055,213
| -96% | -$283M |
|
2174
Evolus
EOLS
$501M
| $11.4M | ﹤0.01% |
1,859,003
+375,577
| +25% | +$2.93M |
|
|
SLDE
2175
Slide Insurance Holdings
SLDE
$2.47B
| $11.4M | ﹤0.01% |
722,895
+571,483
| +377% | +$9.37M |
|
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.