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 | |
|---|---|---|---|---|---|---|
2176
Albemarle
ALB
$15.5B
| $11.4M | ﹤0.01% |
140,567
-435,542
| -76% | -$33.6M |
|
2177
Fortrea Holdings
FTRE
$1.75B
| $11.4M | ﹤0.01% |
1,353,210
-387,536
| -22% | -$2.97M |
|
|
AAUC
2178
Allied Gold Corp
AAUC
$2.76B
| $11.4M | ﹤0.01% |
651,315
+461,628
| +243% | +$6.49M |
|
2179
Virtu Financial
VIRT
$4.93B
| $11.4M | ﹤0.01% |
320,599
-257,619
| -45% | -$10.6M |
|
2180
Sweetgreen
SG
$642M
| $11.4M | ﹤0.01% |
1,426,099
-1,705,759
| -54% | -$18.5M |
|
2181
Casella Waste Systems
CWST
$5.69B
| $11.4M | ﹤0.01% |
119,691
+72,749
| +155% | +$7.32M |
|
2182
Enanta Pharmaceuticals
ENTA
$400M
| $11.3M | ﹤0.01% |
948,084
-510,509
| -35% | -$4.08M |
|
2183
PUT
Lennar Class A
LEN
$21.2B
| $11.3M | ﹤0.01% |
90,000
+9,900
| +12% | +$1.23M |
|
2184
CALL
US Bancorp
USB
$99.6B
| $11.3M | ﹤0.01% |
234,700
+7,000
| +3% | +$331K |
|
2185
Under Armour Class C
UA
$2.53B
| $11.3M | ﹤0.01% |
2,346,929
+1,421,981
| +154% | +$7.95M |
|
2186
CALL
Lockheed Martin
LMT
$136B
| $11.3M | ﹤0.01% |
22,700
+2,500
| +12% | +$1.13M |
|
2187
Compass Therapeutics
CMPX
$387M
| $11.3M | ﹤0.01% |
3,237,572
+2,386,367
| +280% | +$7.54M |
|
2188
Varex Imaging
VREX
$523M
| $11.3M | ﹤0.01% |
913,169
+497,650
| +120% | +$4.93M |
|
2189
Goodyear
GT
$1.85B
| $11.3M | ﹤0.01% |
1,511,249
+785,487
| +108% | +$7.38M |
|
2190
CALL
MGM Resorts International
MGM
$11.2B
| $11.3M | ﹤0.01% |
325,700
+213,900
| +191% | +$7.85M |
|
|
MRX
2191
Marex Group Limited Ordinary Shares
MRX
$4.37B
| $11.3M | ﹤0.01% |
335,606
-688,871
| -67% | -$24.9M |
|
|
ZEPP
2192
Zepp Health
ZEPP
$69.7M
| $11.3M | ﹤0.01% |
+246,076
| New | +$7.45M |
|
|
SMA
2193
SmartStop Self Storage REIT
SMA
$1.9B
| $11.3M | ﹤0.01% |
298,955
-70,427
| -19% | -$2.56M |
|
2194
Lionsgate Studios
LION
$3.86B
| $11.3M | ﹤0.01% |
1,630,677
+613,018
| +60% | +$3.94M |
|
2195
Viking Therapeutics
VKTX
$4B
| $11.2M | ﹤0.01% |
427,695
-514,242
| -55% | -$15.3M |
|
2196
CALL
Mercado Libre
MELI
$92.3B
| $11.2M | ﹤0.01% |
4,800
-2,900
| -38% | -$6.96M |
|
2197
uniQure
QURE
$3.22B
| $11.2M | ﹤0.01% |
191,600
+58,936
| +44% | +$1.07M |
|
2198
International Flavors & Fragrances
IFF
$21.9B
| $11.1M | ﹤0.01% |
181,073
-1,704,594
| -90% | -$117M |
|
2199
PUT
HP
HPQ
$27.5B
| $11.1M | ﹤0.01% |
409,100
+153,500
| +60% | +$4.09M |
|
2200
PUT
Duke Energy
DUK
$97.3B
| $11.1M | ﹤0.01% |
90,000
-38,300
| -30% | -$4.65M |
|
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.