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 | |
|---|---|---|---|---|---|---|
2226
Republic Services
RSG
$65.7B
| $10.8M | ﹤0.01% |
47,240
-381,038
| -89% | -$89.4M |
|
2227
SPX Corp
SPXC
$10.8B
| $10.8M | ﹤0.01% |
+57,905
| New | +$10.7M |
|
2228
PUT
Ciena
CIEN
$58.4B
| $10.8M | ﹤0.01% |
74,100
-61,800
| -45% | -$6.29M |
|
2229
U-Haul Holding Co Series N
UHAL.B
$12.8B
| $10.8M | ﹤0.01% |
211,934
-9,082
| -4% | -$484K |
|
2230
Old National Bancorp
ONB
$10.2B
| $10.8M | ﹤0.01% |
490,982
+453,459
| +1,208% | +$10M |
|
2231
Garrett Motion
GTX
$5.57B
| $10.8M | ﹤0.01% |
789,948
-941,720
| -54% | -$11.9M |
|
2232
CALL
Rio Tinto
RIO
$164B
| $10.8M | ﹤0.01% |
162,900
+155,400
| +2,072% | +$9.61M |
|
2233
CALL
Wynn Resorts
WYNN
$10.6B
| $10.7M | ﹤0.01% |
83,600
-24,200
| -22% | -$2.79M |
|
2234
Trip.com Group
TCOM
$29.1B
| $10.7M | ﹤0.01% |
142,567
+9,446
| +7% | +$631K |
|
2235
Voyager Therapeutics
VYGR
$201M
| $10.7M | ﹤0.01% |
2,292,703
+1,389,542
| +154% | +$5.03M |
|
2236
PUT
Nucor
NUE
$62.1B
| $10.7M | ﹤0.01% |
79,000
-500
| -0.6% | -$70.8K |
|
2237
Otter Tail
OTTR
$3.94B
| $10.7M | ﹤0.01% |
130,283
-346,299
| -73% | -$28.1M |
|
2238
Lindblad Expeditions
LIND
$2.22B
| $10.7M | ﹤0.01% |
834,162
+446,294
| +115% | +$5.87M |
|
|
ETNB
2239
DELISTED
89bio
ETNB
| $10.7M | ﹤0.01% |
725,823
-236,651
| -25% | -$2.41M |
|
|
CWAN
2240
DELISTED
Clearwater Analytics
CWAN
| $10.7M | ﹤0.01% |
591,397
-3,960,199
| -87% | -$80.3M |
|
2241
Disc Medicine
IRON
$2.97B
| $10.6M | ﹤0.01% |
161,000
+139,407
| +646% | +$8.29M |
|
2242
Upwork
UPWK
$1.19B
| $10.6M | ﹤0.01% |
572,871
-1,323,489
| -70% | -$19.7M |
|
2243
Helen of Troy
HELE
$693M
| $10.6M | ﹤0.01% |
421,081
+158,400
| +60% | +$3.84M |
|
2244
Minerals Technologies
MTX
$2.34B
| $10.6M | ﹤0.01% |
170,570
-73,058
| -30% | -$4.46M |
|
2245
SiriusPoint
SPNT
$2.68B
| $10.6M | ﹤0.01% |
584,318
+567,757
| +3,428% | +$10.6M |
|
2246
Madison Square Garden
MSGS
$9.39B
| $10.6M | ﹤0.01% |
46,495
+14,208
| +44% | +$2.91M |
|
2247
Post Holdings
POST
$3.57B
| $10.5M | ﹤0.01% |
97,948
+8,874
| +10% | +$952K |
|
2248
CAE Inc. Common Shares
CAE
$8.74B
| $10.5M | ﹤0.01% |
354,880
-28,718
| -7% | -$808K |
|
2249
TG Therapeutics
TGTX
$7.62B
| $10.5M | ﹤0.01% |
290,887
-324,846
| -53% | -$10.7M |
|
2250
Palo Alto Networks
PANW
$297B
| $10.5M | ﹤0.01% |
51,578
-143,457
| -74% | -$27.5M |
|
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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.