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 | |
|---|---|---|---|---|---|---|
2251
Quaker Houghton
KWR
$2.92B
| $10.5M | ﹤0.01% |
79,696
+77,565
| +3,640% | +$10.2M |
|
2252
Intellia Therapeutics
NTLA
$1.67B
| $10.5M | ﹤0.01% |
607,563
-223,443
| -27% | -$2.75M |
|
2253
Apollo Global Management
APO
$73.4B
| $10.5M | ﹤0.01% |
78,614
-221,040
| -74% | -$31.3M |
|
2254
Columbia Banking Systems
COLB
$8.84B
| $10.4M | ﹤0.01% |
405,294
-825,271
| -67% | -$21M |
|
2255
Origin Bancorp
OBK
$1.66B
| $10.4M | ﹤0.01% |
301,217
+245,320
| +439% | +$9.09M |
|
2256
CNX Resources
CNX
$5.2B
| $10.4M | ﹤0.01% |
322,916
-568,258
| -64% | -$17.4M |
|
|
AVNS
2257
DELISTED
Avanos Medical
AVNS
| $10.4M | ﹤0.01% |
896,242
+678,898
| +312% | +$7.95M |
|
2258
NBT Bancorp
NBTB
$2.74B
| $10.4M | ﹤0.01% |
248,050
+210,699
| +564% | +$9.04M |
|
2259
CALL
VanEck Oil Services ETF
OIH
$1.92B
| $10.3M | ﹤0.01% |
39,800
+11,000
| +38% | +$2.73M |
|
2260
CALL
EOG Resources
EOG
$70.7B
| $10.3M | ﹤0.01% |
92,200
-34,000
| -27% | -$4.05M |
|
2261
Associated Banc-Corp
ASB
$5.91B
| $10.3M | ﹤0.01% |
401,880
-1,219,425
| -75% | -$31.3M |
|
|
JAMF
2262
DELISTED
Jamf
JAMF
| $10.3M | ﹤0.01% |
965,510
+36,508
| +4% | +$331K |
|
|
IMSR
2263
Terrestrial Energy
IMSR
$617M
| $10.3M | ﹤0.01% |
629,363
+429,363
| +215% | +$5.11M |
|
2264
Atmos Energy
ATO
$28.8B
| $10.3M | ﹤0.01% |
60,426
-31,118
| -34% | -$5.02M |
|
2265
Paymentus
PAY
$4.86B
| $10.3M | ﹤0.01% |
336,752
+31,327
| +10% | +$1.04M |
|
2266
InterDigital
IDCC
$8.89B
| $10.3M | ﹤0.01% |
29,797
-9,383
| -24% | -$2.55M |
|
|
HSII
2267
DELISTED
Heidrick & Struggles
HSII
| $10.3M | ﹤0.01% |
206,662
+74,716
| +57% | +$3.6M |
|
2268
Hallador Energy
HNRG
$696M
| $10.3M | ﹤0.01% |
525,080
+496,628
| +1,745% | +$8.53M |
|
2269
CALL
BellRing Brands
BRBR
$1.34B
| $10.2M | ﹤0.01% |
281,800
+250,500
| +800% | +$11.3M |
|
2270
Verastem
VSTM
$610M
| $10.2M | ﹤0.01% |
1,159,598
+1,106,211
| +2,072% | +$8.23M |
|
2271
Global Payments
GPN
$22.8B
| $10.2M | ﹤0.01% |
122,951
-479,954
| -80% | -$40.4M |
|
2272
Enovis
ENOV
$1.53B
| $10.2M | ﹤0.01% |
336,339
+160,060
| +91% | +$4.85M |
|
2273
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.5B
| $10.2M | ﹤0.01% |
22,000
-39,600
| -64% | -$17.8M |
|
2274
CG Oncology
CGON
$6.66B
| $10.2M | ﹤0.01% |
253,176
-706,792
| -74% | -$20.5M |
|
2275
Cedar Fair
FUN
$1.67B
| $10.2M | ﹤0.01% |
448,682
+426,399
| +1,914% | +$11.3M |
|
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.