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 | |
|---|---|---|---|---|---|---|
2276
iShares Silver Trust
SLV
$30.7B
| $10.2M | ﹤0.01% |
240,595
+81,387
| +51% | +$2.92M |
|
2277
NuScale Power
SMR
$4.03B
| $10.2M | ﹤0.01% |
283,010
+33,811
| +14% | +$1.35M |
|
|
PENG
2278
Penguin Solutions Inc
PENG
$2.99B
| $10.1M | ﹤0.01% |
+385,695
| New | +$9.44M |
|
2279
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$33.7B
| $10.1M | ﹤0.01% |
65,700
-60,000
| -48% | -$9.09M |
|
2280
CALL
LPL Financial
LPLA
$28.6B
| $10.1M | ﹤0.01% |
+30,300
| New | +$11M |
|
2281
Aspen Aerogels
ASPN
$518M
| $10.1M | ﹤0.01% |
1,447,517
+540,772
| +60% | +$3.81M |
|
|
GRSD
2282
Grandstand Limited Ordinary Shares
GRSD
$67M
| $10.1M | ﹤0.01% |
1,231,370
+860,369
| +232% | +$8.32M |
|
2283
PUT
Wingstop
WING
$3.18B
| $10.1M | ﹤0.01% |
40,000
-3,600
| -8% | -$1.12M |
|
|
CCCX
2284
DELISTED
Churchill Capital Corp X
CCCX
| $10.1M | ﹤0.01% |
+782,463
| New | +$8.26M |
|
2285
WEC Energy
WEC
$35.1B
| $10M | ﹤0.01% |
87,693
-80,544
| -48% | -$8.73M |
|
2286
CALL
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $10M | ﹤0.01% |
128,100
+73,500
| +135% | +$5.94M |
|
2287
CALL
Repligen
RGEN
$9.25B
| $10M | ﹤0.01% |
+75,100
| New | +$9.12M |
|
2288
Inhibrx
INBX
$1.3B
| $10M | ﹤0.01% |
297,820
+22,042
| +8% | +$543K |
|
2289
Graham Holdings Company
GHC
$5.02B
| $10M | ﹤0.01% |
8,515
+6,670
| +362% | +$6.9M |
|
2290
Compass Minerals
CMP
$1.15B
| $10M | ﹤0.01% |
522,108
+413,205
| +379% | +$8.21M |
|
2291
Reliance Steel & Aluminium
RS
$21.6B
| $10M | ﹤0.01% |
35,599
-91,458
| -72% | -$27.4M |
|
2292
4D Molecular Therapeutics
FDMT
$562M
| $9.99M | ﹤0.01% |
1,149,401
-334,323
| -23% | -$2M |
|
2293
Whirlpool
WHR
$2.82B
| $9.98M | ﹤0.01% |
126,968
-130,309
| -51% | -$12M |
|
2294
Symbotic
SYM
$5.22B
| $9.97M | ﹤0.01% |
184,986
+60,560
| +49% | +$3.06M |
|
2295
Live Oak Bancshares
LOB
$1.97B
| $9.96M | ﹤0.01% |
282,933
-356,903
| -56% | -$12.3M |
|
|
NXRT
2296
NexPoint Residential Trust
NXRT
$652M
| $9.96M | ﹤0.01% |
309,004
-133,769
| -30% | -$4.41M |
|
2297
Brady Corp
BRC
$4.57B
| $9.96M | ﹤0.01% |
127,585
-31,977
| -20% | -$2.36M |
|
2298
CALL
PNC Financial Services
PNC
$101B
| $9.95M | ﹤0.01% |
49,500
+41,100
| +489% | +$8.13M |
|
2299
CALL
Western Digital
WDC
$150B
| $9.93M | ﹤0.01% |
82,700
-31,300
| -27% | -$2.56M |
|
2300
Codexis
CDXS
$158M
| $9.92M | ﹤0.01% |
4,067,559
+3,950,557
| +3,376% | +$10.8M |
|
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.