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 | |
|---|---|---|---|---|---|---|
2326
PUT
Nu Holdings
NU
$66.9B
| $9.68M | ﹤0.01% |
604,600
+115,800
| +24% | +$1.62M |
|
2327
CALL
Advance Auto Parts
AAP
$3.49B
| $9.68M | ﹤0.01% |
157,600
+41,900
| +36% | +$2.48M |
|
2328
CALL
Halliburton
HAL
$26.6B
| $9.68M | ﹤0.01% |
393,300
-783,100
| -67% | -$17.3M |
|
|
NUTX
2329
Nutex Health
NUTX
$1.11B
| $9.65M | ﹤0.01% |
93,396
+61,308
| +191% | +$6.01M |
|
2330
Alkami Technology
ALKT
$2.11B
| $9.64M | ﹤0.01% |
387,983
-53,169
| -12% | -$1.36M |
|
2331
Kimco Realty
KIM
$16.4B
| $9.63M | ﹤0.01% |
440,743
-1,104,249
| -71% | -$24M |
|
2332
iShares 3-7 Year Treasury Bond ETF
IEI
$17.8B
| $9.62M | ﹤0.01% |
80,524
+58,127
| +260% | +$6.91M |
|
2333
CALL
TransDigm Group
TDG
$67.7B
| $9.62M | ﹤0.01% |
7,300
+4,700
| +181% | +$6.72M |
|
2334
Sony
SONY
$138B
| $9.62M | ﹤0.01% |
334,115
+256,759
| +332% | +$6.9M |
|
2335
iShares Biotechnology ETF
IBB
$9.77B
| $9.62M | ﹤0.01% |
66,608
-41,792
| -39% | -$5.7M |
|
2336
NB Bancorp
NBBK
$989M
| $9.59M | ﹤0.01% |
543,282
-99,789
| -16% | -$1.83M |
|
2337
CALL
Carnival Corporation Ltd
CCL
$39.7B
| $9.58M | ﹤0.01% |
331,500
-293,800
| -47% | -$8.87M |
|
2338
Iovance Biotherapeutics
IOVA
$2.87B
| $9.58M | ﹤0.01% |
4,413,451
-4,916,772
| -53% | -$11.6M |
|
2339
PUT
The Mosaic Company
MOS
$7.33B
| $9.56M | ﹤0.01% |
275,600
-39,800
| -13% | -$1.37M |
|
2340
CALL
United Rentals
URI
$72.4B
| $9.55M | ﹤0.01% |
10,000
+100
| +1% | +$89.1K |
|
2341
PUT
Teradyne
TER
$59.3B
| $9.52M | ﹤0.01% |
69,200
+21,400
| +45% | +$2.34M |
|
2342
CALL
Vertiv
VRT
$105B
| $9.52M | ﹤0.01% |
63,100
-239,200
| -79% | -$31.9M |
|
2343
Gossamer Bio
GOSS
$87M
| $9.52M | ﹤0.01% |
3,619,329
+3,123,081
| +629% | +$6.88M |
|
2344
PUT
Invesco S&P 500 Equal Weight ETF
RSP
$99.5B
| $9.48M | ﹤0.01% |
50,000
| – | – |
|
2345
PUT
Truist Financial
TFC
$64B
| $9.47M | ﹤0.01% |
207,200
-31,000
| -13% | -$1.4M |
|
2346
Assured Guaranty
AGO
$3.34B
| $9.47M | ﹤0.01% |
111,841
+3,361
| +3% | +$279K |
|
|
FLY
2347
Firefly Aerospace
FLY
$4.39B
| $9.46M | ﹤0.01% |
+322,813
| New | +$14.5M |
|
2348
CALL
Rubrik
RBRK
$18.5B
| $9.46M | ﹤0.01% |
+115,000
| New | +$9.89M |
|
2349
Super Micro Computer
SMCI
$20.1B
| $9.44M | ﹤0.01% |
+197,008
| New | +$9.41M |
|
2350
Zurn Elkay Water Solutions
ZWS
$8.53B
| $9.38M | ﹤0.01% |
+199,403
| New | +$8.61M |
|
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.