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 | |
|---|---|---|---|---|---|---|
2351
HCI Group
HCI
$2.41B
| $9.38M | ﹤0.01% |
48,850
-12,442
| -20% | -$1.97M |
|
2352
LeMaitre Vascular
LMAT
$1.86B
| $9.38M | ﹤0.01% |
107,137
-183,180
| -63% | -$16.4M |
|
2353
GitLab
GTLB
$6.58B
| $9.37M | ﹤0.01% |
207,899
-16,876
| -8% | -$772K |
|
2354
Mine Safety
MSA
$7.49B
| $9.35M | ﹤0.01% |
54,318
+41,467
| +323% | +$7.17M |
|
2355
Lemonade
LMND
$4.1B
| $9.33M | ﹤0.01% |
174,306
+98,650
| +130% | +$4.81M |
|
2356
Liberty Energy
LBRT
$3.25B
| $9.31M | ﹤0.01% |
754,481
-1,072,349
| -59% | -$12.4M |
|
2357
Analog Devices
ADI
$190B
| $9.3M | ﹤0.01% |
37,855
-176,344
| -82% | -$42.4M |
|
2358
CALL
STMicroelectronics
STM
$50B
| $9.28M | ﹤0.01% |
328,500
+211,400
| +181% | +$5.91M |
|
2359
Vertical Aerospace
EVTL
$173M
| $9.28M | ﹤0.01% |
1,787,790
+1,333,312
| +293% | +$7.41M |
|
2360
Philips
PHG
$26.1B
| $9.28M | ﹤0.01% |
352,976
+161,184
| +84% | +$4.14M |
|
2361
International Paper
IP
$22B
| $9.28M | ﹤0.01% |
199,923
+58,067
| +41% | +$2.84M |
|
2362
Quanex
NX
$1.01B
| $9.27M | ﹤0.01% |
652,215
-377,352
| -37% | -$7.06M |
|
2363
CALL
Celestica
CLS
$36.5B
| $9.26M | ﹤0.01% |
37,600
-118,200
| -76% | -$23.8M |
|
2364
Brown & Brown
BRO
$23.9B
| $9.26M | ﹤0.01% |
98,699
-825,483
| -89% | -$80.4M |
|
2365
MYR Group
MYRG
$5.25B
| $9.25M | ﹤0.01% |
44,458
-133,911
| -75% | -$25M |
|
2366
CALL
Honda
HMC
$41.3B
| $9.24M | ﹤0.01% |
300,000
-135,000
| -31% | -$4.4M |
|
2367
CONMED
CNMD
$1.47B
| $9.24M | ﹤0.01% |
+196,455
| New | +$10.2M |
|
2368
Beazer Homes USA
BZH
$907M
| $9.24M | ﹤0.01% |
376,183
+339,607
| +928% | +$8.34M |
|
2369
iShares Core US Aggregate Bond ETF
AGG
$138B
| $9.23M | ﹤0.01% |
92,050
+54,949
| +148% | +$5.45M |
|
2370
Group 1 Automotive
GPI
$3.18B
| $9.18M | ﹤0.01% |
20,971
-28,303
| -57% | -$12.7M |
|
2371
Williams-Sonoma
WSM
$29.6B
| $9.17M | ﹤0.01% |
46,924
-12,473
| -21% | -$2.38M |
|
2372
PUT
Norwegian Cruise Line
NCLH
$8.84B
| $9.17M | ﹤0.01% |
372,200
+203,000
| +120% | +$4.93M |
|
2373
CALL
O'Reilly Automotive
ORLY
$76.3B
| $9.15M | ﹤0.01% |
+84,900
| New | +$8.53M |
|
|
TEM
2374
Tempus AI
TEM
$9.39B
| $9.15M | ﹤0.01% |
113,386
+91,320
| +414% | +$6.4M |
|
2375
PUT
Amphenol
APH
$209B
| $9.15M | ﹤0.01% |
73,900
-234,600
| -76% | -$25.7M |
|
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.