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 | |
|---|---|---|---|---|---|---|
2376
PUT
AeroVironment
AVAV
$9.45B
| $9.13M | ﹤0.01% |
29,000
+4,100
| +16% | +$1.06M |
|
2377
Archer Daniels Midland
ADM
$36.9B
| $9.13M | ﹤0.01% |
152,851
-2,393,562
| -94% | -$140M |
|
|
TEM
2378
PUT
Tempus AI
TEM
$9.39B
| $9.12M | ﹤0.01% |
113,000
+98,000
| +653% | +$6.86M |
|
|
TRML
2379
DELISTED
Tourmaline Bio
TRML
| $9.12M | ﹤0.01% |
190,625
-53,251
| -22% | -$1.48M |
|
2380
ZIM Integrated Shipping Services
ZIM
$3.24B
| $9.12M | ﹤0.01% |
672,885
+498,849
| +287% | +$7.57M |
|
2381
Franklin Electric
FELE
$4.84B
| $9.11M | ﹤0.01% |
95,745
-132,800
| -58% | -$12.6M |
|
|
FVR
2382
FrontView REIT
FVR
$463M
| $9.1M | ﹤0.01% |
664,003
-150,886
| -19% | -$1.93M |
|
2383
PUT
DuPont de Nemours
DD
$19.2B
| $9.1M | ﹤0.01% |
93,051
+68,832
| +284% | +$6.49M |
|
2384
PVH
PVH
$4.04B
| $9.09M | ﹤0.01% |
108,528
-322,307
| -75% | -$25.3M |
|
2385
CALL
Scotiabank
BNS
$108B
| $9.09M | ﹤0.01% |
101,400
+1,400
| +1% | +$82.5K |
|
2386
CALL
Progressive
PGR
$125B
| $9.09M | ﹤0.01% |
36,800
-17,000
| -32% | -$4.19M |
|
2387
Stoneridge
SRI
$213M
| $9.09M | ﹤0.01% |
1,192,431
-63,357
| -5% | -$502K |
|
2388
CALL
Cameco
CCJ
$42.4B
| $9.08M | ﹤0.01% |
108,300
+58,500
| +117% | +$4.54M |
|
2389
Trustmark
TRMK
$2.75B
| $9.07M | ﹤0.01% |
229,136
+112,111
| +96% | +$4.37M |
|
2390
CALL
Bank of Montreal
BMO
$127B
| $9.07M | ﹤0.01% |
50,000
-50,000
| -50% | -$5.92M |
|
2391
Yelp
YELP
$1.41B
| $9.05M | ﹤0.01% |
290,181
-188,140
| -39% | -$6.17M |
|
2392
Willis Lease Finance
WLFC
$1.29B
| $9.05M | ﹤0.01% |
198,024
+185,634
| +1,498% | +$9M |
|
|
CEPF
2393
Cantor Equity Partners IV
CEPF
| $9.04M | ﹤0.01% |
+887,932
| New | +$9.01M |
|
2394
PUT
Deckers Outdoor
DECK
$13.3B
| $9.04M | ﹤0.01% |
89,200
+4,500
| +5% | +$491K |
|
2395
Green Plains
GPRE
$1.03B
| $9.03M | ﹤0.01% |
1,027,426
+72,586
| +8% | +$636K |
|
2396
Rapid7
RPD
$773M
| $9.03M | ﹤0.01% |
481,587
+143,540
| +42% | +$3.03M |
|
2397
PUT
Main Street Capital
MAIN
$5.48B
| $9.02M | ﹤0.01% |
141,900
+40,900
| +40% | +$2.64M |
|
2398
CALL
Monolithic Power Systems
MPWR
$68.9B
| $9.02M | ﹤0.01% |
9,800
-7,700
| -44% | -$6.24M |
|
2399
Crinetics Pharmaceuticals
CRNX
$8.92B
| $9.01M | ﹤0.01% |
216,244
-141,433
| -40% | -$4.52M |
|
2400
Eagle Bancorp
EGBN
$845M
| $8.99M | ﹤0.01% |
444,631
+255,932
| +136% | +$4.96M |
|
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.