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 | |
|---|---|---|---|---|---|---|
2426
Universal Technical Institute
UTI
$1.59B
| $8.79M | ﹤0.01% |
269,982
+251,901
| +1,393% | +$7.4M |
|
2427
Perspective Therapeutics
CATX
$342M
| $8.78M | ﹤0.01% |
2,561,112
-32,487
| -1% | -$118K |
|
2428
CALL
KeyCorp
KEY
$24.4B
| $8.77M | ﹤0.01% |
469,500
+187,900
| +67% | +$3.48M |
|
2429
Brown-Forman Class B
BF.B
$13.1B
| $8.77M | ﹤0.01% |
323,995
-383,527
| -54% | -$11.1M |
|
2430
PUT
Opendoor
OPEN
$3.38B
| $8.77M | ﹤0.01% |
+1,137,390
| New | +$4.61M |
|
2431
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$147M
| $8.76M | ﹤0.01% |
264,150
-144,986
| -35% | -$5.74M |
|
2432
PUT
Monolithic Power Systems
MPWR
$68.9B
| $8.75M | ﹤0.01% |
9,500
-700
| -7% | -$568K |
|
2433
First Majestic Silver
AG
$9.07B
| $8.74M | ﹤0.01% |
711,538
-2,078,085
| -74% | -$19.3M |
|
2434
Eldorado Gold
EGO
$9.89B
| $8.74M | ﹤0.01% |
302,559
-296,721
| -50% | -$6.99M |
|
2435
Haleon
HLN
$44.2B
| $8.72M | ﹤0.01% |
971,808
-1,178,847
| -55% | -$11.4M |
|
2436
PrimeEnergy Resources
PNRG
$298M
| $8.72M | ﹤0.01% |
52,180
+30,718
| +143% | +$4.99M |
|
2437
PUT
Steris
STE
$23.1B
| $8.71M | ﹤0.01% |
+35,200
| New | +$8.43M |
|
2438
Valmont Industries
VMI
$9.53B
| $8.7M | ﹤0.01% |
22,436
+19,008
| +554% | +$6.91M |
|
2439
Real Brokerage
REAX
$466M
| $8.69M | ﹤0.01% |
2,080,076
+5,130
| +0.2% | +$23.2K |
|
2440
PUT
Lockheed Martin
LMT
$136B
| $8.69M | ﹤0.01% |
17,400
-3,200
| -16% | -$1.45M |
|
|
BDN
2441
Brandywine Realty Trust
BDN
$554M
| $8.68M | ﹤0.01% |
2,081,421
+874,215
| +72% | +$3.68M |
|
2442
REX American Resources
REX
$1.41B
| $8.65M | ﹤0.01% |
282,629
+40,563
| +17% | +$1.16M |
|
2443
Avery Dennison
AVY
$13.4B
| $8.65M | ﹤0.01% |
53,316
-87,578
| -62% | -$15.1M |
|
2444
Arcus Biosciences
RCUS
$3.64B
| $8.64M | ﹤0.01% |
634,944
-145,144
| -19% | -$1.51M |
|
|
PAII
2445
Pyrophyte Acquisition Corp II
PAII
$280M
| $8.62M | ﹤0.01% |
+865,004
| New | +$8.6M |
|
2446
Annexon
ANNX
$886M
| $8.61M | ﹤0.01% |
2,822,823
+308,689
| +12% | +$766K |
|
2447
CALL
DuPont de Nemours
DD
$19.2B
| $8.6M | ﹤0.01% |
87,952
+50,270
| +133% | +$4.74M |
|
|
SDHI
2448
Siddhi Acquisition Corp
SDHI
$365M
| $8.6M | ﹤0.01% |
847,093
+92,193
| +12% | +$932K |
|
2449
Antero Midstream
AM
$10.1B
| $8.6M | ﹤0.01% |
442,257
-1,623,453
| -79% | -$29.3M |
|
2450
CALL
Sociedad Química y Minera de Chile
SQM
$20.6B
| $8.6M | ﹤0.01% |
+200,000
| New | +$8.34M |
|
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.