Millennium Management 13F, Q3 2025
Israel Englander · quarter ending 30 September 2025 · filed 14 November 2025 · SEC CIK 1273087
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 1,988 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.
Largest positions, Q3 2025
The 25 largest of 3,988 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2025 filing.
| Company | Ticker | Value | % of book | vs Q2 2025 |
|---|---|---|---|---|
| ISHARES TR | IVV | $5.02B | 4.0% | +19% shares |
| NVIDIA CORPORATION | NVDA | $3.41B | 2.7% | +126% shares |
| APPLE INC | AAPL | $1.79B | 1.4% | +250% shares |
| MICROSOFT CORP | MSFT | $1.78B | 1.4% | +49% shares |
| ISHARES BITCOIN TRUST ETF | IBIT | $1.33B | 1.1% | -4% shares |
| ISHARES ETHEREUM TR | ETHA | $1.07B | 0.8% | +484% shares |
| SPDR S&P 500 ETF TR | SPY | $1.03B | 0.8% | +22% shares |
| META PLATFORMS INC | META | $1.01B | 0.8% | +135% shares |
| ALPHABET INC | GOOGL | $873.19M | 0.7% | +66% shares |
| AMAZON COM INC | AMZN | $822.98M | 0.7% | -17% shares |
| ALPHABET INC | GOOG | $820.34M | 0.7% | +34% shares |
| NORFOLK SOUTHN CORP | NSC | $794.44M | 0.6% | +506% shares |
| BOSTON SCIENTIFIC CORP | BSX | $783.46M | 0.6% | +84% shares |
| FIDELITY WISE ORIGIN BITCOIN | FBTC | $743.29M | 0.6% | +6% shares |
| BROADCOM INC | AVGO | $596.79M | 0.5% | +283% shares |
| WESTERN DIGITAL CORP | WDC 3 11/15/28 | $580.39M | 0.5% | +11% shares |
| MORGAN STANLEY | MS | $559.89M | 0.4% | +589% shares |
| BANK AMERICA CORP | BAC | $526.26M | 0.4% | +237% shares |
| NVENT ELECTRIC PLC | $487.96M | 0.4% | +40% shares | |
| FREEPORT-MCMORAN INC | FCX | $485.31M | 0.4% | +1901% shares |
| CYBERARK SOFTWARE LTD | $475.76M | 0.4% | +273% shares | |
| ABBVIE INC | ABBV | $466.72M | 0.4% | -18% shares |
| MEDTRONIC PLC | $457.92M | 0.4% | +20% shares | |
| CRH PLC | $441.68M | 0.3% | -7% shares | |
| JPMORGAN CHASE & CO. | JPM | $439.87M | 0.3% | +6% shares |
What changed since Q2 2025
Against the Q2 2025 filing, Millennium Management opened 509 new positions, added to 1,611, trimmed 1,738, left 130 unchanged and exited 452. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- MSTR 0.625 09/15/28$310.57M
- ECHO 3.875 11/30/30$142.33M
- LCID$142.22M
- SSB$102.08M
- VCLT$94.12M
- KTOS$82.83M
- GKOS$74.49M
- JAMES HARDIE INDS PLC$68.01M
and 501 more
Exited
- HESS CORPwas $478.19M
- ANSYS INCwas $272.98M
- JUNIPER NETWORKS INCwas $120.73M
- SOUTHSTATE CORPORATIONwas $100.87M
- ZTO EXPRESS CAYMAN INCwas $98.88M
- PLNTwas $94.80M
- AZEK CO INCwas $71.53M
- SKECHERS U S A INCwas $67.14M
and 444 more
Other quarters
Source: SEC Form 13F-HR, accession 0001273087-25-000034, filed by MILLENNIUM MANAGEMENT LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.