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 |
iShares Core S&P 500 ETF
IVV
|
+$4.75B |
| 2 |
Walmart Inc
WMT
|
+$3.98B |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.42B |
| 4 |
Broadcom
AVGO
|
+$943M |
| 5 |
iShares Bitcoin Trust
IBIT
|
+$785M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$572M |
| 2 |
NVIDIA
NVDA
|
+$566M |
| 3 |
Apple
AAPL
|
+$554M |
| 4 |
AbbVie
ABBV
|
+$455M |
| 5 |
Bank of America
BAC
|
+$411M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 9.52% |
| 2 | Healthcare | 7.46% |
| 3 | Financials | 6.74% |
| 4 | Industrials | 6.14% |
| 5 | Consumer Discretionary | 4.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ACH
2476
Accendra Health
ACH
$237M
| $7.55M | ﹤0.01% |
2,696,881
-564,373
| -17% | -$2.02M |
|
2477
PUT
RH
RH
$3.13B
| $7.54M | ﹤0.01% |
42,100
+9,300
| +28% | +$1.59M |
|
2478
Erie Indemnity
ERIE
$12.7B
| $7.52M | ﹤0.01% |
26,236
+18,909
| +258% | +$5.64M |
|
2479
CALL
EOG Resources
EOG
$79.2B
| $7.52M | ﹤0.01% |
71,600
-20,600
| -22% | -$2.21M |
|
2480
AerSale
ASLE
$293M
| $7.52M | ﹤0.01% |
1,057,473
+334,203
| +46% | +$2.35M |
|
2481
PUT
Intercontinental Exchange
ICE
$85.6B
| $7.5M | ﹤0.01% |
46,300
+3,400
| +8% | +$532K |
|
2482
PUT
SPDR Gold Trust
GLD
$131B
| $7.49M | ﹤0.01% |
18,900
-160,500
| -89% | -$61.3M |
|
2483
Loews
L
$23.9B
| $7.48M | ﹤0.01% |
71,050
-172,566
| -71% | -$17.8M |
|
2484
PUT
Lennar Class A
LEN
$19.8B
| $7.47M | ﹤0.01% |
72,700
-17,300
| -19% | -$2.09M |
|
2485
PUT
Lincoln National
LNC
$8.73B
| $7.47M | ﹤0.01% |
167,800
+20,000
| +14% | +$833K |
|
2486
Liquidity Services
LQDT
$1.22B
| $7.45M | ﹤0.01% |
245,865
-111,842
| -31% | -$3M |
|
2487
PUT
Lockheed Martin
LMT
$134B
| $7.45M | ﹤0.01% |
15,400
-2,000
| -11% | -$957K |
|
2488
PTC
PTC
$15.8B
| $7.44M | ﹤0.01% |
42,696
-79,157
| -65% | -$14.7M |
|
2489
AMERISAFE
AMSF
$543M
| $7.44M | ﹤0.01% |
193,628
+1,803
| +0.9% | +$72.7K |
|
|
OTF
2490
Blue Owl Technology Finance Corp
OTF
$4.6B
| $7.43M | ﹤0.01% |
511,249
-509,416
| -50% | -$7.15M |
|
2491
CALL
Amplitude
AMPL
$1.18B
| $7.41M | ﹤0.01% |
640,000
+539,300
| +536% | +$5.67M |
|
|
LB
2492
LandBridge Co
LB
$2.16B
| $7.4M | ﹤0.01% |
151,003
+80,035
| +113% | +$4.65M |
|
2493
Allient
ALNT
$1.49B
| $7.39M | ﹤0.01% |
137,527
+38,447
| +39% | +$2.01M |
|
2494
Voyager Therapeutics
VYGR
$183M
| $7.39M | ﹤0.01% |
1,880,760
-411,943
| -18% | -$1.82M |
|
2495
Ionis Pharmaceuticals
IONS
$8.6B
| $7.38M | ﹤0.01% |
93,262
-686,308
| -88% | -$51.7M |
|
|
CEPF
2496
Cantor Equity Partners IV
CEPF
$595M
| $7.38M | ﹤0.01% |
717,662
-170,270
| -19% | -$1.77M |
|
2497
Plains GP Holdings
PAGP
$5.21B
| $7.37M | ﹤0.01% |
385,177
+315,825
| +455% | +$5.69M |
|
2498
PUT
Suncor Energy
SU
$79.4B
| $7.37M | ﹤0.01% |
138,100
-19,900
| -13% | -$841K |
|
2499
Galicia Financial Group
GGAL
$7.99B
| $7.37M | ﹤0.01% |
136,597
-19,565
| -13% | -$915K |
|
2500
Under Armour
UAA
$2.84B
| $7.36M | ﹤0.01% |
1,480,416
-1,184,528
| -44% | -$5.48M |
|
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Millennium Management's Q4 2025 Portfolio in Review
As of Q4 2025, Millennium Management held 6,645 positions worth $238B, up 1.5% from $234B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Millennium Management's Q4 2025 filing shows 668 new, 2,203 increased, 2,701 reduced and 696 closed positions. Its largest new stake was iShares Russell 1000 ETF: 455,129 shares worth $170M. The largest sale was Microsoft, an estimated $572M.
By sector, the portfolio is most concentrated in Technology at 9.5% of assets, up from 9.3% a quarter earlier, followed by Healthcare and Financials.
- Millennium Management's largest Q4 2025 buy was iShares Russell 1000 ETF: 455,129 shares worth $170M.
- Millennium Management added most to iShares Core S&P 500 ETF in Q4 2025, an estimated $4.75B increase.
- Millennium Management's biggest Q4 2025 reduction was Microsoft, cutting an estimated $572M.
- Millennium Management fully exited Mr. Cooper in Q4 2025, selling an estimated $277M.
- Millennium Management's ten largest holdings make up 19% of its $238B portfolio in Q4 2025.
- Millennium Management opened 668 new positions and closed 696 in Q4 2025.
- Millennium Management's portfolio value rose 1.5% quarter-over-quarter to $238B.
Based on Millennium Management's 13F filing for Q4 2025, filed 17 Feb 2026.