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 | |
|---|---|---|---|---|---|---|
2526
Kodiak Gas Services
KGS
$5.92B
| $7.22M | ﹤0.01% |
193,122
+143,489
| +289% | +$5.07M |
|
2527
CALL
CSX Corp
CSX
$93.4B
| $7.21M | ﹤0.01% |
199,000
-454,100
| -70% | -$16.2M |
|
2528
The Bancorp
TBBK
$2.79B
| $7.21M | ﹤0.01% |
106,823
+71,300
| +201% | +$4.92M |
|
2529
IDEAYA Biosciences
IDYA
$3.42B
| $7.21M | ﹤0.01% |
208,548
+70,963
| +52% | +$2.26M |
|
2530
Flex
FLEX
$41.7B
| $7.2M | ﹤0.01% |
119,189
-927,193
| -89% | -$57.3M |
|
2531
Unisys
UIS
$209M
| $7.19M | ﹤0.01% |
2,604,604
+878,265
| +51% | +$2.74M |
|
2532
VEON
VEON
$3.62B
| $7.19M | ﹤0.01% |
136,701
+3,223
| +2% | +$163K |
|
2533
CALL
Suncor Energy
SU
$79.4B
| $7.19M | ﹤0.01% |
134,000
-31,600
| -19% | -$1.34M |
|
2534
Newmark Group
NMRK
$2.66B
| $7.18M | ﹤0.01% |
414,140
-1,875,197
| -82% | -$32.9M |
|
2535
QuinStreet
QNST
$890M
| $7.18M | ﹤0.01% |
499,658
-1,182,402
| -70% | -$17.1M |
|
2536
Preferred Bank
PFBC
$1.24B
| $7.17M | ﹤0.01% |
75,972
-63,401
| -45% | -$5.91M |
|
2537
CALL
Prologis
PLD
$135B
| $7.16M | ﹤0.01% |
56,100
+35,800
| +176% | +$4.46M |
|
2538
CALL
Charles River Laboratories
CRL
$11.2B
| $7.16M | ﹤0.01% |
+35,900
| New | +$6.51M |
|
2539
Warrior Met Coal
HCC
$4.19B
| $7.16M | ﹤0.01% |
81,185
+64,624
| +390% | +$4.86M |
|
|
AXON
2540
CALL
Axon Enterprise
AXON
$42.5B
| $7.16M | ﹤0.01% |
12,600
-1,000
| -7% | -$621K |
|
2541
CALL
DexCom
DXCM
$31.5B
| $7.15M | ﹤0.01% |
107,800
-84,500
| -44% | -$5.46M |
|
|
BCSS.U
2542
Bain Capital GSS Investment Corp Units
BCSS.U
| $7.15M | ﹤0.01% |
700,000
-1,153,750
| -62% | -$11.9M |
|
2543
Global X Silver Miners ETF NEW
SIL
$3.98B
| $7.15M | ﹤0.01% |
+85,584
| New | +$6.31M |
|
2544
CALL
Kinross Gold
KGC
$27.4B
| $7.15M | ﹤0.01% |
253,800
| – | – |
|
2545
Applied Digital
APLD
$7.89B
| $7.14M | ﹤0.01% |
291,315
-79,146
| -21% | -$2.28M |
|
2546
Trevi Therapeutics
TRVI
$2.59B
| $7.14M | ﹤0.01% |
570,226
-157,370
| -22% | -$1.82M |
|
2547
Global Industrial
GIC
$1.37B
| $7.14M | ﹤0.01% |
244,233
+17,194
| +8% | +$524K |
|
|
GOOS
2548
Canada Goose Holdings
GOOS
$872M
| $7.11M | ﹤0.01% |
548,919
+404,374
| +280% | +$5.38M |
|
2549
CALL
KeyCorp
KEY
$24.2B
| $7.1M | ﹤0.01% |
344,200
-125,300
| -27% | -$2.33M |
|
|
TVAI
2550
Thayer Ventures Acquisition Corporation II
TVAI
$282M
| $7.08M | ﹤0.01% |
700,000
| – | – |
|
Similar funds
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.