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 | |
|---|---|---|---|---|---|---|
2551
PUT
Progressive
PGR
$123B
| $7.08M | ﹤0.01% |
31,100
+6,100
| +24% | +$1.38M |
|
2552
Floor & Decor
FND
$6.13B
| $7.05M | ﹤0.01% |
115,857
+108,177
| +1,409% | +$7.01M |
|
2553
ESCO Technologies
ESE
$8.17B
| $7.05M | ﹤0.01% |
36,096
-150,359
| -81% | -$31.7M |
|
2554
ClearPoint Neuro
CLPT
$448M
| $7.05M | ﹤0.01% |
515,375
+327,574
| +174% | +$6.07M |
|
2555
Algonquin Power & Utilities
AQN
$4.49B
| $7.04M | ﹤0.01% |
1,145,029
+994,720
| +662% | +$5.91M |
|
2556
DXC Technology
DXC
$1.82B
| $7.02M | ﹤0.01% |
479,190
-950,667
| -66% | -$13.1M |
|
2557
Henry Schein
HSIC
$9.77B
| $7M | ﹤0.01% |
92,679
-292,283
| -76% | -$20.6M |
|
2558
PUT
Toll Brothers
TOL
$13.6B
| $7M | ﹤0.01% |
51,800
-19,500
| -27% | -$2.65M |
|
|
ATXS
2559
DELISTED
Astria Therapeutics
ATXS
| $6.99M | ﹤0.01% |
534,054
-2,500,473
| -82% | -$29.9M |
|
2560
PUT
Howmet Aerospace
HWM
$113B
| $6.97M | ﹤0.01% |
34,000
+1,700
| +5% | +$338K |
|
2561
Newell Brands
NWL
$2.38B
| $6.97M | ﹤0.01% |
1,872,922
-472,970
| -20% | -$1.91M |
|
2562
PUT
Arthur J. Gallagher & Co
AJG
$64.1B
| $6.96M | ﹤0.01% |
26,900
+11,400
| +74% | +$3.02M |
|
2563
CALL
Yum! Brands
YUM
$41.8B
| $6.96M | ﹤0.01% |
46,000
+10,500
| +30% | +$1.56M |
|
2564
PUT
TransAlta
TAC
$3.95B
| $6.94M | ﹤0.01% |
400,000
| – | – |
|
|
NXDR
2565
Nextdoor Holdings
NXDR
$847M
| $6.94M | ﹤0.01% |
3,303,694
+2,191,835
| +197% | +$4.3M |
|
2566
CALL
Travelers Companies
TRV
$78.1B
| $6.93M | ﹤0.01% |
23,900
+10,800
| +82% | +$3.04M |
|
|
DAY
2567
PUT
DELISTED
Dayforce
DAY
| $6.92M | ﹤0.01% |
+100,000
| New | +$6.88M |
|
2568
CALL
Zillow
Z
$7.79B
| $6.91M | ﹤0.01% |
101,300
-47,500
| -32% | -$3.44M |
|
2569
Pharvaris
PHVS
$2.28B
| $6.91M | ﹤0.01% |
248,858
+142,310
| +134% | +$3.43M |
|
2570
PUT
O'Reilly Automotive
ORLY
$72.9B
| $6.9M | ﹤0.01% |
75,700
-26,700
| -26% | -$2.61M |
|
2571
AES
AES
$10.5B
| $6.9M | ﹤0.01% |
481,460
-728,106
| -60% | -$10.3M |
|
2572
MDU Resources
MDU
$4.17B
| $6.9M | ﹤0.01% |
353,559
-773,350
| -69% | -$15.2M |
|
2573
Worthington Enterprises
WOR
$2.75B
| $6.9M | ﹤0.01% |
133,746
+77,696
| +139% | +$4.29M |
|
2574
Lamar Advertising Co
LAMR
$16.2B
| $6.89M | ﹤0.01% |
54,467
-188,029
| -78% | -$23.5M |
|
2575
CALL
Exelon
EXC
$47.2B
| $6.88M | ﹤0.01% |
157,900
-239,300
| -60% | -$10.9M |
|
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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.