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 | |
|---|---|---|---|---|---|---|
2576
Upbound Group
UPBD
$1.13B
| $6.88M | ﹤0.01% |
391,580
+303,279
| +343% | +$5.86M |
|
2577
PUT
Eos Energy Enterprises
EOSE
$1.22B
| $6.88M | ﹤0.01% |
+600,000
| New | +$8.62M |
|
2578
Arcutis Biotherapeutics
ARQT
$3.36B
| $6.88M | ﹤0.01% |
236,770
+86,671
| +58% | +$2.22M |
|
2579
Flowers Foods
FLO
$1.49B
| $6.87M | ﹤0.01% |
631,760
+435,930
| +223% | +$5.06M |
|
2580
PUT
Bilibili
BILI
$7.99B
| $6.87M | ﹤0.01% |
279,300
+36,000
| +15% | +$969K |
|
2581
CNO Financial Group
CNO
$5.14B
| $6.86M | ﹤0.01% |
161,628
-418,028
| -72% | -$17M |
|
2582
First Commonwealth Financial
FCF
$2.18B
| $6.85M | ﹤0.01% |
406,390
-685,350
| -63% | -$11.2M |
|
2583
Columbia Banking Systems
COLB
$8.84B
| $6.84M | ﹤0.01% |
244,808
-160,486
| -40% | -$4.34M |
|
2584
Grayscale Bitcoin Trust
GBTC
$9.45B
| $6.84M | ﹤0.01% |
100,000
| – | – |
|
2585
Clear Channel Outdoor Holdings
CCO
$1.23B
| $6.83M | ﹤0.01% |
3,088,807
-8,818,429
| -74% | -$16.4M |
|
2586
Corebridge Financial
CRBG
$14.1B
| $6.82M | ﹤0.01% |
226,124
-526,692
| -70% | -$16.2M |
|
2587
GrafTech
EAF
$175M
| $6.8M | ﹤0.01% |
438,696
-155,877
| -26% | -$2.37M |
|
2588
PUT
Zscaler
ZS
$24.5B
| $6.79M | ﹤0.01% |
30,200
-75,100
| -71% | -$21.2M |
|
2589
CALL
NextNav
NN
$1.79B
| $6.79M | ﹤0.01% |
408,000
-50,000
| -11% | -$710K |
|
2590
CALL
LyondellBasell Industries
LYB
$20B
| $6.76M | ﹤0.01% |
156,100
+109,900
| +238% | +$4.98M |
|
2591
Achieve Life Sciences
ACHV
$659M
| $6.75M | ﹤0.01% |
1,359,116
+1,121,614
| +472% | +$4.89M |
|
2592
Eagle Bancorp
EGBN
$846M
| $6.75M | ﹤0.01% |
315,038
-129,593
| -29% | -$2.5M |
|
2593
Essential Properties Realty Trust
EPRT
$6.77B
| $6.75M | ﹤0.01% |
227,497
-864,287
| -79% | -$26.3M |
|
2594
Xeris Biopharma Holdings
XERS
$1.39B
| $6.74M | ﹤0.01% |
859,051
+334,302
| +64% | +$2.63M |
|
|
CDNL
2595
Cardinal Infrastructure Group
CDNL
$1.23B
| $6.74M | ﹤0.01% |
+278,678
| New | +$6.88M |
|
2596
iShares Gold Trust
IAU
$62.9B
| $6.73M | ﹤0.01% |
+82,920
| New | +$6.48M |
|
2597
Bio-Rad Laboratories Class A
BIO
$8.71B
| $6.73M | ﹤0.01% |
22,206
-2,249
| -9% | -$702K |
|
2598
Forte Biosciences
FBRX
$1.57B
| $6.73M | ﹤0.01% |
246,685
+126,873
| +106% | +$2.22M |
|
2599
Teekay
TK
$1.01B
| $6.72M | ﹤0.01% |
744,508
-675,776
| -48% | -$6.22M |
|
2600
CALL
Nextpower Inc
NXT
$13.6B
| $6.72M | ﹤0.01% |
77,100
+15,300
| +25% | +$1.39M |
|
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.