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 | |
|---|---|---|---|---|---|---|
|
OYSE
2651
Oyster Enterprises II Acquisition Corp
OYSE
$350M
| $6.37M | ﹤0.01% |
630,000
+154,998
| +33% | +$1.56M |
|
2652
PUT
IonQ
IONQ
$13.6B
| $6.36M | ﹤0.01% |
+141,800
| New | +$7.95M |
|
2653
Hess Midstream
HESM
$5.24B
| $6.36M | ﹤0.01% |
184,354
-589,318
| -76% | -$19.8M |
|
2654
CALL
Sea Limited
SE
$65.4B
| $6.35M | ﹤0.01% |
49,800
-70,800
| -59% | -$10.5M |
|
2655
FS KKR Capital
FSK
$2.96B
| $6.35M | ﹤0.01% |
428,674
-143,967
| -25% | -$2.18M |
|
|
AARD
2656
Aardvark Therapeutics
AARD
$144M
| $6.34M | ﹤0.01% |
483,340
+163,717
| +51% | +$2.04M |
|
|
DQ
2657
Daqo New Energy
DQ
$823M
| $6.34M | ﹤0.01% |
215,025
+101,103
| +89% | +$3.09M |
|
2658
Frontdoor
FTDR
$5.1B
| $6.34M | ﹤0.01% |
109,929
-328,265
| -75% | -$19.3M |
|
2659
Noble Corp
NE
$6.77B
| $6.33M | ﹤0.01% |
224,314
-789,737
| -78% | -$23.3M |
|
2660
Crescent Energy
CRGY
$3.79B
| $6.32M | ﹤0.01% |
753,110
-1,409,545
| -65% | -$12.4M |
|
|
NB
2661
NioCorp Developments
NB
$619M
| $6.32M | ﹤0.01% |
1,191,723
+616,131
| +107% | +$4.24M |
|
2662
Teradata
TDC
$2.92B
| $6.29M | ﹤0.01% |
206,769
+84,711
| +69% | +$2.22M |
|
2663
GATX Corp
GATX
$6.35B
| $6.28M | ﹤0.01% |
37,044
+18,596
| +101% | +$3.06M |
|
2664
CALL
AT&T
T
$159B
| $6.28M | ﹤0.01% |
252,900
-610,500
| -71% | -$15.5M |
|
2665
Clearwater Paper
CLW
$339M
| $6.28M | ﹤0.01% |
360,795
+221,029
| +158% | +$4.08M |
|
|
TECX
2666
Tectonic Therapeutic
TECX
$529M
| $6.28M | ﹤0.01% |
300,820
+62,650
| +26% | +$1.16M |
|
2667
Rocket Pharmaceuticals
RCKT
$340M
| $6.27M | ﹤0.01% |
1,784,921
-1,785,470
| -50% | -$6.11M |
|
2668
CALL
Deckers Outdoor
DECK
$13.2B
| $6.25M | ﹤0.01% |
60,300
-1,300
| -2% | -$122K |
|
|
NPB
2669
Northpointe Bancshares
NPB
$605M
| $6.25M | ﹤0.01% |
372,387
-1,504
| -0.4% | -$25.5K |
|
2670
CALL
Intercontinental Exchange
ICE
$85.6B
| $6.24M | ﹤0.01% |
+38,500
| New | +$6.03M |
|
2671
State Street Health Care Select Sector SPDR ETF
XLV
$41.9B
| $6.23M | ﹤0.01% |
40,261
-462,436
| -92% | -$69.3M |
|
2672
Campbell Soup
CPB
$6.55B
| $6.23M | ﹤0.01% |
223,590
-2,144,251
| -91% | -$64.5M |
|
2673
Antero Midstream
AM
$10.4B
| $6.22M | ﹤0.01% |
349,570
-92,687
| -21% | -$1.67M |
|
2674
Dorman Products
DORM
$3.98B
| $6.21M | ﹤0.01% |
50,420
-48,485
| -49% | -$6.54M |
|
|
BCSS
2675
Bain Capital GSS Investment Corp
BCSS
$597M
| $6.21M | ﹤0.01% |
+616,000
| New | +$6.21M |
|
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.