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 | |
|---|---|---|---|---|---|---|
2701
Geron
GERN
$828M
| $6.08M | ﹤0.01% |
4,603,876
-6,764,113
| -60% | -$8.49M |
|
|
ONC
2702
CALL
BeOne Medicines Ltd
ONC
$32.8B
| $6.08M | ﹤0.01% |
20,000
-30,000
| -60% | -$9.82M |
|
|
ONC
2703
PUT
BeOne Medicines Ltd
ONC
$32.8B
| $6.08M | ﹤0.01% |
20,000
-30,000
| -60% | -$9.82M |
|
2704
Globe Life
GL
$14.2B
| $6.07M | ﹤0.01% |
43,417
-314,449
| -88% | -$42.6M |
|
2705
Ultrapar
UGP
$6.95B
| $6.07M | ﹤0.01% |
1,610,338
-1,186,324
| -42% | -$4.69M |
|
2706
AbCellera Biologics
ABCL
$1.74B
| $6.07M | ﹤0.01% |
1,773,539
-656,197
| -27% | -$2.93M |
|
2707
Rayonier Advanced Materials
RYAM
$604M
| $6.06M | ﹤0.01% |
1,029,378
-330,374
| -24% | -$2.15M |
|
2708
Vir Biotechnology
VIR
$1.46B
| $6.05M | ﹤0.01% |
1,002,606
-393,898
| -28% | -$2.35M |
|
2709
PUT
APA Corp
APA
$13.2B
| $6.04M | ﹤0.01% |
247,100
-34,800
| -12% | -$842K |
|
2710
Sociedad Química y Minera de Chile
SQM
$19.2B
| $6.04M | ﹤0.01% |
+87,806
| New | +$4.84M |
|
2711
Moelis & Co
MC
$4.97B
| $6.04M | ﹤0.01% |
87,842
+2,113
| +2% | +$141K |
|
|
CWAN
2712
PUT
DELISTED
Clearwater Analytics
CWAN
| $6.03M | ﹤0.01% |
+250,000
| New | +$5.01M |
|
2713
Tenaris
TS
$28.9B
| $6.01M | ﹤0.01% |
156,206
-418,217
| -73% | -$16.1M |
|
2714
Flotek Industries
FTK
$852M
| $6M | ﹤0.01% |
348,502
-460,896
| -57% | -$7.32M |
|
2715
Victory Capital Holdings
VCTR
$6.19B
| $6M | ﹤0.01% |
95,104
+38,629
| +68% | +$2.46M |
|
|
BLRKU
2716
Bluerock Acquisition Corp Unit
BLRKU
| $6M | ﹤0.01% |
+600,000
| New | +$6M |
|
2717
Cabaletta Bio
CABA
$437M
| $5.99M | ﹤0.01% |
2,736,912
+2,050,099
| +298% | +$5.08M |
|
2718
Cadre Holdings
CDRE
$1.32B
| $5.99M | ﹤0.01% |
146,657
+123,008
| +520% | +$5.11M |
|
2719
Denison Mines
DNN
$2.54B
| $5.99M | ﹤0.01% |
2,250,953
-2,736,858
| -55% | -$7.45M |
|
|
ALEX
2720
DELISTED
Alexander & Baldwin
ALEX
| $5.98M | ﹤0.01% |
289,866
+61,634
| +27% | +$1.07M |
|
2721
PUT
Roblox
RBLX
$25.4B
| $5.98M | ﹤0.01% |
73,800
-228,300
| -76% | -$24.2M |
|
2722
SkyWater Technology
SKYT
| $5.98M | ﹤0.01% |
329,097
-446,267
| -58% | -$7.75M |
|
2723
Verra Mobility
VRRM
$804M
| $5.97M | ﹤0.01% |
266,391
-12,204
| -4% | -$279K |
|
2724
Eagle Materials
EXP
$6.29B
| $5.97M | ﹤0.01% |
28,875
+17,159
| +146% | +$3.79M |
|
2725
Marqeta
MQ
$1.83B
| $5.96M | ﹤0.01% |
313,913
+61,608
| +24% | +$1.18M |
|
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.