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 | |
|---|---|---|---|---|---|---|
2726
CALL
Ecolab
ECL
$78.1B
| $5.96M | ﹤0.01% |
22,700
+12,600
| +125% | +$3.36M |
|
2727
State Street Technology Select Sector SPDR ETF
XLK
$115B
| $5.95M | ﹤0.01% |
+41,327
| New | +$5.97M |
|
2728
BCE
BCE
$20.2B
| $5.95M | ﹤0.01% |
249,561
-285,133
| -53% | -$6.64M |
|
|
MSIF
2729
MSC Income Fund Inc
MSIF
$507M
| $5.94M | ﹤0.01% |
452,229
+314,815
| +229% | +$4.18M |
|
2730
Unifirst Corp
UNF
$5.3B
| $5.93M | ﹤0.01% |
30,720
-58,245
| -65% | -$9.83M |
|
|
PAL
2731
Proficient Auto Logistics
PAL
$190M
| $5.93M | ﹤0.01% |
614,636
-5,310
| -0.9% | -$41.7K |
|
2732
Knowles
KN
$3.13B
| $5.92M | ﹤0.01% |
276,432
+83,113
| +43% | +$1.89M |
|
2733
Evolent Health
EVH
$348M
| $5.9M | ﹤0.01% |
1,475,042
+1,018,418
| +223% | +$5.66M |
|
2734
CALL
Chemours
CC
$2.5B
| $5.89M | ﹤0.01% |
+500,000
| New | +$6.42M |
|
|
FLY
2735
Firefly Aerospace
FLY
$3.34B
| $5.89M | ﹤0.01% |
263,506
-59,307
| -18% | -$1.37M |
|
2736
Miller Industries
MLR
$573M
| $5.87M | ﹤0.01% |
157,016
+59,963
| +62% | +$2.33M |
|
2737
CALL
Takeda Pharmaceutical
TAK
$54.6B
| $5.86M | ﹤0.01% |
376,200
+363,000
| +2,750% | +$5.19M |
|
2738
Unicycive Therapeutics
UNCY
$137M
| $5.86M | ﹤0.01% |
+1,014,843
| New | +$5.42M |
|
2739
CALL
Nutrien
NTR
$33.2B
| $5.85M | ﹤0.01% |
+94,800
| New | +$5.58M |
|
2740
Bain Capital Specialty
BCSF
$806M
| $5.85M | ﹤0.01% |
420,597
-90,518
| -18% | -$1.27M |
|
2741
National Presto Industries
NPK
$870M
| $5.84M | ﹤0.01% |
54,741
+3,405
| +7% | +$357K |
|
2742
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
| $5.84M | ﹤0.01% |
48,960
-31,564
| -39% | -$3.78M |
|
2743
Home BancShares
HOMB
$6.23B
| $5.84M | ﹤0.01% |
210,275
+80,854
| +62% | +$2.24M |
|
2744
Maravai LifeSciences
MRVI
$969M
| $5.84M | ﹤0.01% |
1,797,052
+1,357,349
| +309% | +$4.57M |
|
2745
CALL
VICI Properties
VICI
$29B
| $5.83M | ﹤0.01% |
207,400
-21,700
| -9% | -$645K |
|
2746
ProPetro Holding
PUMP
$1.36B
| $5.83M | ﹤0.01% |
612,920
-1,602,976
| -72% | -$13.9M |
|
2747
Arteris
AIP
$1.38B
| $5.81M | ﹤0.01% |
375,094
-32,825
| -8% | -$476K |
|
|
FVR
2748
FrontView REIT
FVR
$475M
| $5.81M | ﹤0.01% |
393,764
-270,239
| -41% | -$3.88M |
|
|
NTSK
2749
Netskope Inc
NTSK
$5.09B
| $5.81M | ﹤0.01% |
331,132
-156,819
| -32% | -$3.27M |
|
2750
Hims & Hers Health
HIMS
$6.43B
| $5.8M | ﹤0.01% |
178,570
+84,978
| +91% | +$3.64M |
|
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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.