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 | |
|---|---|---|---|---|---|---|
2751
NETGEAR
NTGR
$648M
| $5.79M | ﹤0.01% |
236,078
+187,515
| +386% | +$5.39M |
|
2752
PUT
Kohl's
KSS
$2.17B
| $5.79M | ﹤0.01% |
283,500
-47,200
| -14% | -$884K |
|
2753
CALL
Royal Gold
RGLD
$16.8B
| $5.78M | ﹤0.01% |
26,000
+16,900
| +186% | +$3.35M |
|
2754
Grupo Aeroportuario del Sureste
ASR
$8.27B
| $5.78M | ﹤0.01% |
17,870
+10,917
| +157% | +$3.37M |
|
2755
PUT
Boston Scientific
BSX
$69.5B
| $5.78M | ﹤0.01% |
60,600
+16,400
| +37% | +$1.61M |
|
2756
CALL
Clorox
CLX
$11.6B
| $5.78M | ﹤0.01% |
57,300
+16,800
| +41% | +$1.82M |
|
2757
PUT
AutoZone
AZO
$49.2B
| $5.77M | ﹤0.01% |
1,700
+1,600
| +1,600% | +$6.04M |
|
2758
Kraft Heinz
KHC
$30.7B
| $5.76M | ﹤0.01% |
237,593
-73,200
| -24% | -$1.82M |
|
2759
Carriage Services
CSV
$641M
| $5.76M | ﹤0.01% |
136,149
+116,617
| +597% | +$5.06M |
|
2760
CALL
Peabody Energy
BTU
$2.6B
| $5.76M | ﹤0.01% |
193,900
+47,200
| +32% | +$1.39M |
|
|
KMTS
2761
Kestra Medical Technologies
KMTS
$1.34B
| $5.76M | ﹤0.01% |
217,138
-2,568
| -1% | -$66.1K |
|
2762
CALL
W.W. Grainger
GWW
$65.3B
| $5.75M | ﹤0.01% |
5,700
+3,400
| +148% | +$3.3M |
|
2763
MillerKnoll
MLKN
$1.53B
| $5.75M | ﹤0.01% |
314,527
+281,161
| +843% | +$4.58M |
|
2764
Duke Energy
DUK
$97.8B
| $5.74M | ﹤0.01% |
48,971
-134,910
| -73% | -$16.5M |
|
2765
Navient
NAVI
$789M
| $5.73M | ﹤0.01% |
440,850
-447,336
| -50% | -$5.57M |
|
2766
TechTarget
TTGT
$325M
| $5.73M | ﹤0.01% |
1,061,283
-180,910
| -15% | -$974K |
|
2767
Pennant Group
PNTG
$1.4B
| $5.73M | ﹤0.01% |
203,414
+83,457
| +70% | +$2.22M |
|
2768
Worthington Steel
WS
$1.83B
| $5.71M | ﹤0.01% |
164,888
-55,546
| -25% | -$1.83M |
|
2769
Ambev
ABEV
$48.1B
| $5.7M | ﹤0.01% |
2,309,557
+2,255,537
| +4,175% | +$5.37M |
|
|
SVCC
2770
Stellar V Capital Corp
SVCC
$229M
| $5.7M | ﹤0.01% |
550,000
| – | – |
|
2771
Matrix Service
MTRX
$326M
| $5.69M | ﹤0.01% |
486,668
-143,728
| -23% | -$1.81M |
|
|
CTEV
2772
Claritev Corp
CTEV
$387M
| $5.69M | ﹤0.01% |
+133,178
| New | +$6.78M |
|
2773
CALL
Illumina
ILMN
$31B
| $5.69M | ﹤0.01% |
43,400
-37,700
| -46% | -$4.43M |
|
2774
Canadian Natural Resources
CNQ
$99.4B
| $5.68M | ﹤0.01% |
167,941
-811,946
| -83% | -$26.3M |
|
2775
Vitesse Energy
VTS
$651M
| $5.68M | ﹤0.01% |
294,657
+90,307
| +44% | +$1.93M |
|
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.