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 | |
|---|---|---|---|---|---|---|
2776
Enterprise Financial Services Corp
EFSC
$2.4B
| $5.67M | ﹤0.01% |
105,077
+100,281
| +2,091% | +$5.51M |
|
2777
ArriVent BioPharma
AVBP
$1.39B
| $5.67M | ﹤0.01% |
281,952
-4,152
| -1% | -$86.4K |
|
2778
PUT
EOG Resources
EOG
$79.2B
| $5.67M | ﹤0.01% |
54,000
-52,000
| -49% | -$5.59M |
|
|
BETA
2779
Beta Technologies Inc
BETA
$4.37B
| $5.66M | ﹤0.01% |
+200,657
| New | +$5.99M |
|
|
ALX
2780
Alexander's
ALX
$1.3B
| $5.66M | ﹤0.01% |
25,950
+2,015
| +8% | +$450K |
|
2781
CALL
General Mills
GIS
$19.1B
| $5.64M | ﹤0.01% |
121,300
+6,000
| +5% | +$285K |
|
2782
International Money Express
IMXI
$357M
| $5.63M | ﹤0.01% |
366,243
+48,572
| +15% | +$729K |
|
2783
PUT
PACCAR
PCAR
$69.8B
| $5.62M | ﹤0.01% |
51,300
+4,500
| +10% | +$461K |
|
2784
CALL
Coeur Mining
CDE
$15.4B
| $5.62M | ﹤0.01% |
+315,000
| New | +$5.48M |
|
2785
Vodafone
VOD
$36.3B
| $5.61M | ﹤0.01% |
425,053
-2,734,951
| -87% | -$33.1M |
|
2786
Sportradar
SRAD
$4.3B
| $5.6M | ﹤0.01% |
235,716
-7,963
| -3% | -$192K |
|
2787
Usana Health Sciences
USNA
$408M
| $5.6M | ﹤0.01% |
285,416
+250,424
| +716% | +$5.2M |
|
2788
Moody's
MCO
$82.8B
| $5.6M | ﹤0.01% |
10,954
-29,688
| -73% | -$14.5M |
|
2789
DNOW Inc
DNOW
$2.58B
| $5.59M | ﹤0.01% |
421,740
-135,996
| -24% | -$1.91M |
|
2790
CALL
Transmedics
TMDX
$2.64B
| $5.58M | ﹤0.01% |
45,900
-26,700
| -37% | -$3.35M |
|
2791
CALL
Duke Energy
DUK
$97.8B
| $5.58M | ﹤0.01% |
47,600
-58,500
| -55% | -$7.14M |
|
2792
Kyverna Therapeutics
KYTX
$444M
| $5.58M | ﹤0.01% |
593,369
+41,734
| +8% | +$310K |
|
2793
Enact Holdings
ACT
$6.61B
| $5.55M | ﹤0.01% |
140,093
-36,863
| -21% | -$1.39M |
|
2794
Phinia Inc
PHIN
$2.7B
| $5.55M | ﹤0.01% |
88,490
-67,776
| -43% | -$3.75M |
|
2795
Lexicon Pharmaceuticals
LXRX
$1.03B
| $5.54M | ﹤0.01% |
4,821,733
+991,073
| +26% | +$1.36M |
|
|
ARDT
2796
Ardent Health
ARDT
$1.53B
| $5.54M | ﹤0.01% |
627,435
-642,170
| -51% | -$7.42M |
|
|
ANDG
2797
Andersen Group
ANDG
$5.35B
| $5.54M | ﹤0.01% |
+213,648
| New | +$5.37M |
|
2798
PUT
Paychex
PAYX
$41.6B
| $5.52M | ﹤0.01% |
49,200
-124,400
| -72% | -$14.6M |
|
|
LWAC
2799
LightWave Acquisition Corp
LWAC
$309M
| $5.52M | ﹤0.01% |
+550,000
| New | +$5.53M |
|
2800
Virtus Investment Partners
VRTS
$1.06B
| $5.51M | ﹤0.01% |
33,768
+3,391
| +11% | +$573K |
|
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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.