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 | |
|---|---|---|---|---|---|---|
|
CAI
2826
CALL
Caris Life Sciences
CAI
$4.43B
| $5.4M | ﹤0.01% |
+200,000
| New | +$5.63M |
|
2827
PUT
Tyson Foods
TSN
$20.4B
| $5.39M | ﹤0.01% |
91,900
+83,100
| +944% | +$4.56M |
|
2828
PUT
Cloudflare
NET
$99B
| $5.38M | ﹤0.01% |
27,300
-18,700
| -41% | -$3.96M |
|
2829
CALL
Indivior Pharmaceuticals
INDV
$4.73B
| $5.38M | ﹤0.01% |
+150,000
| New | +$4.58M |
|
2830
Weave Communications
WEAV
$520M
| $5.38M | ﹤0.01% |
709,036
+345,117
| +95% | +$2.29M |
|
2831
FIVE9
FIVN
$2.11B
| $5.38M | ﹤0.01% |
268,338
+147,713
| +122% | +$3.14M |
|
2832
PUT
Kinder Morgan
KMI
$71.7B
| $5.38M | ﹤0.01% |
195,700
+68,500
| +54% | +$1.85M |
|
2833
PUT
Dominion Energy
D
$60.8B
| $5.38M | ﹤0.01% |
91,800
-15,500
| -14% | -$934K |
|
2834
Itaú Unibanco
ITUB
$93.2B
| $5.37M | ﹤0.01% |
750,557
-1,283,618
| -63% | -$9.13M |
|
2835
CALL
Pinterest
PINS
$13.4B
| $5.37M | ﹤0.01% |
207,400
+22,100
| +12% | +$636K |
|
2836
CALL
Ford
F
$58.5B
| $5.35M | ﹤0.01% |
408,000
-232,000
| -36% | -$2.99M |
|
2837
CALL
T. Rowe Price
TROW
$23.9B
| $5.33M | ﹤0.01% |
52,100
-3,500
| -6% | -$361K |
|
2838
Travel + Leisure Co
TNL
$4.66B
| $5.33M | ﹤0.01% |
75,560
-180,353
| -70% | -$11.8M |
|
|
SLI
2839
Standard Lithium
SLI
$502M
| $5.33M | ﹤0.01% |
1,191,867
+878,311
| +280% | +$3.72M |
|
2840
PROG Holdings
PRG
$1.75B
| $5.32M | ﹤0.01% |
180,515
+129,880
| +257% | +$3.87M |
|
2841
Innovative Solutions & Support
ISSC
$327M
| $5.31M | ﹤0.01% |
280,579
+259,561
| +1,235% | +$2.96M |
|
2842
DoubleVerify
DV
$1.73B
| $5.3M | ﹤0.01% |
463,723
-184,635
| -28% | -$2.04M |
|
2843
Corvus Pharmaceuticals
CRVS
$1.12B
| $5.3M | ﹤0.01% |
+688,770
| New | +$5.43M |
|
2844
PUT
Akamai
AKAM
$16.7B
| $5.3M | ﹤0.01% |
60,700
-19,400
| -24% | -$1.6M |
|
2845
iShares MSCI Japan ETF
EWJ
$21.9B
| $5.29M | ﹤0.01% |
65,561
+11,780
| +22% | +$968K |
|
2846
CALL
American Eagle Outfitters
AEO
$2.88B
| $5.29M | ﹤0.01% |
200,600
-59,700
| -23% | -$1.18M |
|
2847
Mercury Insurance
MCY
$5.93B
| $5.28M | ﹤0.01% |
56,120
-33,530
| -37% | -$2.91M |
|
2848
CALL
Viking Therapeutics
VKTX
$3.7B
| $5.28M | ﹤0.01% |
150,000
-54,600
| -27% | -$1.93M |
|
2849
loanDepot
LDI
$532M
| $5.28M | ﹤0.01% |
2,548,539
-3,072,014
| -55% | -$8.53M |
|
2850
PUT
Truist Financial
TFC
$63.3B
| $5.28M | ﹤0.01% |
107,200
-100,000
| -48% | -$4.61M |
|
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.