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 | |
|---|---|---|---|---|---|---|
|
BLUW
2851
Blue Water Acquisition Corp III
BLUW
$335M
| $5.27M | ﹤0.01% |
510,484
-262,316
| -34% | -$2.66M |
|
2852
Tango Therapeutics
TNGX
$4.43B
| $5.25M | ﹤0.01% |
593,004
-702,397
| -54% | -$6.05M |
|
2853
CALL
J.M. Smucker
SJM
$12.7B
| $5.23M | ﹤0.01% |
53,500
+16,900
| +46% | +$1.75M |
|
2854
SELLAS Life Sciences
SLS
$1.97B
| $5.23M | ﹤0.01% |
1,387,849
+1,073,147
| +341% | +$2.09M |
|
2855
CALL
Burlington
BURL
$23.2B
| $5.23M | ﹤0.01% |
18,100
+14,300
| +376% | +$3.88M |
|
2856
CALL
Hilton Worldwide
HLT
$72.1B
| $5.23M | ﹤0.01% |
18,200
+2,300
| +14% | +$626K |
|
2857
GameStop
GME
$9.75B
| $5.23M | ﹤0.01% |
+260,274
| New | +$5.84M |
|
2858
PUT
American Electric Power
AEP
$69.6B
| $5.22M | ﹤0.01% |
45,300
-12,000
| -21% | -$1.42M |
|
2859
Dine Brands
DIN
$456M
| $5.22M | ﹤0.01% |
162,522
-46,214
| -22% | -$1.34M |
|
2860
CALL
Realty Income
O
$59.6B
| $5.22M | ﹤0.01% |
92,600
-33,600
| -27% | -$1.95M |
|
2861
CALL
MP Materials
MP
$7.36B
| $5.22M | ﹤0.01% |
+103,300
| New | +$6.55M |
|
|
GTEN
2862
Gores Holdings X
GTEN
$472M
| $5.22M | ﹤0.01% |
509,023
-1,462
| -0.3% | -$15.1K |
|
2863
Rush Enterprises Class A
RUSHA
$6.2B
| $5.21M | ﹤0.01% |
96,506
-444,436
| -82% | -$23.1M |
|
2864
IonQ
IONQ
$13.6B
| $5.21M | ﹤0.01% |
116,004
-300,214
| -72% | -$16.8M |
|
2865
Kforce
KFRC
$1.02B
| $5.2M | ﹤0.01% |
168,274
-59,574
| -26% | -$1.75M |
|
2866
TransDigm Group
TDG
$70.2B
| $5.2M | ﹤0.01% |
3,912
-368
| -9% | -$482K |
|
2867
Starbucks
SBUX
$120B
| $5.2M | ﹤0.01% |
61,759
-235,520
| -79% | -$19.9M |
|
2868
Travere Therapeutics
TVTX
$5.2B
| $5.2M | ﹤0.01% |
136,065
+2,196
| +2% | +$71.4K |
|
2869
MGE Energy Inc
MGEE
$3B
| $5.19M | ﹤0.01% |
66,205
+17,435
| +36% | +$1.43M |
|
2870
NET Power
NPWR
$126M
| $5.19M | ﹤0.01% |
2,276,592
-88,654
| -4% | -$277K |
|
2871
Viant Technology
DSP
$236M
| $5.18M | ﹤0.01% |
429,993
+205,160
| +91% | +$2.05M |
|
2872
Willdan Group
WLDN
$1.04B
| $5.18M | ﹤0.01% |
49,927
-89,656
| -64% | -$8.83M |
|
2873
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
| $5.17M | ﹤0.01% |
8,575
-26,852
| -76% | -$16.1M |
|
2874
Vipshop
VIPS
$7.37B
| $5.17M | ﹤0.01% |
292,203
+169,019
| +137% | +$3.25M |
|
|
AXIN
2875
Axiom Intelligence Acquisition Corp 1
AXIN
$280M
| $5.17M | ﹤0.01% |
513,750
+249,250
| +94% | +$2.5M |
|
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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.