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 | |
|---|---|---|---|---|---|---|
|
KFII
2876
K&F Growth Acquisition Corp II
KFII
$417M
| $5.17M | ﹤0.01% |
499,700
| – | – |
|
2877
Build-A-Bear
BBW
$425M
| $5.16M | ﹤0.01% |
84,227
+191
| +0.2% | +$10.4K |
|
2878
The GEO Group
GEO
$4.13B
| $5.15M | ﹤0.01% |
319,660
-279,047
| -47% | -$4.65M |
|
2879
Protolabs
PRLB
$1.79B
| $5.14M | ﹤0.01% |
101,532
-2,636
| -3% | -$135K |
|
|
TEM
2880
CALL
Tempus AI
TEM
$7.92B
| $5.13M | ﹤0.01% |
86,900
-246,600
| -74% | -$19.3M |
|
2881
iShares US Real Estate ETF
IYR
$4.67B
| $5.13M | ﹤0.01% |
54,639
-3,515
| -6% | -$335K |
|
2882
CALL
RH
RH
$3.13B
| $5.12M | ﹤0.01% |
28,600
+21,000
| +276% | +$3.59M |
|
2883
Crane NXT
CXT
$2.99B
| $5.12M | ﹤0.01% |
108,798
+79,206
| +268% | +$4.68M |
|
2884
PUT
Keysight
KEYS
$54.5B
| $5.12M | ﹤0.01% |
+25,200
| New | +$4.68M |
|
2885
Intapp
INTA
$2.52B
| $5.12M | ﹤0.01% |
111,749
-256,942
| -70% | -$10.7M |
|
|
AAT
2886
American Assets Trust
AAT
$1.45B
| $5.12M | ﹤0.01% |
270,362
-8,867
| -3% | -$171K |
|
2887
Entrada Therapeutics
TRDA
$264M
| $5.12M | ﹤0.01% |
497,695
-338,914
| -41% | -$2.86M |
|
2888
Ameren
AEE
$30.3B
| $5.11M | ﹤0.01% |
51,182
-142,512
| -74% | -$14.6M |
|
2889
Codexis
CDXS
$151M
| $5.11M | ﹤0.01% |
3,135,192
-932,367
| -23% | -$1.9M |
|
2890
JELD-WEN Holding
JELD
$122M
| $5.11M | ﹤0.01% |
2,077,328
-596,666
| -22% | -$1.96M |
|
2891
Diageo
DEO
$49B
| $5.1M | ﹤0.01% |
59,095
-169,231
| -74% | -$15.6M |
|
2892
Western Alliance Bancorporation
WAL
$8.79B
| $5.1M | ﹤0.01% |
60,629
-101,185
| -63% | -$8.22M |
|
2893
CALL
Petrobras
PBR
$125B
| $5.09M | ﹤0.01% |
429,300
+5,700
| +1% | +$69.6K |
|
2894
CALL
Scotiabank
BNS
$107B
| $5.06M | ﹤0.01% |
50,000
-51,400
| -51% | -$3.49M |
|
2895
Companhia Siderúrgica Nacional
SID
$1.31B
| $5.06M | ﹤0.01% |
3,162,952
-657,439
| -17% | -$1.07M |
|
2896
Live Nation Entertainment
LYV
$40.6B
| $5.06M | ﹤0.01% |
35,505
-59,903
| -63% | -$8.61M |
|
2897
CALL
Affirm
AFRM
$23.9B
| $5.05M | ﹤0.01% |
67,900
-89,100
| -57% | -$6.41M |
|
2898
Seneca Foods Class A
SENEA
$1.12B
| $5.05M | ﹤0.01% |
45,633
-7,975
| -15% | -$911K |
|
2899
Lincoln Educational Services
LINC
$1.33B
| $5.05M | ﹤0.01% |
208,912
+191,270
| +1,084% | +$4.17M |
|
2900
PUT
NetApp
NTAP
$35B
| $5.04M | ﹤0.01% |
47,100
+16,100
| +52% | +$1.84M |
|
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.