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 | |
|---|---|---|---|---|---|---|
2951
CALL
Align Technology
ALGN
$12.3B
| $4.84M | ﹤0.01% |
31,000
+900
| +3% | +$129K |
|
2952
CALL
Arthur J. Gallagher & Co
AJG
$64.1B
| $4.84M | ﹤0.01% |
18,700
+4,600
| +33% | +$1.22M |
|
2953
Sutro Biopharma
STRO
$400M
| $4.84M | ﹤0.01% |
418,196
-34,239
| -8% | -$325K |
|
|
LOVE
2954
DELISTED
LoveSac
LOVE
| $4.83M | ﹤0.01% |
327,477
+259,097
| +379% | +$3.66M |
|
2955
Perella Weinberg Partners
PWP
$1.23B
| $4.83M | ﹤0.01% |
279,025
+265,045
| +1,896% | +$4.95M |
|
2956
CALL
FTAI Aviation
FTAI
$23.6B
| $4.82M | ﹤0.01% |
24,500
-3,100
| -11% | -$528K |
|
2957
PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund
ZROZ
$1.27B
| $4.82M | ﹤0.01% |
75,000
-25,000
| -25% | -$1.69M |
|
2958
Hanmi Financial
HAFC
$949M
| $4.81M | ﹤0.01% |
178,125
+125,292
| +237% | +$3.35M |
|
2959
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.7B
| $4.81M | ﹤0.01% |
10,000
-12,000
| -55% | -$5.68M |
|
2960
CALL
Air Products & Chemicals
APD
$65.1B
| $4.79M | ﹤0.01% |
19,400
-7,600
| -28% | -$1.93M |
|
2961
PUT
T. Rowe Price
TROW
$24.2B
| $4.79M | ﹤0.01% |
46,800
-2,100
| -4% | -$217K |
|
2962
Central Pacific Financial
CPF
$1.03B
| $4.78M | ﹤0.01% |
153,529
+57,455
| +60% | +$1.73M |
|
2963
Fidus Investment
FDUS
$767M
| $4.78M | ﹤0.01% |
+247,580
| New | +$4.92M |
|
2964
iShares Russell 1000 Value ETF
IWD
$82.6B
| $4.78M | ﹤0.01% |
22,704
+20,348
| +864% | +$4.2M |
|
2965
World Kinect Corp
WKC
$2.04B
| $4.77M | ﹤0.01% |
203,603
-1,399,393
| -87% | -$34.5M |
|
2966
CALL
Ares Management
ARES
$29.9B
| $4.77M | ﹤0.01% |
29,500
-92,900
| -76% | -$14.5M |
|
|
NVMI
2967
PUT
Nova
NVMI
$12.2B
| $4.76M | ﹤0.01% |
14,500
+1,800
| +14% | +$579K |
|
2968
Petrobras Class A
PBR.A
$109B
| $4.74M | ﹤0.01% |
420,984
+147,424
| +54% | +$1.7M |
|
|
DCBO
2969
Docebo
DCBO
$538M
| $4.74M | ﹤0.01% |
213,444
+123,473
| +137% | +$2.95M |
|
2970
Savers
SVV
$1.62B
| $4.74M | ﹤0.01% |
507,447
+424,752
| +514% | +$4.37M |
|
2971
Ethan Allen Interiors
ETD
$590M
| $4.73M | ﹤0.01% |
206,945
+137,566
| +198% | +$3.43M |
|
|
GIWWU
2972
GigCapital8 Corp Units
GIWWU
| $4.73M | ﹤0.01% |
+464,234
| New | +$4.76M |
|
2973
PUT
Polaris
PII
$4.06B
| $4.72M | ﹤0.01% |
74,700
+60,000
| +408% | +$3.95M |
|
2974
Emerson Electric
EMR
$84.9B
| $4.72M | ﹤0.01% |
35,598
-77,660
| -69% | -$10.3M |
|
2975
Veritone
VERI
$104M
| $4.7M | ﹤0.01% |
1,010,755
+964,167
| +2,070% | +$5.19M |
|
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.