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 | |
|---|---|---|---|---|---|---|
2976
PUT
Elastic
ESTC
$7.16B
| $4.7M | ﹤0.01% |
62,300
-66,900
| -52% | -$5.46M |
|
2977
PUT
Realty Income
O
$58.9B
| $4.69M | ﹤0.01% |
83,200
-10,700
| -11% | -$619K |
|
|
MNTN
2978
MNTN Inc
MNTN
$714M
| $4.69M | ﹤0.01% |
392,532
+143,192
| +57% | +$2.06M |
|
2979
Lakeland Financial Corp
LKFN
$1.57B
| $4.69M | ﹤0.01% |
82,130
+49,020
| +148% | +$2.91M |
|
2980
Coca-Cola Europacific Partners
CCEP
$47.5B
| $4.68M | ﹤0.01% |
51,613
+27,763
| +116% | +$2.51M |
|
2981
PUT
Pan American Silver
PAAS
$18.2B
| $4.68M | ﹤0.01% |
90,300
+62,300
| +223% | +$2.61M |
|
2982
Midland States Bancorp
MSBI
$717M
| $4.68M | ﹤0.01% |
220,912
-95,199
| -30% | -$1.68M |
|
|
NPAC
2983
New Providence Acquisition Corp III
NPAC
$400M
| $4.68M | ﹤0.01% |
455,750
+272,416
| +149% | +$2.79M |
|
2984
PUT
Fastenal
FAST
$55.1B
| $4.68M | ﹤0.01% |
116,500
-39,800
| -25% | -$1.68M |
|
2985
NextDecade
NEXT
$1.76B
| $4.67M | ﹤0.01% |
886,123
+178,323
| +25% | +$1.06M |
|
2986
CALL
Diageo
DEO
$49.2B
| $4.67M | ﹤0.01% |
54,100
+19,600
| +57% | +$1.81M |
|
2987
Trinity Capital Inc.
TRIN
$1.59B
| $4.67M | ﹤0.01% |
318,535
+196,120
| +160% | +$2.92M |
|
2988
CALL
Interactive Brokers
IBKR
$38.9B
| $4.66M | ﹤0.01% |
72,500
-44,000
| -38% | -$2.95M |
|
2989
PUT
Lemonade
LMND
$4.11B
| $4.66M | ﹤0.01% |
65,500
-16,100
| -20% | -$1.08M |
|
2990
PUT
Parker-Hannifin
PH
$124B
| $4.66M | ﹤0.01% |
5,300
-22,000
| -81% | -$18M |
|
|
AEXA
2991
American Exceptionalism Acquisition Corp
AEXA
$557M
| $4.65M | ﹤0.01% |
408,372
-263,454
| -39% | -$2.96M |
|
2992
Byline Bancorp
BY
$1.8B
| $4.65M | ﹤0.01% |
159,428
-259,699
| -62% | -$7.3M |
|
2993
Oneok
OKE
$55.3B
| $4.65M | ﹤0.01% |
63,220
-163,335
| -72% | -$11.6M |
|
2994
CALL
L3Harris
LHX
$51.3B
| $4.64M | ﹤0.01% |
15,800
+2,700
| +21% | +$780K |
|
2995
Illumina
ILMN
$30.1B
| $4.64M | ﹤0.01% |
35,351
-295,389
| -89% | -$34.7M |
|
2996
Warby Parker
WRBY
$3.5B
| $4.63M | ﹤0.01% |
212,568
-1,244,989
| -85% | -$27.1M |
|
|
NWAX.U
2997
New America Acquisition I Corp Units
NWAX.U
| $4.63M | ﹤0.01% |
+444,861
| New | +$4.62M |
|
2998
Willis Lease Finance
WLFC
$1.76B
| $4.63M | ﹤0.01% |
102,333
-95,691
| -48% | -$4.13M |
|
2999
CALL
Omnicell
OMCL
$1.69B
| $4.62M | ﹤0.01% |
+102,000
| New | +$3.73M |
|
3000
QuidelOrtho
QDEL
$1.2B
| $4.61M | ﹤0.01% |
161,461
-209,733
| -57% | -$5.68M |
|
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.