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 | |
|---|---|---|---|---|---|---|
3151
CALL
Unilever
UL
$137B
| $4.03M | ﹤0.01% |
61,600
+31,289
| +103% | +$2.1M |
|
|
IRD
3152
Opus Genetics
IRD
$301M
| $4.03M | ﹤0.01% |
+2,002,550
| New | +$4.07M |
|
3153
Preformed Line Products
PLPC
$1.75B
| $4.02M | ﹤0.01% |
19,470
+14,647
| +304% | +$3.12M |
|
3154
Arcus Biosciences
RCUS
$3.47B
| $4.02M | ﹤0.01% |
168,876
-466,068
| -73% | -$9.51M |
|
|
GAP
3155
PUT
The Gap Inc
GAP
$7.38B
| $4.02M | ﹤0.01% |
156,900
-22,900
| -13% | -$555K |
|
3156
HNI Corp
HNI
$3.43B
| $4.02M | ﹤0.01% |
95,524
-115,234
| -55% | -$4.87M |
|
3157
Protara Therapeutics
TARA
$223M
| $4.02M | ﹤0.01% |
753,302
+65,046
| +9% | +$362K |
|
|
SLN
3158
Silence Therapeutics
SLN
$504M
| $4.01M | ﹤0.01% |
659,592
+361,080
| +121% | +$2.31M |
|
|
VHCPU
3159
Vine Hill Capital Investment Corp II Units
VHCPU
| $4.01M | ﹤0.01% |
+400,000
| New | +$4.01M |
|
3160
Sprott Uranium Miners ETF
URNM
$1.84B
| $4.01M | ﹤0.01% |
73,007
+11,719
| +19% | +$677K |
|
|
MESHU
3161
Meshflow Acquisition Corp Units
MESHU
| $4M | ﹤0.01% |
+400,000
| New | +$4M |
|
|
SCPQU
3162
Social Commerce Partners Corp Unit
SCPQU
$106M
| $4M | ﹤0.01% |
+400,000
| New | +$4.01M |
|
3163
Janux Therapeutics
JANX
$934M
| $4M | ﹤0.01% |
289,808
+189,163
| +188% | +$4.45M |
|
|
AEAQU
3164
Activate Energy Acquisition Corp Unit
AEAQU
| $4M | ﹤0.01% |
+400,000
| New | +$4M |
|
3165
Insteel Industries
IIIN
$602M
| $4M | ﹤0.01% |
126,195
-28,427
| -18% | -$928K |
|
3166
Peapack-Gladstone Financial
PGC
$821M
| $3.99M | ﹤0.01% |
143,306
+71,932
| +101% | +$1.96M |
|
3167
StoneX
SNEX
$9.22B
| $3.99M | ﹤0.01% |
+94,361
| New | +$3.95M |
|
3168
Quince Therapeutics
QNCX
$24.4M
| $3.99M | ﹤0.01% |
5,952
-982
| -14% | -$494K |
|
3169
Ameresco
AMRC
$1.2B
| $3.99M | ﹤0.01% |
136,089
+84,542
| +164% | +$2.97M |
|
|
TWLVU
3170
Twelve Seas Investment Company III Units
TWLVU
| $3.98M | ﹤0.01% |
+400,000
| New | +$3.99M |
|
3171
America Movil
AMX
$74.9B
| $3.97M | ﹤0.01% |
192,219
+154,588
| +411% | +$3.4M |
|
3172
PUT
JB Hunt Transport Services
JBHT
$25.1B
| $3.96M | ﹤0.01% |
20,400
+9,400
| +85% | +$1.61M |
|
3173
Woori Financial
WF
$16.8B
| $3.95M | ﹤0.01% |
+67,254
| New | +$3.75M |
|
3174
Riskified
RSKD
$698M
| $3.95M | ﹤0.01% |
795,441
+612,719
| +335% | +$2.95M |
|
3175
Lemonade
LMND
$4.1B
| $3.95M | ﹤0.01% |
55,508
-118,798
| -68% | -$7.98M |
|
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.