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 | |
|---|---|---|---|---|---|---|
3176
Cedar Fair
FUN
$1.8B
| $3.95M | ﹤0.01% |
257,317
-191,365
| -43% | -$3.46M |
|
|
ZEUS
3177
DELISTED
Olympic Steel
ZEUS
| $3.94M | ﹤0.01% |
92,021
+56,353
| +158% | +$2.01M |
|
3178
CALL
Kohl's
KSS
$2.28B
| $3.94M | ﹤0.01% |
192,900
-99,600
| -34% | -$1.87M |
|
3179
PUT
FTAI Aviation
FTAI
$23.1B
| $3.94M | ﹤0.01% |
20,000
-9,100
| -31% | -$1.55M |
|
3180
Varex Imaging
VREX
$502M
| $3.93M | ﹤0.01% |
337,017
-576,152
| -63% | -$6.75M |
|
|
NP
3181
Neptune Insurance Holdings
NP
$4.34B
| $3.92M | ﹤0.01% |
+134,396
| New | +$3.54M |
|
3182
Tootsie Roll Industries
TR
$2.96B
| $3.91M | ﹤0.01% |
109,931
-228,242
| -67% | -$8.65M |
|
3183
CALL
Brown-Forman Class B
BF.B
$12.8B
| $3.91M | ﹤0.01% |
+150,000
| New | +$4.22M |
|
3184
California Water Service
CWT
$3.05B
| $3.91M | ﹤0.01% |
90,157
-277,917
| -76% | -$12.7M |
|
3185
GCM Grosvenor
GCMG
$795M
| $3.9M | ﹤0.01% |
344,763
-945,459
| -73% | -$10.8M |
|
3186
Rush Enterprises Class B
RUSHB
$6.1B
| $3.9M | ﹤0.01% |
69,340
-11,777
| -15% | -$643K |
|
|
BACC
3187
Blue Acquisition Corp
BACC
$293M
| $3.9M | ﹤0.01% |
381,638
-58,362
| -13% | -$593K |
|
3188
Incyte
INCY
$24B
| $3.89M | ﹤0.01% |
39,389
-1,229
| -3% | -$119K |
|
3189
PUT
Five Below
FIVE
$12B
| $3.88M | ﹤0.01% |
20,600
+2,200
| +12% | +$358K |
|
3190
PUT
Agilent Technologies
A
$39.5B
| $3.88M | ﹤0.01% |
28,500
+16,700
| +142% | +$2.4M |
|
3191
Limbach Holdings
LMB
$873M
| $3.87M | ﹤0.01% |
49,758
+4,455
| +10% | +$367K |
|
3192
NIO
NIO
$12.1B
| $3.87M | ﹤0.01% |
758,339
+468,945
| +162% | +$2.89M |
|
3193
Perspective Therapeutics
CATX
$343M
| $3.87M | ﹤0.01% |
1,406,374
-1,154,738
| -45% | -$3.29M |
|
3194
Asbury Automotive
ABG
$4.24B
| $3.87M | ﹤0.01% |
16,623
+6,957
| +72% | +$1.64M |
|
3195
CALL
Hershey
HSY
$35.7B
| $3.86M | ﹤0.01% |
21,200
+5,600
| +36% | +$1.02M |
|
3196
PUT
Nutrien
NTR
$31.7B
| $3.86M | ﹤0.01% |
+62,500
| New | +$3.68M |
|
3197
PUT
Williams Companies
WMB
$86.1B
| $3.85M | ﹤0.01% |
64,100
+38,200
| +147% | +$2.31M |
|
3198
PUT
Cenovus Energy
CVE
$54.5B
| $3.84M | ﹤0.01% |
227,100
-3,500
| -2% | -$60.8K |
|
3199
Context Therapeutics
CNTX
$55.5M
| $3.82M | ﹤0.01% |
+2,601,216
| New | +$3.04M |
|
3200
Signet Jewelers
SIG
$3.69B
| $3.82M | ﹤0.01% |
46,079
-23,991
| -34% | -$2.28M |
|
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.