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 | |
|---|---|---|---|---|---|---|
3226
Elbit Systems
ESLT
$38.9B
| $3.75M | ﹤0.01% |
6,485
-33,472
| -84% | -$16.8M |
|
3227
MaxLinear
MXL
$6.09B
| $3.74M | ﹤0.01% |
214,755
-95,635
| -31% | -$1.56M |
|
3228
Simpson Manufacturing
SSD
$7.91B
| $3.74M | ﹤0.01% |
23,177
+18,675
| +415% | +$3.16M |
|
3229
Telesat
TSAT
$611M
| $3.74M | ﹤0.01% |
128,472
+91,272
| +245% | +$2.65M |
|
3230
CALL
Manulife Financial
MFC
$74B
| $3.74M | ﹤0.01% |
75,000
-250,000
| -77% | -$8.49M |
|
3231
CALL
Alnylam Pharmaceuticals
ALNY
$29.5B
| $3.74M | ﹤0.01% |
9,400
-26,100
| -74% | -$11.6M |
|
|
BDCI
3232
BTC Development Corp
BDCI
$350M
| $3.73M | ﹤0.01% |
+373,000
| New | +$3.77M |
|
3233
LGI Homes
LGIH
$1.3B
| $3.72M | ﹤0.01% |
86,679
+26,447
| +44% | +$1.24M |
|
|
LOKV
3234
DELISTED
Live Oak Acquisition Corp V
LOKV
| $3.71M | ﹤0.01% |
360,558
-4,910
| -1% | -$50.4K |
|
3235
CarGurus
CARG
$3.33B
| $3.71M | ﹤0.01% |
96,790
+33,875
| +54% | +$1.22M |
|
3236
Employers Holdings
EIG
$910M
| $3.71M | ﹤0.01% |
85,905
-93,382
| -52% | -$3.81M |
|
3237
PUT
General Dynamics
GD
$103B
| $3.7M | ﹤0.01% |
11,000
-700
| -6% | -$239K |
|
3238
PUT
Vale
VALE
$62B
| $3.7M | ﹤0.01% |
283,900
-5,300
| -2% | -$64.4K |
|
|
MRSH
3239
PUT
Marsh
MRSH
$92B
| $3.69M | ﹤0.01% |
19,900
-6,600
| -25% | -$1.23M |
|
3240
PUT
SiriusXM
SIRI
$10.2B
| $3.69M | ﹤0.01% |
184,500
+8,000
| +5% | +$172K |
|
3241
Post Holdings
POST
$4.09B
| $3.69M | ﹤0.01% |
37,239
-60,709
| -62% | -$6.28M |
|
3242
PUT
Bunge Global
BG
$20.2B
| $3.69M | ﹤0.01% |
41,400
-15,700
| -27% | -$1.45M |
|
3243
Tenax Therapeutics
TENX
$380M
| $3.69M | ﹤0.01% |
302,473
-11,239
| -4% | -$97.8K |
|
3244
Treace Medical Concepts
TMCI
$304M
| $3.68M | ﹤0.01% |
1,502,911
-207,229
| -12% | -$900K |
|
|
DYOR
3245
Insight Digital Partners II
DYOR
$232M
| $3.68M | ﹤0.01% |
+371,249
| New | +$3.68M |
|
3246
CALL
Eastman Chemical
EMN
$8.23B
| $3.68M | ﹤0.01% |
57,600
+50,800
| +747% | +$3.13M |
|
3247
PUT
Global Payments
GPN
$23.6B
| $3.68M | ﹤0.01% |
47,500
-22,300
| -32% | -$1.79M |
|
|
CCCX
3248
DELISTED
Churchill Capital Corp X
CCCX
| $3.68M | ﹤0.01% |
235,614
-546,849
| -70% | -$9.2M |
|
3249
Tecnoglass Holdings Inc.
TGLS
$2.07B
| $3.67M | ﹤0.01% |
72,868
-108,877
| -60% | -$5.94M |
|
|
BRSP
3250
BrightSpire Capital
BRSP
$649M
| $3.66M | ﹤0.01% |
654,448
+63,007
| +11% | +$347K |
|
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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.