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 | |
|---|---|---|---|---|---|---|
3351
CALL
Diamondback Energy
FANG
$55.9B
| $3.31M | ﹤0.01% |
22,000
-7,400
| -25% | -$1.09M |
|
3352
Organon & Co
OGN
$3.56B
| $3.3M | ﹤0.01% |
460,948
-4,066,587
| -90% | -$32.1M |
|
3353
AMC Global Media
AMCX
$479M
| $3.3M | ﹤0.01% |
346,923
+322,308
| +1,309% | +$2.72M |
|
3354
PUT
Tenet Healthcare
THC
$20.1B
| $3.3M | ﹤0.01% |
16,600
-6,100
| -27% | -$1.23M |
|
3355
CALL
NetApp
NTAP
$35.9B
| $3.3M | ﹤0.01% |
30,800
-38,500
| -56% | -$4.4M |
|
3356
CALL
Energy Fuels
UUUU
$3.04B
| $3.3M | ﹤0.01% |
226,800
-300,000
| -57% | -$5.09M |
|
|
NNDM
3357
Nano Dimension
NNDM
$328M
| $3.29M | ﹤0.01% |
2,135,600
+796,253
| +59% | +$1.35M |
|
3358
Tenaya Therapeutics
TNYA
$158M
| $3.28M | ﹤0.01% |
4,615,746
+111,154
| +2% | +$151K |
|
3359
CALL
Lumentum
LITE
$60.7B
| $3.28M | ﹤0.01% |
8,900
-12,000
| -57% | -$3.08M |
|
|
DENN
3360
DELISTED
Denny's
DENN
| $3.28M | ﹤0.01% |
526,977
+13,367
| +3% | +$75.8K |
|
3361
LG Display
LPL
$3.07B
| $3.27M | ﹤0.01% |
776,354
+372,199
| +92% | +$1.74M |
|
3362
Grupo Aeroportuario Centro Norte
OMAB
$5.15B
| $3.27M | ﹤0.01% |
30,045
-10,451
| -26% | -$1.09M |
|
3363
nLIGHT
LASR
$3.95B
| $3.27M | ﹤0.01% |
87,120
-1,017,812
| -92% | -$34M |
|
|
DNMXU
3364
Dynamix Corporation III Unit
DNMXU
$177M
| $3.27M | ﹤0.01% |
+325,000
| New | +$3.28M |
|
3365
Lightwave Logic
LWLG
$1.05B
| $3.26M | ﹤0.01% |
1,006,720
-847,145
| -46% | -$3.76M |
|
3366
Collegium Pharmaceutical
COLL
$1.15B
| $3.25M | ﹤0.01% |
70,283
-51,903
| -42% | -$2.17M |
|
3367
Holley
HLLY
$332M
| $3.25M | ﹤0.01% |
787,867
+541,411
| +220% | +$1.95M |
|
|
3368
Energy Fuels
UUUU
$3.04B
| $3.25M | ﹤0.01% |
223,256
-204,314
| -48% | -$3.47M |
|
3369
PUT
Veeva Systems
VEEV
$33.5B
| $3.24M | ﹤0.01% |
14,500
| – | – |
|
3370
PUT
AB InBev
BUD
$166B
| $3.23M | ﹤0.01% |
50,400
-400
| -0.8% | -$24.8K |
|
3371
Savara
SVRA
$1.09B
| $3.23M | ﹤0.01% |
534,968
-309,209
| -37% | -$1.51M |
|
3372
iShares Preferred and Income Securities ETF
PFF
$13.3B
| $3.22M | ﹤0.01% |
104,138
-327,672
| -76% | -$10.2M |
|
3373
Texas Pacific Land
TPL
$28B
| $3.22M | ﹤0.01% |
11,219
-1,930
| -15% | -$589K |
|
3374
PUT
Equinix
EQIX
$102B
| $3.22M | ﹤0.01% |
4,200
-800
| -16% | -$627K |
|
3375
CALL
Alcon
ALC
$34.2B
| $3.22M | ﹤0.01% |
42,800
+39,100
| +1,057% | +$3.01M |
|
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.