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 | |
|---|---|---|---|---|---|---|
|
ETHW
3426
Bitwise Ethereum ETF
ETHW
$196M
| $3.06M | ﹤0.01% |
143,949
| – | – |
|
|
PMTR
3427
Perimeter Acquisition Corp I
PMTR
$320M
| $3.06M | ﹤0.01% |
297,721
-279
| -0.1% | -$2.88K |
|
3428
CALL
Tenet Healthcare
THC
$20.5B
| $3.06M | ﹤0.01% |
15,400
-26,200
| -63% | -$5.29M |
|
3429
CALL
AutoZone
AZO
$49.2B
| $3.05M | ﹤0.01% |
900
+100
| +13% | +$378K |
|
|
GTM
3430
PUT
ZoomInfo Technologies
GTM
$973M
| $3.05M | ﹤0.01% |
+300,000
| New | +$3.09M |
|
3431
CALL
Paylocity
PCTY
$7.38B
| $3.05M | ﹤0.01% |
+20,000
| New | +$2.98M |
|
3432
Granite Ridge Resources
GRNT
$627M
| $3.05M | ﹤0.01% |
648,910
+192,837
| +42% | +$995K |
|
3433
ZipRecruiter
ZIP
$321M
| $3.05M | ﹤0.01% |
781,961
-714,806
| -48% | -$3.21M |
|
3434
PUT
Li Auto
LI
$13.4B
| $3.05M | ﹤0.01% |
180,100
+131,600
| +271% | +$2.61M |
|
3435
PUT
First Majestic Silver
AG
$7.41B
| $3.05M | ﹤0.01% |
182,900
+6,200
| +4% | +$86.1K |
|
3436
State Street SPDR S&P Metals & Mining ETF
XME
$3.94B
| $3.05M | ﹤0.01% |
29,395
-94,718
| -76% | -$9.36M |
|
|
ETOR
3437
eToro Group
ETOR
$2.84B
| $3.04M | ﹤0.01% |
86,626
-150,171
| -63% | -$5.8M |
|
3438
Backblaze
BLZE
$823M
| $3.04M | ﹤0.01% |
652,675
-217,575
| -25% | -$1.49M |
|
3439
Forum Energy Technologies
FET
$708M
| $3.04M | ﹤0.01% |
+82,295
| New | +$2.55M |
|
3440
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.6B
| $3.04M | ﹤0.01% |
38,131
-55,723
| -59% | -$4.45M |
|
3441
First Internet Bancorp
INBK
$257M
| $3.04M | ﹤0.01% |
145,554
+47,715
| +49% | +$960K |
|
3442
CALL
Sterling Infrastructure
STRL
$18.3B
| $3.03M | ﹤0.01% |
+9,900
| New | +$3.41M |
|
3443
Immersion
IMMR
$251M
| $3.03M | ﹤0.01% |
445,224
-91,509
| -17% | -$621K |
|
|
BBOT
3444
BridgeBio Oncology
BBOT
$648M
| $3.02M | ﹤0.01% |
241,415
-128,148
| -35% | -$1.55M |
|
|
BIOA
3445
BioAge Labs
BIOA
$402M
| $3.02M | ﹤0.01% |
228,414
-78,138
| -25% | -$693K |
|
3446
Pangaea Logistics
PANL
$498M
| $3.02M | ﹤0.01% |
438,987
+416,439
| +1,847% | +$2.52M |
|
3447
Federated Hermes
FHI
$4.55B
| $3.02M | ﹤0.01% |
58,003
-353,840
| -86% | -$18M |
|
3448
Viking Therapeutics
VKTX
$3.7B
| $3.02M | ﹤0.01% |
85,801
-341,894
| -80% | -$12.1M |
|
3449
PUT
XPO
XPO
$23.5B
| $3.02M | ﹤0.01% |
22,200
+2,700
| +14% | +$368K |
|
3450
CALL
Astera Labs
ALAB
$53.3B
| $3.01M | ﹤0.01% |
18,100
-38,400
| -68% | -$6.42M |
|
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.