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 | |
|---|---|---|---|---|---|---|
3451
PUT
Cintas
CTAS
$81.9B
| $3.01M | ﹤0.01% |
16,000
-16,000
| -50% | -$3.01M |
|
3452
Tyra Biosciences
TYRA
$1.9B
| $3.01M | ﹤0.01% |
114,388
-29,628
| -21% | -$544K |
|
3453
Atlantic Union Bankshares
AUB
$6.02B
| $3.01M | ﹤0.01% |
85,131
-54,469
| -39% | -$1.87M |
|
3454
Installed Building Products
IBP
$6.01B
| $3M | ﹤0.01% |
11,584
-13,929
| -55% | -$3.6M |
|
3455
VF Corp
VFC
$5.63B
| $3M | ﹤0.01% |
166,114
-1,671,384
| -91% | -$27.1M |
|
|
OTGA
3456
OTG Acquisition Corp I
OTGA
$300M
| $3M | ﹤0.01% |
+300,000
| New | +$3.01M |
|
3457
Tidewater
TDW
$3.73B
| $3M | ﹤0.01% |
59,388
+15,373
| +35% | +$812K |
|
3458
CALL
SoundHound AI
SOUN
$2.67B
| $3M | ﹤0.01% |
300,600
+79,700
| +36% | +$1.15M |
|
|
SEPN
3459
Septerna Inc
SEPN
$1.55B
| $3M | ﹤0.01% |
107,463
-276,737
| -72% | -$6.61M |
|
3460
PUT
Rockwell Automation
ROK
$53.4B
| $3M | ﹤0.01% |
7,700
-4,400
| -36% | -$1.65M |
|
|
OBE
3461
Obsidian Energy
OBE
$716M
| $2.99M | ﹤0.01% |
487,895
+217,239
| +80% | +$1.31M |
|
3462
ZTO Express
ZTO
$18.3B
| $2.99M | ﹤0.01% |
143,160
+126,624
| +766% | +$2.51M |
|
3463
SIGA Technologies
SIGA
$235M
| $2.99M | ﹤0.01% |
489,310
+232,973
| +91% | +$1.66M |
|
|
FSUN
3464
FirstSun Capital Bancorp
FSUN
$1.91B
| $2.99M | ﹤0.01% |
+79,436
| New | +$2.89M |
|
3465
Arrowhead Research
ARWR
$11.9B
| $2.99M | ﹤0.01% |
45,018
-64,789
| -59% | -$3.18M |
|
3466
Lightbridge
LTBR
$271M
| $2.99M | ﹤0.01% |
236,449
-138,672
| -37% | -$2.67M |
|
3467
PUT
F5
FFIV
$22.9B
| $2.99M | ﹤0.01% |
+11,700
| New | +$3.15M |
|
|
IRHOU
3468
Iron Horse Acquisitions II Corp Units
IRHOU
| $2.98M | ﹤0.01% |
+300,000
| New | +$2.99M |
|
3469
CALL
PG&E
PCG
$38.3B
| $2.98M | ﹤0.01% |
185,200
-337,500
| -65% | -$5.39M |
|
3470
CALL
Howmet Aerospace
HWM
$113B
| $2.97M | ﹤0.01% |
14,500
-4,800
| -25% | -$955K |
|
|
ARX
3471
Accelerant Holdings
ARX
$2.59B
| $2.97M | ﹤0.01% |
181,647
-690,433
| -79% | -$9.72M |
|
3472
PUT
Moody's
MCO
$82.8B
| $2.96M | ﹤0.01% |
5,800
+100
| +2% | +$48.8K |
|
|
FIGX
3473
FIGX Capital Acquisition Corp
FIGX
$199M
| $2.96M | ﹤0.01% |
+293,750
| New | +$2.96M |
|
3474
Lightspeed Commerce
LSPD
$1.31B
| $2.96M | ﹤0.01% |
244,621
-246,504
| -50% | -$2.92M |
|
|
LEGT
3475
DELISTED
Legato Merger Corp III
LEGT
| $2.95M | ﹤0.01% |
271,354
| – | – |
|
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.