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 | |
|---|---|---|---|---|---|---|
|
HITI
3476
High Tide
HITI
$189M
| $2.95M | ﹤0.01% |
1,112,004
+675,396
| +155% | +$2M |
|
|
TUYA
3477
Tuya Inc
TUYA
$1.06B
| $2.94M | ﹤0.01% |
1,394,843
+1,287,909
| +1,204% | +$2.93M |
|
3478
Emergent Biosolutions
EBS
$382M
| $2.94M | ﹤0.01% |
237,674
+159,850
| +205% | +$1.71M |
|
3479
CALL
Grab
GRAB
$15B
| $2.94M | ﹤0.01% |
646,784
-58,200
| -8% | -$322K |
|
3480
Vor Biopharma
VOR
$1.16B
| $2.94M | ﹤0.01% |
224,534
+199,770
| +807% | +$3.72M |
|
3481
BioXcel Therapeutics
BTAI
$26.2M
| $2.94M | ﹤0.01% |
1,835,192
+807,139
| +79% | +$1.66M |
|
3482
FuboTV Inc
FUBO
$283M
| $2.93M | ﹤0.01% |
97,002
+87,954
| +972% | +$3.51M |
|
3483
AC Immune
ACIU
$226M
| $2.93M | ﹤0.01% |
933,342
+38,810
| +4% | +$122K |
|
3484
PUT
KeyCorp
KEY
$24.5B
| $2.93M | ﹤0.01% |
141,800
-256,600
| -64% | -$4.78M |
|
3485
CALL
Gartner
IT
$10.1B
| $2.93M | ﹤0.01% |
11,600
-3,400
| -23% | -$818K |
|
3486
PUT
Oneok
OKE
$55.6B
| $2.93M | ﹤0.01% |
39,800
-21,100
| -35% | -$1.49M |
|
3487
O-I Glass
OI
$1.14B
| $2.92M | ﹤0.01% |
198,119
-711,509
| -78% | -$9.41M |
|
3488
Selective Insurance
SIGI
$5.69B
| $2.92M | ﹤0.01% |
34,942
-5,771
| -14% | -$463K |
|
3489
PUT
KE Holdings
BEKE
$19.1B
| $2.92M | ﹤0.01% |
185,400
-36,100
| -16% | -$620K |
|
|
CMA
3490
PUT
DELISTED
Comerica
CMA
| $2.92M | ﹤0.01% |
33,600
| – | – |
|
3491
CALL
Snap
SNAP
$8.48B
| $2.92M | ﹤0.01% |
361,400
-500,200
| -58% | -$3.96M |
|
3492
Euroseas
ESEA
$553M
| $2.91M | ﹤0.01% |
53,386
+33,738
| +172% | +$1.94M |
|
3493
PUT
Rubrik
RBRK
$15.4B
| $2.91M | ﹤0.01% |
38,100
+11,900
| +45% | +$913K |
|
3494
Genmab
GMAB
$17.6B
| $2.91M | ﹤0.01% |
94,573
+3,660
| +4% | +$114K |
|
3495
Murphy Oil
MUR
$5.55B
| $2.91M | ﹤0.01% |
93,187
-293,933
| -76% | -$8.84M |
|
3496
PUT
Antero Resources
AR
$11.2B
| $2.91M | ﹤0.01% |
84,500
+61,800
| +272% | +$2.09M |
|
3497
MannKind Corp
MNKD
$1.17B
| $2.91M | ﹤0.01% |
512,740
-73,799
| -13% | -$406K |
|
3498
CALL
CG Oncology
CGON
$6.1B
| $2.91M | ﹤0.01% |
+70,000
| New | +$2.9M |
|
3499
Greenlight Captial
GLRE
$552M
| $2.91M | ﹤0.01% |
199,314
+168,486
| +547% | +$2.21M |
|
3500
Ternium
TX
$9.76B
| $2.9M | ﹤0.01% |
76,026
+60,397
| +386% | +$2.22M |
|
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.