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 | |
|---|---|---|---|---|---|---|
|
OACC
3501
Oaktree Acquisition Corp III Life Sciences
OACC
$264M
| $2.9M | ﹤0.01% |
273,914
| – | – |
|
3502
PUT
iShares US Home Construction ETF
ITB
$2.25B
| $2.89M | ﹤0.01% |
+30,000
| New | +$3.03M |
|
3503
CALL
DigitalOcean
DOCN
$14.9B
| $2.89M | ﹤0.01% |
60,000
-98,300
| -62% | -$4.33M |
|
3504
CALL
Norfolk Southern
NSC
$75.6B
| $2.89M | ﹤0.01% |
10,000
+600
| +6% | +$174K |
|
3505
Banco de Chile
BCH
$21B
| $2.88M | ﹤0.01% |
75,883
+27,232
| +56% | +$966K |
|
3506
iShares Russell 1000 Growth ETF
IWF
$124B
| $2.88M | ﹤0.01% |
24,352
+4,756
| +24% | +$563K |
|
3507
Esquire Financial Holdings
ESQ
$1.12B
| $2.88M | ﹤0.01% |
28,182
+14,156
| +101% | +$1.43M |
|
|
TVA
3508
Texas Ventures Acquisition III Corp
TVA
$315M
| $2.88M | ﹤0.01% |
270,000
+66,502
| +33% | +$722K |
|
3509
Mayville Engineering Co
MEC
$677M
| $2.87M | ﹤0.01% |
+153,200
| New | +$2.5M |
|
3510
PUT
Nasdaq
NDAQ
$52.6B
| $2.87M | ﹤0.01% |
29,500
+25,700
| +676% | +$2.31M |
|
3511
United Parks & Resorts
PRKS
$2.15B
| $2.86M | ﹤0.01% |
+78,905
| New | +$3.28M |
|
3512
Under Armour Class C
UA
$2.83B
| $2.86M | ﹤0.01% |
596,321
-1,750,608
| -75% | -$7.79M |
|
3513
Diamondrock Hospitality Co
DRH
$2.74B
| $2.86M | ﹤0.01% |
319,132
-1,187,850
| -79% | -$10.1M |
|
3514
Halliburton
HAL
$26.6B
| $2.85M | ﹤0.01% |
101,003
-643,019
| -86% | -$17M |
|
3515
Mineralys Therapeutics
MLYS
$2.27B
| $2.85M | ﹤0.01% |
78,625
-325,964
| -81% | -$13.1M |
|
3516
Capital City Bank Group
CCBG
$898M
| $2.85M | ﹤0.01% |
66,856
+22,315
| +50% | +$930K |
|
3517
Smith & Wesson
SWBI
$660M
| $2.85M | ﹤0.01% |
288,304
-480,569
| -63% | -$4.64M |
|
3518
Third Coast Bancshares
TCBX
$732M
| $2.84M | ﹤0.01% |
74,778
+9,826
| +15% | +$376K |
|
3519
Gold Royalty Corp
GROY
$600M
| $2.83M | ﹤0.01% |
701,495
-1,429,116
| -67% | -$5.47M |
|
3520
PUT
Best Buy
BBY
$18B
| $2.82M | ﹤0.01% |
42,100
-500
| -1% | -$38.1K |
|
3521
Nice
NICE
$5.9B
| $2.82M | ﹤0.01% |
24,904
+2,738
| +12% | +$331K |
|
3522
PUT
Shell
SHEL
$252B
| $2.81M | ﹤0.01% |
38,300
+12,300
| +47% | +$906K |
|
3523
Solid Power
SLDP
$479M
| $2.81M | ﹤0.01% |
662,072
+241,902
| +58% | +$1.34M |
|
|
MCGA
3524
Yorkville Acquisition Corp
MCGA
$241M
| $2.81M | ﹤0.01% |
277,462
+178,459
| +180% | +$1.84M |
|
|
GLIBK
3525
Liberty Capital Corp Series C GCI Group Common Stock
GLIBK
$945M
| $2.81M | ﹤0.01% |
75,522
-59,376
| -44% | -$2.08M |
|
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.