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 | |
|---|---|---|---|---|---|---|
3526
Yeti Holdings
YETI
$3.85B
| $2.81M | ﹤0.01% |
63,555
+6,139
| +11% | +$236K |
|
3527
PUT
JetBlue
JBLU
$2.35B
| $2.81M | ﹤0.01% |
616,700
-503,600
| -45% | -$2.3M |
|
3528
CALL
WIX.com
WIX
$2.38B
| $2.81M | ﹤0.01% |
27,000
+14,600
| +118% | +$1.77M |
|
3529
PUT
Goodyear
GT
$2.02B
| $2.8M | ﹤0.01% |
320,000
-170,000
| -35% | -$1.34M |
|
3530
BigBear.ai
BBAI
$1.37B
| $2.8M | ﹤0.01% |
518,277
-1,352,583
| -72% | -$8.84M |
|
3531
BridgeBio Pharma
BBIO
$15.7B
| $2.8M | ﹤0.01% |
36,585
-133,852
| -79% | -$8.79M |
|
3532
iHeartMedia
IHRT
$602M
| $2.79M | ﹤0.01% |
671,293
-96,814
| -13% | -$362K |
|
3533
CALL
Revolution Medicines
RVMD
$38.8B
| $2.79M | ﹤0.01% |
35,000
-46,000
| -57% | -$3.02M |
|
3534
Ramaco Resources Class A
METC
$581M
| $2.78M | ﹤0.01% |
154,718
-551,865
| -78% | -$14.5M |
|
|
OPRA
3535
Opera Ltd
OPRA
$1.75B
| $2.78M | ﹤0.01% |
+196,434
| New | +$2.9M |
|
3536
Cognyte Software
CGNT
$676M
| $2.78M | ﹤0.01% |
295,818
+82,119
| +38% | +$710K |
|
3537
CALL
Wynn Resorts
WYNN
$10.2B
| $2.78M | ﹤0.01% |
23,100
-60,500
| -72% | -$7.48M |
|
3538
Tencent Music
TME
$15.6B
| $2.78M | ﹤0.01% |
158,535
-660,837
| -81% | -$13.4M |
|
3539
CALL
Shell
SHEL
$252B
| $2.78M | ﹤0.01% |
37,800
+11,900
| +46% | +$877K |
|
3540
CALL
Uranium Energy
UEC
$4.93B
| $2.78M | ﹤0.01% |
237,600
-621,500
| -72% | -$8.16M |
|
3541
PUT
Bath & Body Works
BBWI
$4.23B
| $2.77M | ﹤0.01% |
138,100
+106,400
| +336% | +$2.35M |
|
|
BORR
3542
Borr Drilling
BORR
$1.21B
| $2.77M | ﹤0.01% |
687,245
-1,178,939
| -63% | -$3.91M |
|
|
GENVR
3543
Gen Digital Inc Contingent Value Rights
GENVR
| $2.77M | ﹤0.01% |
627,445
+131,626
| +27% | +$673K |
|
3544
Kulicke & Soffa
KLIC
$4.72B
| $2.77M | ﹤0.01% |
60,733
-158,682
| -72% | -$6.7M |
|
3545
CALL
Rockwell Automation
ROK
$53.5B
| $2.76M | ﹤0.01% |
7,100
+1,200
| +20% | +$451K |
|
|
NBIS
3546
CALL
Nebius Group N.V.
NBIS
$54B
| $2.76M | ﹤0.01% |
33,000
-117,000
| -78% | -$12.1M |
|
3547
PUT
ZIM Integrated Shipping Services
ZIM
$3.14B
| $2.76M | ﹤0.01% |
130,100
-8,800
| -6% | -$148K |
|
3548
Telos
TLS
$349M
| $2.76M | ﹤0.01% |
541,570
-1,548,441
| -74% | -$9.66M |
|
3549
PUT
HSBC
HSBC
$370B
| $2.76M | ﹤0.01% |
35,100
+28,700
| +448% | +$2.05M |
|
3550
Pilgrim's Pride
PPC
$6.65B
| $2.76M | ﹤0.01% |
70,742
-247,356
| -78% | -$9.51M |
|
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.