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 | |
|---|---|---|---|---|---|---|
|
HCACU
3551
Hall Chadwick Acquisition Corp Unit
HCACU
| $2.76M | ﹤0.01% |
+275,000
| New | +$2.76M |
|
3552
Westrock Coffee
WEST
$792M
| $2.75M | ﹤0.01% |
676,400
+356,118
| +111% | +$1.56M |
|
3553
CALL
First Majestic Silver
AG
$7.41B
| $2.75M | ﹤0.01% |
165,100
-26,200
| -14% | -$364K |
|
3554
Clean Energy Fuels
CLNE
$427M
| $2.75M | ﹤0.01% |
1,307,977
+1,126,100
| +619% | +$2.75M |
|
3555
CALL
Wingstop
WING
$3.53B
| $2.74M | ﹤0.01% |
11,500
+2,500
| +28% | +$619K |
|
3556
CALL
Quest Diagnostics
DGX
$25.7B
| $2.74M | ﹤0.01% |
15,800
+13,800
| +690% | +$2.51M |
|
3557
CALL
Praxis Precision Medicines
PRAX
$8.58B
| $2.74M | ﹤0.01% |
9,300
+1,300
| +16% | +$242K |
|
3558
PUT
Ecolab
ECL
$78.1B
| $2.73M | ﹤0.01% |
10,400
-100
| -1% | -$26.6K |
|
3559
Valaris
VAL
$5.48B
| $2.72M | ﹤0.01% |
54,031
-1,578
| -3% | -$84.7K |
|
3560
PUT
Xerox
XRX
$387M
| $2.72M | ﹤0.01% |
1,148,900
+106,100
| +10% | +$314K |
|
3561
PUT
PVH
PVH
$4B
| $2.72M | ﹤0.01% |
40,600
+600
| +2% | +$46.9K |
|
3562
PUT
BJs Wholesale Club
BJ
$12.5B
| $2.72M | ﹤0.01% |
30,200
-3,300
| -10% | -$303K |
|
|
ETHA
3563
CALL
iShares Ethereum Trust ETF
ETHA
$5.42B
| $2.72M | ﹤0.01% |
121,200
-283,200
| -70% | -$7.41M |
|
3564
PUT
Air Products & Chemicals
APD
$65.7B
| $2.72M | ﹤0.01% |
11,000
+8,100
| +279% | +$2.05M |
|
|
CCC
3565
CCC Intelligent Solutions
CCC
$3.59B
| $2.71M | ﹤0.01% |
341,484
-2,585,884
| -88% | -$21M |
|
3566
Brown-Forman Class A
BF.A
$13.4B
| $2.71M | ﹤0.01% |
102,990
+91,344
| +784% | +$2.55M |
|
|
PACH
3567
Pioneer Acquisition I Corp
PACH
$292M
| $2.71M | ﹤0.01% |
269,500
-15,501
| -5% | -$156K |
|
3568
Seanergy Maritime Holdings
SHIP
$379M
| $2.71M | ﹤0.01% |
293,220
+234,672
| +401% | +$2.13M |
|
3569
Horizon Bancorp
HBNC
$1.04B
| $2.71M | ﹤0.01% |
159,493
+132,891
| +500% | +$2.2M |
|
3570
PUT
Cencora
COR
$60.6B
| $2.7M | ﹤0.01% |
8,000
+6,600
| +471% | +$2.25M |
|
|
BNY
3571
PUT
Bank of New York Mellon
BNY
$106B
| $2.69M | ﹤0.01% |
23,200
| – | – |
|
|
PCSC
3572
DELISTED
Perceptive Capital Solutions
PCSC
| $2.69M | ﹤0.01% |
206,530
-43,470
| -17% | -$507K |
|
3573
Simulations Plus
SLP
$369M
| $2.69M | ﹤0.01% |
147,490
-158,530
| -52% | -$2.78M |
|
3574
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.63B
| $2.69M | ﹤0.01% |
66,553
-519,844
| -89% | -$21.4M |
|
3575
Similarweb
SMWB
$628M
| $2.68M | ﹤0.01% |
357,807
-153,114
| -30% | -$1.23M |
|
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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.