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 | |
|---|---|---|---|---|---|---|
3651
Aspen Aerogels
ASPN
$394M
| $2.46M | ﹤0.01% |
870,951
-576,566
| -40% | -$2.97M |
|
3652
PUT
Sprouts Farmers Market
SFM
$8.32B
| $2.46M | ﹤0.01% |
30,900
+20,500
| +197% | +$1.84M |
|
3653
ICF International
ICFI
$1.52B
| $2.46M | ﹤0.01% |
28,846
-9,557
| -25% | -$811K |
|
3654
FTAI Infrastructure
FIP
$416M
| $2.46M | ﹤0.01% |
532,950
+162,964
| +44% | +$803K |
|
|
LONA
3655
LeonaBio Inc
LONA
$71.4M
| $2.46M | ﹤0.01% |
+324,445
| New | +$1.49M |
|
3656
Algoma Steel
ASTL
$415M
| $2.45M | ﹤0.01% |
596,960
-107,420
| -15% | -$428K |
|
3657
Pembina Pipeline
PBA
$28B
| $2.45M | ﹤0.01% |
64,397
-14,781
| -19% | -$569K |
|
|
EXE
3658
PUT
Expand Energy Corp
EXE
$21.9B
| $2.45M | ﹤0.01% |
22,200
+19,600
| +754% | +$2.17M |
|
3659
Gibraltar Industries
ROCK
$1.36B
| $2.44M | ﹤0.01% |
49,445
+37,738
| +322% | +$2.16M |
|
3660
Inovio Pharmaceuticals
INO
$58M
| $2.44M | ﹤0.01% |
1,403,379
-569,139
| -29% | -$1.25M |
|
3661
PUT
YPF
YPF
$202B
| $2.44M | ﹤0.01% |
67,500
-85,200
| -56% | -$2.83M |
|
3662
PUT
Tapestry
TPR
$31.3B
| $2.43M | ﹤0.01% |
19,000
+5,600
| +42% | +$640K |
|
3663
Petrobras
PBR
$123B
| $2.43M | ﹤0.01% |
204,714
-174,618
| -46% | -$2.13M |
|
|
FITB
3664
CALL
Fifth Third Bancorp
FITB
$51.6B
| $2.42M | ﹤0.01% |
51,800
-51,000
| -50% | -$2.24M |
|
3665
Playtika
PLTK
$1.55B
| $2.42M | ﹤0.01% |
613,122
-1,147,064
| -65% | -$4.49M |
|
3666
Lennar Class B
LEN.B
$20B
| $2.42M | ﹤0.01% |
25,439
+16,319
| +179% | +$1.85M |
|
|
DHC
3667
Diversified Healthcare Trust
DHC
$2.17B
| $2.42M | ﹤0.01% |
+498,014
| New | +$2.26M |
|
3668
Redwire
RDW
$2.29B
| $2.41M | ﹤0.01% |
317,579
+154,349
| +95% | +$1.13M |
|
3669
CALL
PagSeguro Digital
PAGS
$2.71B
| $2.41M | ﹤0.01% |
250,000
+50,000
| +25% | +$479K |
|
3670
ChargePoint
CHPT
$144M
| $2.41M | ﹤0.01% |
362,839
+72,826
| +25% | +$688K |
|
3671
Imperial Oil
IMO
$61.1B
| $2.41M | ﹤0.01% |
27,897
+18,401
| +194% | +$1.68M |
|
3672
CALL
Sysco
SYY
$40.5B
| $2.4M | ﹤0.01% |
32,600
-500
| -2% | -$38K |
|
3673
CALL
Dover
DOV
$27.6B
| $2.4M | ﹤0.01% |
12,300
+10,500
| +583% | +$1.91M |
|
3674
PUT
XPeng
XPEV
$11.9B
| $2.4M | ﹤0.01% |
118,100
-96,600
| -45% | -$2.1M |
|
3675
Texas Capital Bancshares
TCBI
$4.4B
| $2.39M | ﹤0.01% |
26,448
-477,564
| -95% | -$41.9M |
|
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.