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 | |
|---|---|---|---|---|---|---|
|
AMRN
3701
Amarin Corp
AMRN
$293M
| $2.32M | ﹤0.01% |
166,235
+33,844
| +26% | +$558K |
|
3702
Accel Entertainment
ACEL
$974M
| $2.32M | ﹤0.01% |
203,246
-115,137
| -36% | -$1.21M |
|
3703
Aegon
AEG
$14B
| $2.32M | ﹤0.01% |
300,725
+167,528
| +126% | +$1.28M |
|
3704
PUT
Amplitude
AMPL
$1.26B
| $2.32M | ﹤0.01% |
200,000
+99,300
| +99% | +$1.04M |
|
3705
PUT
Trip.com Group
TCOM
$29.6B
| $2.32M | ﹤0.01% |
32,200
-46,100
| -59% | -$3.3M |
|
3706
Merit Medical Systems
MMSI
$5.11B
| $2.31M | ﹤0.01% |
26,261
-63,370
| -71% | -$5.39M |
|
|
BCYC
3707
Bicycle Therapeutics
BCYC
$270M
| $2.31M | ﹤0.01% |
326,626
-728,120
| -69% | -$5.37M |
|
3708
Ceco Environmental
CECO
$3.95B
| $2.31M | ﹤0.01% |
38,577
-71,253
| -65% | -$3.81M |
|
3709
SelectQuote
SLQT
$137M
| $2.31M | ﹤0.01% |
1,637,460
+1,377,577
| +530% | +$2.3M |
|
3710
FLEX LNG
FLNG
$1.67B
| $2.31M | ﹤0.01% |
92,459
+549
| +0.6% | +$14K |
|
3711
PUT
Exelon
EXC
$46.9B
| $2.3M | ﹤0.01% |
52,800
-16,200
| -23% | -$739K |
|
3712
Cannae Holdings
CNNE
$650M
| $2.3M | ﹤0.01% |
146,193
-18,514
| -11% | -$315K |
|
3713
PUT
Grab
GRAB
$14.7B
| $2.3M | ﹤0.01% |
460,000
| – | – |
|
3714
Americold
COLD
$3.97B
| $2.29M | ﹤0.01% |
177,989
-32,194
| -15% | -$395K |
|
|
GLDG
3715
GoldMining Inc
GLDG
$185M
| $2.29M | ﹤0.01% |
1,828,678
+1,734,445
| +1,841% | +$2.42M |
|
3716
Liberty Latin America Class C
LILAK
$1.68B
| $2.28M | ﹤0.01% |
336,115
+312,659
| +1,333% | +$2.34M |
|
3717
Helios Technologies
HLIO
$2.63B
| $2.28M | ﹤0.01% |
42,568
+33,881
| +390% | +$1.83M |
|
3718
C4 Therapeutics
CCCC
$384M
| $2.27M | ﹤0.01% |
1,188,969
-745,256
| -39% | -$1.77M |
|
3719
3D Systems Corp
DDD
$456M
| $2.27M | ﹤0.01% |
1,282,926
+1,216,535
| +1,832% | +$2.96M |
|
|
ALM
3720
Almonty Industries
ALM
$3.52B
| $2.27M | ﹤0.01% |
257,714
-728,188
| -74% | -$5.35M |
|
|
EB
3721
DELISTED
Eventbrite
EB
| $2.27M | ﹤0.01% |
510,041
+177,228
| +53% | +$549K |
|
|
SAFE
3722
Safehold
SAFE
$1.16B
| $2.26M | ﹤0.01% |
165,446
-71,927
| -30% | -$1.02M |
|
3723
Nexa Resources
NEXA
$1.7B
| $2.26M | ﹤0.01% |
255,757
+182,567
| +249% | +$1.19M |
|
3724
Leggett & Platt
LEG
$1.35B
| $2.26M | ﹤0.01% |
205,680
+101,004
| +96% | +$994K |
|
3725
PUT
Omega Healthcare
OHI
$14.7B
| $2.26M | ﹤0.01% |
+51,000
| New | +$2.2M |
|
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.