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 | |
|---|---|---|---|---|---|---|
3726
Advance Auto Parts
AAP
$3.33B
| $2.26M | ﹤0.01% |
57,469
-701,975
| -92% | -$35.2M |
|
3727
CALL
Scorpio Tankers
STNG
$3.85B
| $2.26M | ﹤0.01% |
44,400
+27,500
| +163% | +$1.57M |
|
3728
PUT
Synchrony
SYF
$25.3B
| $2.25M | ﹤0.01% |
27,000
-6,300
| -19% | -$482K |
|
3729
CALL
Global Payments
GPN
$23.3B
| $2.25M | ﹤0.01% |
29,100
-14,800
| -34% | -$1.19M |
|
3730
CALL
Crocs
CROX
$6.42B
| $2.25M | ﹤0.01% |
26,300
-107,000
| -80% | -$8.95M |
|
3731
American Superconductor
AMSC
$1.48B
| $2.25M | ﹤0.01% |
78,088
-44,414
| -36% | -$1.92M |
|
3732
PUT
Cummins
CMI
$89.4B
| $2.25M | ﹤0.01% |
4,400
+2,100
| +91% | +$982K |
|
|
EFC
3733
Ellington Financial
EFC
$1.67B
| $2.25M | ﹤0.01% |
165,317
-215,368
| -57% | -$2.93M |
|
3734
PUT
Skyworks Solutions
SWKS
$9.12B
| $2.24M | ﹤0.01% |
35,400
+23,300
| +193% | +$1.63M |
|
3735
Highwoods Properties
HIW
$3.69B
| $2.24M | ﹤0.01% |
86,845
+13,537
| +18% | +$382K |
|
|
LATA
3736
Galata Acquisition Corp II
LATA
$233M
| $2.24M | ﹤0.01% |
+225,000
| New | +$2.24M |
|
3737
PUT
Zoetis
ZTS
$32.6B
| $2.24M | ﹤0.01% |
17,800
-6,700
| -27% | -$874K |
|
3738
BK Technologies
BKTI
$297M
| $2.24M | ﹤0.01% |
30,004
+15,285
| +104% | +$1.1M |
|
3739
Fulton Financial
FULT
$4.71B
| $2.24M | ﹤0.01% |
115,727
-906,265
| -89% | -$16.7M |
|
3740
CALL
Supernus Pharmaceuticals
SUPN
$2.78B
| $2.24M | ﹤0.01% |
45,000
-161,900
| -78% | -$7.87M |
|
3741
Hingham Institution for Saving
HIFS
$642M
| $2.23M | ﹤0.01% |
7,870
-4,775
| -38% | -$1.36M |
|
3742
CALL
Raymond James Financial
RJF
$34B
| $2.23M | ﹤0.01% |
13,900
-10,900
| -44% | -$1.76M |
|
3743
Apollo Global Management
APO
$73.9B
| $2.23M | ﹤0.01% |
15,397
-63,217
| -80% | -$8.4M |
|
|
RDAG
3744
Republic Digital Acquisition Co
RDAG
$388M
| $2.23M | ﹤0.01% |
220,000
| – | – |
|
3745
WaFd
WAFD
$2.74B
| $2.23M | ﹤0.01% |
69,475
-77,103
| -53% | -$2.38M |
|
3746
Scholar Rock
SRRK
$5.6B
| $2.22M | ﹤0.01% |
+50,418
| New | +$1.89M |
|
|
UHT
3747
Universal Health Realty Income Trust
UHT
$592M
| $2.22M | ﹤0.01% |
56,602
+8,060
| +17% | +$314K |
|
|
FITB
3748
PUT
Fifth Third Bancorp
FITB
$51.4B
| $2.21M | ﹤0.01% |
47,300
+200
| +0.4% | +$8.8K |
|
3749
Herbalife
HLF
$1.3B
| $2.21M | ﹤0.01% |
171,727
-390,383
| -69% | -$4.13M |
|
3750
CALL
Emcor
EME
$35.9B
| $2.2M | ﹤0.01% |
3,600
+1,900
| +112% | +$1.23M |
|
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.