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 | |
|---|---|---|---|---|---|---|
|
WENN
3751
Wen Acquisition Corp
WENN
$388M
| $2.2M | ﹤0.01% |
217,460
+162,460
| +295% | +$1.65M |
|
3752
Adecoagro
AGRO
$1.44B
| $2.19M | ﹤0.01% |
276,376
+195,308
| +241% | +$1.53M |
|
3753
East-West Bancorp
EWBC
$17.9B
| $2.19M | ﹤0.01% |
19,498
-356,167
| -95% | -$37.8M |
|
3754
PUT
Motorola Solutions
MSI
$72.3B
| $2.18M | ﹤0.01% |
5,700
-1,800
| -24% | -$723K |
|
3755
Ovid Therapeutics
OVID
$414M
| $2.18M | ﹤0.01% |
1,339,465
+353,172
| +36% | +$544K |
|
|
QXO
3756
QXO Inc
QXO
$13.8B
| $2.18M | ﹤0.01% |
112,991
-575,030
| -84% | -$11M |
|
3757
CALL
Warby Parker
WRBY
$3.28B
| $2.18M | ﹤0.01% |
+100,000
| New | +$2.18M |
|
|
GIW
3758
GigCapital8
GIW
$369M
| $2.18M | ﹤0.01% |
+220,000
| New | +$2.18M |
|
3759
Satellogic
SATL
$531M
| $2.17M | ﹤0.01% |
+1,161,330
| New | +$2.51M |
|
3760
CALL
Sherwin-Williams
SHW
$82.7B
| $2.17M | ﹤0.01% |
6,700
+3,800
| +131% | +$1.27M |
|
3761
PUT
Zions Bancorporation
ZION
$10.2B
| $2.16M | ﹤0.01% |
36,900
+3,100
| +9% | +$169K |
|
|
FYBR
3762
PUT
DELISTED
Frontier Communications
FYBR
| $2.15M | ﹤0.01% |
56,600
-24,200
| -30% | -$915K |
|
3763
PUT
Entergy
ETR
$50.2B
| $2.15M | ﹤0.01% |
23,300
+20,500
| +732% | +$1.94M |
|
3764
PUT
Aptiv
APTV
$12B
| $2.15M | ﹤0.01% |
28,300
-2,500
| -8% | -$201K |
|
3765
Andersons Inc
ANDE
$2.41B
| $2.15M | ﹤0.01% |
40,444
-264,288
| -87% | -$12.9M |
|
|
LUCK
3766
Lucky Strike Entertainment
LUCK
$914M
| $2.15M | ﹤0.01% |
253,689
-158,529
| -38% | -$1.37M |
|
3767
CALL
OneMain Financial
OMF
$7.2B
| $2.15M | ﹤0.01% |
31,800
+19,100
| +150% | +$1.16M |
|
3768
PUT
Emcor
EME
$35.2B
| $2.14M | ﹤0.01% |
3,500
+2,800
| +400% | +$1.81M |
|
3769
GSK
GSK
$104B
| $2.14M | ﹤0.01% |
43,605
-21,385
| -33% | -$997K |
|
3770
CALL
Skyworks Solutions
SWKS
$9.37B
| $2.14M | ﹤0.01% |
33,700
-1,000
| -3% | -$69.9K |
|
3771
CALL
Match Group
MTCH
$9.19B
| $2.13M | ﹤0.01% |
66,000
-11,800
| -15% | -$388K |
|
3772
CALL
FirstEnergy
FE
$28B
| $2.13M | ﹤0.01% |
47,600
-13,000
| -21% | -$597K |
|
3773
Douglas Dynamics
PLOW
$1.02B
| $2.13M | ﹤0.01% |
65,266
+47,980
| +278% | +$1.52M |
|
3774
G-III Apparel Group
GIII
$1.54B
| $2.13M | ﹤0.01% |
73,512
-136,201
| -65% | -$3.89M |
|
|
DOCU
3775
PUT
DocuSign
DOCU
$10.5B
| $2.13M | ﹤0.01% |
31,100
-370,600
| -92% | -$25.6M |
|
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.