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 | |
|---|---|---|---|---|---|---|
3776
CALL
Regions Financial
RF
$26.7B
| $2.12M | ﹤0.01% |
78,300
-19,300
| -20% | -$493K |
|
3777
CALL
XPeng
XPEV
$11.8B
| $2.12M | ﹤0.01% |
104,600
+95,200
| +1,013% | +$2.07M |
|
3778
VanEck Vietnam ETF
VNM
$506M
| $2.12M | ﹤0.01% |
111,123
+88,903
| +400% | +$1.61M |
|
3779
SI-BONE Inc
SIBN
$822M
| $2.12M | ﹤0.01% |
107,427
-99,184
| -48% | -$1.72M |
|
3780
CALL
Celanese
CE
$4.87B
| $2.12M | ﹤0.01% |
50,100
-76,800
| -61% | -$3.13M |
|
3781
PUT
Illinois Tool Works
ITW
$82.4B
| $2.12M | ﹤0.01% |
8,600
-10,200
| -54% | -$2.54M |
|
3782
Sight Sciences
SGHT
$301M
| $2.12M | ﹤0.01% |
266,919
+133,073
| +99% | +$850K |
|
|
SBXD
3783
SilverBox Corp IV
SBXD
$276M
| $2.12M | ﹤0.01% |
200,000
| – | – |
|
3784
Oceaneering
OII
$4.87B
| $2.12M | ﹤0.01% |
88,022
-126,706
| -59% | -$3.06M |
|
|
VNET
3785
CALL
VNET Group
VNET
$2.03B
| $2.12M | ﹤0.01% |
250,000
-525,000
| -68% | -$4.86M |
|
3786
CALL
VeriSign
VRSN
$27.1B
| $2.11M | ﹤0.01% |
8,700
+5,000
| +135% | +$1.26M |
|
3787
Comstock Resources
CRK
$3.97B
| $2.11M | ﹤0.01% |
91,162
-242,377
| -73% | -$5.34M |
|
3788
PUT
Boston Properties
BXP
$11.3B
| $2.11M | ﹤0.01% |
31,300
+14,200
| +83% | +$1.01M |
|
3789
CALL
Semtech
SMTC
$11B
| $2.11M | ﹤0.01% |
28,600
-50,600
| -64% | -$3.59M |
|
3790
Atkore
ATKR
$3.16B
| $2.1M | ﹤0.01% |
33,230
-20,189
| -38% | -$1.32M |
|
|
GOLD
3791
Gold.com Inc
GOLD
$1.2B
| $2.1M | ﹤0.01% |
61,658
-121,199
| -66% | -$3.46M |
|
|
LPBB
3792
Launch Two Acquisition Corp
LPBB
$309M
| $2.1M | ﹤0.01% |
200,000
| – | – |
|
|
SCIIU
3793
SC II Acquisition Corp Units
SCIIU
| $2.09M | ﹤0.01% |
+208,000
| New | +$2.09M |
|
3794
Rekor Systems
REKR
$89.4M
| $2.09M | ﹤0.01% |
1,517,369
-69,915
| -4% | -$143K |
|
|
FERAU
3795
Fifth Era Acquisition Corp I Units
FERAU
$220M
| $2.09M | ﹤0.01% |
200,000
| – | – |
|
3796
ATS Corp
ATS
$2.69B
| $2.09M | ﹤0.01% |
75,879
+32,058
| +73% | +$856K |
|
3797
OraSure Technologies
OSUR
$287M
| $2.09M | ﹤0.01% |
862,397
-1,250,110
| -59% | -$3.29M |
|
3798
Palladyne AI
PDYN
$264M
| $2.09M | ﹤0.01% |
489,569
-76,124
| -13% | -$512K |
|
3799
CALL
Vulcan Materials
VMC
$36.2B
| $2.08M | ﹤0.01% |
+7,300
| New | +$2.14M |
|
3800
CALL
DigitalBridge
DBRG
$2.93B
| $2.08M | ﹤0.01% |
135,700
+35,500
| +35% | +$427K |
|
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.