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 | |
|---|---|---|---|---|---|---|
|
KOYN
3851
CSLM Digital Asset Acquisition Corp III
KOYN
| $1.99M | ﹤0.01% |
+200,000
| New | +$1.99M |
|
3852
Nautilus Biotechnolgy
NAUT
$124M
| $1.99M | ﹤0.01% |
1,019,996
+52,448
| +5% | +$86K |
|
3853
PUT
Macy's
M
$6.53B
| $1.99M | ﹤0.01% |
90,200
-18,300
| -17% | -$375K |
|
3854
Innoviz Technologies
INVZ
$95M
| $1.99M | ﹤0.01% |
2,329,227
-2,459,461
| -51% | -$3.89M |
|
3855
CALL
Rigetti Computing
RGTI
$4.97B
| $1.98M | ﹤0.01% |
89,500
+73,500
| +459% | +$2.4M |
|
3856
Beazer Homes USA
BZH
$877M
| $1.98M | ﹤0.01% |
97,781
-278,402
| -74% | -$6.19M |
|
3857
PUT
Alcon
ALC
$33.6B
| $1.98M | ﹤0.01% |
28,000
-232,900
| -89% | -$17.9M |
|
3858
Mistras Group
MG
$484M
| $1.98M | ﹤0.01% |
156,277
-201,236
| -56% | -$2.27M |
|
3859
Ibotta
IBTA
$559M
| $1.98M | ﹤0.01% |
+86,921
| New | +$2.35M |
|
|
HTFL
3860
Heartflow Inc
HTFL
$2.18B
| $1.98M | ﹤0.01% |
67,769
-48,226
| -42% | -$1.55M |
|
3861
Kingstone Companies
KINS
$289M
| $1.97M | ﹤0.01% |
117,111
-58,446
| -33% | -$889K |
|
3862
Corporacion America
CAAP
$4.21B
| $1.97M | ﹤0.01% |
75,743
-109,339
| -59% | -$2.45M |
|
3863
Jasper Therapeutics
JSPR
$21M
| $1.97M | ﹤0.01% |
1,073,783
+708,844
| +194% | +$1.42M |
|
3864
POSCO
PKX
$16.1B
| $1.96M | ﹤0.01% |
36,914
+1,677
| +5% | +$88.4K |
|
3865
Atlanticus Holdings
ATLC
$1.59B
| $1.96M | ﹤0.01% |
29,240
+12,574
| +75% | +$740K |
|
3866
Hancock Whitney
HWC
$6.2B
| $1.95M | ﹤0.01% |
30,670
-232,620
| -88% | -$14.1M |
|
|
REFI
3867
Chicago Atlantic Real Estate Finance
REFI
$248M
| $1.95M | ﹤0.01% |
159,287
-25,410
| -14% | -$325K |
|
3868
CALL
Capri Holdings
CPRI
$1.83B
| $1.95M | ﹤0.01% |
+80,000
| New | +$1.85M |
|
|
ARDT
3869
CALL
Ardent Health
ARDT
$1.53B
| $1.95M | ﹤0.01% |
+221,000
| New | +$2.56M |
|
3870
CALL
Amkor Technology
AMKR
$12.4B
| $1.95M | ﹤0.01% |
+49,300
| New | +$1.75M |
|
3871
PUT
Sanofi
SNY
$103B
| $1.94M | ﹤0.01% |
40,100
-117,000
| -74% | -$5.8M |
|
|
QIPT
3872
DELISTED
Quipt Home Medical
QIPT
| $1.94M | ﹤0.01% |
550,344
-12,188
| -2% | -$32.3K |
|
3873
PUT
Lightspeed Commerce
LSPD
$1.31B
| $1.93M | ﹤0.01% |
160,000
| – | – |
|
3874
CALL
Lincoln National
LNC
$8.73B
| $1.93M | ﹤0.01% |
43,400
-169,300
| -80% | -$7.05M |
|
3875
Bel Fuse Inc Class A
BELFA
$3.17B
| $1.93M | ﹤0.01% |
12,729
+9,656
| +314% | +$1.3M |
|
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.