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 | |
|---|---|---|---|---|---|---|
3926
N-able
NABL
$882M
| $1.81M | ﹤0.01% |
241,394
-545,487
| -69% | -$4.16M |
|
3927
Lyell Immunopharma
LYEL
$317M
| $1.81M | ﹤0.01% |
58,651
-66,710
| -53% | -$1.49M |
|
3928
CorMedix
CRMD
$591M
| $1.8M | ﹤0.01% |
155,050
-240,404
| -61% | -$2.66M |
|
|
BIXIU
3929
Bitcoin Infrastructure Acquisition Corp Unit
BIXIU
| $1.8M | ﹤0.01% |
+181,000
| New | +$1.81M |
|
3930
CALL
Edison International
EIX
$28.2B
| $1.8M | ﹤0.01% |
30,000
+7,900
| +36% | +$453K |
|
3931
AAR Corp
AIR
$5.59B
| $1.8M | ﹤0.01% |
21,730
-8,848
| -29% | -$732K |
|
3932
CALL
Ferrari
RACE
$69.2B
| $1.79M | ﹤0.01% |
5,100
-7,300
| -59% | -$2.92M |
|
3933
Insperity
NSP
$1.93B
| $1.79M | ﹤0.01% |
46,293
-493,467
| -91% | -$19.7M |
|
3934
Richtech Robotics
RR
$318M
| $1.79M | ﹤0.01% |
+554,441
| New | +$2.45M |
|
3935
Northeast Community Bancorp
NECB
$368M
| $1.79M | ﹤0.01% |
79,010
-73,497
| -48% | -$1.55M |
|
3936
CALL
Teva Pharmaceuticals
TEVA
$40.8B
| $1.79M | ﹤0.01% |
57,200
-360,800
| -86% | -$8.89M |
|
|
ZBIO
3937
Zenas BioPharma
ZBIO
$1.98B
| $1.78M | ﹤0.01% |
49,160
-22,690
| -32% | -$746K |
|
3938
PUT
Fortis
FTS
$29B
| $1.78M | ﹤0.01% |
25,000
| – | – |
|
|
ORKA
3939
Oruka Therapeutics
ORKA
$5.82B
| $1.78M | ﹤0.01% |
+58,723
| New | +$1.64M |
|
3940
White Mountains Insurance
WTM
$5.2B
| $1.78M | ﹤0.01% |
856
-78
| -8% | -$153K |
|
|
ONT
3941
Onterris Inc
ONT
$759M
| $1.78M | ﹤0.01% |
71,586
-172,277
| -71% | -$4.55M |
|
3942
CALL
Bio-Techne
TECH
$11.2B
| $1.78M | ﹤0.01% |
30,200
-28,600
| -49% | -$1.74M |
|
3943
Mitsubishi UFJ Financial
MUFG
$253B
| $1.78M | ﹤0.01% |
111,923
-34,475
| -24% | -$533K |
|
|
AMTM
3944
Amentum Holdings
AMTM
$5.42B
| $1.77M | ﹤0.01% |
61,187
-579,612
| -90% | -$14.8M |
|
|
AMBQ
3945
Ambiq Micro
AMBQ
$1.54B
| $1.77M | ﹤0.01% |
+62,018
| New | +$1.78M |
|
3946
Shift4
FOUR
$4.2B
| $1.77M | ﹤0.01% |
28,065
-357,548
| -93% | -$25.3M |
|
3947
Digimarc Corp
DMRC
$147M
| $1.76M | ﹤0.01% |
268,986
+148,435
| +123% | +$1.26M |
|
|
EVOXU
3948
Evolution Global Acquisition Corp Units
EVOXU
$179M
| $1.76M | ﹤0.01% |
+175,000
| New | +$1.77M |
|
3949
PUT
Liquidia Corp
LQDA
$7.48B
| $1.76M | ﹤0.01% |
50,900
-36,600
| -42% | -$1.04M |
|
3950
GrowGeneration
GRWG
$86.5M
| $1.75M | ﹤0.01% |
1,169,137
-64,085
| -5% | -$105K |
|
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.