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 | |
|---|---|---|---|---|---|---|
4026
PUT
Fabrinet
FN
$15.6B
| $1.59M | ﹤0.01% |
3,500
-12,700
| -78% | -$5.52M |
|
|
CARL
4027
Carlsmed
CARL
$342M
| $1.59M | ﹤0.01% |
128,970
+108,208
| +521% | +$1.44M |
|
4028
Legacy Housing
LEGH
$625M
| $1.59M | ﹤0.01% |
81,468
+19,793
| +32% | +$424K |
|
4029
CALL
XPO
XPO
$23.5B
| $1.59M | ﹤0.01% |
11,700
-98,300
| -89% | -$13.4M |
|
4030
PUT
Sempra
SRE
$57.9B
| $1.59M | ﹤0.01% |
18,000
-34,700
| -66% | -$3.16M |
|
4031
Champion Homes
SKY
$4.37B
| $1.59M | ﹤0.01% |
18,780
-11,301
| -38% | -$891K |
|
4032
PUT
iShares MSCI China ETF
MCHI
$6.32B
| $1.59M | ﹤0.01% |
26,400
-5,400
| -17% | -$340K |
|
|
MBVI
4033
M3-Brigade Acquisition VI Corp
MBVI
| $1.58M | ﹤0.01% |
+158,250
| New | +$1.59M |
|
|
KYIVW
4034
CALL
Kyivstar Group Warrant
KYIVW
$39.2M
| $1.58M | ﹤0.01% |
446,666
+47,584
| +12% | +$182K |
|
4035
Universal Insurance Holdings
UVE
$1.22B
| $1.58M | ﹤0.01% |
46,747
-549,623
| -92% | -$17.5M |
|
|
PMTRU
4036
Perimeter Acquisition Corp I Unit
PMTRU
| $1.58M | ﹤0.01% |
148,857
-500
| -0.3% | -$5.41K |
|
4037
Barnes & Noble Education
BNED
$431M
| $1.58M | ﹤0.01% |
171,693
-78,337
| -31% | -$691K |
|
4038
Sonoco
SON
$5.57B
| $1.58M | ﹤0.01% |
36,112
-76,663
| -68% | -$3.17M |
|
|
TDAC
4039
Translational Development Acquisition Corp
TDAC
$209M
| $1.57M | ﹤0.01% |
150,000
| – | – |
|
4040
Safe Bulkers
SB
$795M
| $1.57M | ﹤0.01% |
+326,035
| New | +$1.55M |
|
|
PLMK
4041
Plum Acquisition Corp IV
PLMK
$256M
| $1.57M | ﹤0.01% |
150,000
| – | – |
|
4042
Marcus Corp
MCS
$897M
| $1.57M | ﹤0.01% |
101,136
-238,780
| -70% | -$3.55M |
|
|
HIMX
4043
Himax Technologies
HIMX
$2.19B
| $1.56M | ﹤0.01% |
190,701
+164,753
| +635% | +$1.39M |
|
|
SFIX
4044
Stitch Fix
SFIX
$536M
| $1.56M | ﹤0.01% |
297,276
+150,653
| +103% | +$687K |
|
|
LX
4045
LexinFintech Holdings
LX
$241M
| $1.56M | ﹤0.01% |
476,605
-83,795
| -15% | -$344K |
|
4046
PUT
Urban Outfitters
URBN
$6.35B
| $1.56M | ﹤0.01% |
20,700
-9,000
| -30% | -$637K |
|
4047
PUT
Northern Trust
NTRS
$33.3B
| $1.56M | ﹤0.01% |
11,400
-2,200
| -16% | -$289K |
|
4048
Banco Bilbao Vizcaya Argentaria
BBVA
$154B
| $1.56M | ﹤0.01% |
66,726
-701,517
| -91% | -$14.7M |
|
4049
CALL
Sanofi
SNY
$103B
| $1.55M | ﹤0.01% |
32,000
-642,600
| -95% | -$31.9M |
|
4050
AMC Entertainment Holdings
AMC
$2.52B
| $1.55M | ﹤0.01% |
+992,130
| New | +$2.37M |
|
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.