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 | |
|---|---|---|---|---|---|---|
4051
Diodes
DIOD
$3.78B
| $1.55M | ﹤0.01% |
31,361
+25,885
| +473% | +$1.31M |
|
4052
CALL
Digital Realty Trust
DLR
$69.7B
| $1.55M | ﹤0.01% |
10,000
-19,800
| -66% | -$3.25M |
|
4053
CALL
Futu Holdings
FUTU
$14.7B
| $1.54M | ﹤0.01% |
9,400
+4,500
| +92% | +$772K |
|
4054
Li Auto
LI
$13.4B
| $1.54M | ﹤0.01% |
91,135
+2,651
| +3% | +$52.5K |
|
4055
CALL
Rocket Lab Corp
RKLB
$40.6B
| $1.54M | ﹤0.01% |
+22,100
| New | +$1.27M |
|
4056
Virgin Galactic
SPCE
$328M
| $1.54M | ﹤0.01% |
479,789
+260,594
| +119% | +$982K |
|
4057
PUT
DigitalBridge
DBRG
$2.93B
| $1.53M | ﹤0.01% |
100,000
| – | – |
|
4058
CALL
Cedar Fair
FUN
$1.77B
| $1.53M | ﹤0.01% |
100,000
| – | – |
|
4059
PUT
Royal Gold
RGLD
$16.8B
| $1.53M | ﹤0.01% |
6,900
+3,700
| +116% | +$734K |
|
4060
Titan Machinery
TITN
$396M
| $1.53M | ﹤0.01% |
101,888
-140,917
| -58% | -$2.27M |
|
4061
Myers Industries
MYE
$1.29B
| $1.53M | ﹤0.01% |
81,806
-113,037
| -58% | -$2.01M |
|
4062
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.42B
| $1.53M | ﹤0.01% |
+23,755
| New | +$1.5M |
|
4063
First Bancorp
FBNC
$2.6B
| $1.53M | ﹤0.01% |
+30,114
| New | +$1.53M |
|
4064
Alkermes
ALKS
$8.22B
| $1.53M | ﹤0.01% |
54,642
-92,818
| -63% | -$2.78M |
|
4065
PUT
Fastly Inc
FSLY
$3.55B
| $1.53M | ﹤0.01% |
150,000
| – | – |
|
4066
PUT
Takeda Pharmaceutical
TAK
$54.6B
| $1.52M | ﹤0.01% |
97,800
| – | – |
|
4067
Deluxe
DLX
$1.18B
| $1.52M | ﹤0.01% |
68,187
+48,168
| +241% | +$970K |
|
|
SVAC
4068
DELISTED
Spring Valley Acquisition Corp III
SVAC
| $1.52M | ﹤0.01% |
+150,000
| New | +$1.55M |
|
4069
Planet Fitness
PLNT
$4.42B
| $1.52M | ﹤0.01% |
+14,015
| New | +$1.44M |
|
4070
US Physical Therapy
USPH
$1.2B
| $1.52M | ﹤0.01% |
19,467
+16,602
| +579% | +$1.35M |
|
4071
Protagonist Therapeutics
PTGX
$8.79B
| $1.52M | ﹤0.01% |
17,391
-110,169
| -86% | -$9.02M |
|
4072
Transcat
TRNS
$799M
| $1.52M | ﹤0.01% |
26,768
-2,423
| -8% | -$151K |
|
4073
Donegal Group Class A
DGICA
$731M
| $1.51M | ﹤0.01% |
75,719
-59,319
| -44% | -$1.16M |
|
4074
Vishay Intertechnology
VSH
$5.25B
| $1.51M | ﹤0.01% |
104,184
-346,801
| -77% | -$5.26M |
|
|
LATAU
4075
Galata Acquisition Corp. II Units
LATAU
| $1.51M | ﹤0.01% |
150,000
-225,000
| -60% | -$2.26M |
|
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.