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 | |
|---|---|---|---|---|---|---|
4076
Navios Maritime Partners
NMM
$2.3B
| $1.51M | ﹤0.01% |
+28,748
| New | +$1.43M |
|
4077
KNOT Offshore Partners
KNOP
$372M
| $1.51M | ﹤0.01% |
145,483
+52,538
| +57% | +$509K |
|
4078
PUT
American Eagle Outfitters
AEO
$2.88B
| $1.51M | ﹤0.01% |
57,100
-18,600
| -25% | -$368K |
|
|
IONQ.WS
4079
CALL
IonQ Inc Warrants
IONQ.WS
$6.07B
| $1.5M | ﹤0.01% |
45,000
| – | – |
|
4080
Kilroy Realty
KRC
$4.52B
| $1.5M | ﹤0.01% |
+40,085
| New | +$1.64M |
|
|
MKLY
4081
McKinley Acquisition Corp
MKLY
$249M
| $1.5M | ﹤0.01% |
+150,000
| New | +$1.49M |
|
4082
CALL
Motorola Solutions
MSI
$72.3B
| $1.49M | ﹤0.01% |
3,900
+2,800
| +255% | +$1.13M |
|
4083
CALL
Targa Resources
TRGP
$58B
| $1.49M | ﹤0.01% |
8,100
-2,200
| -21% | -$371K |
|
4084
Sasol
SSL
$7.5B
| $1.49M | ﹤0.01% |
228,987
+208,258
| +1,005% | +$1.32M |
|
4085
CALL
Baxter International
BAX
$13.5B
| $1.49M | ﹤0.01% |
78,000
-110,300
| -59% | -$2.21M |
|
4086
HealthStream
HSTM
$819M
| $1.49M | ﹤0.01% |
64,507
+42,124
| +188% | +$1.06M |
|
4087
Nathan's Famous
NATH
$402M
| $1.49M | ﹤0.01% |
15,888
-12,778
| -45% | -$1.29M |
|
4088
BRC Inc
BRCC
$121M
| $1.49M | ﹤0.01% |
1,338,730
-561,709
| -30% | -$728K |
|
4089
PUT
e.l.f. Beauty
ELF
$4.89B
| $1.48M | ﹤0.01% |
19,500
-92,800
| -83% | -$9.13M |
|
4090
CALL
Moody's
MCO
$82.8B
| $1.48M | ﹤0.01% |
2,900
-4,700
| -62% | -$2.29M |
|
4091
Belden
BDC
$4.85B
| $1.47M | ﹤0.01% |
12,629
+9,151
| +263% | +$1.07M |
|
4092
iShares Russell 2000 Growth ETF
IWO
$14.3B
| $1.47M | ﹤0.01% |
+4,549
| New | +$1.48M |
|
4093
Neurogene
NGNE
$656M
| $1.47M | ﹤0.01% |
71,321
-176,543
| -71% | -$4.39M |
|
4094
CAE Inc. Common Shares
CAE
$8.3B
| $1.47M | ﹤0.01% |
48,283
-306,597
| -86% | -$8.6M |
|
4095
Snap-on
SNA
$21.2B
| $1.46M | ﹤0.01% |
4,248
-37,173
| -90% | -$12.7M |
|
4096
PUT
OneMain Financial
OMF
$7.2B
| $1.46M | ﹤0.01% |
21,600
-24,400
| -53% | -$1.48M |
|
4097
VanEck Oil Services ETF
OIH
$2.06B
| $1.46M | ﹤0.01% |
5,122
-8,278
| -62% | -$2.32M |
|
4098
Novartis
NVS
$297B
| $1.46M | ﹤0.01% |
10,579
+607
| +6% | +$79.5K |
|
4099
Telecom Argentina
TEO
$6.03B
| $1.46M | ﹤0.01% |
125,593
+77,437
| +161% | +$831K |
|
4100
CALL
Replimune Group
REPL
$941M
| $1.46M | ﹤0.01% |
150,000
-150,000
| -50% | -$1.28M |
|
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.