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 | |
|---|---|---|---|---|---|---|
4101
ROBO Global Robotics & Automation Index ETF
ROBO
$1.96B
| $1.45M | ﹤0.01% |
20,914
+14,132
| +208% | +$966K |
|
4102
iShares MSCI Taiwan ETF
EWT
$9.86B
| $1.45M | ﹤0.01% |
22,803
-3,984
| -15% | -$257K |
|
4103
CALL
ARK Genomic Revolution ETF
ARKG
$1.55B
| $1.45M | ﹤0.01% |
+50,000
| New | +$1.5M |
|
4104
Neuropace
NPCE
$439M
| $1.45M | ﹤0.01% |
+93,735
| New | +$1.25M |
|
4105
Boston Properties
BXP
$11.2B
| $1.45M | ﹤0.01% |
+21,433
| New | +$1.52M |
|
|
ECHO
4106
PUT
EchoStar
ECHO
$24.4B
| $1.45M | ﹤0.01% |
13,300
-96,800
| -88% | -$7.88M |
|
4107
PUT
Wheaton Precious Metals
WPM
$49.5B
| $1.45M | ﹤0.01% |
12,300
+2,400
| +24% | +$257K |
|
|
DEC
4108
Diversified Energy Company
DEC
$930M
| $1.44M | ﹤0.01% |
99,786
+6,457
| +7% | +$90.5K |
|
4109
CALL
Perrigo
PRGO
$1.4B
| $1.44M | ﹤0.01% |
103,400
+3,400
| +3% | +$56.7K |
|
4110
First American
FAF
$7.66B
| $1.44M | ﹤0.01% |
23,397
-68,082
| -74% | -$4.27M |
|
|
OPLN
4111
Openlane
OPLN
$4.21B
| $1.44M | ﹤0.01% |
48,255
-5,706
| -11% | -$154K |
|
4112
Paramount Gold Nevada
PZG
$96.1M
| $1.43M | ﹤0.01% |
1,137,115
-168,457
| -13% | -$195K |
|
|
BULLW
4113
CALL
Webull Corp Warrants
BULLW
$87.3M
| $1.43M | ﹤0.01% |
+500,000
| New | +$1.98M |
|
4114
PUT
Samsara
IOT
$21.7B
| $1.43M | ﹤0.01% |
40,400
+16,200
| +67% | +$627K |
|
4115
Velocity Financial
VEL
$689M
| $1.43M | ﹤0.01% |
68,710
-148,372
| -68% | -$2.79M |
|
4116
Melco Resorts & Entertainment
MLCO
$2.22B
| $1.43M | ﹤0.01% |
188,280
+160,715
| +583% | +$1.35M |
|
4117
Upexi
UPXI
$55.5M
| $1.42M | ﹤0.01% |
846,545
+480,588
| +131% | +$1.81M |
|
|
SUIG
4118
Sui Group Holdings
SUIG
$69.6M
| $1.42M | ﹤0.01% |
850,204
+489,835
| +136% | +$1.27M |
|
4119
United Fire Group
UFCS
$1.32B
| $1.42M | ﹤0.01% |
39,037
+1,501
| +4% | +$51.3K |
|
|
TMQ
4120
Trilogy Metals
TMQ
$541M
| $1.42M | ﹤0.01% |
328,446
-73,222
| -18% | -$345K |
|
4121
iShares National Muni Bond ETF
MUB
$45.1B
| $1.41M | ﹤0.01% |
13,163
-9,262
| -41% | -$992K |
|
4122
Ingles Markets
IMKTA
$1.71B
| $1.41M | ﹤0.01% |
20,556
-5,582
| -21% | -$406K |
|
4123
CALL
Lifestance Health
LFST
$4B
| $1.41M | ﹤0.01% |
200,000
+47,000
| +31% | +$284K |
|
4124
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
| $1.41M | ﹤0.01% |
18,100
-520,900
| -97% | -$40.7M |
|
|
TEM
4125
PUT
Tempus AI
TEM
$7.92B
| $1.41M | ﹤0.01% |
23,800
-89,200
| -79% | -$6.98M |
|
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.