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 | |
|---|---|---|---|---|---|---|
|
EU
4151
enCore Energy
EU
$212M
| $1.34M | ﹤0.01% |
540,948
+199,724
| +59% | +$571K |
|
4152
Eton Pharmaceutcials
ETON
$1.27B
| $1.34M | ﹤0.01% |
79,331
+63,469
| +400% | +$1.12M |
|
4153
CALL
Stanley Black & Decker
SWK
$14.3B
| $1.34M | ﹤0.01% |
18,000
-14,400
| -44% | -$1.01M |
|
4154
CALL
Western Alliance Bancorporation
WAL
$8.79B
| $1.34M | ﹤0.01% |
+15,900
| New | +$1.29M |
|
4155
Stepan Co
SCL
$1.46B
| $1.34M | ﹤0.01% |
28,191
-32,693
| -54% | -$1.5M |
|
|
EVOX
4156
Evolution Global Acquisition Corp
EVOX
$322M
| $1.33M | ﹤0.01% |
+135,000
| New | +$1.33M |
|
|
FFIC
4157
DELISTED
Flushing Financial
FFIC
| $1.33M | ﹤0.01% |
87,646
-193,039
| -69% | -$2.92M |
|
4158
CALL
Chewy
CHWY
$9.25B
| $1.33M | ﹤0.01% |
40,200
| – | – |
|
4159
CALL
Hasbro
HAS
$13.2B
| $1.33M | ﹤0.01% |
16,200
-6,900
| -30% | -$541K |
|
|
TWO
4160
CALL
Two Harbors Investment
TWO
$1.27B
| $1.33M | ﹤0.01% |
+126,400
| New | +$1.26M |
|
4161
Unitil
UTL
$970M
| $1.33M | ﹤0.01% |
27,389
+21,339
| +353% | +$1.04M |
|
4162
CALL
Rambus
RMBS
$9.87B
| $1.32M | ﹤0.01% |
14,400
-600
| -4% | -$59K |
|
4163
United Bankshares
UBSI
$6.63B
| $1.32M | ﹤0.01% |
34,458
-90,110
| -72% | -$3.36M |
|
4164
Movado Group
MOV
$849M
| $1.32M | ﹤0.01% |
64,119
-61,713
| -49% | -$1.2M |
|
4165
CALL
ZIM Integrated Shipping Services
ZIM
$3.04B
| $1.32M | ﹤0.01% |
62,200
-33,600
| -35% | -$564K |
|
4166
Artesian Resources
ARTNA
$355M
| $1.32M | ﹤0.01% |
41,743
+1,891
| +5% | +$60.9K |
|
|
SI
4167
Shoulder Innovations Inc
SI
$472M
| $1.32M | ﹤0.01% |
+92,003
| New | +$1.25M |
|
|
AEBI
4168
Aebi Schmidt Holding AG
AEBI
$999M
| $1.32M | ﹤0.01% |
+103,981
| New | +$1.24M |
|
4169
Helmerich & Payne
HP
$3.45B
| $1.31M | ﹤0.01% |
45,805
-569,079
| -93% | -$15.1M |
|
4170
CALL
PagerDuty
PD
$816M
| $1.31M | ﹤0.01% |
100,000
+61,500
| +160% | +$897K |
|
4171
PUT
M&T Bank
MTB
$35.7B
| $1.31M | ﹤0.01% |
6,500
-200
| -3% | -$38.2K |
|
4172
IPG Photonics
IPGP
$3.61B
| $1.31M | ﹤0.01% |
18,281
-26,612
| -59% | -$2.17M |
|
4173
CALL
Amer Sports
AS
$20.7B
| $1.31M | ﹤0.01% |
35,000
| – | – |
|
|
VOYG
4174
PUT
Voyager Technologies
VOYG
$1.45B
| $1.31M | ﹤0.01% |
+50,000
| New | +$1.36M |
|
4175
PUT
Toast
TOST
$18.7B
| $1.31M | ﹤0.01% |
36,800
+13,400
| +57% | +$483K |
|
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.