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 | |
|---|---|---|---|---|---|---|
4176
Korea Electric Power
KEP
$15.3B
| $1.3M | ﹤0.01% |
79,084
-2,231
| -3% | -$35.3K |
|
4177
Array Technologies
ARRY
$803M
| $1.3M | ﹤0.01% |
141,379
-1,730,494
| -92% | -$14.8M |
|
4178
Finance of America Companies
FOA
$203M
| $1.3M | ﹤0.01% |
+53,814
| New | +$1.23M |
|
4179
Cushman & Wakefield Ltd
CWK
$3.14B
| $1.3M | ﹤0.01% |
80,469
-1,635,580
| -95% | -$25.9M |
|
4180
UiPath
PATH
$6.61B
| $1.3M | ﹤0.01% |
79,428
-2,760,575
| -97% | -$43M |
|
4181
NovaGold Resources
NG
$2.56B
| $1.3M | ﹤0.01% |
139,544
+85,061
| +156% | +$789K |
|
|
CRCL
4182
CALL
Circle Internet Group
CRCL
$15.6B
| $1.3M | ﹤0.01% |
+16,400
| New | +$1.69M |
|
|
PPIH
4183
Perma-Pipe International
PPIH
$196M
| $1.3M | ﹤0.01% |
42,780
+31,064
| +265% | +$852K |
|
4184
Future Fuel
FF
$217M
| $1.3M | ﹤0.01% |
407,141
-10,188
| -2% | -$36.5K |
|
|
HDSN
4185
Hudson Technologies
HDSN
$254M
| $1.3M | ﹤0.01% |
189,061
-166,897
| -47% | -$1.32M |
|
4186
CALL
Trip.com Group
TCOM
$29.6B
| $1.29M | ﹤0.01% |
18,000
-23,000
| -56% | -$1.64M |
|
4187
Funko
FNKO
$326M
| $1.29M | ﹤0.01% |
380,346
-12,733
| -3% | -$40K |
|
4188
PUT
Evercore
EVR
$12.4B
| $1.29M | ﹤0.01% |
+3,800
| New | +$1.22M |
|
4189
CALL
Alaska Air
ALK
$5.29B
| $1.29M | ﹤0.01% |
25,700
-8,900
| -26% | -$411K |
|
4190
CALL
Citizens Financial Group
CFG
$30.3B
| $1.29M | ﹤0.01% |
22,100
-19,800
| -47% | -$1.06M |
|
4191
Korro Bio
KRRO
$150M
| $1.29M | ﹤0.01% |
161,092
-99,241
| -38% | -$2.32M |
|
4192
CALL
Polaris
PII
$3.82B
| $1.29M | ﹤0.01% |
20,400
-50,900
| -71% | -$3.35M |
|
4193
Washington Trust Bancorp
WASH
$743M
| $1.29M | ﹤0.01% |
43,659
-29,282
| -40% | -$833K |
|
4194
Brady Corp
BRC
$4.44B
| $1.29M | ﹤0.01% |
16,449
-111,136
| -87% | -$8.6M |
|
4195
PepGen
PEPG
$122M
| $1.29M | ﹤0.01% |
197,943
-302,323
| -60% | -$1.57M |
|
4196
V2X
VVX
$2.83B
| $1.28M | ﹤0.01% |
23,448
-60,023
| -72% | -$3.38M |
|
4197
JFrog
FROG
$9.66B
| $1.28M | ﹤0.01% |
20,464
-212,977
| -91% | -$12.1M |
|
4198
CALL
McCormick & Company Non-Voting
MKC
$13.7B
| $1.27M | ﹤0.01% |
18,700
+8,300
| +80% | +$551K |
|
|
NPKI
4199
NPK International
NPKI
$1.06B
| $1.27M | ﹤0.01% |
106,487
-60,556
| -36% | -$739K |
|
4200
PUT
Dover
DOV
$27.6B
| $1.27M | ﹤0.01% |
6,500
+3,900
| +150% | +$710K |
|
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.