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 | |
|---|---|---|---|---|---|---|
4201
CALL
Signet Jewelers
SIG
$3.61B
| $1.27M | ﹤0.01% |
15,300
-3,000
| -16% | -$285K |
|
4202
Forestar Group
FOR
$1.44B
| $1.27M | ﹤0.01% |
51,458
-213,162
| -81% | -$5.44M |
|
4203
Green Brick Partners
GRBK
$3.04B
| $1.26M | ﹤0.01% |
20,147
-50,139
| -71% | -$3.31M |
|
4204
Viasat
VSAT
$10.6B
| $1.26M | ﹤0.01% |
36,603
-43,392
| -54% | -$1.53M |
|
|
OGI
4205
Organigram Holdings
OGI
$132M
| $1.26M | ﹤0.01% |
+749,493
| New | +$1.29M |
|
|
DYORU
4206
Insight Digital Partners II Units
DYORU
| $1.26M | ﹤0.01% |
+125,000
| New | +$1.26M |
|
4207
CALL
Doximity
DOCS
$3.76B
| $1.26M | ﹤0.01% |
28,400
-18,500
| -39% | -$1.04M |
|
|
TDWDU
4208
Tailwind 2.0 Acquisition Corp Unit
TDWDU
| $1.26M | ﹤0.01% |
+125,000
| New | +$1.25M |
|
4209
iShares MSCI South Korea ETF
EWY
$21.9B
| $1.26M | ﹤0.01% |
12,927
+8,930
| +223% | +$816K |
|
4210
Orange County Bancorp
OBT
$513M
| $1.26M | ﹤0.01% |
43,997
-8,559
| -16% | -$225K |
|
4211
CALL
Mettler-Toledo International
MTD
$28.6B
| $1.25M | ﹤0.01% |
900
+300
| +50% | +$419K |
|
4212
PUT
Argan
AGX
$8B
| $1.25M | ﹤0.01% |
+4,000
| New | +$1.27M |
|
4213
PUT
American Water Works
AWK
$26.7B
| $1.25M | ﹤0.01% |
9,600
-11,400
| -54% | -$1.52M |
|
4214
RBB Bancorp
RBB
$448M
| $1.25M | ﹤0.01% |
60,609
-3,396
| -5% | -$66.8K |
|
|
SLNO
4215
PUT
DELISTED
Soleno Therapeutics
SLNO
| $1.25M | ﹤0.01% |
27,000
-180,700
| -87% | -$9.91M |
|
4216
PUT
Rambus
RMBS
$9.87B
| $1.25M | ﹤0.01% |
13,600
+10,400
| +325% | +$1.02M |
|
4217
Colliers International
CIGI
$5.04B
| $1.25M | ﹤0.01% |
8,494
-11,862
| -58% | -$1.78M |
|
|
4218
PUT
Doximity
DOCS
$3.76B
| $1.25M | ﹤0.01% |
28,200
-52,100
| -65% | -$2.92M |
|
4219
CALL
Aflac
AFL
$64.9B
| $1.25M | ﹤0.01% |
11,300
-232,800
| -95% | -$25.6M |
|
4220
Capital Bancorp
CBNK
$608M
| $1.24M | ﹤0.01% |
44,154
-54,711
| -55% | -$1.57M |
|
4221
Vesta Real Estate
VTMX
$3.2B
| $1.24M | ﹤0.01% |
40,625
+27,481
| +209% | +$814K |
|
4222
TFS Financial
TFSL
$5.16B
| $1.24M | ﹤0.01% |
92,551
-16,077
| -15% | -$220K |
|
4223
CALL
Sphere Entertainment
SPHR
$5.14B
| $1.24M | ﹤0.01% |
+13,000
| New | +$991K |
|
4224
CytomX Therapeutics
CTMX
$675M
| $1.23M | ﹤0.01% |
289,653
-1,097,210
| -79% | -$4.17M |
|
4225
Acumen Pharmaceuticals
ABOS
$155M
| $1.23M | ﹤0.01% |
584,143
-17,573
| -3% | -$34.9K |
|
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.