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 | |
|---|---|---|---|---|---|---|
4251
CALL
CME Group
CME
$96.3B
| $1.2M | ﹤0.01% |
4,400
-19,600
| -82% | -$5.33M |
|
|
OCSAW
4252
CALL
Oculis Holding AG Warrants
OCSAW
| $1.2M | ﹤0.01% |
140,000
| – | – |
|
|
FPI
4253
Farmland Partners
FPI
$408M
| $1.2M | ﹤0.01% |
123,579
+27,065
| +28% | +$271K |
|
4254
Aehr Test Systems
AEHR
$2.61B
| $1.2M | ﹤0.01% |
59,219
+492
| +0.8% | +$11.9K |
|
4255
PUT
Campbell Soup
CPB
$6.55B
| $1.2M | ﹤0.01% |
42,900
-33,200
| -44% | -$998K |
|
4256
PUT
American Tower
AMT
$80.8B
| $1.19M | ﹤0.01% |
6,800
-15,700
| -70% | -$2.86M |
|
4257
PUT
BioMarin Pharmaceuticals
BMRN
$11.6B
| $1.19M | ﹤0.01% |
20,000
+5,600
| +39% | +$305K |
|
4258
Alpha and Omega Semiconductor
AOSL
$950M
| $1.19M | ﹤0.01% |
59,983
-577,893
| -91% | -$13.6M |
|
|
CLYM
4259
Climb Bio
CLYM
$681M
| $1.19M | ﹤0.01% |
296,314
-175,390
| -37% | -$421K |
|
4260
Cartesian Therapeutics
RNAC
$229M
| $1.19M | ﹤0.01% |
164,366
+139,009
| +548% | +$1.12M |
|
4261
Conduent
CNDT
$244M
| $1.18M | ﹤0.01% |
617,135
+211,970
| +52% | +$464K |
|
|
AVBC
4262
Avidia Bancorp
AVBC
$414M
| $1.18M | ﹤0.01% |
+70,453
| New | +$1.1M |
|
4263
Twin Disc
TWIN
$329M
| $1.18M | ﹤0.01% |
70,922
-30,462
| -30% | -$472K |
|
4264
CALL
Xcel Energy
XEL
$48.8B
| $1.18M | ﹤0.01% |
16,000
+9,600
| +150% | +$757K |
|
4265
CALL
Arbor Realty Trust
ABR
$964M
| $1.18M | ﹤0.01% |
152,200
+4,300
| +3% | +$42.1K |
|
4266
PUT
Ferguson
FERG
$45.4B
| $1.18M | ﹤0.01% |
5,300
-4,700
| -47% | -$1.12M |
|
|
CVGW
4267
DELISTED
Calavo Growers
CVGW
| $1.17M | ﹤0.01% |
53,905
+10,208
| +23% | +$226K |
|
4268
PUT
TKO Group
TKO
$13.6B
| $1.17M | ﹤0.01% |
5,600
-9,900
| -64% | -$1.92M |
|
4269
Tactile Systems Technology
TCMD
$635M
| $1.17M | ﹤0.01% |
40,345
+3,606
| +10% | +$80K |
|
4270
Oaktree Specialty Lending
OCSL
$1.02B
| $1.17M | ﹤0.01% |
91,779
+65,204
| +245% | +$871K |
|
4271
Scansource
SCSC
$1.15B
| $1.17M | ﹤0.01% |
29,932
-60,090
| -67% | -$2.48M |
|
4272
Manitowoc
MTW
$497M
| $1.17M | ﹤0.01% |
97,220
-266,371
| -73% | -$3.03M |
|
4273
Franklin Covey
FC
$242M
| $1.17M | ﹤0.01% |
69,457
-190,161
| -73% | -$3.18M |
|
4274
PUT
Teva Pharmaceuticals
TEVA
$40.8B
| $1.16M | ﹤0.01% |
37,300
-534,200
| -93% | -$13.2M |
|
4275
PUT
Sunrun
RUN
$2.34B
| $1.16M | ﹤0.01% |
63,200
-423,900
| -87% | -$8.13M |
|
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.