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 | |
|---|---|---|---|---|---|---|
4351
Invesco Solar ETF
TAN
$1.42B
| $1.04M | ﹤0.01% |
21,201
-320,335
| -94% | -$15.4M |
|
4352
Zumiez
ZUMZ
$332M
| $1.04M | ﹤0.01% |
39,809
-147,859
| -79% | -$3.55M |
|
4353
CALL
Liquidia Corp
LQDA
$7.48B
| $1.03M | ﹤0.01% |
30,000
-48,000
| -62% | -$1.37M |
|
|
WENNU
4354
Wen Acquisition Corp Unit
WENNU
| $1.03M | ﹤0.01% |
101,055
-182,115
| -64% | -$1.91M |
|
4355
PUT
Valaris
VAL
$5.48B
| $1.03M | ﹤0.01% |
20,500
-6,100
| -23% | -$327K |
|
4356
Krispy Kreme
DNUT
$548M
| $1.03M | ﹤0.01% |
256,825
-454,166
| -64% | -$1.8M |
|
|
STEX
4357
Streamex Corp
STEX
$74M
| $1.03M | ﹤0.01% |
340,470
+306,196
| +893% | +$1.37M |
|
4358
CALL
Joby Aviation
JOBY
$7.03B
| $1.03M | ﹤0.01% |
204,833
+800
| +0.4% | +$12.3K |
|
4359
Powell Industries
POWL
$7.6B
| $1.03M | ﹤0.01% |
9,684
-42,885
| -82% | -$4.82M |
|
4360
CALL
BJs Wholesale Club
BJ
$12.5B
| $1.03M | ﹤0.01% |
11,400
-9,600
| -46% | -$881K |
|
4361
Spire Global
SPIR
$444M
| $1.02M | ﹤0.01% |
136,638
-64,466
| -32% | -$631K |
|
4362
PUT
SiTime
SITM
$16B
| $1.02M | ﹤0.01% |
+2,900
| New | +$907K |
|
|
FCRS.U
4363
FutureCrest Acquisition Corp Units
FCRS.U
| $1.02M | ﹤0.01% |
100,000
-264,500
| -73% | -$2.76M |
|
4364
Vista Gold
VGZ
$251M
| $1.02M | ﹤0.01% |
519,601
+417,975
| +411% | +$806K |
|
4365
PUT
Tower Semiconductor
TSEM
$24.8B
| $1.02M | ﹤0.01% |
8,700
-21,400
| -71% | -$2.06M |
|
4366
OmniAb
OABI
$287M
| $1.02M | ﹤0.01% |
673,395
+387,594
| +136% | +$674K |
|
4367
Navitas Semiconductor
NVTS
$2.84B
| $1.02M | ﹤0.01% |
142,920
-709,725
| -83% | -$6.83M |
|
|
FLG
4368
CALL
Flagstar Bank National Association
FLG
$5.93B
| $1.02M | ﹤0.01% |
81,000
-2,737,100
| -97% | -$32.7M |
|
|
TBN
4369
Tamboran Resources
TBN
$1.16B
| $1.02M | ﹤0.01% |
+37,405
| New | +$951K |
|
4370
CALL
Equinox Gold
EQX
$7.06B
| $1.02M | ﹤0.01% |
72,500
-72,500
| -50% | -$915K |
|
4371
CALL
Sunrun
RUN
$2.34B
| $1.01M | ﹤0.01% |
55,000
-17,500
| -24% | -$336K |
|
4372
Johnson Outdoors
JOUT
$491M
| $1.01M | ﹤0.01% |
23,828
-14,004
| -37% | -$580K |
|
4373
Orchestra BioMed
OBIO
$238M
| $1.01M | ﹤0.01% |
243,473
-130,514
| -35% | -$527K |
|
4374
PUT
Knight Transportation
KNX
$11.3B
| $1.01M | ﹤0.01% |
19,300
-1,200
| -6% | -$56.2K |
|
|
CHECU
4375
Chenghe Acquisition III Co Units
CHECU
| $1.01M | ﹤0.01% |
100,319
-247,391
| -71% | -$2.48M |
|
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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.