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 | |
|---|---|---|---|---|---|---|
|
ONL
4401
Orion Office REIT
ONL
$150M
| $966K | ﹤0.01% |
427,258
-253,016
| -37% | -$597K |
|
4402
Fresenius Medical Care
FMS
$13.8B
| $965K | ﹤0.01% |
40,522
-276,587
| -87% | -$6.88M |
|
4403
Healthcare Services Group
HCSG
$1.6B
| $964K | ﹤0.01% |
50,442
-63,460
| -56% | -$1.14M |
|
4404
Latham Group
SWIM
$629M
| $963K | ﹤0.01% |
151,710
+83,990
| +124% | +$587K |
|
4405
Definitive Healthcare
DH
$72M
| $953K | ﹤0.01% |
332,087
+231,743
| +231% | +$643K |
|
4406
Wolfspeed
WOLF
$1.23B
| $953K | ﹤0.01% |
54,738
-20,442
| -27% | -$469K |
|
4407
CALL
Omnicom Group
OMC
$21.6B
| $953K | ﹤0.01% |
11,800
+3,200
| +37% | +$245K |
|
|
SNDK
4408
PUT
Sandisk
SNDK
$180B
| $950K | ﹤0.01% |
4,000
+1,200
| +43% | +$240K |
|
4409
Nuveen Credit Strategies Income Fund
JQC
$704M
| $948K | ﹤0.01% |
188,913
+164,580
| +676% | +$837K |
|
4410
NETSCOUT
NTCT
$2.96B
| $942K | ﹤0.01% |
34,798
-713,026
| -95% | -$19.3M |
|
4411
Rentokil
RTO
$11.8B
| $939K | ﹤0.01% |
+31,877
| New | +$886K |
|
|
IMSRW
4412
CALL
Terrestrial Energy Warrant
IMSRW
$25.8M
| $939K | ﹤0.01% |
442,833
-212,282
| -32% | -$1.15M |
|
4413
Coherus Oncology
CHRS
$217M
| $938K | ﹤0.01% |
+660,451
| New | +$962K |
|
|
HTBK
4414
DELISTED
Heritage Commerce
HTBK
| $938K | ﹤0.01% |
78,079
-28,477
| -27% | -$309K |
|
4415
CALL
AST SpaceMobile
ASTS
$17.6B
| $937K | ﹤0.01% |
+12,900
| New | +$921K |
|
4416
CALL
Builders FirstSource
BLDR
$7.15B
| $936K | ﹤0.01% |
9,100
-1,400
| -13% | -$157K |
|
4417
First Bank
FRBA
$464M
| $935K | ﹤0.01% |
56,820
+27,497
| +94% | +$440K |
|
4418
PUT
Comfort Systems
FIX
$60.9B
| $933K | ﹤0.01% |
1,000
-400
| -29% | -$369K |
|
4419
CALL
Enbridge
ENB
$119B
| $933K | ﹤0.01% |
19,500
-11,800
| -38% | -$563K |
|
4420
CALL
Banco Bilbao Vizcaya Argentaria
BBVA
$154B
| $932K | ﹤0.01% |
+40,000
| New | +$836K |
|
|
WCC
4421
WESCO International
WCC
$16.7B
| $932K | ﹤0.01% |
3,810
-947
| -20% | -$232K |
|
|
ARTV
4422
Artiva Biotherapeutics
ARTV
$491M
| $931K | ﹤0.01% |
217,097
-45,063
| -17% | -$170K |
|
|
PPLT
4423
abrdn Physical Platinum Shares ETF
PPLT
$1.88B
| $931K | ﹤0.01% |
+49,930
| New | +$769K |
|
4424
CALL
KB Home
KBH
$3.37B
| $931K | ﹤0.01% |
16,500
-3,800
| -19% | -$234K |
|
|
RDNW
4425
RideNow Group
RDNW
$238M
| $927K | ﹤0.01% |
167,961
-8,134
| -5% | -$38K |
|
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.