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 | |
|---|---|---|---|---|---|---|
4426
ACM Research
ACMR
$5.42B
| $927K | ﹤0.01% |
23,500
-186,838
| -89% | -$6.96M |
|
4427
STRATTEC Security
STRT
$367M
| $926K | ﹤0.01% |
12,161
-100,151
| -89% | -$7.17M |
|
4428
dLocal
DLO
$4.44B
| $924K | ﹤0.01% |
65,348
-1,254,262
| -95% | -$17.7M |
|
4429
PUT
GXO Logistics
GXO
$5.77B
| $921K | ﹤0.01% |
17,500
-100
| -0.6% | -$5.25K |
|
4430
First Majestic Silver
AG
$7.41B
| $921K | ﹤0.01% |
55,288
-656,250
| -92% | -$9.12M |
|
4431
CALL
On Holding
ONON
$12.1B
| $920K | ﹤0.01% |
19,800
-33,600
| -63% | -$1.45M |
|
4432
PUT
Public Service Enterprise Group
PEG
$38.2B
| $915K | ﹤0.01% |
11,400
-10,800
| -49% | -$881K |
|
4433
Utah Medical Products
UTMD
$225M
| $915K | ﹤0.01% |
16,348
-4,208
| -20% | -$244K |
|
|
AIOT
4434
PowerFleet Inc
AIOT
$526M
| $913K | ﹤0.01% |
171,526
-1,161,591
| -87% | -$5.94M |
|
4435
CALL
ProShares UltraPro QQQ
TQQQ
$32.1B
| $912K | ﹤0.01% |
17,300
+300
| +2% | +$16.1K |
|
4436
St. Joe Company
JOE
$3.54B
| $912K | ﹤0.01% |
15,360
+3,652
| +31% | +$205K |
|
4437
Fox Factory Holding Corp
FOXF
$755M
| $911K | ﹤0.01% |
53,249
-44,517
| -46% | -$849K |
|
4438
Zentalis Pharmaceuticals
ZNTL
$337M
| $909K | ﹤0.01% |
673,129
-229,392
| -25% | -$334K |
|
4439
Roadzen
RDZN
$97.2M
| $907K | ﹤0.01% |
376,330
-125,677
| -25% | -$193K |
|
4440
CALL
Macy's
M
$6.53B
| $902K | ﹤0.01% |
40,900
-184,400
| -82% | -$3.78M |
|
4441
CALL
Northern Trust
NTRS
$33.3B
| $901K | ﹤0.01% |
6,600
-2,016,000
| -100% | -$265M |
|
4442
Bank7 Corp
BSVN
$479M
| $901K | ﹤0.01% |
21,997
+12,749
| +138% | +$545K |
|
4443
Bio-Techne
TECH
$11.2B
| $901K | ﹤0.01% |
15,323
-190,293
| -93% | -$11.6M |
|
4444
PUT
ADT
ADT
$5.58B
| $901K | ﹤0.01% |
111,600
-100,000
| -47% | -$831K |
|
4445
PUT
Western Alliance Bancorporation
WAL
$8.79B
| $900K | ﹤0.01% |
+10,700
| New | +$869K |
|
4446
Dime Commercial Bancshares
DCOM
$1.8B
| $898K | ﹤0.01% |
+29,856
| New | +$862K |
|
4447
PUT
Dick's Sporting Goods
DKS
$17.5B
| $891K | ﹤0.01% |
4,500
-10,000
| -69% | -$2.18M |
|
4448
FB Financial Corp
FBK
$3.02B
| $887K | ﹤0.01% |
15,901
-207,753
| -93% | -$11.6M |
|
4449
PUT
Ingersoll Rand
IR
$32.6B
| $887K | ﹤0.01% |
11,200
-11,400
| -50% | -$900K |
|
4450
CALL
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
| $886K | ﹤0.01% |
11,400
-116,700
| -91% | -$9.11M |
|
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.