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 | |
|---|---|---|---|---|---|---|
4476
PUT
Conagra Brands
CAG
$6.94B
| $857K | ﹤0.01% |
49,500
-47,200
| -49% | -$838K |
|
4477
Pyxis Oncology
PYXS
$168M
| $855K | ﹤0.01% |
743,107
-72,224
| -9% | -$255K |
|
|
MLCI
4478
Mount Logan Capital Inc
MLCI
$34.1M
| $852K | ﹤0.01% |
+103,256
| New | +$804K |
|
4479
CALL
Phillips 66
PSX
$84.9B
| $852K | ﹤0.01% |
6,600
-15,600
| -70% | -$2.1M |
|
4480
CALL
Bloom Energy
BE
$60.6B
| $852K | ﹤0.01% |
9,800
-5,900
| -38% | -$620K |
|
4481
PUT
Ocular Therapeutix
OCUL
$1.79B
| $850K | ﹤0.01% |
+70,000
| New | +$850K |
|
4482
Stratasys
SSYS
$679M
| $846K | ﹤0.01% |
+97,516
| New | +$966K |
|
4483
PUT
BHP
BHP
$215B
| $845K | ﹤0.01% |
14,000
-539,400
| -97% | -$30.6M |
|
4484
CALL
Li Auto
LI
$13.4B
| $843K | ﹤0.01% |
49,800
| – | – |
|
4485
Genie Energy
GNE
$367M
| $843K | ﹤0.01% |
61,161
-2,322
| -4% | -$34.2K |
|
4486
CALL
Credit Acceptance
CACC
$5.95B
| $843K | ﹤0.01% |
1,900
| – | – |
|
|
XRN
4487
Chiron Real Estate Inc
XRN
$514M
| $840K | ﹤0.01% |
24,891
-10,848
| -30% | -$354K |
|
4488
BlueLinx
BXC
$422M
| $840K | ﹤0.01% |
13,667
+1,774
| +15% | +$115K |
|
4489
Revolve Group
RVLV
$1.8B
| $839K | ﹤0.01% |
27,789
-531,201
| -95% | -$12.8M |
|
4490
Vanguard Total Bond Market
BND
$157B
| $839K | ﹤0.01% |
11,326
-58,391
| -84% | -$4.35M |
|
4491
Cogent Communications
CCOI
$676M
| $836K | ﹤0.01% |
38,783
-40,956
| -51% | -$1.21M |
|
4492
Farmers & Merchants Bancorp
FMAO
$459M
| $836K | ﹤0.01% |
33,820
+8,337
| +33% | +$208K |
|
4493
CALL
TKO Group
TKO
$13.6B
| $836K | ﹤0.01% |
4,000
-200
| -5% | -$38.9K |
|
4494
Patrick Industries
PATK
$2.74B
| $836K | ﹤0.01% |
7,708
-16,007
| -67% | -$1.68M |
|
4495
CALL
Tractor Supply
TSCO
$16.1B
| $835K | ﹤0.01% |
16,700
-400
| -2% | -$21.5K |
|
4496
Bluerock Homes Trust
BHM
$35.3M
| $834K | ﹤0.01% |
78,142
+11,523
| +17% | +$114K |
|
4497
908 Devices
MASS
$329M
| $830K | ﹤0.01% |
158,103
+127,040
| +409% | +$888K |
|
4498
Hayward Holdings
HAYW
$3.21B
| $830K | ﹤0.01% |
+53,692
| New | +$849K |
|
|
BCIC
4499
BCP Investment Corp
BCIC
$89.1M
| $828K | ﹤0.01% |
+69,975
| New | +$850K |
|
4500
Prosperity Bancshares
PB
$8.97B
| $827K | ﹤0.01% |
11,964
-71,745
| -86% | -$4.84M |
|
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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.