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 | |
|---|---|---|---|---|---|---|
4501
PUT
Archer Aviation
ACHR
$3.54B
| $826K | ﹤0.01% |
109,900
-87,500
| -44% | -$823K |
|
4502
Digi International
DGII
$2.63B
| $825K | ﹤0.01% |
19,055
+11,059
| +138% | +$443K |
|
4503
CALL
Jefferies Financial Group
JEF
$12.6B
| $824K | ﹤0.01% |
13,300
-1,400
| -10% | -$80.3K |
|
4504
CALL
TransUnion
TRU
$15.1B
| $823K | ﹤0.01% |
+9,600
| New | +$789K |
|
4505
Nature's Sunshine
NATR
$354M
| $822K | ﹤0.01% |
38,103
-60,936
| -62% | -$1.12M |
|
4506
NVE Corp
NVEC
$562M
| $819K | ﹤0.01% |
+13,811
| New | +$924K |
|
4507
PUT
TE Connectivity
TEL
$59.6B
| $819K | ﹤0.01% |
3,600
-7,200
| -67% | -$1.67M |
|
4508
PUT
Regions Financial
RF
$26.4B
| $818K | ﹤0.01% |
30,200
-1,500
| -5% | -$38.3K |
|
4509
Actinium Pharmaceuticals
ATNM
$26.3M
| $818K | ﹤0.01% |
601,600
-23,097
| -4% | -$33.7K |
|
4510
PagerDuty
PD
$816M
| $818K | ﹤0.01% |
62,402
-16,243
| -21% | -$237K |
|
4511
First Mid Bancshares
FMBH
$1.39B
| $817K | ﹤0.01% |
20,957
+11,217
| +115% | +$427K |
|
4512
PUT
Rio Tinto
RIO
$158B
| $816K | ﹤0.01% |
10,200
-337,100
| -97% | -$24.3M |
|
4513
Intrepid Potash
IPI
$456M
| $816K | ﹤0.01% |
29,435
-67,633
| -70% | -$1.82M |
|
4514
iShares MSCI EAFE Value ETF
EFV
$28.8B
| $813K | ﹤0.01% |
+11,391
| New | +$792K |
|
4515
Milestone Pharmaceuticals
MIST
$138M
| $813K | ﹤0.01% |
402,635
+1,076
| +0.3% | +$2.32K |
|
4516
Greene County Bancorp
GCBC
$570M
| $810K | ﹤0.01% |
36,458
-10,687
| -23% | -$243K |
|
4517
Prenetics Global
PRE
$317M
| $810K | ﹤0.01% |
+51,432
| New | +$749K |
|
4518
Hippo Holdings
HIPO
$830M
| $809K | ﹤0.01% |
26,886
-18,299
| -40% | -$611K |
|
4519
CALL
Duolingo
DUOL
$6.28B
| $807K | ﹤0.01% |
4,600
-10,300
| -69% | -$2.43M |
|
4520
PUT
The GEO Group
GEO
$4.13B
| $806K | ﹤0.01% |
+50,000
| New | +$834K |
|
4521
CALL
M&T Bank
MTB
$35.7B
| $806K | ﹤0.01% |
4,000
| – | – |
|
4522
CALL
Republic Services
RSG
$64.8B
| $805K | ﹤0.01% |
3,800
+1,300
| +52% | +$280K |
|
4523
Climb Global Solutions
CLMB
$500M
| $804K | ﹤0.01% |
31,300
-44,856
| -59% | -$1.3M |
|
|
CGC
4524
Canopy Growth
CGC
$387M
| $802K | ﹤0.01% |
704,356
-2,433,340
| -78% | -$3.13M |
|
4525
iShares Semiconductor ETF
SOXX
$41.7B
| $801K | ﹤0.01% |
2,660
-1,051,285
| -100% | -$310M |
|
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.