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 | |
|---|---|---|---|---|---|---|
4551
PUT
Targa Resources
TRGP
$58B
| $756K | ﹤0.01% |
4,100
-7,000
| -63% | -$1.18M |
|
4552
PUT
Consolidated Edison
ED
$40.1B
| $755K | ﹤0.01% |
7,600
-19,100
| -72% | -$1.9M |
|
4553
Citizens Financial Services
CZFS
$373M
| $753K | ﹤0.01% |
13,206
+7,158
| +118% | +$407K |
|
4554
Alico
ALCO
$280M
| $752K | ﹤0.01% |
20,677
+8,736
| +73% | +$304K |
|
|
DDI
4555
DoubleDown Interactive
DDI
$574M
| $751K | ﹤0.01% |
87,025
-29,652
| -25% | -$266K |
|
4556
CALL
Restaurant Brands International
QSR
$25.7B
| $751K | ﹤0.01% |
11,000
+6,300
| +134% | +$434K |
|
|
LAND
4557
Gladstone Land Corp
LAND
$350M
| $750K | ﹤0.01% |
81,964
-201,574
| -71% | -$1.84M |
|
4558
Nerdy
NRDY
$106M
| $750K | ﹤0.01% |
720,706
-29,788
| -4% | -$33.6K |
|
4559
Altimmune
ALT
$552M
| $749K | ﹤0.01% |
207,383
-160,199
| -44% | -$698K |
|
4560
Five Point Holdings
FPH
$373M
| $748K | ﹤0.01% |
+133,749
| New | +$791K |
|
4561
Repay Holdings
RPAY
$331M
| $747K | ﹤0.01% |
204,746
-175,654
| -46% | -$704K |
|
|
NFGC
4562
New Found Gold
NFGC
$522M
| $745K | ﹤0.01% |
250,978
-7,880
| -3% | -$19.3K |
|
4563
CALL
Edgewise Therapeutics
EWTX
$4.13B
| $744K | ﹤0.01% |
+30,000
| New | +$602K |
|
4564
Sixth Street Specialty
TSLX
$1.63B
| $744K | ﹤0.01% |
+34,236
| New | +$747K |
|
4565
PUT
CarMax
KMX
$8.13B
| $742K | ﹤0.01% |
19,200
-13,400
| -41% | -$536K |
|
4566
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
$3.09B
| $740K | ﹤0.01% |
29,670
-7,649
| -20% | -$192K |
|
|
JMIA
4567
Jumia Technologies
JMIA
$737M
| $740K | ﹤0.01% |
59,223
-182,326
| -75% | -$2.11M |
|
4568
LifeMD
LFMD
$169M
| $739K | ﹤0.01% |
216,836
+149,234
| +221% | +$724K |
|
4569
CALL
Prothena Corp
PRTA
$425M
| $739K | ﹤0.01% |
+77,400
| New | +$788K |
|
|
NIU
4570
Niu Technologies
NIU
$203M
| $739K | ﹤0.01% |
243,788
+156,769
| +180% | +$607K |
|
4571
Full House Resorts
FLL
$80.1M
| $738K | ﹤0.01% |
282,623
-146,939
| -34% | -$395K |
|
|
THR
4572
DELISTED
Thermon Group Holdings
THR
| $737K | ﹤0.01% |
+19,828
| New | +$651K |
|
4573
Polestar Automotive Holding UK
PSNY
$2.09B
| $737K | ﹤0.01% |
34,468
+28,148
| +445% | +$588K |
|
4574
Magnachip Semiconductor
MX
$119M
| $737K | ﹤0.01% |
288,837
+34,582
| +14% | +$96.3K |
|
4575
Beyond Meat
BYND
$292M
| $735K | ﹤0.01% |
895,918
+733,459
| +451% | +$1.02M |
|
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.