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 | |
|---|---|---|---|---|---|---|
|
CBIO
4576
Crescent Biopharma
CBIO
$537M
| $734K | ﹤0.01% |
+61,882
| New | +$788K |
|
4577
PUT
Allegro MicroSystems
ALGM
$7.73B
| $733K | ﹤0.01% |
27,800
-32,400
| -54% | -$892K |
|
4578
Atossa Therapeutics
ATOS
$20.6M
| $733K | ﹤0.01% |
82,858
-28,385
| -26% | -$359K |
|
4579
CALL
Pool Corp
POOL
$6.75B
| $732K | ﹤0.01% |
3,200
+200
| +7% | +$52K |
|
4580
Olin
OLN
$2.11B
| $732K | ﹤0.01% |
35,130
-2,451,572
| -99% | -$52.9M |
|
|
TEF
4581
DELISTED
Telefonica
TEF
| $729K | ﹤0.01% |
179,987
+32,473
| +22% | +$146K |
|
4582
Gran Tierra Energy
GTE
$265M
| $728K | ﹤0.01% |
171,702
+114,859
| +202% | +$484K |
|
|
SHOE
4583
Shoe Station Group
SHOE
$413M
| $727K | ﹤0.01% |
43,089
-5,912
| -12% | -$109K |
|
4584
PUT
dLocal
DLO
$4.44B
| $727K | ﹤0.01% |
51,400
-100,000
| -66% | -$1.41M |
|
|
IGR
4585
CBRE Global Real Estate Income Fund
IGR
$709M
| $724K | ﹤0.01% |
165,224
-132,776
| -45% | -$625K |
|
4586
4D Molecular Therapeutics
FDMT
$532M
| $723K | ﹤0.01% |
96,364
-1,053,037
| -92% | -$10.7M |
|
4587
Black Diamond Therapeutics
BDTX
$96.8M
| $721K | ﹤0.01% |
296,556
-553,775
| -65% | -$1.96M |
|
4588
Cars.com
CARS
$662M
| $718K | ﹤0.01% |
58,871
-22,407
| -28% | -$261K |
|
4589
CALL
Texas Pacific Land
TPL
$27.8B
| $718K | ﹤0.01% |
2,500
-1,100
| -31% | -$336K |
|
4590
PUT
uniQure
QURE
$3.03B
| $718K | ﹤0.01% |
30,000
| – | – |
|
|
RERE
4591
ATRenew
RERE
$939M
| $717K | ﹤0.01% |
135,203
-82,458
| -38% | -$370K |
|
4592
CALL
Valaris
VAL
$5.48B
| $716K | ﹤0.01% |
14,200
-29,000
| -67% | -$1.56M |
|
4593
iShares Russell 2000 Value ETF
IWN
$14.3B
| $714K | ﹤0.01% |
+3,938
| New | +$707K |
|
4594
PUT
Hasbro
HAS
$13.2B
| $713K | ﹤0.01% |
8,700
-7,900
| -48% | -$619K |
|
4595
PUT
Vodafone
VOD
$36.3B
| $713K | ﹤0.01% |
54,000
+30,600
| +131% | +$370K |
|
4596
CALL
Dick's Sporting Goods
DKS
$17.5B
| $713K | ﹤0.01% |
3,600
-32,900
| -90% | -$7.18M |
|
4597
Chord Energy
CHRD
$7.9B
| $713K | ﹤0.01% |
7,688
-123,419
| -94% | -$11.4M |
|
|
FOLD
4598
CALL
DELISTED
Amicus Therapeutics
FOLD
| $712K | ﹤0.01% |
50,000
-122,500
| -71% | -$1.2M |
|
4599
Ponce Financial Group
PDLB
$488M
| $712K | ﹤0.01% |
43,533
-9,536
| -18% | -$147K |
|
4600
Dr. Reddy's Laboratories
RDY
$9.87B
| $711K | ﹤0.01% |
50,652
-505,207
| -91% | -$7.09M |
|
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.