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 | |
|---|---|---|---|---|---|---|
4626
The Oncology Institute
TOI
$486M
| $688K | ﹤0.01% |
193,141
-757,860
| -80% | -$2.81M |
|
4627
HBT Financial
HBT
$1.3B
| $686K | ﹤0.01% |
26,556
-7,059
| -21% | -$174K |
|
4628
CALL
EyePoint Inc
EYPT
$1.03B
| $685K | ﹤0.01% |
+37,500
| New | +$531K |
|
4629
Better Home & Finance Holding
BETR
$443M
| $684K | ﹤0.01% |
+21,004
| New | +$1.14M |
|
|
NGD
4630
CALL
DELISTED
New Gold Inc
NGD
| $679K | ﹤0.01% |
+78,000
| New | +$587K |
|
4631
CALL
GXO Logistics
GXO
$5.77B
| $679K | ﹤0.01% |
12,900
+100
| +0.8% | +$5.25K |
|
4632
CALL
Matador Resources
MTDR
$6.2B
| $679K | ﹤0.01% |
16,000
+6,300
| +65% | +$265K |
|
4633
Enovix
ENVX
$892M
| $677K | ﹤0.01% |
92,674
-1,384,205
| -94% | -$13.4M |
|
4634
CEMIG Preferred Shares
CIG
$6.26B
| $677K | ﹤0.01% |
338,665
-1,132,735
| -77% | -$2.32M |
|
|
AVBH
4635
Avidbank Holdings
AVBH
$357M
| $677K | ﹤0.01% |
+25,476
| New | +$661K |
|
4636
ING
ING
$99.8B
| $676K | ﹤0.01% |
24,130
-235,910
| -91% | -$6.08M |
|
|
TLN
4637
CALL
Talen Energy Corp
TLN
$16B
| $675K | ﹤0.01% |
1,800
+300
| +20% | +$117K |
|
|
TLN
4638
PUT
Talen Energy Corp
TLN
$16B
| $675K | ﹤0.01% |
1,800
-1,600
| -47% | -$622K |
|
4639
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
$3.44B
| $675K | ﹤0.01% |
+10,535
| New | +$680K |
|
4640
PUT
Baxter International
BAX
$13.5B
| $675K | ﹤0.01% |
35,300
-43,400
| -55% | -$868K |
|
4641
Barings BDC
BBDC
$864M
| $669K | ﹤0.01% |
72,849
+49,456
| +211% | +$438K |
|
4642
TaskUs
TASK
$556M
| $668K | ﹤0.01% |
56,693
-14,933
| -21% | -$191K |
|
4643
PUT
Domino's
DPZ
$11.5B
| $667K | ﹤0.01% |
1,600
| – | – |
|
4644
Choiceone Financial
COFS
$509M
| $666K | ﹤0.01% |
+22,557
| New | +$667K |
|
4645
Lufax Holding
LU
$1.35B
| $664K | ﹤0.01% |
259,472
+218,275
| +530% | +$645K |
|
|
NEXN
4646
Nexxen International
NEXN
$573M
| $664K | ﹤0.01% |
+101,521
| New | +$755K |
|
4647
PUT
United Microelectronic
UMC
$47.7B
| $663K | ﹤0.01% |
84,400
| – | – |
|
|
FWDI
4648
Forward Industries Inc
FWDI
$297M
| $661K | ﹤0.01% |
100,012
-19,173
| -16% | -$246K |
|
4649
CALL
Nasdaq
NDAQ
$52.7B
| $660K | ﹤0.01% |
+6,800
| New | +$612K |
|
|
THS
4650
DELISTED
Treehouse Foods
THS
| $660K | ﹤0.01% |
27,959
-168,024
| -86% | -$3.67M |
|
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.