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 | |
|---|---|---|---|---|---|---|
4651
Solid Biosciences
SLDB
$794M
| $658K | ﹤0.01% |
116,632
-793,069
| -87% | -$4.3M |
|
|
STRZ
4652
Starz Entertainment Corp
STRZ
$437M
| $657K | ﹤0.01% |
56,166
-2,485
| -4% | -$28.5K |
|
|
OLP
4653
One Liberty Properties
OLP
$530M
| $656K | ﹤0.01% |
+32,317
| New | +$668K |
|
4654
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.32B
| $656K | ﹤0.01% |
+5,520
| New | +$660K |
|
|
ISBA
4655
Isabella Bank
ISBA
$303M
| $655K | ﹤0.01% |
+13,105
| New | +$554K |
|
4656
Valens Semiconductor
VLN
$170M
| $655K | ﹤0.01% |
461,404
+363,951
| +373% | +$600K |
|
4657
CALL
Lemonade
LMND
$3.74B
| $655K | ﹤0.01% |
9,200
-2,400
| -21% | -$161K |
|
4658
PUT
IQVIA
IQV
$38.7B
| $654K | ﹤0.01% |
2,900
-29,100
| -91% | -$6.33M |
|
4659
National CineMedia
NCMI
$376M
| $651K | ﹤0.01% |
167,400
-44,104
| -21% | -$183K |
|
|
GRMN
4660
CALL
Garmin
GRMN
$56.7B
| $649K | ﹤0.01% |
3,200
-15,700
| -83% | -$3.41M |
|
|
FRMM
4661
Forum Markets
FRMM
$68.2M
| $648K | ﹤0.01% |
132,162
+80,212
| +154% | +$1.13M |
|
4662
CALL
DaVita
DVA
$15.4B
| $648K | ﹤0.01% |
5,700
-6,500
| -53% | -$790K |
|
4663
Purple Innovation
PRPL
$35.3M
| $647K | ﹤0.01% |
37,508
-3,240
| -8% | -$64.7K |
|
4664
PUT
BellRing Brands
BRBR
$1.44B
| $647K | ﹤0.01% |
24,200
-11,100
| -31% | -$345K |
|
4665
USCB Financial Holdings
USCB
$406M
| $646K | ﹤0.01% |
35,059
-8,809
| -20% | -$157K |
|
4666
PUT
PureCycle Technologies
PCT
$1.28B
| $644K | ﹤0.01% |
+75,000
| New | +$796K |
|
|
NOAH
4667
Noah Holdings
NOAH
$580M
| $644K | ﹤0.01% |
64,150
+13,962
| +28% | +$152K |
|
4668
CALL
Iovance Biotherapeutics
IOVA
$1.82B
| $643K | ﹤0.01% |
+235,500
| New | +$545K |
|
4669
FVCBankcorp
FVCB
$335M
| $643K | ﹤0.01% |
46,211
-26,357
| -36% | -$337K |
|
4670
Digital Turbine
APPS
$975M
| $643K | ﹤0.01% |
+128,540
| New | +$727K |
|
4671
Amplify Energy
AMPY
$161M
| $641K | ﹤0.01% |
140,262
-234,723
| -63% | -$1.17M |
|
4672
Sensient Technologies
SXT
$5.26B
| $640K | ﹤0.01% |
+6,815
| New | +$643K |
|
4673
CALL
Golar LNG
GLNG
$5B
| $640K | ﹤0.01% |
17,200
-1,400
| -8% | -$53.5K |
|
4674
Enpro
NPO
$6.63B
| $640K | ﹤0.01% |
+2,987
| New | +$661K |
|
4675
FS Bancorp
FSBW
$319M
| $640K | ﹤0.01% |
15,535
-7,109
| -31% | -$285K |
|
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.