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 | |
|---|---|---|---|---|---|---|
4701
CALL
Pultegroup
PHM
$24.1B
| $610K | ﹤0.01% |
5,200
-9,900
| -66% | -$1.21M |
|
4702
Shutterstock
SSTK
$198M
| $608K | ﹤0.01% |
31,856
+17,687
| +125% | +$378K |
|
4703
Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF
ASHS
$32.7M
| $608K | ﹤0.01% |
+15,693
| New | +$579K |
|
4704
Century Therapeutics
IPSC
$364M
| $607K | ﹤0.01% |
610,387
-133,394
| -18% | -$81.4K |
|
4705
Invesco S&P 500 Top 50 ETF
XLG
$10.6B
| $605K | ﹤0.01% |
+10,202
| New | +$600K |
|
4706
York Water
YORW
$502M
| $604K | ﹤0.01% |
18,983
-31,404
| -62% | -$1.01M |
|
4707
Endava
DAVA
$158M
| $604K | ﹤0.01% |
95,634
+4,342
| +5% | +$33.2K |
|
4708
Kopin
KOPN
$652M
| $604K | ﹤0.01% |
258,251
-228,188
| -47% | -$659K |
|
4709
PUT
Canadian Pacific Kansas City
CP
$78.1B
| $604K | ﹤0.01% |
8,200
-1,200
| -13% | -$88.3K |
|
4710
U-Haul Holding Co
UHAL
$13.9B
| $603K | ﹤0.01% |
11,971
-210,678
| -95% | -$11.2M |
|
4711
Alliance Entertainment
AENT
$276M
| $603K | ﹤0.01% |
74,612
-10,898
| -13% | -$74.1K |
|
4712
Ziff Davis
ZD
$1.96B
| $601K | ﹤0.01% |
17,093
-25,313
| -60% | -$883K |
|
4713
PCB Bancorp
PCB
$392M
| $601K | ﹤0.01% |
27,740
-27,832
| -50% | -$600K |
|
|
INVX
4714
Innovex International
INVX
$1.96B
| $600K | ﹤0.01% |
+27,440
| New | +$573K |
|
4715
SL Green Realty
SLG
$3.76B
| $599K | ﹤0.01% |
13,065
-195,136
| -94% | -$9.63M |
|
4716
PUT
Lithia Motors
LAD
$8.47B
| $598K | ﹤0.01% |
+1,800
| New | +$572K |
|
4717
B&G Foods
BGS
$287M
| $598K | ﹤0.01% |
139,010
-1,010,945
| -88% | -$4.52M |
|
4718
CALL
Public Storage
PSA
$60.5B
| $597K | ﹤0.01% |
+2,300
| New | +$644K |
|
|
GRAL
4719
GRAIL Inc
GRAL
$2.94B
| $597K | ﹤0.01% |
+6,973
| New | +$602K |
|
4720
CALL
Hormel Foods
HRL
$13.8B
| $593K | ﹤0.01% |
25,000
-5,000
| -17% | -$117K |
|
4721
PUT
Ollie's Bargain Outlet
OLLI
$4.44B
| $592K | ﹤0.01% |
5,400
| – | – |
|
4722
Owlet
OWLT
$149M
| $591K | ﹤0.01% |
+36,525
| New | +$414K |
|
4723
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.08B
| $591K | ﹤0.01% |
20,136
+5,890
| +41% | +$173K |
|
4724
Innodata
INOD
$2.05B
| $591K | ﹤0.01% |
+11,601
| New | +$757K |
|
4725
PUT
Semtech
SMTC
$11B
| $590K | ﹤0.01% |
8,000
-1,800
| -18% | -$128K |
|
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.