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 | |
|---|---|---|---|---|---|---|
451
Corteva
CTVA
$60.5B
| $94M | 0.04% |
1,402,018
-334,737
| -19% | -$21.6M |
|
452
Tower Semiconductor
TSEM
$21.2B
| $93.9M | 0.04% |
799,272
+268,039
| +50% | +$25.8M |
|
453
Valley National Bancorp
VLY
$7.9B
| $93.4M | 0.04% |
7,999,391
-1,576,717
| -16% | -$17.5M |
|
454
Rubrik
RBRK
$14.8B
| $93.1M | 0.04% |
1,216,854
+335,265
| +38% | +$25.7M |
|
455
PUT
Synopsys
SNPS
$71.6B
| $92.9M | 0.04% |
197,800
+82,700
| +72% | +$36.7M |
|
456
HEICO Corp Class A
HEI.A
$36B
| $92.9M | 0.04% |
367,965
+123,482
| +51% | +$30.5M |
|
|
EXE
457
Expand Energy Corp
EXE
$22.1B
| $92.8M | 0.04% |
841,337
+154,478
| +22% | +$17.1M |
|
458
PUT
TotalEnergies
TTE
$193B
| $92.6M | 0.04% |
1,646,700
+1,594,300
| +3,043% | +$101M |
|
459
Colgate-Palmolive
CL
$74.8B
| $91.8M | 0.04% |
1,162,341
+357,373
| +44% | +$28M |
|
460
United Airlines
UAL
$38.8B
| $91.3M | 0.04% |
816,329
+200,855
| +33% | +$20.3M |
|
|
CFLT
461
DELISTED
Confluent
CFLT
| $91M | 0.04% |
3,010,344
-966,882
| -24% | -$23.7M |
|
462
American Tower
AMT
$83.5B
| $90.7M | 0.04% |
516,661
+233,773
| +83% | +$42.5M |
|
463
Roper Technologies
ROP
$40.4B
| $90.7M | 0.04% |
203,660
+88,626
| +77% | +$41M |
|
464
Revvity
RVTY
$12.6B
| $90.6M | 0.04% |
936,468
+846,844
| +945% | +$81.3M |
|
465
Kinder Morgan
KMI
$70.9B
| $90.4M | 0.04% |
3,289,473
+2,689,966
| +449% | +$72.7M |
|
466
Lennox International
LII
$15B
| $90M | 0.04% |
185,447
+136,025
| +275% | +$68.1M |
|
467
PUT
Walt Disney
DIS
$171B
| $89.7M | 0.04% |
788,200
-605,300
| -43% | -$66.7M |
|
|
BLTE
468
Belite Bio
BLTE
$6.11B
| $89.4M | 0.04% |
558,882
+538,141
| +2,595% | +$63.7M |
|
469
Target
TGT
$66.3B
| $88.7M | 0.04% |
907,145
-269,244
| -23% | -$24.8M |
|
470
PUT
Canadian Imperial Bank of Commerce
CM
$106B
| $88.7M | 0.04% |
712,500
+100,000
| +16% | +$8.58M |
|
471
iShares 20+ Year Treasury Bond ETF
TLT
$42.4B
| $88.6M | 0.04% |
1,015,956
+98,970
| +11% | +$8.85M |
|
472
American Airlines Group
AAL
$9.82B
| $88.5M | 0.04% |
5,772,476
+1,018,542
| +21% | +$13.7M |
|
473
Ralph Lauren
RL
$22.4B
| $88.3M | 0.04% |
249,637
+12,527
| +5% | +$4.27M |
|
|
SOLS
474
Solstice Advanced Materials
SOLS
$8.84B
| $87.8M | 0.04% |
+1,807,366
| New | +$85.1M |
|
475
HealthEquity
HQY
$8.71B
| $87.2M | 0.04% |
951,563
+573,283
| +152% | +$54.9M |
|
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.