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 | |
|---|---|---|---|---|---|---|
|
BEAGU
4826
Bold Eagle Acquisition Corp Units
BEAGU
| $500K | ﹤0.01% |
47,126
-10,726
| -19% | -$117K |
|
4827
PIMCO Dynamic Income Fund
PDI
$7.39B
| $499K | ﹤0.01% |
+28,201
| New | +$517K |
|
4828
Pliant Therapeutics
PLRX
$64.4M
| $499K | ﹤0.01% |
408,831
-128,506
| -24% | -$193K |
|
4829
Tilly's
TLYS
$116M
| $497K | ﹤0.01% |
249,768
-32,718
| -12% | -$53.6K |
|
4830
CION Investment
CION
$297M
| $497K | ﹤0.01% |
51,374
+36,678
| +250% | +$354K |
|
4831
Baxter International
BAX
$13.5B
| $497K | ﹤0.01% |
25,987
+10,872
| +72% | +$218K |
|
4832
Stem
STEM
$48.4M
| $496K | ﹤0.01% |
32,967
-8,802
| -21% | -$169K |
|
4833
Golar LNG
GLNG
$5B
| $495K | ﹤0.01% |
13,291
-479
| -3% | -$18.3K |
|
4834
PUT
Ball Corp
BALL
$17.3B
| $493K | ﹤0.01% |
9,300
-2,200
| -19% | -$108K |
|
|
ONTF
4835
DELISTED
ON24
ONTF
| $492K | ﹤0.01% |
61,762
+31,089
| +101% | +$176K |
|
|
AGNT
4836
CALL
AGNT Inc
AGNT
$666M
| $491K | ﹤0.01% |
54,300
-800
| -1% | -$8.45K |
|
|
CYBR
4837
PUT
DELISTED
CyberArk
CYBR
| $491K | ﹤0.01% |
1,100
-2,700
| -71% | -$1.3M |
|
4838
PUT
Ambarella
AMBA
$3.77B
| $489K | ﹤0.01% |
6,900
-4,700
| -41% | -$380K |
|
4839
VirTra
VTSI
$34.9M
| $488K | ﹤0.01% |
116,199
-7,228
| -6% | -$37.8K |
|
4840
CALL
Leidos
LDOS
$14.5B
| $487K | ﹤0.01% |
2,700
-10,300
| -79% | -$1.95M |
|
4841
Perma-Fix Environmental Services
PESI
$352M
| $486K | ﹤0.01% |
+38,617
| New | +$492K |
|
4842
MetroCity Bankshares
MCBS
$1.01B
| $486K | ﹤0.01% |
18,319
+80
| +0.4% | +$2.13K |
|
4843
Star Holdings Shares of Beneficial Interest
STHO
$113M
| $486K | ﹤0.01% |
59,025
-41,272
| -41% | -$316K |
|
4844
PUT
Carlyle Group
CG
$16.6B
| $485K | ﹤0.01% |
8,200
-19,400
| -70% | -$1.1M |
|
|
KRSP
4845
Rice Acquisition Corporation 3
KRSP
$484M
| $484K | ﹤0.01% |
+47,250
| New | +$490K |
|
4846
RLX Technology
RLX
$2.47B
| $484K | ﹤0.01% |
207,609
+28,052
| +16% | +$67.2K |
|
4847
CALL
Franklin Resources
BEN
$17.6B
| $483K | ﹤0.01% |
20,200
-18,800
| -48% | -$432K |
|
|
4848
PUT
Franklin Resources
BEN
$17.6B
| $483K | ﹤0.01% |
20,200
-330,100
| -94% | -$7.58M |
|
4849
Hyliion Holdings
HYLN
$635M
| $482K | ﹤0.01% |
262,215
-5,781,581
| -96% | -$11.6M |
|
|
BRCB
4850
Black Rock Coffee Bar Inc
BRCB
$174M
| $482K | ﹤0.01% |
21,672
-293,411
| -93% | -$6.81M |
|
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.