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 | |
|---|---|---|---|---|---|---|
4901
Carlyle Secured Lending
CGBD
$694M
| $450K | ﹤0.01% |
36,067
-55,185
| -60% | -$687K |
|
4902
PUT
Iovance Biotherapeutics
IOVA
$1.82B
| $450K | ﹤0.01% |
+165,000
| New | +$382K |
|
4903
CF Bankshares
CFBK
$234M
| $449K | ﹤0.01% |
18,005
-1,219
| -6% | -$29.1K |
|
4904
Meridian
MRBK
$234M
| $449K | ﹤0.01% |
25,530
+2,051
| +9% | +$32K |
|
4905
CALL
Sharplink Inc
SBET
$1.29B
| $447K | ﹤0.01% |
50,000
-248,900
| -83% | -$3.04M |
|
4906
PUT
New Oriental
EDU
$9.37B
| $446K | ﹤0.01% |
8,100
| – | – |
|
|
AHRT
4907
AH Realty Trust
AHRT
$529M
| $446K | ﹤0.01% |
67,311
+17,336
| +35% | +$114K |
|
4908
CALL
Ecopetrol
EC
$34.5B
| $445K | ﹤0.01% |
44,400
| – | – |
|
4909
CALL
Antero Midstream
AM
$10.4B
| $445K | ﹤0.01% |
25,000
| – | – |
|
|
4910
PUT
Antero Midstream
AM
$10.4B
| $445K | ﹤0.01% |
25,000
| – | – |
|
|
ADAM
4911
Adamas Trust
ADAM
$815M
| $443K | ﹤0.01% |
60,728
-90,393
| -60% | -$642K |
|
|
BLFY
4912
DELISTED
Blue Foundry Bancorp
BLFY
| $443K | ﹤0.01% |
35,606
-42,789
| -55% | -$427K |
|
4913
Bioventus
BVS
$892M
| $442K | ﹤0.01% |
59,422
+17,533
| +42% | +$126K |
|
4914
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.5B
| $440K | ﹤0.01% |
13,013
-23,509
| -64% | -$796K |
|
|
AISPW
4915
CALL
Airship AI Holdings Warrants
AISPW
$12.5M
| $439K | ﹤0.01% |
548,250
| – | – |
|
4916
Prelude Therapeutics
PRLD
$366M
| $438K | ﹤0.01% |
150,997
-996,047
| -87% | -$1.68M |
|
4917
Ranger Energy Services
RNGR
$376M
| $438K | ﹤0.01% |
31,308
-26,090
| -45% | -$354K |
|
|
EDD
4918
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$375M
| $437K | ﹤0.01% |
80,480
-55,520
| -41% | -$301K |
|
|
HTB
4919
HomeTrust Bancshares
HTB
$860M
| $437K | ﹤0.01% |
10,177
-2,953
| -22% | -$122K |
|
|
XMAX
4920
XMAX Inc
XMAX
$548M
| $437K | ﹤0.01% |
+72,798
| New | +$410K |
|
4921
MarineMax
HZO
$759M
| $435K | ﹤0.01% |
+17,970
| New | +$443K |
|
|
KLC
4922
KinderCare Learning Companies
KLC
$634M
| $435K | ﹤0.01% |
100,782
+68,253
| +210% | +$344K |
|
|
WYFI
4923
WhiteFiber Inc
WYFI
$915M
| $433K | ﹤0.01% |
27,430
-27,354
| -50% | -$676K |
|
4924
BioAtla
BCAB
$5.46M
| $433K | ﹤0.01% |
15,248
+8,422
| +123% | +$330K |
|
4925
CALL
Amprius Technologies Warrants
AMPX.WS
$395M
| $432K | ﹤0.01% |
168,213
-231,787
| -58% | -$1.05M |
|
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.