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 | |
|---|---|---|---|---|---|---|
4926
CALL
JetBlue
JBLU
$2.28B
| $431K | ﹤0.01% |
94,700
-9,800
| -9% | -$44.7K |
|
4927
BlackRock Health Sciences Trust
BME
$562M
| $430K | ﹤0.01% |
+10,443
| New | +$412K |
|
4928
California Resources
CRC
$4.67B
| $429K | ﹤0.01% |
9,605
-263,953
| -96% | -$12.5M |
|
|
FFAI
4929
Faraday Future Intelligent Electric
FFAI
$15.2M
| $429K | ﹤0.01% |
2,802
-15,972
| -85% | -$2.97M |
|
4930
Vera Bradley
VRA
$97M
| $428K | ﹤0.01% |
176,983
-112,544
| -39% | -$261K |
|
|
AVR
4931
Anteris Technologies
AVR
$763M
| $427K | ﹤0.01% |
85,646
+15,266
| +22% | +$70K |
|
|
DYNC
4932
Dynamix Corp
DYNC
$240M
| $426K | ﹤0.01% |
41,389
-32,850
| -44% | -$341K |
|
4933
LiveOne
LVO
$61M
| $425K | ﹤0.01% |
90,118
-13,747
| -13% | -$65.1K |
|
4934
VanEck Morningstar Wide Moat ETF
MOAT
$11.9B
| $425K | ﹤0.01% |
+4,104
| New | +$419K |
|
|
CCRN
4935
DELISTED
Cross Country Healthcare
CCRN
| $425K | ﹤0.01% |
52,466
-10,721
| -17% | -$117K |
|
4936
iShares MSCI USA Value Factor ETF
VLUE
$9.17B
| $425K | ﹤0.01% |
+3,106
| New | +$407K |
|
|
USAR
4937
USA Rare Earth Inc
USAR
$3.66B
| $425K | ﹤0.01% |
35,679
-427,713
| -92% | -$8.15M |
|
4938
CALL
Boot Barn
BOOT
$4.51B
| $424K | ﹤0.01% |
2,400
-2,100
| -47% | -$392K |
|
4939
Medallion Financial
MFIN
$229M
| $423K | ﹤0.01% |
41,121
-2,407
| -6% | -$24.1K |
|
4940
Marten Transport
MRTN
$1.21B
| $421K | ﹤0.01% |
37,019
-96,095
| -72% | -$1.02M |
|
|
DEA
4941
Easterly Government Properties
DEA
$1.13B
| $421K | ﹤0.01% |
19,861
-16,934
| -46% | -$368K |
|
4942
SKYX Platforms
SKYX
$147M
| $418K | ﹤0.01% |
+192,728
| New | +$344K |
|
4943
MDxHealth
MDXH
$21.5M
| $417K | ﹤0.01% |
116,831
+89,553
| +328% | +$354K |
|
4944
iShares California Muni Bond ETF
CMF
$4.55B
| $416K | ﹤0.01% |
7,242
-2,239
| -24% | -$129K |
|
|
BEAGR
4945
Bold Eagle Acquisition Corp Right
BEAGR
| $416K | ﹤0.01% |
1,300,000
| – | – |
|
4946
Luxfer Holdings
LXFR
$456M
| $416K | ﹤0.01% |
+30,744
| New | +$400K |
|
4947
Gaotu Techedu
GOTU
$434M
| $415K | ﹤0.01% |
178,957
+53,037
| +42% | +$144K |
|
|
RWT
4948
Redwood Trust
RWT
$574M
| $415K | ﹤0.01% |
74,970
-149,547
| -67% | -$822K |
|
4949
PUT
Teladoc Health
TDOC
$1.22B
| $414K | ﹤0.01% |
59,200
-248,700
| -81% | -$1.95M |
|
4950
Standard Motor Products
SMP
$851M
| $414K | ﹤0.01% |
11,228
+1,867
| +20% | +$71.7K |
|
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.