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 | |
|---|---|---|---|---|---|---|
4976
CALL
International Flavors & Fragrances
IFF
$20.2B
| $398K | ﹤0.01% |
5,900
-6,400
| -52% | -$414K |
|
4977
Rogers Corp
ROG
$2.21B
| $397K | ﹤0.01% |
4,338
-83,856
| -95% | -$7.2M |
|
4978
Northern Technologies International Corp
NTIC
$76.2M
| $396K | ﹤0.01% |
50,623
-5,095
| -9% | -$39.1K |
|
4979
CALL
Entegris
ENTG
$18.1B
| $396K | ﹤0.01% |
4,700
-12,100
| -72% | -$1.05M |
|
|
RJET
4980
Republic Airways Holdings
RJET
$967M
| $395K | ﹤0.01% |
+21,483
| New | +$447K |
|
4981
PUT
AST SpaceMobile
ASTS
$17.6B
| $392K | ﹤0.01% |
5,400
-14,600
| -73% | -$1.04M |
|
4982
PUT
Kinross Gold
KGC
$27.4B
| $391K | ﹤0.01% |
13,900
| – | – |
|
4983
Methode Electronics
MEI
$496M
| $391K | ﹤0.01% |
58,885
-540
| -0.9% | -$3.83K |
|
|
NBTX
4984
Nanobiotix
NBTX
$1.95B
| $390K | ﹤0.01% |
+16,869
| New | +$369K |
|
4985
Winmark
WINA
$1.2B
| $390K | ﹤0.01% |
962
-14,587
| -94% | -$6.24M |
|
4986
PUT
Tidewater
TDW
$3.73B
| $389K | ﹤0.01% |
+7,700
| New | +$407K |
|
4987
Tejon Ranch
TRC
$457M
| $389K | ﹤0.01% |
+24,645
| New | +$393K |
|
4988
BayCom
BCML
$329M
| $388K | ﹤0.01% |
13,214
-1,692
| -11% | -$48.9K |
|
4989
iShares Global Healthcare ETF
IXJ
$4.07B
| $388K | ﹤0.01% |
3,986
-2,601
| -39% | -$246K |
|
|
DAAQU
4990
Digital Asset Acquisition Corp Units
DAAQU
| $388K | ﹤0.01% |
37,709
| – | – |
|
|
MMD
4991
MainStay MacKay DefinedTerm Municipal Opportunities Fund
MMD
$280M
| $388K | ﹤0.01% |
+26,081
| New | +$391K |
|
|
ALPS
4992
ALPS Group Inc
ALPS
$68.3M
| $387K | ﹤0.01% |
+445,555
| New | +$464K |
|
|
ELVA
4993
Electrovaya
ELVA
$407M
| $386K | ﹤0.01% |
48,879
+32,832
| +205% | +$198K |
|
4994
Magnite
MGNI
$2.76B
| $385K | ﹤0.01% |
23,744
-652,605
| -96% | -$10.8M |
|
4995
Runway Growth Finance
RWAY
$232M
| $385K | ﹤0.01% |
43,068
+20,047
| +87% | +$190K |
|
|
BZUN
4996
Baozun
BZUN
$167M
| $383K | ﹤0.01% |
144,052
+122,865
| +580% | +$386K |
|
4997
CALL
Zeta Global
ZETA
$5.38B
| $383K | ﹤0.01% |
18,800
-38,900
| -67% | -$727K |
|
4998
PUT
Shake Shack
SHAK
$2.53B
| $381K | ﹤0.01% |
4,700
-3,100
| -40% | -$273K |
|
4999
Metagenomi Therapeutics
MGX
$44.8M
| $381K | ﹤0.01% |
235,185
-75,507
| -24% | -$163K |
|
5000
America's Car Mart
CRMT
$26.6M
| $380K | ﹤0.01% |
15,053
-39,904
| -73% | -$960K |
|
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.