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 | |
|---|---|---|---|---|---|---|
|
KALV
5001
CALL
DELISTED
KalVista Pharmaceuticals
KALV
| $380K | ﹤0.01% |
23,500
+3,500
| +18% | +$46.4K |
|
5002
Paysign
PAYS
$501M
| $379K | ﹤0.01% |
73,658
-9,190
| -11% | -$49.6K |
|
|
HPP
5003
Hudson Pacific Properties
HPP
$747M
| $378K | ﹤0.01% |
34,908
-1,109,692
| -97% | -$16.5M |
|
|
TTRX
5004
Turn Therapeutics
TTRX
$249M
| $377K | ﹤0.01% |
+95,623
| New | +$399K |
|
|
AD
5005
Array Digital Infrastructure
AD
$3.01B
| $376K | ﹤0.01% |
7,019
+1,956
| +39% | +$96.5K |
|
5006
CALL
Ambarella
AMBA
$3.77B
| $375K | ﹤0.01% |
5,300
-7,600
| -59% | -$614K |
|
5007
Acadia Realty Trust
AKR
$3.09B
| $375K | ﹤0.01% |
18,253
-124,403
| -87% | -$2.48M |
|
5008
CALL
United States Oil Fund
USO
$2.15B
| $373K | ﹤0.01% |
5,400
+1,500
| +38% | +$106K |
|
5009
Bitdeer Technologies
BTDR
$2.56B
| $372K | ﹤0.01% |
33,211
-705,618
| -96% | -$11.4M |
|
|
REE
5010
DELISTED
REE Automotive
REE
| $371K | ﹤0.01% |
505,662
+41,763
| +9% | +$36.9K |
|
5011
Rocky Brands
RCKY
$366M
| $371K | ﹤0.01% |
12,655
-21,728
| -63% | -$639K |
|
5012
OneMain Financial
OMF
$7.23B
| $371K | ﹤0.01% |
5,492
-21,016
| -79% | -$1.28M |
|
5013
Compass Minerals
CMP
$1.23B
| $370K | ﹤0.01% |
18,834
-503,274
| -96% | -$9.31M |
|
5014
CALL
PENN Entertainment
PENN
$2.75B
| $369K | ﹤0.01% |
25,000
-5,700
| -19% | -$88.9K |
|
5015
Ennis
EBF
$552M
| $368K | ﹤0.01% |
20,453
-47,510
| -70% | -$828K |
|
5016
CALL
Clear Secure
YOU
$5.57B
| $368K | ﹤0.01% |
10,500
| – | – |
|
5017
Flywire
FLYW
$1.98B
| $367K | ﹤0.01% |
25,921
-46,757
| -64% | -$640K |
|
|
EDN
5018
Edenor
EDN
$1.17B
| $366K | ﹤0.01% |
+12,201
| New | +$340K |
|
5019
CALL
Ball Corp
BALL
$17.3B
| $365K | ﹤0.01% |
6,900
-4,700
| -41% | -$231K |
|
5020
Harvard Bioscience
HBIO
$27.5M
| $365K | ﹤0.01% |
54,607
-2,563
| -4% | -$15.2K |
|
5021
Financial Institutions
FISI
$816M
| $365K | ﹤0.01% |
11,695
-172,923
| -94% | -$5.09M |
|
|
PVLA
5022
Palvella Therapeutics
PVLA
$1.99B
| $364K | ﹤0.01% |
3,480
-23,394
| -87% | -$2M |
|
5023
WisdomTree US LargeCap Dividend Fund
DLN
$6.26B
| $362K | ﹤0.01% |
+4,105
| New | +$359K |
|
5024
PUT
Sphere Entertainment
SPHR
$5.13B
| $361K | ﹤0.01% |
+3,800
| New | +$290K |
|
5025
eHealth
EHTH
$42.2M
| $361K | ﹤0.01% |
+78,438
| New | +$346K |
|
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.