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 | |
|---|---|---|---|---|---|---|
5101
XBiotech
XBIT
$68.3M
| $324K | ﹤0.01% |
135,438
-280,906
| -67% | -$693K |
|
5102
First Bancorp
FNLC
$394M
| $323K | ﹤0.01% |
12,232
+2,021
| +20% | +$52.1K |
|
5103
Columbia Financial
CLBK
$1.12B
| $322K | ﹤0.01% |
20,752
-25,586
| -55% | -$397K |
|
5104
Universal Logistics Holdings
ULH
$355M
| $322K | ﹤0.01% |
+21,219
| New | +$357K |
|
5105
Philips
PHG
$25.6B
| $322K | ﹤0.01% |
12,320
-340,656
| -97% | -$9.09M |
|
5106
PUT
Fluor
FLR
$7.01B
| $321K | ﹤0.01% |
8,100
-21,800
| -73% | -$964K |
|
5107
Addus HomeCare
ADUS
$2.17B
| $321K | ﹤0.01% |
2,989
-419,090
| -99% | -$48.1M |
|
|
CHA
5108
Chagee Holdings Ltd
CHA
$2.16B
| $320K | ﹤0.01% |
27,512
+12,747
| +86% | +$189K |
|
5109
State Street SPDR S&P 600 Small Cap Value ETF
SLYV
$4.89B
| $320K | ﹤0.01% |
3,517
-931
| -21% | -$83.7K |
|
5110
Globalstar
GSAT
$10.7B
| $318K | ﹤0.01% |
+5,213
| New | +$288K |
|
5111
CALL
Lloyds Banking Group
LYG
$89.5B
| $318K | ﹤0.01% |
+60,000
| New | +$291K |
|
5112
Glacier Bancorp
GBCI
$6.39B
| $318K | ﹤0.01% |
7,217
-460,396
| -98% | -$20.2M |
|
5113
Equity Bancshares
EQBK
$1.05B
| $318K | ﹤0.01% |
7,116
-29,082
| -80% | -$1.24M |
|
5114
Entravision Communication
EVC
$1.03B
| $318K | ﹤0.01% |
108,419
-65,587
| -38% | -$171K |
|
5115
Xperi
XPER
$365M
| $317K | ﹤0.01% |
54,090
+21,640
| +67% | +$136K |
|
5116
Evotec
EVO
$689M
| $317K | ﹤0.01% |
+102,851
| New | +$353K |
|
|
GBFH
5117
GBank Financial Holdings
GBFH
$308M
| $316K | ﹤0.01% |
+9,333
| New | +$342K |
|
5118
Distribution Solutions Group
DSGR
$1.6B
| $316K | ﹤0.01% |
11,522
+3,373
| +41% | +$94.9K |
|
|
USAR
5119
CALL
USA Rare Earth Inc
USAR
$3.62B
| $314K | ﹤0.01% |
+26,400
| New | +$503K |
|
5120
CALL
3D Systems Corp
DDD
$425M
| $314K | ﹤0.01% |
+177,300
| New | +$431K |
|
5121
MBIA
MBI
$261M
| $314K | ﹤0.01% |
43,823
+3,509
| +9% | +$25.4K |
|
5122
CALL
Copart
CPRT
$27B
| $313K | ﹤0.01% |
8,000
-16,000
| -67% | -$663K |
|
|
ASRT
5123
DELISTED
Assertio
ASRT
| $313K | ﹤0.01% |
34,478
-5,921
| -15% | -$69.1K |
|
5124
Oculis Holding
OCS
$677M
| $312K | ﹤0.01% |
+15,641
| New | +$313K |
|
5125
iRadimed
IRMD
$1.2B
| $311K | ﹤0.01% |
3,202
-94,982
| -97% | -$8.15M |
|
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.