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 | |
|---|---|---|---|---|---|---|
|
JFIN
5151
Jiayin Group
JFIN
$114M
| $298K | ﹤0.01% |
51,404
+31,169
| +154% | +$263K |
|
5152
Adaptive Biotechnologies
ADPT
$3.6B
| $298K | ﹤0.01% |
18,357
-378,953
| -95% | -$6.18M |
|
5153
One Stop Systems
OSS
$298M
| $298K | ﹤0.01% |
41,510
+20,524
| +98% | +$121K |
|
|
OPENL
5154
CALL
Opendoor Technologies Inc Series A Warrants
OPENL
$5.93M
| $298K | ﹤0.01% |
+572,241
| New | +$489K |
|
5155
CALL
Avis
CAR
$4.88B
| $295K | ﹤0.01% |
2,300
-6,500
| -74% | -$907K |
|
5156
ALPS Clean Energy ETF
ACES
$109M
| $294K | ﹤0.01% |
9,082
-54,736
| -86% | -$1.85M |
|
5157
Parke Bancorp
PKBK
$396M
| $294K | ﹤0.01% |
11,752
-14,034
| -54% | -$316K |
|
5158
Cardlytics
CDLX
$21.8M
| $293K | ﹤0.01% |
25,474
-12,402
| -33% | -$192K |
|
5159
Acrivon Therapeutics
ACRV
$65.9M
| $293K | ﹤0.01% |
121,524
-63,710
| -34% | -$138K |
|
5160
CALL
United Microelectronic
UMC
$47.9B
| $292K | ﹤0.01% |
+37,200
| New | +$282K |
|
5161
Open Text
OTEX
$6.04B
| $292K | ﹤0.01% |
8,952
-51,955
| -85% | -$1.85M |
|
5162
Neogen
NEOG
$2.57B
| $290K | ﹤0.01% |
+41,497
| New | +$261K |
|
5163
CALL
Royal Bank of Canada
RY
$293B
| $290K | ﹤0.01% |
1,700
-61,700
| -97% | -$9.48M |
|
|
PEO
5164
Adams Natural Resources Fund
PEO
$742M
| $289K | ﹤0.01% |
13,310
| – | – |
|
5165
CALL
Magnite
MGNI
$2.72B
| $289K | ﹤0.01% |
17,800
-9,600
| -35% | -$159K |
|
5166
Riley Exploration Permian
REPX
$735M
| $288K | ﹤0.01% |
10,923
-6,684
| -38% | -$178K |
|
5167
Strive Inc
ASST
$928M
| $288K | ﹤0.01% |
19,495
-536,145
| -96% | -$12.8M |
|
5168
CALL
Novavax
NVAX
$1.2B
| $286K | ﹤0.01% |
42,500
| – | – |
|
5169
Amtech Systems
ASYS
$268M
| $285K | ﹤0.01% |
22,748
+10,802
| +90% | +$97.3K |
|
5170
Skye Bioscience
SKYE
$20.6M
| $285K | ﹤0.01% |
380,478
-21,897
| -5% | -$32K |
|
5171
CALL
Plains GP Holdings
PAGP
$5.18B
| $285K | ﹤0.01% |
14,900
-27,200
| -65% | -$490K |
|
5172
GSI Technology
GSIT
$211M
| $285K | ﹤0.01% |
+45,843
| New | +$327K |
|
5173
Banco Santander
SAN
$202B
| $285K | ﹤0.01% |
24,263
-18,123
| -43% | -$192K |
|
5174
Vanguard FTSE Emerging Markets ETF
VWO
$120B
| $285K | ﹤0.01% |
5,294
-13,355
| -72% | -$725K |
|
5175
CALL
SL Green Realty
SLG
$3.75B
| $284K | ﹤0.01% |
6,200
+2,200
| +55% | +$109K |
|
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.