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 | |
|---|---|---|---|---|---|---|
5176
PAR Technology
PAR
$695M
| $284K | ﹤0.01% |
7,818
-22,857
| -75% | -$825K |
|
|
URG
5177
Ur-Energy
URG
$497M
| $283K | ﹤0.01% |
203,634
-734,307
| -78% | -$1.09M |
|
5178
PUT
Edison International
EIX
$30.3B
| $282K | ﹤0.01% |
+4,700
| New | +$270K |
|
5179
Harrow
HROW
$1.45B
| $282K | ﹤0.01% |
+5,751
| New | +$241K |
|
|
LIF
5180
Life360
LIF
$4.51B
| $281K | ﹤0.01% |
4,388
-39,308
| -90% | -$3.27M |
|
5181
Scholastic
SCHL
$789M
| $281K | ﹤0.01% |
9,467
-48,537
| -84% | -$1.39M |
|
5182
Telefônica Brasil
VIV
$20.6B
| $280K | ﹤0.01% |
23,619
-368,613
| -94% | -$4.57M |
|
5183
Waterstone Financial
WSBF
$370M
| $279K | ﹤0.01% |
16,886
-10,768
| -39% | -$169K |
|
5184
Nuveen Multi-Asset Income Fund
NMAI
$461M
| $279K | ﹤0.01% |
21,409
-3,000
| -12% | -$39.1K |
|
5185
PUT
Mettler-Toledo International
MTD
$27.9B
| $279K | ﹤0.01% |
+200
| New | +$279K |
|
5186
Contango Silver & Gold Inc
CTGO
$543M
| $279K | ﹤0.01% |
10,555
-50,805
| -83% | -$1.24M |
|
5187
PUT
ReNew
RNW
$2.25B
| $279K | ﹤0.01% |
+49,300
| New | +$356K |
|
|
NVX
5188
NOVONIX
NVX
$99.7M
| $278K | ﹤0.01% |
275,422
-278,142
| -50% | -$395K |
|
5189
Duos Technologies
DUOT
$256M
| $278K | ﹤0.01% |
+24,705
| New | +$232K |
|
5190
Stevanato
STVN
$5.51B
| $278K | ﹤0.01% |
+13,796
| New | +$321K |
|
|
RVPH
5191
CALL
DELISTED
REVIVA PHARMA HLDGS INC
RVPH
| $277K | ﹤0.01% |
+49,710
| New | +$553K |
|
5192
iShares MSCI USA Min Vol Factor ETF
USMV
$23.5B
| $277K | ﹤0.01% |
+2,943
| New | +$277K |
|
5193
CALL
PBF Energy
PBF
$8.67B
| $277K | ﹤0.01% |
10,200
+500
| +5% | +$16K |
|
|
NBXG
5194
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.15B
| $276K | ﹤0.01% |
19,145
| – | – |
|
5195
PUT
Casey's General Stores
CASY
$32.1B
| $276K | ﹤0.01% |
500
-800
| -62% | -$440K |
|
5196
Calumet Specialty Products
CLMT
$3.81B
| $276K | ﹤0.01% |
13,902
-21,256
| -60% | -$409K |
|
|
CRESY
5197
Cresud
CRESY
$823M
| $276K | ﹤0.01% |
21,832
-17,875
| -45% | -$198K |
|
5198
PUT
Dropbox
DBX
$7.49B
| $275K | ﹤0.01% |
9,900
-800
| -7% | -$23.3K |
|
|
CCIXW
5199
CALL
DELISTED
Churchill Capital Corp IX Warrant
CCIXW
| $275K | ﹤0.01% |
310,678
-41,440
| -12% | -$38.3K |
|
5200
Rimini Street
RMNI
$454M
| $275K | ﹤0.01% |
70,834
+23,286
| +49% | +$96.6K |
|
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.