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 | |
|---|---|---|---|---|---|---|
5201
PUT
PENN Entertainment
PENN
$2.75B
| $274K | ﹤0.01% |
18,600
-257,700
| -93% | -$4.02M |
|
5202
West Bancorporation
WTBA
$473M
| $274K | ﹤0.01% |
12,348
-10,423
| -46% | -$225K |
|
5203
CALL
Solid Power Inc Warrant
SLDPW
$10.9M
| $273K | ﹤0.01% |
385,868
| – | – |
|
|
SNCR
5204
DELISTED
Synchronoss Technologies
SNCR
| $271K | ﹤0.01% |
+31,623
| New | +$195K |
|
5205
Edgewell Personal Care
EPC
$1.26B
| $270K | ﹤0.01% |
15,845
-43,651
| -73% | -$807K |
|
5206
iShares MSCI Hong Kong ETF
EWH
$1.25B
| $270K | ﹤0.01% |
12,686
-7,197
| -36% | -$157K |
|
5207
PUT
International Flavors & Fragrances
IFF
$20.3B
| $270K | ﹤0.01% |
4,000
-2,000
| -33% | -$129K |
|
5208
Rackspace Technology
RXT
$1.07B
| $269K | ﹤0.01% |
276,759
-382,822
| -58% | -$482K |
|
5209
The Ensign Group
ENSG
$10.4B
| $268K | ﹤0.01% |
+1,536
| New | +$276K |
|
5210
PUT
Infosys
INFY
$48.4B
| $267K | ﹤0.01% |
15,000
| – | – |
|
|
SY
5211
So-Young International
SY
$184M
| $267K | ﹤0.01% |
104,330
+72,438
| +227% | +$235K |
|
|
RC
5212
CALL
Ready Capital
RC
$261M
| $266K | ﹤0.01% |
122,100
-6,000
| -5% | -$16.8K |
|
|
PRTC
5213
DELISTED
PureTech Health
PRTC
| $266K | ﹤0.01% |
15,435
-2,406
| -13% | -$41.3K |
|
5214
PUT
Credit Acceptance
CACC
$5.81B
| $266K | ﹤0.01% |
600
-10,000
| -94% | -$4.64M |
|
5215
CALL
Asana
ASAN
$1.83B
| $266K | ﹤0.01% |
19,400
-13,900
| -42% | -$191K |
|
5216
PUT
Vail Resorts
MTN
$5.45B
| $266K | ﹤0.01% |
2,000
-10,000
| -83% | -$1.47M |
|
|
TRUE
5217
DELISTED
TrueCar
TRUE
| $265K | ﹤0.01% |
117,129
-359,971
| -75% | -$772K |
|
5218
Community Health Systems
CYH
$391M
| $263K | ﹤0.01% |
+84,216
| New | +$283K |
|
5219
John Marshall Bancorp
JMSB
$326M
| $262K | ﹤0.01% |
13,117
-7,550
| -37% | -$149K |
|
5220
Arq
ARQ
$88.4M
| $262K | ﹤0.01% |
80,093
-51,771
| -39% | -$253K |
|
5221
Amplify Alternative Harvest ETF
MJ
$101M
| $260K | ﹤0.01% |
8,728
-25,230
| -74% | -$800K |
|
5222
Outlook Therapeutics
OTLK
$194M
| $260K | ﹤0.01% |
164,498
-30,085
| -15% | -$48.1K |
|
5223
Navigator Holdings
NVGS
$1.37B
| $259K | ﹤0.01% |
+14,938
| New | +$250K |
|
|
BWIN
5224
Baldwin Insurance Group
BWIN
$2.6B
| $258K | ﹤0.01% |
10,752
-45,366
| -81% | -$1.16M |
|
5225
CALL
Gold Royalty Corp Warrants
GROY.WS
$148M
| $258K | ﹤0.01% |
+130,488
| New | +$233K |
|
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.