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 | |
|---|---|---|---|---|---|---|
|
HTT
5226
High Templar Tech Ltd
HTT
$379M
| $258K | ﹤0.01% |
72,570
-28,779
| -28% | -$128K |
|
5227
CALL
Coursera
COUR
$1.51B
| $258K | ﹤0.01% |
35,000
-3,900
| -10% | -$34K |
|
5228
CALL
Omega Healthcare
OHI
$15.1B
| $257K | ﹤0.01% |
+5,800
| New | +$250K |
|
5229
iShares MSCI KLD 400 Social ETF
DSI
$5.23B
| $257K | ﹤0.01% |
+1,996
| New | +$255K |
|
5230
PUT
Tronox
TROX
$999M
| $256K | ﹤0.01% |
61,300
-48,700
| -44% | -$186K |
|
|
NOMA
5231
NOMADAR Corp
NOMA
$55.4M
| $255K | ﹤0.01% |
+57,021
| New | +$440K |
|
|
JKS
5232
JinkoSolar
JKS
$777M
| $254K | ﹤0.01% |
9,840
-63,626
| -87% | -$1.62M |
|
|
RTACU
5233
Renatus Tactical Acquisition Corp I Unit
RTACU
$187M
| $253K | ﹤0.01% |
22,860
| – | – |
|
|
FBLA
5234
FB Bancorp
FBLA
$248M
| $252K | ﹤0.01% |
19,649
-5,800
| -23% | -$72K |
|
|
BTQ
5235
BTQ Technologies Corp
BTQ
$510M
| $252K | ﹤0.01% |
49,270
-328,756
| -87% | -$2.5M |
|
|
OTLY
5236
Oatly Group
OTLY
$460M
| $252K | ﹤0.01% |
+23,597
| New | +$313K |
|
5237
Janus International
JBI
$694M
| $252K | ﹤0.01% |
38,459
-655,503
| -94% | -$5.11M |
|
5238
Anika Therapeutics
ANIK
$242M
| $251K | ﹤0.01% |
26,154
-60,720
| -70% | -$582K |
|
|
ISPO
5239
DELISTED
Inspirato
ISPO
| $251K | ﹤0.01% |
+60,246
| New | +$178K |
|
|
THQ
5240
abrdn Healthcare Opportunities Fund
THQ
$781M
| $251K | ﹤0.01% |
13,132
-42,604
| -76% | -$782K |
|
|
CWBC
5241
Community West Bancshares
CWBC
$682M
| $251K | ﹤0.01% |
+11,163
| New | +$245K |
|
5242
Superior Group of Companies
SGC
$192M
| $250K | ﹤0.01% |
+25,832
| New | +$252K |
|
5243
TriSalus Life Sciences
TLSI
$280M
| $249K | ﹤0.01% |
35,679
+67
| +0.2% | +$375 |
|
|
DPRO
5244
Draganfly
DPRO
$153M
| $249K | ﹤0.01% |
+36,022
| New | +$304K |
|
|
SDHIR
5245
Siddhi Acquisition Corp Right
SDHIR
| $249K | ﹤0.01% |
995,000
| – | – |
|
|
EFSI
5246
Eagle Financial Services Inc
EFSI
$222M
| $249K | ﹤0.01% |
6,250
-7,331
| -54% | -$274K |
|
5247
J. Jill
JILL
$265M
| $248K | ﹤0.01% |
18,097
-56,238
| -76% | -$850K |
|
5248
iShares Core MSCI EAFE ETF
IEFA
$192B
| $246K | ﹤0.01% |
2,755
+120
| +5% | +$10.6K |
|
5249
Vanguard Real Estate ETF
VNQ
$39.4B
| $246K | ﹤0.01% |
2,780
-49,763
| -95% | -$4.47M |
|
5250
LanzaTech
LNZA
$59.4M
| $245K | ﹤0.01% |
17,831
-1,943
| -10% | -$36.4K |
|
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.