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 | |
|---|---|---|---|---|---|---|
|
MPLT
5251
MapLight Therapeutics
MPLT
$636M
| $245K | ﹤0.01% |
+13,945
| New | +$234K |
|
|
BBBY
5252
Bed Bath & Beyond
BBBY
$472M
| $245K | ﹤0.01% |
44,852
-884,585
| -95% | -$6.42M |
|
5253
First Trust Dorsey Wright Focus 5 ETF
FV
$3.63B
| $244K | ﹤0.01% |
+3,879
| New | +$240K |
|
5254
Wyndham Hotels & Resorts
WH
$5.65B
| $243K | ﹤0.01% |
3,217
-49,776
| -94% | -$3.75M |
|
5255
Titan International
TWI
$475M
| $243K | ﹤0.01% |
30,989
+892
| +3% | +$6.99K |
|
|
ORBS
5256
Eightco Holdings
ORBS
$236M
| $242K | ﹤0.01% |
+140,018
| New | +$657K |
|
5257
Ramaco Resources Class B
METCB
$431M
| $242K | ﹤0.01% |
21,153
+6,484
| +44% | +$88.7K |
|
5258
PUT
Invesco
IVZ
$13B
| $242K | ﹤0.01% |
9,200
-81,000
| -90% | -$1.98M |
|
5259
Vanguard ESG US Stock ETF
ESGV
$13.1B
| $241K | ﹤0.01% |
+1,995
| New | +$239K |
|
5260
PUT
Corteva
CTVA
$59.8B
| $241K | ﹤0.01% |
3,600
-5,300
| -60% | -$343K |
|
5261
Impinj
PI
$4.51B
| $240K | ﹤0.01% |
+1,377
| New | +$245K |
|
5262
CALL
Darden Restaurants
DRI
$23.7B
| $239K | ﹤0.01% |
1,300
-4,800
| -79% | -$875K |
|
5263
PUT
Joby Aviation
JOBY
$7.12B
| $239K | ﹤0.01% |
18,100
+1,600
| +10% | +$24.6K |
|
|
TWFG
5264
TWFG Inc
TWFG
$350M
| $238K | ﹤0.01% |
8,275
-14,536
| -64% | -$395K |
|
5265
BlackRock MuniHoldings Fund
MHD
$602M
| $238K | ﹤0.01% |
20,271
| – | – |
|
|
CBK
5266
Commercial Bancgroup
CBK
$468M
| $238K | ﹤0.01% |
+9,679
| New | +$238K |
|
5267
M-tron Industries
MPTI
$359M
| $237K | ﹤0.01% |
+4,445
| New | +$235K |
|
5268
iShares Intermediate Government/Credit Bond ETF
GVI
$3.78B
| $236K | ﹤0.01% |
+2,201
| New | +$237K |
|
|
ASGI
5269
abrdn Global Infrastructure Income Fund
ASGI
$753M
| $236K | ﹤0.01% |
+10,539
| New | +$226K |
|
5270
Sabre
SABR
$739M
| $235K | ﹤0.01% |
173,134
-4,075,406
| -96% | -$7.02M |
|
|
KEEL
5271
CALL
Keel Infrastructure Corp
KEEL
$2.45B
| $235K | ﹤0.01% |
+100,000
| New | +$342K |
|
|
HTO
5272
H2O America
HTO
$2.59B
| $235K | ﹤0.01% |
4,792
-129,306
| -96% | -$6.2M |
|
5273
iShares MSCI All Country Asia ex Japan ETF
AAXJ
$3.65B
| $235K | ﹤0.01% |
+2,520
| New | +$234K |
|
5274
ImmunityBio
IBRX
$7.8B
| $234K | ﹤0.01% |
118,428
+70,132
| +145% | +$159K |
|
5275
CALL
Yeti Holdings
YETI
$3.76B
| $234K | ﹤0.01% |
5,300
-102,200
| -95% | -$3.93M |
|
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.