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 | |
|---|---|---|---|---|---|---|
5301
Red Cat Holdings
RCAT
$1.12B
| $223K | ﹤0.01% |
28,156
-70,578
| -71% | -$676K |
|
5302
Compass Diversified
CODI
$756M
| $223K | ﹤0.01% |
46,466
-1,110,675
| -96% | -$7.02M |
|
5303
Telomir Pharmaceuticals
TELO
$86M
| $222K | ﹤0.01% |
166,975
-55,429
| -25% | -$80K |
|
|
NYXH
5304
Nyxoah
NYXH
$141M
| $221K | ﹤0.01% |
48,060
-48,350
| -50% | -$249K |
|
5305
InspireMD
NSPR
$31.5M
| $221K | ﹤0.01% |
124,090
-23,333
| -16% | -$48.6K |
|
5306
Rani Therapeutics
RANI
$92.2M
| $220K | ﹤0.01% |
+163,300
| New | +$246K |
|
5307
BlackBerry
BB
$4.95B
| $220K | ﹤0.01% |
57,971
-969,833
| -94% | -$4.26M |
|
5308
CALL
United States Natural Gas Fund
UNG
$454M
| $219K | ﹤0.01% |
17,900
+900
| +5% | +$12.1K |
|
5309
Primoris Services
PRIM
$4.65B
| $219K | ﹤0.01% |
1,767
-178,476
| -99% | -$23.3M |
|
5310
Red Violet
RDVT
$964M
| $219K | ﹤0.01% |
3,847
-95,426
| -96% | -$5.18M |
|
5311
Carter Bankshares
CARE
$756M
| $219K | ﹤0.01% |
11,137
-5,461
| -33% | -$102K |
|
5312
Leslie's
LESL
$8.12M
| $219K | ﹤0.01% |
132,441
-26,866
| -17% | -$87.1K |
|
|
TACHW
5313
CALL
Titan Acquisition Corp Warrants
TACHW
$8M
| $218K | ﹤0.01% |
693,000
-35,000
| -5% | -$12.3K |
|
|
DYNCW
5314
CALL
Dynamix Corp Warrant
DYNCW
$1.33M
| $218K | ﹤0.01% |
106,364
| – | – |
|
5315
PUT
Harley-Davidson
HOG
$2.59B
| $217K | ﹤0.01% |
+10,600
| New | +$261K |
|
|
TBRG
5316
DELISTED
TruBridge
TBRG
| $217K | ﹤0.01% |
9,841
-2,748
| -22% | -$57.5K |
|
5317
Listed Funds Trust Roundhill Magnificent Seven ETF
MAGS
$3.86B
| $217K | ﹤0.01% |
+3,290
| New | +$217K |
|
5318
CALL
FMC
FMC
$1.48B
| $216K | ﹤0.01% |
15,600
-11,800
| -43% | -$225K |
|
|
BGB
5319
Blackstone Strategic Credit 2027 Term Fund
BGB
$499M
| $216K | ﹤0.01% |
+18,361
| New | +$217K |
|
5320
GigaCloud Technology
GCT
$1.57B
| $215K | ﹤0.01% |
5,468
-38,434
| -88% | -$1.27M |
|
5321
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.52B
| $214K | ﹤0.01% |
+5,820
| New | +$214K |
|
5322
Cibus
CBUS
$147M
| $214K | ﹤0.01% |
122,779
-24,712
| -17% | -$36.9K |
|
5323
Seer Inc
SEER
$113M
| $213K | ﹤0.01% |
116,497
-108,567
| -48% | -$221K |
|
5324
iShares MSCI Italy ETF
EWI
$1.01B
| $213K | ﹤0.01% |
+3,923
| New | +$206K |
|
5325
BlackRock Taxable Municipal Bond Trust
BBN
$976M
| $212K | ﹤0.01% |
+12,995
| New | +$219K |
|
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.