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 | |
|---|---|---|---|---|---|---|
5326
PUT
Noble Corp
NE
$6.62B
| $212K | ﹤0.01% |
7,500
-200
| -3% | -$5.91K |
|
5327
RGC Resources
RGCO
$224M
| $212K | ﹤0.01% |
+9,930
| New | +$216K |
|
|
AIFC
5328
AI Financial Corp
AIFC
$52.1M
| $211K | ﹤0.01% |
+192,148
| New | +$370K |
|
|
PROF
5329
Profound Medical
PROF
$263M
| $211K | ﹤0.01% |
+26,824
| New | +$172K |
|
5330
Quantum-Si Incorporated
QSI
$157M
| $211K | ﹤0.01% |
191,791
-2,478,168
| -93% | -$4.03M |
|
|
SII
5331
Sprott
SII
$2.75B
| $211K | ﹤0.01% |
2,154
-95,747
| -98% | -$8.49M |
|
5332
PUT
Alexandria Real Estate Equities
ARE
$9.15B
| $210K | ﹤0.01% |
4,300
-2,300
| -35% | -$135K |
|
|
DMIIR
5333
Drugs Made In America Acquisition II Corp Right
DMIIR
| $210K | ﹤0.01% |
+1,500,000
| New | +$214K |
|
5334
Prothena Corp
PRTA
$440M
| $210K | ﹤0.01% |
21,976
-599,123
| -96% | -$6.1M |
|
5335
PUT
United States Natural Gas Fund
UNG
$454M
| $210K | ﹤0.01% |
17,100
+3,300
| +24% | +$44.4K |
|
5336
PUT
Gold Fields
GFI
$30B
| $210K | ﹤0.01% |
4,800
| – | – |
|
5337
PUT
Insmed
INSM
$22B
| $209K | ﹤0.01% |
+1,200
| New | +$219K |
|
5338
State Street SPDR MSCI ACWI ex-US ETF
CWI
$2.79B
| $209K | ﹤0.01% |
+5,812
| New | +$206K |
|
5339
ICL Group
ICL
$6.69B
| $208K | ﹤0.01% |
+36,447
| New | +$211K |
|
5340
Century Casinos
CNTY
$33.2M
| $208K | ﹤0.01% |
156,460
-16,412
| -9% | -$29.3K |
|
5341
Agilysys
AGYS
$3.04B
| $208K | ﹤0.01% |
1,751
-116,110
| -99% | -$14M |
|
|
PAII.WS
5342
CALL
Pyrophyte Acquisition Corp II Warrants
PAII.WS
| $208K | ﹤0.01% |
520,000
+87,500
| +20% | +$34.9K |
|
|
BACCR
5343
Blue Acquisition Corp Right
BACCR
| $208K | ﹤0.01% |
641,000
-99,000
| -13% | -$26.4K |
|
|
OPFI.WS
5344
CALL
DELISTED
OppFi Inc Warrants
OPFI.WS
| $207K | ﹤0.01% |
135,150
| – | – |
|
|
PTN
5345
Palatin Technologies
PTN
$13.9M
| $206K | ﹤0.01% |
+13,415
| New | +$250K |
|
5346
CALL
Fidelity National Information Services
FIS
$23.8B
| $206K | ﹤0.01% |
3,100
-37,100
| -92% | -$2.45M |
|
|
GPGI
5347
GPGI Inc
GPGI
$3.9B
| $205K | ﹤0.01% |
10,611
-187,310
| -95% | -$3.74M |
|
5348
CALL
enGene Therapeutics Warrants
ENGNW
$3.64M
| $204K | ﹤0.01% |
69,000
| – | – |
|
|
PSTL
5349
Postal Realty Trust
PSTL
$694M
| $203K | ﹤0.01% |
12,564
-198,462
| -94% | -$3.05M |
|
5350
Surgery Partners
SGRY
$2.08B
| $203K | ﹤0.01% |
+13,112
| New | +$241K |
|
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.