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 | |
|---|---|---|---|---|---|---|
5376
374Water
SCWO
$39.2M
| $181K | ﹤0.01% |
88,658
-19,742
| -18% | -$66.8K |
|
|
VCICW
5377
CALL
DELISTED
Vine Hill Capital Investment Corp Warrant
VCICW
| $180K | ﹤0.01% |
100,000
| – | – |
|
|
YALA
5378
Yalla Group
YALA
$817M
| $178K | ﹤0.01% |
25,718
-397,818
| -94% | -$2.85M |
|
5379
Prime Medicine
PRME
$545M
| $178K | ﹤0.01% |
51,335
-1,367,128
| -96% | -$6.08M |
|
5380
Perion Network
PERI
$377M
| $178K | ﹤0.01% |
18,575
-68,630
| -79% | -$666K |
|
5381
Xponential Fitness
XPOF
$273M
| $178K | ﹤0.01% |
21,583
-25,764
| -54% | -$183K |
|
5382
CALL
Voyager Therapeutics
VYGR
$189M
| $176K | ﹤0.01% |
44,800
-5,500
| -11% | -$24.3K |
|
5383
Gevo
GEVO
$372M
| $176K | ﹤0.01% |
87,864
+14,679
| +20% | +$32.3K |
|
|
TBI
5384
Trueblue
TBI
$222M
| $175K | ﹤0.01% |
38,557
-129,084
| -77% | -$662K |
|
5385
Blend Labs
BLND
$424M
| $173K | ﹤0.01% |
56,812
-959,377
| -94% | -$3.06M |
|
|
GTENW
5386
CALL
Gores Holdings X Warrants
GTENW
$6.96M
| $173K | ﹤0.01% |
185,715
-247,000
| -57% | -$227K |
|
5387
AudioEye
AEYE
$72.8M
| $173K | ﹤0.01% |
+17,274
| New | +$222K |
|
|
HFRO
5388
Highland Opportunities and Income Fund
HFRO
$407M
| $173K | ﹤0.01% |
28,850
-6,867
| -19% | -$43K |
|
|
KREF
5389
KKR Real Estate Finance Trust
KREF
$453M
| $172K | ﹤0.01% |
20,968
-148,035
| -88% | -$1.25M |
|
5390
Quest Resource Holding
QRHC
$27.8M
| $172K | ﹤0.01% |
92,544
-14,329
| -13% | -$24.3K |
|
|
ABTC
5391
American Bitcoin Corp
ABTC
$431M
| $171K | ﹤0.01% |
6,723
-20,843
| -76% | -$1.3M |
|
|
MMU
5392
Western Asset Managed Municipals Fund
MMU
$550M
| $171K | ﹤0.01% |
16,388
| – | – |
|
5393
Q32 Bio
QTTB
$462M
| $170K | ﹤0.01% |
51,268
-53,504
| -51% | -$151K |
|
|
VENU
5394
Venu Holding Corp
VENU
$130M
| $170K | ﹤0.01% |
+20,141
| New | +$223K |
|
|
CRON
5395
Cronos Group
CRON
$1.08B
| $169K | ﹤0.01% |
64,469
-991,976
| -94% | -$2.57M |
|
|
WSBK
5396
Winchester Bancorp
WSBK
$117M
| $168K | ﹤0.01% |
16,082
-2,865
| -15% | -$27.9K |
|
|
LOKVW
5397
CALL
DELISTED
Live Oak Acquisition Corp V Warrants
LOKVW
| $168K | ﹤0.01% |
170,600
-225,000
| -57% | -$186K |
|
5398
Lucid Diagnostics
LUCD
$172M
| $168K | ﹤0.01% |
+153,918
| New | +$172K |
|
5399
Target Hospitality
TH
$1.44B
| $167K | ﹤0.01% |
+20,897
| New | +$159K |
|
|
BFZ
5400
DELISTED
BlackRock CA Municipal Income Trust
BFZ
| $167K | ﹤0.01% |
15,567
| – | – |
|
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.