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 | |
|---|---|---|---|---|---|---|
5426
Greenfire Resources
GFR
$794M
| $149K | ﹤0.01% |
31,199
-2,334
| -7% | -$11.1K |
|
|
PDM
5427
Piedmont Realty Trust
PDM
$1.25B
| $148K | ﹤0.01% |
17,797
-650,929
| -97% | -$5.43M |
|
|
RAC.WS
5428
CALL
Rithm Acquisition Corp Warrants
RAC.WS
| $148K | ﹤0.01% |
216,452
| – | – |
|
|
TLX
5429
Telix Pharmaceuticals
TLX
$3.41B
| $148K | ﹤0.01% |
19,733
-177,008
| -90% | -$1.7M |
|
5430
PUT
Sweetgreen
SG
$778M
| $147K | ﹤0.01% |
21,800
| – | – |
|
|
LNAI
5431
Lunai Bioworks
LNAI
$9.16M
| $147K | ﹤0.01% |
20,843
-4,486
| -18% | -$40.1K |
|
|
TVAIR
5432
Thayer Ventures Acquisition Corporation II Rights
TVAIR
| $147K | ﹤0.01% |
700,000
| – | – |
|
5433
NLI Holdings
NL
$290M
| $147K | ﹤0.01% |
26,841
-6,236
| -19% | -$35.6K |
|
5434
Townsquare Media
TSQ
$102M
| $146K | ﹤0.01% |
28,424
-58,286
| -67% | -$328K |
|
5435
Great Elm Group
GEG
$68.4M
| $146K | ﹤0.01% |
57,240
-7,080
| -11% | -$17.7K |
|
|
AGIG
5436
Abundia Global Impact Group
AGIG
$41.4M
| $144K | ﹤0.01% |
72,923
-53,880
| -42% | -$217K |
|
|
HVMCW
5437
CALL
Highview Merger Corp Warrants
HVMCW
$4.14M
| $144K | ﹤0.01% |
+532,500
| New | +$177K |
|
5438
Douglas Elliman
DOUG
$155M
| $143K | ﹤0.01% |
+60,212
| New | +$155K |
|
5439
Freightos
CRGO
$61M
| $143K | ﹤0.01% |
62,530
+31,819
| +104% | +$103K |
|
5440
Star Group
SGU
$412M
| $142K | ﹤0.01% |
12,034
-11,002
| -48% | -$130K |
|
|
VOXR
5441
Vox Royalty Corp
VOXR
$303M
| $141K | ﹤0.01% |
29,744
-141,794
| -83% | -$643K |
|
5442
SFL Corp
SFL
$1.64B
| $140K | ﹤0.01% |
17,978
-130,913
| -88% | -$1.01M |
|
5443
BlackRock Resources & Commodities Strategy Trust
BCX
$902M
| $140K | ﹤0.01% |
12,779
-13,430
| -51% | -$138K |
|
5444
System1
SST
$14.5M
| $139K | ﹤0.01% |
35,449
-3,112
| -8% | -$16.1K |
|
|
MTA
5445
Metalla Royalty & Streaming
MTA
$712M
| $138K | ﹤0.01% |
17,759
-5,450
| -23% | -$39.2K |
|
|
ATIIW
5446
CALL
Archimedes Tech SPAC Partners II Co Warrant
ATIIW
$18.8M
| $137K | ﹤0.01% |
249,950
| – | – |
|
5447
ReposiTrak
TRAK
$157M
| $137K | ﹤0.01% |
11,060
-11,702
| -51% | -$166K |
|
5448
Gray Television
GTN
$417M
| $137K | ﹤0.01% |
28,247
-469,940
| -94% | -$2.3M |
|
5449
XTI Aerospace
XTIA
$58.9M
| $137K | ﹤0.01% |
+110,170
| New | +$162K |
|
5450
BlackRock Credit Allocation Income Trust
BTZ
$935M
| $136K | ﹤0.01% |
+12,580
| New | +$138K |
|
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.