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 | |
|---|---|---|---|---|---|---|
|
MLACR
5501
DELISTED
Mountain Lake Acquisition Corp Right
MLACR
| $108K | ﹤0.01% |
450,000
| – | – |
|
|
AXINR
5502
Axiom Intelligence Acquisition Corp 1 Right
AXINR
| $108K | ﹤0.01% |
513,750
+249,250
| +94% | +$55.4K |
|
5503
Perfect Corp
PERF
$197M
| $107K | ﹤0.01% |
+59,050
| New | +$110K |
|
5504
The Honest Company
HNST
$412M
| $106K | ﹤0.01% |
41,130
-842,943
| -95% | -$2.58M |
|
|
AMBR
5505
Amber International Holding Ltd
AMBR
$132M
| $106K | ﹤0.01% |
61,098
+31,932
| +109% | +$63.1K |
|
5506
Intellicheck
IDN
$75.1M
| $106K | ﹤0.01% |
+15,804
| New | +$89.2K |
|
|
APLT
5507
DELISTED
Applied Therapeutics
APLT
| $105K | ﹤0.01% |
1,051,846
-855,368
| -45% | -$544K |
|
5508
Polestar Automotive Holding ADS Class C-1
PSNYW
$336M
| $104K | ﹤0.01% |
16,350
| – | – |
|
5509
Acurx Pharmaceuticals
ACXP
$5.97M
| $103K | ﹤0.01% |
+41,427
| New | +$199K |
|
|
FGNX
5510
FG Nexus Inc
FGNX
$39.5M
| $100K | ﹤0.01% |
7,306
-1,213
| -14% | -$21.3K |
|
|
NVA
5511
Nova Minerals Corp
NVA
$167M
| $99.8K | ﹤0.01% |
+16,344
| New | +$127K |
|
5512
Puma Biotechnology
PBYI
$398M
| $98.9K | ﹤0.01% |
16,614
-89,019
| -84% | -$473K |
|
|
SOCAW
5513
CALL
Solarius Capital Acquisition Corp Warrant
SOCAW
$2.37M
| $98K | ﹤0.01% |
350,000
+75,000
| +27% | +$20.3K |
|
|
BCSS.WS
5514
CALL
Bain Capital GSS Investment Corp Warrants
BCSS.WS
| $97.9K | ﹤0.01% |
+150,000
| New | +$103K |
|
5515
CalciMedica
CALC
$11.7M
| $97.9K | ﹤0.01% |
14,855
-19,533
| -57% | -$76.2K |
|
|
MPT
5516
CALL
Medical Properties Trust
MPT
$2.84B
| $96.5K | ﹤0.01% |
+19,300
| New | +$100K |
|
|
IONR
5517
Ioneer
IONR
$248M
| $95.7K | ﹤0.01% |
+19,934
| New | +$97.8K |
|
5518
CI&T Inc
CINT
$423M
| $93.7K | ﹤0.01% |
23,029
-47,751
| -67% | -$217K |
|
5519
Microbot Medical
MBOT
$112M
| $93.6K | ﹤0.01% |
46,805
-37,977
| -45% | -$90K |
|
5520
Porch Group
PRCH
$1.35B
| $93.4K | ﹤0.01% |
10,231
-201,835
| -95% | -$2.43M |
|
5521
8x8 Inc
EGHT
$279M
| $93.3K | ﹤0.01% |
47,377
+29,060
| +159% | +$57.2K |
|
|
SVCCW
5522
CALL
Stellar V Capital Corp Warrant
SVCCW
| $90.7K | ﹤0.01% |
275,000
| – | – |
|
5523
Nano X Imaging
NNOX
$61.1M
| $90.7K | ﹤0.01% |
+32,389
| New | +$116K |
|
|
TRVG
5524
trivago
TRVG
$385M
| $90.3K | ﹤0.01% |
31,145
+9,603
| +45% | +$29.2K |
|
|
LHAI
5525
Linkhome Holdings
LHAI
$13.2M
| $90.3K | ﹤0.01% |
11,815
-17,773
| -60% | -$190K |
|
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.