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 | |
|---|---|---|---|---|---|---|
|
MOMO
5551
Hello Group
MOMO
$867M
| $75.7K | ﹤0.01% |
11,553
-30,009
| -72% | -$207K |
|
|
MTLS
5552
Materialise
MTLS
$366M
| $74.6K | ﹤0.01% |
+13,443
| New | +$79.6K |
|
5553
Horizon Technology Finance
HRZN
$294M
| $74.5K | ﹤0.01% |
11,551
-168,648
| -94% | -$1.08M |
|
|
PMTRW
5554
CALL
Perimeter Acquisition Corp I Warrant
PMTRW
| $74.3K | ﹤0.01% |
105,000
-348,106
| -77% | -$291K |
|
|
LWACW
5555
CALL
LightWave Acquisition Corp Warrants
LWACW
| $74.3K | ﹤0.01% |
+275,000
| New | +$74.1K |
|
5556
Surf Air Mobility
SRFM
$78M
| $73.9K | ﹤0.01% |
38,099
-450,173
| -92% | -$1.44M |
|
5557
Children's Place
PLCE
$53.8M
| $73.5K | ﹤0.01% |
18,474
-6,034
| -25% | -$43.2K |
|
5558
DLH Holdings
DLHC
$78.3M
| $73.4K | ﹤0.01% |
12,986
-6,139
| -32% | -$35.7K |
|
5559
BlackRock TCP Capital
TCPC
$278M
| $73.3K | ﹤0.01% |
+13,404
| New | +$77.2K |
|
5560
AdvisorShares Pure US Cannabis ETF
MSOS
$814M
| $72.5K | ﹤0.01% |
+15,366
| New | +$68.5K |
|
5561
Quantum Corp
QMCO
$411M
| $72.5K | ﹤0.01% |
+11,244
| New | +$101K |
|
|
PACHW
5562
CALL
Pioneer Acquisition I Corp Warrants
PACHW
$2.78M
| $72.3K | ﹤0.01% |
278,000
-14,500
| -5% | -$3.77K |
|
5563
Champions Oncology
CSBR
$75.9M
| $70.5K | ﹤0.01% |
10,203
-2,432
| -19% | -$16.2K |
|
5564
Cemtrex
CETX
$4.32M
| $70.3K | ﹤0.01% |
+2,714
| New | +$111K |
|
5565
Clarus
CLAR
$125M
| $70.2K | ﹤0.01% |
+20,951
| New | +$71.3K |
|
|
NOTE
5566
DELISTED
FiscalNote
NOTE
| $70.2K | ﹤0.01% |
47,722
-22,040
| -32% | -$67K |
|
|
EARN
5567
Ellington Residential Mortgage REIT
EARN
$166M
| $70K | ﹤0.01% |
13,284
-23,727
| -64% | -$124K |
|
|
IBO
5568
Impact BioMedical
IBO
$46M
| $69.6K | ﹤0.01% |
+137,823
| New | +$72.9K |
|
|
HODO
5569
House of Doge
HODO
$62.4M
| $69.1K | ﹤0.01% |
+21,590
| New | +$180K |
|
5570
HighPeak Energy
HPK
$838M
| $68.6K | ﹤0.01% |
+14,481
| New | +$87K |
|
|
GIWWR
5571
GigCapital8 Rights
GIWWR
| $68.2K | ﹤0.01% |
+220,000
| New | +$81.8K |
|
|
CNCKW
5572
CALL
Coincheck Group Warrant expiring 12/10/2029
CNCKW
$1.12M
| $67.9K | ﹤0.01% |
169,823
| – | – |
|
5573
CALL
Bridger Aerospace Warrant
BAERW
$13.4M
| $66.8K | ﹤0.01% |
334,890
| – | – |
|
|
XRPNW
5574
CALL
Armada Acquisition Corp II Warrant
XRPNW
$8.74M
| $66.8K | ﹤0.01% |
75,000
-70,400
| -48% | -$66.9K |
|
5575
Drilling Tools International
DTI
$80.5M
| $65.9K | ﹤0.01% |
26,897
-20,666
| -43% | -$49.7K |
|
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.