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 | |
|---|---|---|---|---|---|---|
626
Leonardo DRS
DRS
$12.4B
| $64.4M | 0.03% |
1,887,797
+111,612
| +6% | +$4.12M |
|
627
Eldorado Gold
EGO
$8.33B
| $64.2M | 0.03% |
1,787,062
+1,484,503
| +491% | +$44.4M |
|
628
CALL
Freeport-McMoran
FCX
$86.2B
| $64.1M | 0.03% |
1,261,400
-1,211,500
| -49% | -$52.5M |
|
629
PUT
Arm
ARM
$240B
| $64M | 0.03% |
585,900
+335,500
| +134% | +$48.8M |
|
|
630
CALL
AbbVie
ABBV
$465B
| $64M | 0.03% |
280,100
-111,800
| -29% | -$25.5M |
|
631
Pultegroup
PHM
$25.2B
| $63.8M | 0.03% |
544,183
+98,655
| +22% | +$12.1M |
|
632
Public Storage
PSA
$61.5B
| $63.8M | 0.03% |
245,751
+38,010
| +18% | +$10.6M |
|
633
HCA Healthcare
HCA
$90.6B
| $63.8M | 0.03% |
136,555
+102,177
| +297% | +$47.4M |
|
634
Revolution Medicines
RVMD
$38.5B
| $63.7M | 0.03% |
800,118
+371,809
| +87% | +$24.4M |
|
635
CALL
Nucor
NUE
$58.3B
| $63.7M | 0.03% |
390,400
+342,800
| +720% | +$51.5M |
|
636
PUT
Arista Networks
ANET
$199B
| $63.6M | 0.03% |
485,100
-228,800
| -32% | -$31.5M |
|
637
NVR
NVR
$17.1B
| $63.5M | 0.03% |
8,712
+2,303
| +36% | +$17.2M |
|
|
CADE
638
DELISTED
Cadence Bank
CADE
| $63.1M | 0.03% |
1,472,333
+849,182
| +136% | +$33.6M |
|
639
CALL
General Motors
GM
$80.9B
| $63.1M | 0.03% |
775,600
-393,800
| -34% | -$27.8M |
|
640
Entergy
ETR
$50.3B
| $63.1M | 0.03% |
682,234
+539,695
| +379% | +$51.2M |
|
641
PUT
Nike
NKE
$64.1B
| $63M | 0.03% |
988,200
-104,000
| -10% | -$6.78M |
|
642
WIX.com
WIX
$2.56B
| $62.9M | 0.03% |
605,918
+114,925
| +23% | +$13.9M |
|
|
CNH
643
CNH Industrial
CNH
$13.3B
| $62.9M | 0.03% |
6,825,862
+4,395,896
| +181% | +$43.9M |
|
644
CMS Energy
CMS
$23B
| $62.9M | 0.03% |
899,709
+549,032
| +157% | +$39.9M |
|
645
Neurocrine Biosciences
NBIX
$18.2B
| $62.8M | 0.03% |
442,866
-534,344
| -55% | -$77.4M |
|
646
CALL
PayPal
PYPL
$50.3B
| $62.6M | 0.03% |
1,072,500
+120,400
| +13% | +$7.82M |
|
647
Simon Property Group
SPG
$76.4B
| $62.6M | 0.03% |
338,147
+41,887
| +14% | +$7.61M |
|
648
PUT
State Street SPDR S&P Metals & Mining ETF
XME
$3.75B
| $62.5M | 0.03% |
603,000
+13,000
| +2% | +$1.28M |
|
649
Bankunited
BKU
$3.33B
| $62.4M | 0.03% |
1,399,655
+1,279,712
| +1,067% | +$53M |
|
650
Fastenal
FAST
$54.8B
| $62.3M | 0.03% |
1,551,905
+830,167
| +115% | +$34.9M |
|
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.