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 | |
|---|---|---|---|---|---|---|
701
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $58M | 0.02% |
718,820
+106,793
| +17% | +$8.61M |
|
702
Carnival Corporation Ltd
CCL
$38.1B
| $57.9M | 0.02% |
1,895,922
-520,775
| -22% | -$14.5M |
|
703
CALL
Chevron
CVX
$382B
| $57.8M | 0.02% |
379,200
-843,800
| -69% | -$129M |
|
704
CALL
Walt Disney
DIS
$171B
| $57.4M | 0.02% |
504,200
+343,500
| +214% | +$37.8M |
|
705
EXL Service
EXLS
$5.46B
| $57.3M | 0.02% |
1,351,317
+732,299
| +118% | +$29.9M |
|
706
Voya Financial
VOYA
$8.96B
| $57.3M | 0.02% |
768,701
-316,046
| -29% | -$23M |
|
|
SLNO
707
DELISTED
Soleno Therapeutics
SLNO
| $57.2M | 0.02% |
1,236,321
+256,495
| +26% | +$14.1M |
|
708
Regency Centers
REG
$14.9B
| $57.2M | 0.02% |
828,686
+385,369
| +87% | +$27M |
|
709
Invitation Homes
INVH
$17.9B
| $57.1M | 0.02% |
2,054,286
+1,662,643
| +425% | +$46.4M |
|
710
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.54B
| $57M | 0.02% |
451,700
-178,300
| -28% | -$23.1M |
|
711
Bath & Body Works
BBWI
$3.97B
| $57M | 0.02% |
2,837,896
+1,109,401
| +64% | +$24.5M |
|
712
Ferrari
RACE
$67.8B
| $56.8M | 0.02% |
153,537
+71,474
| +87% | +$28.6M |
|
713
Lumen
LUMN
$6.43B
| $56.8M | 0.02% |
7,311,422
+1,297,601
| +22% | +$10.7M |
|
714
Caterpillar
CAT
$361B
| $56.7M | 0.02% |
98,905
-304,832
| -76% | -$169M |
|
715
Scotiabank
BNS
$105B
| $56.6M | 0.02% |
767,836
+46,688
| +6% | +$3.17M |
|
|
GRMN
716
Garmin
GRMN
$56.9B
| $56.5M | 0.02% |
278,577
+104,428
| +60% | +$22.7M |
|
717
Healthpeak Properties
DOC
$15.5B
| $56.5M | 0.02% |
3,512,223
+2,464,612
| +235% | +$43.5M |
|
718
Cinemark Holdings
CNK
$4.07B
| $56.4M | 0.02% |
2,426,568
+304,601
| +14% | +$8.01M |
|
719
Reinsurance Group of America
RGA
$15.5B
| $56.4M | 0.02% |
277,163
-98,611
| -26% | -$19.1M |
|
720
VeriSign
VRSN
$26.3B
| $56.2M | 0.02% |
231,249
-133,961
| -37% | -$33.7M |
|
721
Nike
NKE
$64.1B
| $56.2M | 0.02% |
881,678
-841,072
| -49% | -$54.8M |
|
722
CALL
ASML
ASML
$596B
| $56.2M | 0.02% |
52,500
-25,000
| -32% | -$26.1M |
|
723
Natera
NTRA
$36.4B
| $56.1M | 0.02% |
245,096
-282,846
| -54% | -$59M |
|
724
CALL
Palo Alto Networks
PANW
$256B
| $56.1M | 0.02% |
304,800
-165,600
| -35% | -$33.4M |
|
|
TGNA
725
DELISTED
TEGNA Inc
TGNA
| $56.1M | 0.02% |
2,890,664
+1,611,330
| +126% | +$31.8M |
|
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.