Millennium Management Portfolio holdings
Millennium Management is a multistrategy hedge fund firm, started in 1989 by Israel Englander along with Ronald Shear, an acquaintance from the American Stock Exchange who left after six months. Englander remains its principal. It works as a platform: many separate investment teams, each with a portfolio manager given money to trade in a variety of strategies. Its teams research and pick individual companies, run computer-driven strategies, and trade fixed income, commodities and credit. In 2018 it launched a joint venture with WorldQuant, a computer-driven investment firm. Its clients include state and local government bodies and sovereign wealth funds.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$3.07B |
| 2 |
SpaceX
SPCX
|
+$2.99B |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$1.11B |
| 4 |
Microsoft
MSFT
|
+$584M |
| 5 |
Bloom Energy
BE
|
+$547M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Portfolio S&P 500 ETF
SPYM
|
+$1.65B |
| 2 |
Marvell Technology
MRVL
|
+$1.16B |
| 3 |
Apple
AAPL
|
+$1.12B |
| 4 |
Sandisk
SNDK
|
+$1.11B |
| 5 |
Micron Technology
MU
|
+$816M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 55.34% |
| 2 | Technology | 9.51% |
| 3 | Industrials | 7.53% |
| 4 | Financials | 5.78% |
| 5 | Healthcare | 5.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
751
AXT Inc
AXTI
$3.61B
| $61.6M | 0.02% |
854,322
+115,128
| +16% | +$10.4M |
2025 Q3
3 quarters
|
|
752
CALL
Arm
ARM
$220B
| $61.4M | 0.02% |
173,200
-332,200
| -66% | -$88.3M |
2023 Q4
10 quarters
|
|
753
General Mills
GIS
$18.3B
| $61.4M | 0.02% |
1,763,880
-613,392
| -26% | -$21.2M |
2024 Q4
6 quarters
|
|
754
CALL
Bank of America
BAC
$346B
| $61.4M | 0.02% |
1,077,200
-994,400
| -48% | -$52.9M |
2019 Q1
29 quarters
|
|
755
Nextpower Inc. Common Stock
NXT
$12B
| $61.2M | 0.02% |
513,887
+485,465
| +1,708% | +$59.9M |
2025 Q1
5 quarters
|
|
756
Waste Management
WM
$92.8B
| $61.1M | 0.02% |
273,928
+244,624
| +835% | +$54.4M |
2014 Q4
46 quarters
|
|
757
XPO
XPO
$22.1B
| $60.9M | 0.02% |
296,850
-465,116
| -61% | -$98.4M |
2014 Q3
47 quarters
|
|
758
EQT Corp
EQT
$34.6B
| $60.7M | 0.02% |
1,142,521
+597,097
| +109% | +$33.5M |
2020 Q2
24 quarters
|
|
759
PUT
iShares Expanded Tech-Software Sector ETF
IGV
$13.8B
| $60.7M | 0.02% |
670,000
-184,500
| -22% | -$16.4M |
2025 Q4
2 quarters
|
|
760
PUT
Vistra
VST
$46.4B
| $60.7M | 0.02% |
382,400
-155,500
| -29% | -$24.1M |
2023 Q2
12 quarters
|
|
761
CALL
Shopify
SHOP
$203B
| $60.6M | 0.02% |
530,900
+106,900
| +25% | +$12.2M |
2023 Q1
13 quarters
|
|
762
First Solar
FSLR
$18.7B
| $60.6M | 0.02% |
256,790
-695,023
| -73% | -$163M |
2020 Q3
23 quarters
|
|
763
Cardinal Health
CAH
$58B
| $60.5M | 0.02% |
254,734
-424,949
| -63% | -$88.3M |
2019 Q4
26 quarters
|
|
764
Smurfit Westrock
SW
$22.6B
| $60.5M | 0.02% |
+1,307,410
| New | +$54M |
2026 Q2
0 quarters
|
|
765
Cerebras Systems
CBRS
$25.9B
| $60.3M | 0.02% |
+272,917
| New | +$64.2M |
2026 Q2
0 quarters
|
|
766
Matsons
MATX
$6.69B
| $60.3M | 0.02% |
313,755
+263,776
| +528% | +$48.1M |
2020 Q2
24 quarters
|
|
767
Burlington
BURL
$14.9B
| $60M | 0.02% |
189,514
-9,252
| -5% | -$2.98M |
2013 Q4
50 quarters
|
|
768
Silicon Motion
SIMO
$7.07B
| $60M | 0.02% |
179,946
-215,843
| -55% | -$50M |
2016 Q3
39 quarters
|
|
769
Conagra Brands
CAG
$6.96B
| $60M | 0.02% |
4,454,751
-104,750
| -2% | -$1.46M |
2024 Q2
8 quarters
|
|
770
Cleveland-Cliffs
CLF
$8.13B
| $59.8M | 0.02% |
6,371,571
-121,074
| -2% | -$1.33M |
2024 Q2
8 quarters
|
|
771
PUT
iShares MSCI USA Momentum Factor ETF
MTUM
$17.8B
| $59.8M | 0.02% |
+174,500
| New | +$52.1M |
2026 Q2
0 quarters
|
|
772
PUT
Deere & Co
DE
$182B
| $59.8M | 0.02% |
94,300
-119,500
| -56% | -$69.2M |
2019 Q4
26 quarters
|
|
773
Onto Innovation
ONTO
$9.9B
| $59.8M | 0.02% |
158,023
+134,159
| +562% | +$38M |
2020 Q2
24 quarters
|
|
774
CALL
Verizon
VZ
$185B
| $59.7M | 0.02% |
1,409,700
+16,900
| +1% | +$793K |
2019 Q2
28 quarters
|
|
|
775
CALL
SpaceX
SPCX
$1.83T
| $59.7M | 0.02% |
+349,300
| New | +$59.3M |
2026 Q2
0 quarters
|
|
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Millennium Management's Q2 2026 Portfolio in Review
As of Q2 2026, Millennium Management held 6,628 positions worth $276B, up 15% from $240B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Millennium Management's Q2 2026 filing shows 986 new, 2,006 increased, 2,341 reduced and 833 closed positions. Its largest new stake was SpaceX: 17,604,863 shares worth $2.98B. The largest sale was State Street SPDR Portfolio S&P 500 ETF, an estimated $1.65B.
By sector, the portfolio is most concentrated in Miscellaneous at 55% of assets, up from 54% a quarter earlier, followed by Technology and Industrials.
- Millennium Management's largest Q2 2026 buy was SpaceX: 17,604,863 shares worth $2.98B.
- Millennium Management added most to State Street SPDR S&P 500 ETF Trust in Q2 2026, an estimated $3.07B increase.
- Millennium Management's biggest Q2 2026 reduction was Marvell Technology, cutting an estimated $1.16B.
- Millennium Management fully exited State Street SPDR Portfolio S&P 500 ETF in Q2 2026, selling an estimated $1.65B.
- Millennium Management's ten largest holdings make up 18% of its $276B portfolio in Q2 2026.
- Millennium Management opened 986 new positions and closed 833 in Q2 2026.
- Millennium Management's portfolio value rose 15% quarter-over-quarter to $276B.
Based on Millennium Management's 13F filing for Q2 2026, filed 14 Aug 2026.