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 | |
|---|---|---|---|---|---|---|
1051
Madison Square Garden
MSGS
$9.59B
| $33.9M | 0.01% |
131,123
+84,628
| +182% | +$19.3M |
|
1052
iShares 7-10 Year Treasury Bond ETF
IEF
$47.2B
| $33.9M | 0.01% |
352,417
+282,921
| +407% | +$27.4M |
|
1053
LKQ Corp
LKQ
$6.72B
| $33.8M | 0.01% |
1,120,479
+386,761
| +53% | +$11.7M |
|
1054
Lincoln Electric
LECO
$14.1B
| $33.8M | 0.01% |
141,068
+61,750
| +78% | +$14.6M |
|
1055
CALL
KLA
KLAC
$222B
| $33.8M | 0.01% |
278,000
+71,000
| +34% | +$8.33M |
|
1056
Hormel Foods
HRL
$14.2B
| $33.8M | 0.01% |
1,424,299
-1,873,405
| -57% | -$43.7M |
|
1057
Amer Sports
AS
$21B
| $33.8M | 0.01% |
903,754
-566,530
| -39% | -$19.4M |
|
1058
Cullen/Frost Bankers
CFR
$10.5B
| $33.7M | 0.01% |
265,937
+31,758
| +14% | +$3.98M |
|
1059
Restaurant Brands International
QSR
$26.2B
| $33.7M | 0.01% |
493,468
+431,014
| +690% | +$29.7M |
|
|
HI
1060
DELISTED
Hillenbrand
HI
| $33.7M | 0.01% |
1,061,060
+946,377
| +825% | +$29.2M |
|
1061
Arista Networks
ANET
$199B
| $33.6M | 0.01% |
256,624
-571,679
| -69% | -$78.7M |
|
1062
Amcor
AMCR
$21.2B
| $33.6M | 0.01% |
804,659
-69,433
| -8% | -$2.86M |
|
1063
Veralto
VLTO
$24.1B
| $33.5M | 0.01% |
335,809
-284,446
| -46% | -$28.8M |
|
1064
PUT
AT&T
T
$164B
| $33.4M | 0.01% |
1,346,500
-563,500
| -30% | -$14.3M |
|
1065
Hecla Mining
HL
$9.49B
| $33.4M | 0.01% |
+1,740,678
| New | +$26.6M |
|
1066
Molina Healthcare
MOH
$10.4B
| $33.4M | 0.01% |
192,354
+89,542
| +87% | +$14.7M |
|
1067
Manhattan Associates
MANH
$11.9B
| $33.4M | 0.01% |
192,583
-170,942
| -47% | -$31.2M |
|
1068
PUT
Shopify
SHOP
$168B
| $33.3M | 0.01% |
207,100
-284,200
| -58% | -$45.6M |
|
1069
Tractor Supply
TSCO
$16.3B
| $33.2M | 0.01% |
664,389
+514,072
| +342% | +$27.7M |
|
1070
PUT
Celsius Holdings
CELH
$7.38B
| $33.1M | 0.01% |
723,200
-352,800
| -33% | -$17.8M |
|
1071
Banc of California
BANC
$2.87B
| $33.1M | 0.01% |
1,714,712
+435,738
| +34% | +$7.81M |
|
1072
Lowe's Companies
LOW
$121B
| $33M | 0.01% |
136,899
-101,981
| -43% | -$24.5M |
|
1073
CALL
Reddit
RDDT
$34.3B
| $32.9M | 0.01% |
143,300
-278,000
| -66% | -$58.5M |
|
1074
Celldex Therapeutics
CLDX
$2.94B
| $32.9M | 0.01% |
1,212,705
+237,510
| +24% | +$6.26M |
|
1075
CALL
Microchip Technology
MCHP
$38.8B
| $32.9M | 0.01% |
516,700
+157,600
| +44% | +$9.72M |
|
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.