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 | |
|---|---|---|---|---|---|---|
1151
CALL
Regeneron Pharmaceuticals
REGN
$77.4B
| $30.1M | 0.01% |
39,000
+27,700
| +245% | +$18.8M |
|
1152
Mettler-Toledo International
MTD
$27.9B
| $30.1M | 0.01% |
21,576
-3,018
| -12% | -$4.21M |
|
1153
Novavax
NVAX
$1.22B
| $30M | 0.01% |
4,470,083
+2,342,804
| +110% | +$17.7M |
|
|
TTAN
1154
ServiceTitan Inc
TTAN
$7.62B
| $30M | 0.01% |
282,021
-64,303
| -19% | -$6.28M |
|
1155
Alnylam Pharmaceuticals
ALNY
$27.4B
| $30M | 0.01% |
75,430
-474,501
| -86% | -$210M |
|
|
WBI
1156
WaterBridge Infrastructure LLC
WBI
$1.55B
| $30M | 0.01% |
1,498,264
+1,045,148
| +231% | +$24.2M |
|
1157
Celsius Holdings
CELH
$7.5B
| $29.9M | 0.01% |
653,727
-606,997
| -48% | -$30.6M |
|
1158
Brunswick
BC
$5.18B
| $29.9M | 0.01% |
402,633
+228,697
| +131% | +$15.5M |
|
1159
CALL
Morgan Stanley
MS
$330B
| $29.9M | 0.01% |
168,300
-327,100
| -66% | -$54.6M |
|
1160
Datadog
DDOG
$95.6B
| $29.9M | 0.01% |
219,639
+139,403
| +174% | +$22M |
|
1161
Fox Class A
FOXA
$24.7B
| $29.8M | 0.01% |
407,304
-442,604
| -52% | -$28.9M |
|
1162
CALL
Bristol-Myers Squibb
BMY
$132B
| $29.7M | 0.01% |
550,700
-240,400
| -30% | -$11.6M |
|
1163
NXP Semiconductors
NXPI
$61.8B
| $29.7M | 0.01% |
136,690
+99,077
| +263% | +$21.2M |
|
1164
Boot Barn
BOOT
$4.68B
| $29.7M | 0.01% |
168,019
+151,911
| +943% | +$28.3M |
|
1165
CALL
AstraZeneca
AZN
$266B
| $29.6M | 0.01% |
160,900
-1,550
| -1% | -$272K |
|
1166
Perrigo
PRGO
$1.43B
| $29.5M | 0.01% |
2,121,710
-1,046,266
| -33% | -$17.4M |
|
1167
CNA Financial
CNA
$14.4B
| $29.4M | 0.01% |
616,846
+11,883
| +2% | +$548K |
|
|
VNET
1168
VNET Group
VNET
$2.08B
| $29.4M | 0.01% |
3,478,739
+1,474,742
| +74% | +$13.7M |
|
1169
Blue Owl Capital
OWL
$6.87B
| $29.4M | 0.01% |
1,965,728
+1,531,421
| +353% | +$23.9M |
|
1170
XP
XP
$8.89B
| $29.3M | 0.01% |
1,792,836
+1,490,257
| +493% | +$26.2M |
|
1171
Chubb
CB
$135B
| $29.3M | 0.01% |
93,981
-381,492
| -80% | -$112M |
|
1172
Casey's General Stores
CASY
$32.1B
| $29.2M | 0.01% |
52,883
-4,039
| -7% | -$2.22M |
|
1173
Bentley Systems
BSY
$10.7B
| $29.2M | 0.01% |
+765,751
| New | +$34.9M |
|
1174
PUT
BCE
BCE
$20.2B
| $29.2M | 0.01% |
892,500
-361,000
| -29% | -$8.41M |
|
1175
Medpace
MEDP
$16.1B
| $29.2M | 0.01% |
51,991
-64,620
| -55% | -$36.7M |
|
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.