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 | |
|---|---|---|---|---|---|---|
1201
A.O. Smith
AOS
$8.24B
| $28.1M | 0.01% |
419,778
-207,101
| -33% | -$14M |
|
1202
BGC Group
BGC
$5.6B
| $28M | 0.01% |
3,136,530
+1,317,040
| +72% | +$11.9M |
|
1203
Independence Realty Trust
IRT
$3.93B
| $28M | 0.01% |
1,601,973
+1,580,317
| +7,297% | +$26.2M |
|
1204
Banner Corp
BANR
$2.37B
| $28M | 0.01% |
446,882
+106,667
| +31% | +$6.74M |
|
1205
NatWest
NWG
$73.7B
| $28M | 0.01% |
1,600,009
-1,566,306
| -49% | -$24.8M |
|
1206
CALL
Marriott International
MAR
$99B
| $28M | 0.01% |
90,200
+61,300
| +212% | +$17.5M |
|
1207
CALL
Penumbra
PEN
$12.6B
| $28M | 0.01% |
90,000
+31,500
| +54% | +$8.7M |
|
1208
CALL
Idexx Laboratories
IDXX
$44.1B
| $27.9M | 0.01% |
41,300
+13,000
| +46% | +$8.85M |
|
1209
CALL
Arista Networks
ANET
$215B
| $27.9M | 0.01% |
213,100
-57,400
| -21% | -$7.9M |
|
1210
Okta
OKTA
$24.4B
| $27.9M | 0.01% |
322,558
+310,012
| +2,471% | +$27.1M |
|
|
TEM
1211
Tempus AI
TEM
$7.97B
| $27.8M | 0.01% |
471,334
+357,948
| +316% | +$28M |
|
1212
Pitney Bowes
PBI
$2.46B
| $27.8M | 0.01% |
2,630,801
+988,653
| +60% | +$10.3M |
|
1213
Cal-Maine
CALM
$4.09B
| $27.8M | 0.01% |
348,762
+293,684
| +533% | +$25.8M |
|
1214
Mercado Libre
MELI
$95.6B
| $27.7M | 0.01% |
13,761
+3,715
| +37% | +$7.8M |
|
1215
TriNet
TNET
$3.29B
| $27.7M | 0.01% |
468,030
+427,242
| +1,047% | +$25.4M |
|
1216
Globant
GLOB
$1.57B
| $27.6M | 0.01% |
422,819
+73,411
| +21% | +$4.61M |
|
1217
Madison Square Garden
MSGE
$3.73B
| $27.6M | 0.01% |
512,641
-76,455
| -13% | -$3.68M |
|
1218
PUT
Western Digital
WDC
$184B
| $27.6M | 0.01% |
160,300
-134,400
| -46% | -$20.4M |
|
1219
Vail Resorts
MTN
$5.45B
| $27.6M | 0.01% |
207,870
+108,125
| +108% | +$15.9M |
|
1220
Descartes Systems
DSGX
$6.39B
| $27.6M | 0.01% |
314,147
+163,912
| +109% | +$14.7M |
|
1221
Cohen & Steers
CNS
$4.19B
| $27.5M | 0.01% |
438,826
+348,452
| +386% | +$22.7M |
|
1222
CALL
Williams-Sonoma
WSM
$27.5B
| $27.5M | 0.01% |
154,000
+141,000
| +1,085% | +$26.4M |
|
1223
Dianthus Therapeutics
DNTH
$6.16B
| $27.5M | 0.01% |
667,216
+521,050
| +356% | +$20.2M |
|
1224
CALL
Automatic Data Processing
ADP
$105B
| $27.4M | 0.01% |
106,700
+13,900
| +15% | +$3.7M |
|
|
BNY
1225
Bank of New York Mellon
BNY
$106B
| $27.4M | 0.01% |
236,399
-200,587
| -46% | -$22.2M |
|
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.