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 | |
|---|---|---|---|---|---|---|
1251
Peloton Interactive
PTON
$2.76B
| $26.6M | 0.01% |
4,320,337
-1,887,102
| -30% | -$13.3M |
|
1252
PUT
Nextpower Inc
NXT
$14.7B
| $26.6M | 0.01% |
305,500
+92,500
| +43% | +$8.39M |
|
1253
PUT
C.H. Robinson
CHRW
$17.3B
| $26.6M | 0.01% |
165,400
+125,000
| +309% | +$18.5M |
|
1254
Phreesia
PHR
$656M
| $26.6M | 0.01% |
1,571,055
+506,923
| +48% | +$10.5M |
|
1255
PUT
Duolingo
DUOL
$6.22B
| $26.5M | 0.01% |
151,200
+5,900
| +4% | +$1.39M |
|
1256
STAG Industrial
STAG
$7.43B
| $26.5M | 0.01% |
721,556
+394,024
| +120% | +$15M |
|
1257
CALL
Northrop Grumman
NOC
$76B
| $26.5M | 0.01% |
46,500
+6,200
| +15% | +$3.6M |
|
1258
CALL
Nu Holdings
NU
$70B
| $26.5M | 0.01% |
1,583,900
+10,000
| +0.6% | +$161K |
|
1259
CALL
Lamb Weston
LW
$7.36B
| $26.4M | 0.01% |
631,300
+621,800
| +6,545% | +$36.6M |
|
1260
Tennant Co
TNC
$1.41B
| $26.4M | 0.01% |
358,452
+90,611
| +34% | +$6.93M |
|
1261
Chemours
CC
$2.57B
| $26.4M | 0.01% |
2,239,690
-2,252,307
| -50% | -$28.9M |
|
1262
Utz Brands
UTZ
$1.25B
| $26.4M | 0.01% |
2,542,217
-1,830,463
| -42% | -$19.7M |
|
1263
Builders FirstSource
BLDR
$7.1B
| $26.4M | 0.01% |
256,363
+228,824
| +831% | +$25.7M |
|
1264
PUT
Albemarle
ALB
$13.9B
| $26.3M | 0.01% |
186,100
-25,600
| -12% | -$2.91M |
|
|
NAK
1265
Northern Dynasty Minerals
NAK
$779M
| $26.3M | 0.01% |
13,364,357
+8,957,529
| +203% | +$17.3M |
|
1266
ScottsMiracle-Gro
SMG
$3.97B
| $26.3M | 0.01% |
450,776
-199,654
| -31% | -$11.2M |
|
1267
CALL
Verizon
VZ
$193B
| $26.3M | 0.01% |
644,700
+264,400
| +70% | +$10.7M |
|
1268
CALL
Kimberly-Clark
KMB
$36.6B
| $26.3M | 0.01% |
260,200
+231,600
| +810% | +$25.3M |
|
1269
Ryder
R
$9.9B
| $26.2M | 0.01% |
137,141
+54,916
| +67% | +$9.87M |
|
1270
HF Sinclair
DINO
$16.7B
| $26.2M | 0.01% |
569,511
-101,323
| -15% | -$5.22M |
|
1271
Southwest Airlines
LUV
$22.3B
| $26.2M | 0.01% |
634,929
-2,030,657
| -76% | -$70.9M |
|
1272
Popular Inc
BPOP
$11.2B
| $26.2M | 0.01% |
210,537
+18,202
| +9% | +$2.15M |
|
1273
Hercules Capital
HTGC
$2.98B
| $26.2M | 0.01% |
1,392,476
+30,114
| +2% | +$543K |
|
1274
IHS Holding
IHS
$2.76B
| $26.2M | 0.01% |
3,511,989
-181,189
| -5% | -$1.25M |
|
1275
InMode
INMD
$868M
| $26.1M | 0.01% |
1,778,681
+937,376
| +111% | +$13.8M |
|
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.