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 | |
|---|---|---|---|---|---|---|
|
CCXIU
1401
Churchill Capital Corp XI Units
CCXIU
$458M
| $22.7M | 0.01% |
+2,224,879
| New | +$22.8M |
|
|
VISN
1402
Vistance Networks Inc
VISN
$2.65B
| $22.7M | 0.01% |
1,252,827
+295,194
| +31% | +$5.09M |
|
1403
CALL
Globus Medical
GMED
$10.7B
| $22.7M | 0.01% |
+260,000
| New | +$19.7M |
|
|
ALH
1404
Alliance Laundry Holdings
ALH
$5.22B
| $22.7M | 0.01% |
+1,115,369
| New | +$26.8M |
|
1405
TransUnion
TRU
$14.9B
| $22.7M | 0.01% |
264,649
-232,661
| -47% | -$19.1M |
|
1406
Airbnb
ABNB
$89.8B
| $22.7M | 0.01% |
167,150
-1,500,858
| -90% | -$187M |
|
|
CSGS
1407
DELISTED
CSG Systems International
CSGS
| $22.7M | 0.01% |
295,789
+262,951
| +801% | +$19.4M |
|
1408
PUT
TC Energy
TRP
$70.7B
| $22.7M | 0.01% |
300,000
| – | – |
|
1409
CALL
Atlassian
TEAM
$25B
| $22.6M | 0.01% |
139,400
-28,600
| -17% | -$4.49M |
|
1410
Cognizant
CTSH
$24.2B
| $22.6M | 0.01% |
272,133
-108,228
| -28% | -$8.1M |
|
|
LTM
1411
LATAM Airlines Group S.A.
LTM
$15.3B
| $22.6M | 0.01% |
417,599
+173,761
| +71% | +$8.23M |
|
1412
Sensata Technologies
ST
$6.82B
| $22.5M | 0.01% |
675,474
-116,395
| -15% | -$3.72M |
|
1413
Seagate
STX
$195B
| $22.5M | 0.01% |
81,581
-694,605
| -89% | -$180M |
|
1414
Graphic Packaging
GPK
$3.16B
| $22.5M | 0.01% |
1,491,555
-450,686
| -23% | -$7.41M |
|
1415
Group 1 Automotive
GPI
$3.29B
| $22.5M | 0.01% |
57,102
+36,131
| +172% | +$14.8M |
|
|
AXON
1416
PUT
Axon Enterprise
AXON
$41.8B
| $22.4M | 0.01% |
39,500
+22,000
| +126% | +$13.7M |
|
|
LINE
1417
Lineage Inc
LINE
$9.59B
| $22.4M | 0.01% |
+640,587
| New | +$23.7M |
|
1418
CALL
Occidental Petroleum
OXY
$55.8B
| $22.4M | 0.01% |
544,600
-115,000
| -17% | -$4.8M |
|
1419
Monro
MNRO
$384M
| $22.4M | 0.01% |
1,116,236
+790,423
| +243% | +$14.6M |
|
1420
Monolithic Power Systems
MPWR
$71.3B
| $22.4M | 0.01% |
24,679
-145,811
| -86% | -$140M |
|
1421
Toro Company
TTC
$8.7B
| $22.4M | 0.01% |
284,031
+236,796
| +501% | +$17.5M |
|
1422
PUT
NextEra Energy
NEE
$183B
| $22.3M | 0.01% |
277,900
-92,000
| -25% | -$7.62M |
|
1423
State Street Utilities Select Sector SPDR ETF
XLU
$22.9B
| $22.3M | 0.01% |
522,528
-565,714
| -52% | -$25.1M |
|
1424
Texas Roadhouse
TXRH
$13.6B
| $22.3M | 0.01% |
134,346
+97,769
| +267% | +$16.5M |
|
1425
Helen of Troy
HELE
$642M
| $22.3M | 0.01% |
1,049,381
+628,300
| +149% | +$12.8M |
|
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.