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 | |
|---|---|---|---|---|---|---|
1426
CALL
Albemarle
ALB
$13.9B
| $22.3M | 0.01% |
157,400
+54,300
| +53% | +$6.16M |
|
1427
Cameco
CCJ
$37.7B
| $22.2M | 0.01% |
242,945
-823,820
| -77% | -$74.2M |
|
1428
KE Holdings
BEKE
$18.5B
| $22.2M | 0.01% |
1,409,498
+258,960
| +23% | +$4.45M |
|
|
CUK
1429
DELISTED
Carnival PLC
CUK
| $22.2M | 0.01% |
732,317
-438,686
| -37% | -$11.3M |
|
1430
RxSight
RXST
$247M
| $22.2M | 0.01% |
2,129,038
-64,024
| -3% | -$642K |
|
1431
Sun Life Financial
SLF
$46.1B
| $22.2M | 0.01% |
355,290
+309,329
| +673% | +$18.7M |
|
|
VG
1432
Venture Global Inc
VG
$33.4B
| $22.2M | 0.01% |
3,248,477
+2,341,253
| +258% | +$19.5M |
|
1433
Sunstone Hotel Investors
SHO
$2.19B
| $22.1M | 0.01% |
2,477,469
+687,320
| +38% | +$6.3M |
|
1434
Williams-Sonoma
WSM
$27.1B
| $22.1M | 0.01% |
124,015
+77,091
| +164% | +$14.4M |
|
1435
Amgen
AMGN
$207B
| $22.1M | 0.01% |
67,631
-77,296
| -53% | -$24.5M |
|
1436
CALL
Dow Inc
DOW
$21.7B
| $22.1M | 0.01% |
946,700
-227,600
| -19% | -$5.23M |
|
1437
CALL
United Rentals
URI
$66.9B
| $22.1M | 0.01% |
27,300
+17,300
| +173% | +$15M |
|
1438
CALL
Lennar Class A
LEN
$19.9B
| $22.1M | 0.01% |
214,700
+178,700
| +496% | +$21.6M |
|
1439
Hilton Worldwide
HLT
$71.9B
| $22M | 0.01% |
76,581
+24,647
| +47% | +$6.71M |
|
1440
Ryan Specialty Holdings
RYAN
$5.87B
| $22M | 0.01% |
426,032
+187,274
| +78% | +$10.3M |
|
1441
ASE Group
ASX
$77.8B
| $22M | 0.01% |
1,365,715
-1,803,552
| -57% | -$25.6M |
|
1442
Tetra Tech
TTEK
$8.35B
| $22M | 0.01% |
655,489
-765,697
| -54% | -$25.9M |
|
1443
Urban Edge Properties
UE
$2.86B
| $22M | 0.01% |
1,145,609
-200,095
| -15% | -$3.88M |
|
|
ORC
1444
Orchid Island Capital
ORC
$1.29B
| $22M | 0.01% |
3,051,892
+1,848,531
| +154% | +$13.5M |
|
1445
PUT
Vistra
VST
$49.8B
| $22M | 0.01% |
136,100
-7,600
| -5% | -$1.38M |
|
1446
PUT
United Parcel Service
UPS
$89.2B
| $21.9M | 0.01% |
220,500
-117,300
| -35% | -$11M |
|
1447
CALL
NXP Semiconductors
NXPI
$61.4B
| $21.9M | 0.01% |
100,700
-5,800
| -5% | -$1.24M |
|
1448
Wolverine World Wide
WWW
$1.6B
| $21.9M | 0.01% |
1,204,127
+1,138,691
| +1,740% | +$23M |
|
1449
monday.com
MNDY
$3.63B
| $21.9M | 0.01% |
148,095
+88,480
| +148% | +$14.9M |
|
1450
CALL
Honeywell
HON
$76.8B
| $21.9M | 0.01% |
112,000
-13,729
| -11% | -$2.69M |
|
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.