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 | |
|---|---|---|---|---|---|---|
1451
Orthofix Medical
OFIX
$467M
| $21.8M | 0.01% |
1,441,267
-34,451
| -2% | -$526K |
|
1452
CALL
Humana
HUM
$44.1B
| $21.8M | 0.01% |
85,200
-395,500
| -82% | -$104M |
|
1453
GDS Holdings
GDS
$6.47B
| $21.8M | 0.01% |
625,007
+139,789
| +29% | +$4.83M |
|
1454
Inhibrx
INBX
$1.21B
| $21.8M | 0.01% |
275,917
-21,903
| -7% | -$1.49M |
|
|
EXK
1455
Endeavour Silver
EXK
$2.22B
| $21.8M | 0.01% |
2,316,777
+21,559
| +0.9% | +$183K |
|
1456
Genius Sports
GENI
$1.85B
| $21.8M | 0.01% |
1,976,008
+741,078
| +60% | +$8.08M |
|
1457
PUT
Occidental Petroleum
OXY
$56.1B
| $21.7M | 0.01% |
528,800
-346,700
| -40% | -$14.5M |
|
1458
TKO Group
TKO
$13.7B
| $21.7M | 0.01% |
103,945
+84,671
| +439% | +$16.5M |
|
1459
Zimmer Biomet
ZBH
$18.1B
| $21.7M | 0.01% |
241,372
+104,324
| +76% | +$9.89M |
|
1460
Rush Street Interactive
RSI
$2.82B
| $21.7M | 0.01% |
1,115,971
+86,753
| +8% | +$1.6M |
|
|
GTY
1461
Getty Realty Corp
GTY
$2.11B
| $21.7M | 0.01% |
792,163
-350,250
| -31% | -$9.68M |
|
1462
SPDR Gold Trust
GLD
$131B
| $21.7M | 0.01% |
54,639
-75,684
| -58% | -$28.9M |
|
1463
Patria Investments
PAX
$1.71B
| $21.6M | 0.01% |
1,357,116
+492,009
| +57% | +$7.36M |
|
1464
PUT
Interactive Brokers
IBKR
$39.8B
| $21.6M | 0.01% |
335,300
+258,500
| +337% | +$17.3M |
|
1465
RPM International
RPM
$13.7B
| $21.6M | 0.01% |
207,235
+6,163
| +3% | +$667K |
|
1466
Reliance Steel & Aluminium
RS
$20.9B
| $21.5M | 0.01% |
74,517
+38,918
| +109% | +$10.9M |
|
1467
Sarepta Therapeutics
SRPT
$1.58B
| $21.5M | 0.01% |
1,000,109
+715,899
| +252% | +$15.1M |
|
1468
Manulife Financial
MFC
$74.5B
| $21.5M | 0.01% |
591,565
-478,517
| -45% | -$16.2M |
|
1469
Alibaba
BABA
$293B
| $21.5M | 0.01% |
146,487
-53,112
| -27% | -$8.65M |
|
1470
Consolidated Edison
ED
$40.4B
| $21.4M | 0.01% |
215,722
-76,346
| -26% | -$7.58M |
|
1471
PUT
AngloGold Ashanti
AU
$39B
| $21.4M | 0.01% |
251,000
+800
| +0.3% | +$62.4K |
|
1472
CALL
CrowdStrike
CRWD
$193B
| $21.4M | 0.01% |
182,400
-474,800
| -72% | -$60.4M |
|
|
NOVTU
1473
Novanta Inc Units
NOVTU
$677M
| $21.3M | 0.01% |
+390,004
| New | +$20.6M |
|
1474
PUT
Telus
TU
$14.5B
| $21.3M | 0.01% |
1,175,000
+500,000
| +74% | +$7.04M |
|
1475
Expeditors International
EXPD
$22.1B
| $21.2M | 0.01% |
142,479
+98,570
| +224% | +$13.4M |
|
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.