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 | |
|---|---|---|---|---|---|---|
1501
PUT
Fair Isaac
FICO
$24.3B
| $20.6M | 0.01% |
12,200
+7,300
| +149% | +$12.6M |
|
1502
PUT
Canadian Natural Resources
CNQ
$99.4B
| $20.6M | 0.01% |
449,600
+24,600
| +6% | +$798K |
|
1503
Gold Fields
GFI
$29B
| $20.6M | 0.01% |
471,025
+404,985
| +613% | +$16.9M |
|
1504
CALL
Expedia Group
EXPE
$35.4B
| $20.5M | 0.01% |
72,500
+56,200
| +345% | +$13.9M |
|
1505
WEC Energy
WEC
$35.7B
| $20.5M | 0.01% |
194,699
+107,006
| +122% | +$11.8M |
|
|
SCHW
1506
PUT
Charles Schwab
SCHW
$183B
| $20.5M | 0.01% |
205,400
-439,500
| -68% | -$41.7M |
|
1507
Alpha Metallurgical Resources
AMR
$1.74B
| $20.5M | 0.01% |
102,662
+10,669
| +12% | +$1.84M |
|
1508
Globus Medical
GMED
$10.7B
| $20.5M | 0.01% |
234,321
-123,441
| -35% | -$9.37M |
|
1509
CALL
Deere & Co
DE
$160B
| $20.3M | 0.01% |
43,600
+4,500
| +12% | +$2.11M |
|
1510
10x Genomics
TXG
$6B
| $20.3M | 0.01% |
1,242,366
-4,195,603
| -77% | -$63.4M |
|
1511
Ultragenyx Pharmaceutical
RARE
$2.45B
| $20.3M | 0.01% |
880,644
+781,431
| +788% | +$25.7M |
|
1512
PUT
Mondelez International
MDLZ
$79.5B
| $20.2M | 0.01% |
375,600
+106,500
| +40% | +$6.13M |
|
1513
CALL
Unity
U
$13.8B
| $20.2M | 0.01% |
457,700
-76,300
| -14% | -$3.11M |
|
1514
PUT
Coherent
COHR
$51.4B
| $20.2M | 0.01% |
109,500
-13,400
| -11% | -$2M |
|
1515
JetBlue
JBLU
$2.28B
| $20.2M | 0.01% |
4,439,841
+672,778
| +18% | +$3.07M |
|
1516
DigitalBridge
DBRG
$2.93B
| $20.2M | 0.01% |
1,316,358
-269,210
| -17% | -$3.23M |
|
1517
CALL
Celestica
CLS
$38.1B
| $20.2M | 0.01% |
68,200
+30,600
| +81% | +$9.22M |
|
1518
TG Therapeutics
TGTX
$7.96B
| $20.1M | 0.01% |
675,910
+385,023
| +132% | +$12.6M |
|
|
TE
1519
T1 Energy
TE
$1.16B
| $20.1M | 0.01% |
3,011,663
+1,939,138
| +181% | +$8.56M |
|
1520
PUT
KKR & Co
KKR
$91.1B
| $20.1M | 0.01% |
157,400
+24,000
| +18% | +$2.99M |
|
1521
CALL
ConocoPhillips
COP
$147B
| $20.1M | 0.01% |
214,300
+84,300
| +65% | +$7.62M |
|
1522
CALL
Blackstone
BX
$102B
| $20.1M | 0.01% |
130,100
-312,400
| -71% | -$47.5M |
|
1523
PUT
Delta Air Lines
DAL
$57.5B
| $20M | 0.01% |
288,900
-22,300
| -7% | -$1.39M |
|
|
TPH
1524
DELISTED
Tri Pointe Homes
TPH
| $20M | 0.01% |
636,940
+275,874
| +76% | +$8.97M |
|
1525
CALL
Old Dominion Freight Line
ODFL
$44.1B
| $20M | 0.01% |
127,600
-12,000
| -9% | -$1.72M |
|
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.