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 | |
|---|---|---|---|---|---|---|
1576
CSX Corp
CSX
$93.4B
| $19M | 0.01% |
523,189
-6,394,601
| -92% | -$229M |
|
1577
Lloyds Banking Group
LYG
$89.5B
| $19M | 0.01% |
3,577,078
-5,238,601
| -59% | -$25.4M |
|
1578
Pampa Energía
PAM
$4.75B
| $18.8M | 0.01% |
212,796
-100,972
| -32% | -$8.14M |
|
1579
RenaissanceRe
RNR
$13.3B
| $18.8M | 0.01% |
66,942
-169,977
| -72% | -$44.7M |
|
1580
STMicroelectronics
STM
$46.7B
| $18.8M | 0.01% |
724,862
-1,207,940
| -62% | -$31M |
|
1581
China Yuchai International
CYD
$1.77B
| $18.8M | 0.01% |
529,243
-190,988
| -27% | -$6.96M |
|
1582
PUT
Cognizant
CTSH
$24.9B
| $18.8M | 0.01% |
226,100
+94,000
| +71% | +$7.03M |
|
1583
Tronox
TROX
$932M
| $18.7M | 0.01% |
4,494,683
+3,879,222
| +630% | +$14.8M |
|
1584
Driven Brands
DRVN
$2.35B
| $18.7M | 0.01% |
1,263,464
+428,499
| +51% | +$6.37M |
|
1585
PUT
Sea Limited
SE
$65.4B
| $18.7M | 0.01% |
146,600
+4,000
| +3% | +$592K |
|
1586
Columbia Sportswear
COLM
$3.04B
| $18.7M | 0.01% |
339,073
+23,422
| +7% | +$1.25M |
|
1587
Inspire Medical Systems
INSP
$1.45B
| $18.6M | 0.01% |
202,140
-154,668
| -43% | -$14.8M |
|
|
SFBS
1588
ServisFirst Bancshares
SFBS
$4.89B
| $18.6M | 0.01% |
259,618
+185,568
| +251% | +$13.6M |
|
|
RNAM
1589
PUT
DELISTED
Avidity Biosciences
RNAM
| $18.6M | 0.01% |
258,000
+250,100
| +3,166% | +$16.2M |
|
|
TGB
1590
Trekor Metals
TGB
$2.48B
| $18.6M | 0.01% |
3,286,708
+1,665,034
| +103% | +$7.83M |
|
|
PRA
1591
DELISTED
ProAssurance
PRA
| $18.6M | 0.01% |
768,948
+51,153
| +7% | +$1.23M |
|
1592
CALL
Apollo Global Management
APO
$72.4B
| $18.6M | 0.01% |
128,200
+25,400
| +25% | +$3.37M |
|
1593
Atour Lifestyle Holdings
ATAT
$4.67B
| $18.5M | 0.01% |
470,209
-582,183
| -55% | -$22.8M |
|
|
DFTX
1594
Definium Therapeutics
DFTX
$5.78B
| $18.5M | 0.01% |
1,383,175
+1,084,970
| +364% | +$13.4M |
|
1595
Box
BOX
$4.37B
| $18.5M | 0.01% |
618,836
+407,062
| +192% | +$12.8M |
|
1596
Equity Residential
EQR
$24.9B
| $18.5M | 0.01% |
293,576
-35,231
| -11% | -$2.16M |
|
1597
CALL
Core Scientific Inc Tranche 1 Warrants
CORZW
$1.38B
| $18.5M | 0.01% |
2,186,030
+181,452
| +9% | +$2.01M |
|
1598
Rigel Pharmaceuticals
RIGL
$681M
| $18.5M | 0.01% |
431,460
+326,159
| +310% | +$12.3M |
|
1599
Evolv Technologies
EVLV
$995M
| $18.5M | 0.01% |
2,576,833
-1,610,771
| -38% | -$11.5M |
|
1600
Thomson Reuters
TRI
$42.8B
| $18.4M | 0.01% |
137,346
+11,156
| +9% | +$1.62M |
|
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.