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 | |
|---|---|---|---|---|---|---|
1626
Lear
LEA
$6.54B
| $17.8M | 0.01% |
155,424
+151,856
| +4,256% | +$16.2M |
|
|
DOCU
1627
CALL
DocuSign
DOCU
$10.5B
| $17.8M | 0.01% |
260,300
+72,200
| +38% | +$4.99M |
|
|
HIVE
1628
HIVE Digital Technologies
HIVE
$774M
| $17.8M | 0.01% |
6,900,828
+3,253,735
| +89% | +$13.8M |
|
1629
CALL
Biogen
BIIB
$30B
| $17.8M | 0.01% |
101,100
+15,500
| +18% | +$2.53M |
|
1630
Applovin
APP
$133B
| $17.8M | 0.01% |
26,385
+3,086
| +13% | +$1.94M |
|
1631
Fomento Económico Mexicano
FMX
$43.6B
| $17.7M | 0.01% |
175,618
+41,593
| +31% | +$4.04M |
|
1632
Bank of N.T. Butterfield & Son
NTB
$2.43B
| $17.7M | 0.01% |
356,048
-39,683
| -10% | -$1.83M |
|
1633
Atlas Energy Solutions
AESI
$1.35B
| $17.7M | 0.01% |
1,883,042
+1,834,551
| +3,783% | +$18.5M |
|
1634
News Corp Class B
NWS
$16.9B
| $17.7M | 0.01% |
+597,395
| New | +$17.8M |
|
1635
SGHC Ltd
SGHC
$7.11B
| $17.7M | 0.01% |
1,480,937
+260,272
| +21% | +$3.13M |
|
1636
CALL
Mobileye
MBLY
$2B
| $17.7M | 0.01% |
1,694,900
+1,494,900
| +747% | +$18.7M |
|
1637
Dyne Therapeutics
DYN
$4.7B
| $17.7M | 0.01% |
904,389
+490,449
| +118% | +$9.29M |
|
1638
Southern Company
SO
$109B
| $17.7M | 0.01% |
202,694
-165,226
| -45% | -$15.1M |
|
1639
PUT
Humana
HUM
$43.7B
| $17.7M | 0.01% |
69,000
-2,100
| -3% | -$551K |
|
1640
CALL
Monster Beverage
MNST
$94.3B
| $17.7M | 0.01% |
230,500
+110,500
| +92% | +$7.92M |
|
1641
CoreCivic
CXW
$2.96B
| $17.7M | 0.01% |
924,516
+114,981
| +14% | +$2.11M |
|
1642
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.07B
| $17.7M | 0.01% |
181,718
-62,375
| -26% | -$6.06M |
|
1643
Cincinnati Financial
CINF
$27.3B
| $17.7M | 0.01% |
108,093
-55,400
| -34% | -$8.97M |
|
|
EMBJ
1644
Embraer S.A. ADS
EMBJ
$12.2B
| $17.6M | 0.01% |
273,731
-215,485
| -44% | -$13.5M |
|
1645
Idacorp
IDA
$7.92B
| $17.6M | 0.01% |
138,720
+86,202
| +164% | +$11.2M |
|
1646
Exponent
EXPO
$3.24B
| $17.5M | 0.01% |
252,143
+5,146
| +2% | +$361K |
|
1647
Schrodinger
SDGR
$1.13B
| $17.5M | 0.01% |
978,172
-573,549
| -37% | -$10.9M |
|
1648
Taysha Gene Therapies
TSHA
$1.68B
| $17.5M | 0.01% |
3,178,863
-847,259
| -21% | -$4.11M |
|
|
SILA
1649
DELISTED
Sila Realty Trust
SILA
| $17.5M | 0.01% |
749,944
+95,761
| +15% | +$2.25M |
|
1650
Caesars Entertainment
CZR
$6.06B
| $17.5M | 0.01% |
747,023
+385,796
| +107% | +$8.67M |
|
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.