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 | |
|---|---|---|---|---|---|---|
1726
Baidu
BIDU
$37.7B
| $15.9M | 0.01% |
121,670
+102,325
| +529% | +$12.7M |
|
1727
CALL
Marathon Petroleum
MPC
$92.4B
| $15.8M | 0.01% |
97,300
-84,500
| -46% | -$15.8M |
|
1728
APi Group
APG
$17.2B
| $15.8M | 0.01% |
413,321
-696,167
| -63% | -$25.7M |
|
1729
ODDITY Tech
ODD
$654M
| $15.8M | 0.01% |
393,048
+16,682
| +4% | +$754K |
|
1730
CALL
BP
BP
$116B
| $15.8M | 0.01% |
454,700
+197,200
| +77% | +$6.92M |
|
|
CMBT
1731
CMB.TECH NV
CMBT
$4.69B
| $15.8M | 0.01% |
+1,636,435
| New | +$15.9M |
|
1732
PUT
HP
HPQ
$24.9B
| $15.8M | 0.01% |
707,600
+298,500
| +73% | +$7.61M |
|
1733
PUT
Teradyne
TER
$57.6B
| $15.8M | 0.01% |
81,400
+12,200
| +18% | +$2.09M |
|
1734
Air Products & Chemicals
APD
$65.7B
| $15.7M | 0.01% |
63,676
+40,584
| +176% | +$10.3M |
|
1735
Green Plains
GPRE
$1.18B
| $15.7M | 0.01% |
1,604,915
+577,489
| +56% | +$5.81M |
|
1736
Arm
ARM
$256B
| $15.7M | 0.01% |
143,691
+20,091
| +16% | +$2.92M |
|
1737
PUT
Kimberly-Clark
KMB
$36.3B
| $15.7M | 0.01% |
155,600
+130,400
| +517% | +$14.3M |
|
1738
Grupo Cibest SA
CIB
$22B
| $15.7M | 0.01% |
246,634
-223,581
| -48% | -$13.4M |
|
1739
Chefs' Warehouse
CHEF
$4.71B
| $15.7M | 0.01% |
251,376
+242,917
| +2,872% | +$14.6M |
|
1740
CALL
Estee Lauder
EL
$30.4B
| $15.7M | 0.01% |
149,500
-69,900
| -32% | -$6.78M |
|
1741
CALL
Nokia
NOK
$51B
| $15.6M | 0.01% |
+2,418,500
| New | +$15M |
|
|
LTC
1742
LTC Properties
LTC
$2.06B
| $15.6M | 0.01% |
454,372
+11,442
| +3% | +$403K |
|
1743
State Street SPDR S&P Homebuilders ETF
XHB
$1.6B
| $15.6M | 0.01% |
151,596
-208,174
| -58% | -$22.1M |
|
1744
PUT
Diamondback Energy
FANG
$57.1B
| $15.6M | 0.01% |
103,500
-24,900
| -19% | -$3.67M |
|
1745
OneSpan
OSPN
$574M
| $15.6M | 0.01% |
1,211,659
+1,103,360
| +1,019% | +$15M |
|
1746
AvePoint
AVPT
$2.76B
| $15.5M | 0.01% |
1,117,255
-277,349
| -20% | -$3.83M |
|
1747
Bloomin' Brands
BLMN
$741M
| $15.5M | 0.01% |
2,513,268
-76,830
| -3% | -$535K |
|
|
EFXT
1748
Enerflex
EFXT
$2.72B
| $15.5M | 0.01% |
1,005,224
-164,413
| -14% | -$2.19M |
|
1749
Jacobs Solutions
J
$15.9B
| $15.5M | 0.01% |
117,036
-78,628
| -40% | -$11.5M |
|
1750
Stanley Black & Decker
SWK
$14.3B
| $15.4M | 0.01% |
207,993
-111,768
| -35% | -$7.87M |
|
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.