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 | |
|---|---|---|---|---|---|---|
1776
PUT
DexCom
DXCM
$32.2B
| $15M | 0.01% |
225,600
+115,500
| +105% | +$7.47M |
|
1777
VanEck Semiconductor ETF
SMH
$65.2B
| $15M | 0.01% |
41,572
+38,773
| +1,385% | +$13.6M |
|
1778
PUT
HubSpot
HUBS
$12.2B
| $15M | 0.01% |
37,300
-6,000
| -14% | -$2.49M |
|
|
DVAX
1779
DELISTED
Dynavax Technologies
DVAX
| $15M | 0.01% |
972,481
-3,555,934
| -79% | -$39.2M |
|
1780
Biohaven
BHVN
$2.03B
| $15M | 0.01% |
1,324,247
+356,094
| +37% | +$4.41M |
|
1781
Logitech
LOGI
$14.7B
| $14.9M | 0.01% |
149,163
-787
| -0.5% | -$88.5K |
|
1782
Fortuna Silver Mines
FSM
$2.55B
| $14.9M | 0.01% |
1,523,049
-2,608,851
| -63% | -$23.5M |
|
1783
Arvinas
ARVN
$518M
| $14.9M | 0.01% |
1,259,441
-872,114
| -41% | -$9.52M |
|
1784
Main Street Capital
MAIN
$5.06B
| $14.9M | 0.01% |
247,063
+200,867
| +435% | +$11.8M |
|
1785
Rapid7
RPD
$645M
| $14.9M | 0.01% |
981,190
+499,603
| +104% | +$8.22M |
|
|
PLYM
1786
DELISTED
Plymouth Industrial REIT
PLYM
| $14.9M | 0.01% |
+681,413
| New | +$15M |
|
1787
CALL
e.l.f. Beauty
ELF
$4.89B
| $14.9M | 0.01% |
195,800
+112,500
| +135% | +$11.1M |
|
1788
CALL
Elastic
ESTC
$6.84B
| $14.9M | 0.01% |
197,100
+80,400
| +69% | +$6.56M |
|
1789
Jackson Financial
JXN
$8.53B
| $14.9M | 0.01% |
139,347
-206,856
| -60% | -$20.6M |
|
|
DMII
1790
Drugs Made In America Acquisition II Corp
DMII
$644M
| $14.8M | 0.01% |
+1,500,000
| New | +$14.8M |
|
1791
Generac Holdings
GNRC
$11.6B
| $14.8M | 0.01% |
108,815
+16,502
| +18% | +$2.66M |
|
1792
Embecta
EMBC
$216M
| $14.8M | 0.01% |
1,248,539
-187,869
| -13% | -$2.48M |
|
1793
Pegasystems
PEGA
$5.02B
| $14.8M | 0.01% |
248,250
-31,259
| -11% | -$1.83M |
|
|
P
1794
CALL
Everpure Inc
P
$25.7B
| $14.8M | 0.01% |
221,100
+53,600
| +32% | +$4.48M |
|
1795
Public Service Enterprise Group
PEG
$38.2B
| $14.8M | 0.01% |
184,494
-2,633,921
| -93% | -$215M |
|
|
UNIT
1796
Uniti Group
UNIT
$2.36B
| $14.8M | 0.01% |
2,112,786
+1,077,006
| +104% | +$6.82M |
|
1797
Vanda Pharmaceuticals
VNDA
$307M
| $14.8M | 0.01% |
1,679,013
-1,571,823
| -48% | -$8.65M |
|
1798
Acadia Pharmaceuticals
ACAD
$4.43B
| $14.8M | 0.01% |
553,674
-929,561
| -63% | -$22.2M |
|
1799
CALL
Cheniere Energy
LNG
$55.2B
| $14.8M | 0.01% |
76,000
-43,800
| -37% | -$9.2M |
|
1800
Inter&Co
INTR
$2.47B
| $14.8M | 0.01% |
1,741,713
+349,091
| +25% | +$3.09M |
|
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.