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 | |
|---|---|---|---|---|---|---|
1826
Steel Dynamics
STLD
$36B
| $14.4M | 0.01% |
84,703
+26,389
| +45% | +$4.19M |
|
1827
Cytokinetics
CYTK
$10.5B
| $14.3M | 0.01% |
225,456
-117,077
| -34% | -$7.28M |
|
1828
Viridian Therapeutics
VRDN
$2.09B
| $14.3M | 0.01% |
460,125
+323,845
| +238% | +$8.88M |
|
1829
Ferrovial N.V. Ordinary Shares
FER
$46.9B
| $14.3M | 0.01% |
223,149
-1,812,349
| -89% | -$115M |
|
1830
Eos Energy Enterprises
EOSE
$1.22B
| $14.2M | 0.01% |
1,243,136
+695,050
| +127% | +$9.99M |
|
1831
Annexon
ANNX
$834M
| $14.2M | 0.01% |
2,836,857
+14,034
| +0.5% | +$53.6K |
|
1832
Sonic Automotive
SAH
$2.89B
| $14.2M | 0.01% |
230,153
-152,964
| -40% | -$10.1M |
|
1833
Copa Holdings
CPA
$5.76B
| $14.2M | 0.01% |
117,930
-335,460
| -74% | -$41M |
|
1834
Peoples Bancorp
PEBO
$1.5B
| $14.2M | 0.01% |
472,456
+72,392
| +18% | +$2.15M |
|
|
BA.PRA
1835
Boeing Co 6.00% Series A Preferred Stock
BA.PRA
$7.68B
| $14.2M | 0.01% |
203,939
-149,491
| -42% | -$9.99M |
|
|
UCTT
1836
Ultra Clean Holdings
UCTT
$3.73B
| $14.2M | 0.01% |
559,955
+506,363
| +945% | +$13.5M |
|
|
TACH
1837
Titan Acquisition Corp
TACH
$360M
| $14.1M | 0.01% |
1,376,980
+75,000
| +6% | +$767K |
|
1838
Realty Income
O
$59.6B
| $14.1M | 0.01% |
250,228
-297,986
| -54% | -$17.3M |
|
1839
CALL
Airbnb
ABNB
$89.9B
| $14.1M | 0.01% |
103,900
-81,900
| -44% | -$10.2M |
|
1840
Expedia Group
EXPE
$35.4B
| $14.1M | 0.01% |
49,772
-167,880
| -77% | -$41.5M |
|
1841
IDT Corp
IDT
$1.64B
| $14.1M | 0.01% |
274,623
-42,099
| -13% | -$2.11M |
|
|
UPB
1842
Upstream Bio Inc
UPB
$343M
| $14M | 0.01% |
517,264
+477,151
| +1,190% | +$11.9M |
|
1843
CALL
TotalEnergies
TTE
$195B
| $14M | 0.01% |
249,800
+236,400
| +1,764% | +$14.9M |
|
1844
Ally Financial
ALLY
$13.2B
| $14M | 0.01% |
309,640
-1,273,077
| -80% | -$52.5M |
|
1845
CALL
Telus
TU
$14.9B
| $14M | 0.01% |
775,000
+500,000
| +182% | +$7.04M |
|
|
AAUC
1846
Allied Gold Corp
AAUC
$2.31B
| $14M | 0.01% |
611,114
-40,201
| -6% | -$774K |
|
1847
Crinetics Pharmaceuticals
CRNX
$8.84B
| $14M | 0.01% |
300,335
+84,091
| +39% | +$3.74M |
|
1848
CALL
Hewlett Packard
HPE
$63.4B
| $14M | 0.01% |
581,800
-127,400
| -18% | -$3M |
|
|
SEMR
1849
DELISTED
Semrush
SEMR
| $14M | 0.01% |
1,175,270
+151,509
| +15% | +$1.42M |
|
1850
PUT
Cigna
CI
$73.8B
| $14M | 0.01% |
50,700
+7,900
| +18% | +$2.21M |
|
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.