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 | |
|---|---|---|---|---|---|---|
|
SVAQU
2101
Silicon Valley Acquisition Corp Units
SVAQU
| $10.9M | ﹤0.01% |
+1,100,000
| New | +$10.9M |
|
2102
Alkami Technology
ALKT
$1.94B
| $10.9M | ﹤0.01% |
473,758
+85,775
| +22% | +$1.89M |
|
2103
Shinhan Financial Group
SHG
$32.8B
| $10.9M | ﹤0.01% |
203,703
+105,677
| +108% | +$5.58M |
|
2104
Vestis
VSTS
$1.91B
| $10.9M | ﹤0.01% |
1,637,811
-1,245,564
| -43% | -$7.26M |
|
2105
Steris
STE
$22.3B
| $10.9M | ﹤0.01% |
42,994
+20,725
| +93% | +$5.2M |
|
2106
Qfin Holdings
QFIN
$1.69B
| $10.9M | ﹤0.01% |
564,487
-333,984
| -37% | -$7.5M |
|
|
FRMI
2107
Fermi Inc
FRMI
$3.63B
| $10.9M | ﹤0.01% |
+1,358,815
| New | +$26.5M |
|
2108
CALL
Rivian
RIVN
$22B
| $10.8M | ﹤0.01% |
550,200
-29,900
| -5% | -$475K |
|
|
PPTA
2109
Perpetua Resources
PPTA
$2.3B
| $10.8M | ﹤0.01% |
447,787
-1,023,747
| -70% | -$25.2M |
|
2110
Agios Pharmaceuticals
AGIO
$1.79B
| $10.8M | ﹤0.01% |
398,267
+393,218
| +7,788% | +$13.8M |
|
2111
CALL
Hecla Mining
HL
$9.47B
| $10.8M | ﹤0.01% |
564,000
+498,000
| +755% | +$7.61M |
|
2112
AngioDynamics
ANGO
$611M
| $10.8M | ﹤0.01% |
842,548
-950,604
| -53% | -$11.7M |
|
2113
Booz Allen Hamilton
BAH
$8.39B
| $10.8M | ﹤0.01% |
128,164
-226,176
| -64% | -$20.2M |
|
2114
PUT
Wayfair
W
$11.2B
| $10.8M | ﹤0.01% |
107,600
-55,100
| -34% | -$5.3M |
|
2115
Quanta Services
PWR
$100B
| $10.8M | ﹤0.01% |
25,571
+12,267
| +92% | +$5.39M |
|
2116
Methanex
MEOH
$4.3B
| $10.8M | ﹤0.01% |
271,649
-885,584
| -77% | -$32.9M |
|
2117
Novanta
NOVT
$5.08B
| $10.8M | ﹤0.01% |
90,441
+37,839
| +72% | +$4.31M |
|
|
XYZ
2118
Block Inc
XYZ
$48.4B
| $10.7M | ﹤0.01% |
164,945
+30,225
| +22% | +$2.08M |
|
2119
CALL
Emerson Electric
EMR
$83.9B
| $10.7M | ﹤0.01% |
80,700
+26,100
| +48% | +$3.46M |
|
2120
LeMaitre Vascular
LMAT
$2.32B
| $10.7M | ﹤0.01% |
131,931
+24,794
| +23% | +$2.13M |
|
2121
Vornado Realty Trust
VNO
$7.41B
| $10.7M | ﹤0.01% |
321,099
+269,178
| +518% | +$9.83M |
|
2122
PUT
AES
AES
$10.5B
| $10.7M | ﹤0.01% |
744,100
-159,000
| -18% | -$2.24M |
|
2123
NCR Voyix
VYX
$1.14B
| $10.7M | ﹤0.01% |
1,045,233
+402,214
| +63% | +$4.37M |
|
2124
Bilibili
BILI
$7.99B
| $10.7M | ﹤0.01% |
433,200
+198,286
| +84% | +$5.34M |
|
2125
American Battery Technology Co
ABAT
$285M
| $10.6M | ﹤0.01% |
3,180,635
+1,975,021
| +164% | +$9.25M |
|
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.