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 | |
|---|---|---|---|---|---|---|
2151
CALL
Illinois Tool Works
ITW
$82.6B
| $10.3M | ﹤0.01% |
42,000
+14,000
| +50% | +$3.49M |
|
2152
UBS Group
UBS
$173B
| $10.3M | ﹤0.01% |
223,253
-13,066
| -6% | -$528K |
|
2153
Conagra Brands
CAG
$6.94B
| $10.3M | ﹤0.01% |
596,963
-1,252,915
| -68% | -$22.2M |
|
|
CRCL
2154
Circle Internet Group
CRCL
$15.6B
| $10.3M | ﹤0.01% |
130,197
+108,453
| +499% | +$11.2M |
|
2155
Nextpower Inc
NXT
$13.6B
| $10.3M | ﹤0.01% |
118,383
-102,891
| -46% | -$9.33M |
|
|
CRWV
2156
CALL
CoreWeave
CRWV
$39.2B
| $10.3M | ﹤0.01% |
144,000
-8,500
| -6% | -$862K |
|
|
SAC.U
2157
Safeguard Acquisition Corp Units
SAC.U
| $10.3M | ﹤0.01% |
+1,020,000
| New | +$10.3M |
|
2158
CALL
Cadence Design Systems
CDNS
$93.6B
| $10.3M | ﹤0.01% |
32,900
-30,600
| -48% | -$9.99M |
|
2159
WEX
WEX
$6.37B
| $10.3M | ﹤0.01% |
68,942
+49,220
| +250% | +$7.42M |
|
2160
PUT
Kraft Heinz
KHC
$30.7B
| $10.3M | ﹤0.01% |
422,700
-206,400
| -33% | -$5.13M |
|
2161
CALL
Super Micro Computer
SMCI
$18.4B
| $10.2M | ﹤0.01% |
350,100
-516,600
| -60% | -$21.3M |
|
2162
Matsons
MATX
$6.13B
| $10.2M | ﹤0.01% |
82,919
-372,214
| -82% | -$40M |
|
2163
CALL
General Dynamics
GD
$104B
| $10.2M | ﹤0.01% |
30,400
-17,700
| -37% | -$6.04M |
|
2164
Clean Harbors
CLH
$16.5B
| $10.2M | ﹤0.01% |
43,592
+13,216
| +44% | +$3.02M |
|
2165
WillScot Mobile Mini Holdings
WSC
$4.39B
| $10.2M | ﹤0.01% |
541,832
-365,771
| -40% | -$7.38M |
|
2166
EyePoint Inc
EYPT
$1.03B
| $10.2M | ﹤0.01% |
556,469
+73,415
| +15% | +$1.04M |
|
2167
Zevra Therapeutics
ZVRA
$562M
| $10.2M | ﹤0.01% |
1,134,358
+99,107
| +10% | +$937K |
|
2168
CALL
Celsius Holdings
CELH
$7.47B
| $10.2M | ﹤0.01% |
222,100
-27,800
| -11% | -$1.4M |
|
2169
CALL
Lockheed Martin
LMT
$134B
| $10.2M | ﹤0.01% |
21,000
-1,700
| -7% | -$814K |
|
2170
The Greenbrier Companies
GBX
$1.52B
| $10.1M | ﹤0.01% |
217,154
-40,152
| -16% | -$1.8M |
|
2171
CALL
Union Pacific
UNP
$174B
| $10.1M | ﹤0.01% |
43,800
-28,300
| -39% | -$6.46M |
|
2172
Essex Property Trust
ESS
$18.3B
| $10.1M | ﹤0.01% |
38,651
+13,576
| +54% | +$3.51M |
|
2173
Vera Therapeutics
VERA
$2.3B
| $10.1M | ﹤0.01% |
199,723
-398,731
| -67% | -$14.2M |
|
|
WW
2174
WW International
WW
$144M
| $10.1M | ﹤0.01% |
346,060
+63,625
| +23% | +$1.78M |
|
2175
CALL
Ameriprise Financial
AMP
$48.3B
| $10.1M | ﹤0.01% |
+20,600
| New | +$9.78M |
|
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.