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 | |
|---|---|---|---|---|---|---|
2176
CALL
Tyson Foods
TSN
$20.4B
| $10.1M | ﹤0.01% |
+172,200
| New | +$9.46M |
|
2177
PUT
Corning
GLW
$119B
| $10.1M | ﹤0.01% |
115,200
+59,500
| +107% | +$5.12M |
|
2178
Oportun Financial
OPRT
$255M
| $10M | ﹤0.01% |
1,899,552
+667,271
| +54% | +$3.52M |
|
2179
Zymeworks
ZYME
$1.61B
| $10M | ﹤0.01% |
381,621
-723,192
| -65% | -$15.8M |
|
2180
CALL
Elanco Animal Health
ELAN
$13.2B
| $10M | ﹤0.01% |
+443,900
| New | +$9.66M |
|
2181
First Hawaiian
FHB
$3.38B
| $10M | ﹤0.01% |
396,939
+324,561
| +448% | +$8.07M |
|
2182
CALL
Five Below
FIVE
$12B
| $10M | ﹤0.01% |
53,200
+1,500
| +3% | +$244K |
|
2183
Genco Shipping & Trading
GNK
$1.11B
| $10M | ﹤0.01% |
543,290
+272,094
| +100% | +$4.78M |
|
|
NVMI
2184
Nova
NVMI
$12.4B
| $10M | ﹤0.01% |
30,470
+26,277
| +627% | +$8.45M |
|
2185
Dow Inc
DOW
$21.9B
| $10M | ﹤0.01% |
427,868
-2,380,144
| -85% | -$54.7M |
|
2186
EVgo
EVGO
$223M
| $10M | ﹤0.01% |
3,437,643
-2,123,105
| -38% | -$7.72M |
|
2187
CALL
nVent Electric
NVT
$24.9B
| $9.99M | ﹤0.01% |
98,000
+41,600
| +74% | +$4.32M |
|
2188
PUT
Cleveland-Cliffs
CLF
$6.57B
| $9.98M | ﹤0.01% |
751,400
+457,300
| +155% | +$5.77M |
|
|
ITHAU
2189
ITHAX Acquisition Corp III Units
ITHAU
| $9.97M | ﹤0.01% |
+1,000,000
| New | +$9.96M |
|
|
PONY
2190
Pony AI Inc
PONY
$3.42B
| $9.97M | ﹤0.01% |
+687,817
| New | +$11.4M |
|
2191
SharkNinja
SN
$22.9B
| $9.97M | ﹤0.01% |
89,114
-308,141
| -78% | -$30.4M |
|
2192
CALL
STMicroelectronics
STM
$46.7B
| $9.96M | ﹤0.01% |
384,000
+55,500
| +17% | +$1.42M |
|
2193
Brookfield Renewable
BEPC
$6.08B
| $9.95M | ﹤0.01% |
259,537
-135,323
| -34% | -$5.44M |
|
2194
Wave Life Sciences
WVE
$1.09B
| $9.94M | ﹤0.01% |
584,633
+193,884
| +50% | +$1.97M |
|
2195
CALL
Okta
OKTA
$24.7B
| $9.93M | ﹤0.01% |
114,800
-150,100
| -57% | -$13.1M |
|
2196
Aquestive Therapeutics
AQST
$463M
| $9.92M | ﹤0.01% |
1,535,369
+246,040
| +19% | +$1.53M |
|
2197
PUT
Lumentum
LITE
$55.5B
| $9.92M | ﹤0.01% |
26,900
-21,700
| -45% | -$5.57M |
|
2198
Par Pacific Holdings
PARR
$4.31B
| $9.91M | ﹤0.01% |
282,043
+49,221
| +21% | +$1.96M |
|
2199
PUT
Kroger
KR
$35.4B
| $9.9M | ﹤0.01% |
158,400
+85,800
| +118% | +$5.61M |
|
2200
Northwest Natural Holdings
NWN
$2.06B
| $9.89M | ﹤0.01% |
211,536
+205,350
| +3,320% | +$9.58M |
|
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.