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 | |
|---|---|---|---|---|---|---|
|
XRP
2226
Bitwise XRP ETF
XRP
$240M
| $9.62M | ﹤0.01% |
+468,894
| New | +$10.5M |
|
2227
Insight Enterprises
NSIT
$3.89B
| $9.61M | ﹤0.01% |
118,000
+107,145
| +987% | +$10M |
|
2228
Anterix
ATEX
$1.81B
| $9.6M | ﹤0.01% |
439,946
+404,838
| +1,153% | +$8.41M |
|
|
HAVAU
2229
Harvard Ave Acquisition Corporation Unit
HAVAU
| $9.59M | ﹤0.01% |
+950,000
| New | +$9.52M |
|
2230
Mine Safety
MSA
$7.35B
| $9.58M | ﹤0.01% |
59,849
+5,531
| +10% | +$901K |
|
2231
Tarsus Pharmaceuticals
TARS
$2.58B
| $9.58M | ﹤0.01% |
117,004
+16,436
| +16% | +$1.23M |
|
|
CMPS
2232
Compass Pathways
CMPS
$1.53B
| $9.57M | ﹤0.01% |
1,387,658
-1,328,214
| -49% | -$8.1M |
|
2233
CALL
American Tower
AMT
$80.8B
| $9.57M | ﹤0.01% |
54,500
-75,600
| -58% | -$13.8M |
|
2234
Upstart Holdings
UPST
$2.63B
| $9.57M | ﹤0.01% |
218,753
-237,498
| -52% | -$10.9M |
|
|
TDAY
2235
USA Today Co
TDAY
$1.27B
| $9.56M | ﹤0.01% |
1,857,280
+1,592,053
| +600% | +$7.48M |
|
|
SBXE.U
2236
SilverBox Corp V Units
SBXE.U
| $9.56M | ﹤0.01% |
+950,000
| New | +$9.58M |
|
|
ONC
2237
BeOne Medicines Ltd
ONC
$32.8B
| $9.56M | ﹤0.01% |
31,451
+13,602
| +76% | +$4.45M |
|
2238
Watsco Inc
WSO
$12.7B
| $9.55M | ﹤0.01% |
28,355
-24,083
| -46% | -$8.6M |
|
2239
PUT
Hims & Hers Health
HIMS
$6.43B
| $9.54M | ﹤0.01% |
293,800
-772,500
| -72% | -$33.1M |
|
2240
World Acceptance Corp
WRLD
$838M
| $9.5M | ﹤0.01% |
67,649
+58,982
| +681% | +$8.88M |
|
|
CTNM
2241
Contineum Therapeutics
CTNM
$583M
| $9.49M | ﹤0.01% |
830,687
+184,665
| +29% | +$2.11M |
|
2242
Sturm, Ruger & Co
RGR
$594M
| $9.49M | ﹤0.01% |
+290,530
| New | +$10.8M |
|
2243
Invesco Senior Loan ETF
BKLN
$6.97B
| $9.48M | ﹤0.01% |
+451,650
| New | +$9.45M |
|
2244
CALL
Mondelez International
MDLZ
$79.5B
| $9.48M | ﹤0.01% |
176,100
-51,200
| -23% | -$2.95M |
|
2245
Spectrum Brands
SPB
$2.04B
| $9.45M | ﹤0.01% |
159,868
+44,154
| +38% | +$2.48M |
|
2246
PUT
Chubb
CB
$135B
| $9.43M | ﹤0.01% |
30,200
+4,500
| +18% | +$1.32M |
|
2247
NCR Atleos
NATL
$3.47B
| $9.42M | ﹤0.01% |
247,259
-131,768
| -35% | -$4.94M |
|
2248
CALL
Pan American Silver
PAAS
$18.2B
| $9.41M | ﹤0.01% |
181,600
+56,100
| +45% | +$2.35M |
|
2249
Check Point Software Technologies
CHKP
$13B
| $9.4M | ﹤0.01% |
+50,672
| New | +$9.8M |
|
2250
CALL
BioMarin Pharmaceuticals
BMRN
$11.6B
| $9.39M | ﹤0.01% |
158,000
+46,100
| +41% | +$2.51M |
|
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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.