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 | |
|---|---|---|---|---|---|---|
2251
CALL
Agnico Eagle Mines
AEM
$73.6B
| $9.38M | ﹤0.01% |
55,300
+24,100
| +77% | +$4.05M |
|
2252
PUT
Apollo Global Management
APO
$72.4B
| $9.37M | ﹤0.01% |
64,700
-37,600
| -37% | -$4.99M |
|
2253
Sally Beauty Holdings
SBH
$1.43B
| $9.33M | ﹤0.01% |
654,255
-404,103
| -38% | -$6.09M |
|
2254
Amkor Technology
AMKR
$12.4B
| $9.32M | ﹤0.01% |
236,152
-504,254
| -68% | -$17.9M |
|
2255
Heron Therapeutics
HRTX
$93.9M
| $9.32M | ﹤0.01% |
7,169,908
+6,921,405
| +2,785% | +$8.55M |
|
2256
Goosehead Insurance
GSHD
$2.2B
| $9.32M | ﹤0.01% |
126,485
+28,803
| +29% | +$2.05M |
|
2257
PUT
BP
BP
$116B
| $9.31M | ﹤0.01% |
268,100
+174,200
| +186% | +$6.11M |
|
2258
TMC The Metals Company
TMC
$1.54B
| $9.3M | ﹤0.01% |
1,506,924
-388,830
| -21% | -$2.73M |
|
2259
PUT
Royal Caribbean
RCL
$85.1B
| $9.29M | ﹤0.01% |
33,300
+11,000
| +49% | +$3.11M |
|
2260
CALL
MarketAxess Holdings
MKTX
$5.71B
| $9.28M | ﹤0.01% |
51,200
-670,800
| -93% | -$114M |
|
2261
PUT
Nu Holdings
NU
$69.2B
| $9.28M | ﹤0.01% |
554,300
-50,300
| -8% | -$808K |
|
2262
Ichor Holdings
ICHR
$2.62B
| $9.26M | ﹤0.01% |
502,508
-352,503
| -41% | -$6.53M |
|
|
CGAU
2263
Centerra Gold
CGAU
$3.36B
| $9.25M | ﹤0.01% |
643,093
-1,729,578
| -73% | -$21.7M |
|
|
CHCT
2264
Community Healthcare Trust
CHCT
$523M
| $9.25M | ﹤0.01% |
563,209
+92,538
| +20% | +$1.38M |
|
2265
PUT
Duke Energy
DUK
$97.8B
| $9.25M | ﹤0.01% |
78,900
-11,100
| -12% | -$1.36M |
|
2266
PUT
Prologis
PLD
$135B
| $9.24M | ﹤0.01% |
72,400
-39,100
| -35% | -$4.87M |
|
2267
CALL
Inspire Medical Systems
INSP
$1.45B
| $9.24M | ﹤0.01% |
+100,200
| New | +$9.59M |
|
2268
PUT
Automatic Data Processing
ADP
$106B
| $9.23M | ﹤0.01% |
35,900
-183,000
| -84% | -$48.7M |
|
2269
CALL
Cleveland-Cliffs
CLF
$6.57B
| $9.22M | ﹤0.01% |
694,000
+203,800
| +42% | +$2.57M |
|
2270
Artisan Partners
APAM
$2.79B
| $9.21M | ﹤0.01% |
226,035
+78,064
| +53% | +$3.33M |
|
|
CBC
2271
Central Bancompany Inc
CBC
$7.86B
| $9.2M | ﹤0.01% |
+381,552
| New | +$8.98M |
|
2272
PUT
Atlassian
TEAM
$25.6B
| $9.19M | ﹤0.01% |
56,700
-42,700
| -43% | -$6.7M |
|
2273
PUT
AeroVironment
AVAV
$7.56B
| $9.19M | ﹤0.01% |
38,000
+9,000
| +31% | +$2.83M |
|
2274
Cognex
CGNX
$10.9B
| $9.18M | ﹤0.01% |
255,041
+212,302
| +497% | +$8.59M |
|
2275
CALL
Natera
NTRA
$38.3B
| $9.16M | ﹤0.01% |
+40,000
| New | +$8.34M |
|
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.