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 | |
|---|---|---|---|---|---|---|
2301
CALL
Commault Systems
CVLT
$4.88B
| $8.91M | ﹤0.01% |
71,100
+57,200
| +412% | +$8.05M |
|
2302
Live Oak Bancshares
LOB
$1.98B
| $8.86M | ﹤0.01% |
258,071
-24,862
| -9% | -$832K |
|
2303
National Fuel Gas
NFG
$7.82B
| $8.86M | ﹤0.01% |
110,706
-90,249
| -45% | -$7.44M |
|
2304
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.2B
| $8.86M | ﹤0.01% |
105,768
+83,435
| +374% | +$7.01M |
|
|
CTLP
2305
DELISTED
Cantaloupe
CTLP
| $8.84M | ﹤0.01% |
832,711
+131,723
| +19% | +$1.4M |
|
2306
Willis Towers Watson
WTW
$31.2B
| $8.84M | ﹤0.01% |
26,900
-41,850
| -61% | -$13.7M |
|
2307
CALL
Akamai
AKAM
$16.7B
| $8.84M | ﹤0.01% |
101,300
+5,500
| +6% | +$452K |
|
2308
Kura Sushi USA
KRUS
$560M
| $8.83M | ﹤0.01% |
168,820
+157,597
| +1,404% | +$8.6M |
|
2309
AGNC Investment
AGNC
$12.4B
| $8.83M | ﹤0.01% |
823,632
-873,167
| -51% | -$8.98M |
|
|
JAMF
2310
DELISTED
Jamf
JAMF
| $8.82M | ﹤0.01% |
677,883
-287,627
| -30% | -$3.49M |
|
2311
CALL
Edwards Lifesciences
EW
$49.6B
| $8.8M | ﹤0.01% |
103,200
-59,000
| -36% | -$4.84M |
|
|
VLRS
2312
Controladora Vuela Compania de Aviacion
VLRS
$900M
| $8.8M | ﹤0.01% |
990,495
+553,251
| +127% | +$4.02M |
|
2313
PUT
Align Technology
ALGN
$12.1B
| $8.79M | ﹤0.01% |
56,300
+5,400
| +11% | +$774K |
|
2314
PUT
Phillips 66
PSX
$84.9B
| $8.79M | ﹤0.01% |
68,100
-12,900
| -16% | -$1.74M |
|
|
EVAC
2315
EQV Ventures Acquisition Corp II
EVAC
$599M
| $8.78M | ﹤0.01% |
875,637
+177,653
| +25% | +$1.78M |
|
|
SMA
2316
SmartStop Self Storage REIT
SMA
$1.86B
| $8.78M | ﹤0.01% |
283,842
-15,113
| -5% | -$511K |
|
2317
Becton Dickinson
BDX
$45.6B
| $8.75M | ﹤0.01% |
45,103
-28,476
| -39% | -$5.42M |
|
2318
CALL
Enphase Energy
ENPH
$4.96B
| $8.75M | ﹤0.01% |
272,900
-121,200
| -31% | -$3.93M |
|
2319
CRA International
CRAI
$1.16B
| $8.74M | ﹤0.01% |
43,548
-59,717
| -58% | -$11.3M |
|
2320
ACV Auctions
ACVA
$1.31B
| $8.72M | ﹤0.01% |
1,087,435
+512,989
| +89% | +$4.15M |
|
2321
Federal Signal
FSS
$7.63B
| $8.72M | ﹤0.01% |
80,291
-90,649
| -53% | -$10.4M |
|
2322
CALL
Best Buy
BBY
$18.2B
| $8.71M | ﹤0.01% |
130,200
+82,800
| +175% | +$6.32M |
|
2323
PUT
Cardinal Health
CAH
$53.9B
| $8.71M | ﹤0.01% |
42,400
-44,000
| -51% | -$8.28M |
|
2324
CALL
Ulta Beauty
ULTA
$22B
| $8.71M | ﹤0.01% |
14,400
+4,300
| +43% | +$2.36M |
|
|
SDHI
2325
Siddhi Acquisition Corp
SDHI
$364M
| $8.71M | ﹤0.01% |
847,093
| – | – |
|
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.