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 | |
|---|---|---|---|---|---|---|
2351
CALL
Amphenol
APH
$198B
| $8.5M | ﹤0.01% |
62,900
-205,200
| -77% | -$27.4M |
|
2352
Zillow
Z
$7.79B
| $8.49M | ﹤0.01% |
124,404
+47,827
| +62% | +$3.46M |
|
2353
DigitalOcean
DOCN
$13.7B
| $8.48M | ﹤0.01% |
176,242
+151,367
| +609% | +$6.67M |
|
2354
Eversource Energy
ES
$26.9B
| $8.48M | ﹤0.01% |
125,954
-1,376,919
| -92% | -$96.7M |
|
2355
PC Connection
CNXN
$2.11B
| $8.47M | ﹤0.01% |
146,686
-54,143
| -27% | -$3.23M |
|
2356
CALL
AeroVironment
AVAV
$7.56B
| $8.47M | ﹤0.01% |
35,000
+15,500
| +79% | +$4.87M |
|
2357
Blackbaud
BLKB
$1.94B
| $8.46M | ﹤0.01% |
133,603
-227,732
| -63% | -$14.1M |
|
2358
Banco Santander Chile
BSAC
$16.3B
| $8.46M | ﹤0.01% |
271,827
+187,151
| +221% | +$5.45M |
|
2359
PUT
GeneDx Holdings
WGS
$1.93B
| $8.45M | ﹤0.01% |
+65,000
| New | +$8.92M |
|
2360
West Fraser Timber
WFG
$5.08B
| $8.45M | ﹤0.01% |
+138,329
| New | +$8.66M |
|
2361
CALL
Cintas
CTAS
$81.9B
| $8.43M | ﹤0.01% |
44,800
-32,100
| -42% | -$6.05M |
|
|
HELP
2362
Cybin Inc
HELP
$485M
| $8.41M | ﹤0.01% |
1,028,549
+959,448
| +1,388% | +$6.18M |
|
2363
Quest Diagnostics
DGX
$25.7B
| $8.4M | ﹤0.01% |
48,416
+38,058
| +367% | +$6.93M |
|
|
CALY
2364
Callaway Golf Company
CALY
$3.32B
| $8.4M | ﹤0.01% |
719,393
+501,373
| +230% | +$5.29M |
|
2365
Brookfield
BN
$104B
| $8.39M | ﹤0.01% |
+182,790
| New | +$8.33M |
|
|
AIV
2366
Aimco
AIV
$387M
| $8.38M | ﹤0.01% |
1,410,786
-3,030,099
| -68% | -$18.1M |
|
2367
PUT
Generac Holdings
GNRC
$11.6B
| $8.37M | ﹤0.01% |
61,400
+46,500
| +312% | +$7.5M |
|
2368
Beam Therapeutics
BEAM
$2.63B
| $8.36M | ﹤0.01% |
301,650
+271,900
| +914% | +$6.94M |
|
2369
NovoCure
NVCR
$1.73B
| $8.36M | ﹤0.01% |
646,666
-688,824
| -52% | -$8.84M |
|
|
VZLA
2370
Vizsla Silver
VZLA
$1.1B
| $8.36M | ﹤0.01% |
1,525,746
+556,012
| +57% | +$2.61M |
|
|
CFLT
2371
CALL
DELISTED
Confluent
CFLT
| $8.36M | ﹤0.01% |
276,400
-951,600
| -77% | -$23.4M |
|
2372
iShares US Transportation ETF
IYT
$2.26B
| $8.34M | ﹤0.01% |
+111,900
| New | +$8.13M |
|
2373
PUT
Peabody Energy
BTU
$2.6B
| $8.33M | ﹤0.01% |
280,400
-11,300
| -4% | -$332K |
|
2374
Erasca
ERAS
$6.3B
| $8.33M | ﹤0.01% |
2,237,951
-676,868
| -23% | -$1.9M |
|
2375
CALL
Cameco
CCJ
$37.6B
| $8.32M | ﹤0.01% |
90,900
-17,400
| -16% | -$1.57M |
|
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.