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 | |
|---|---|---|---|---|---|---|
2376
BancFirst
BANF
$3.79B
| $8.32M | ﹤0.01% |
+78,441
| New | +$8.87M |
|
2377
Oppenheimer Holdings
OPY
$1.14B
| $8.29M | ﹤0.01% |
114,737
+41,485
| +57% | +$2.89M |
|
|
DSACU
2378
Daedalus Special Acquisition Corp Unit
DSACU
| $8.28M | ﹤0.01% |
+825,000
| New | +$8.29M |
|
2379
PUT
CoStar Group
CSGP
$11.7B
| $8.28M | ﹤0.01% |
123,100
-30,600
| -20% | -$2.17M |
|
2380
PUT
MGM Resorts International
MGM
$11.4B
| $8.27M | ﹤0.01% |
226,700
-244,600
| -52% | -$8.3M |
|
2381
CALL
Chubb
CB
$135B
| $8.27M | ﹤0.01% |
26,500
+20,200
| +321% | +$5.91M |
|
2382
PUT
iShares MSCI Brazil ETF
EWZ
$9.28B
| $8.26M | ﹤0.01% |
260,000
-325,000
| -56% | -$10.3M |
|
2383
Benitec Biopharma
BNTC
$402M
| $8.26M | ﹤0.01% |
+613,160
| New | +$8.48M |
|
2384
PUT
Ferrari
RACE
$69.2B
| $8.24M | ﹤0.01% |
23,400
+4,400
| +23% | +$1.76M |
|
|
NUVL
2385
DELISTED
Nuvalent
NUVL
| $8.23M | ﹤0.01% |
+81,866
| New | +$8.07M |
|
2386
PUT
Deckers Outdoor
DECK
$13.2B
| $8.23M | ﹤0.01% |
79,400
-9,800
| -11% | -$919K |
|
|
NBIS
2387
Nebius Group N.V.
NBIS
$48.3B
| $8.23M | ﹤0.01% |
98,311
-2,319,266
| -96% | -$240M |
|
|
AVNS
2388
DELISTED
Avanos Medical
AVNS
| $8.22M | ﹤0.01% |
731,900
-164,342
| -18% | -$1.88M |
|
2389
PUT
Biogen
BIIB
$30B
| $8.22M | ﹤0.01% |
46,700
-214,300
| -82% | -$35M |
|
2390
Mueller Industries
MLI
$14.7B
| $8.22M | ﹤0.01% |
143,180
-987,134
| -87% | -$53.1M |
|
2391
PRA Group
PRAA
$663M
| $8.21M | ﹤0.01% |
464,320
+328,804
| +243% | +$5.12M |
|
2392
CALL
Becton Dickinson
BDX
$45.6B
| $8.21M | ﹤0.01% |
42,300
-5,600
| -12% | -$1.07M |
|
2393
Summit Therapeutics
SMMT
$10.4B
| $8.2M | ﹤0.01% |
469,017
+348,503
| +289% | +$6.56M |
|
2394
Celcuity
CELC
$4.21B
| $8.2M | ﹤0.01% |
82,243
-444,372
| -84% | -$36.5M |
|
|
PSKY
2395
CALL
Paramount Skydance Corp
PSKY
$8.91B
| $8.2M | ﹤0.01% |
612,100
-98,900
| -14% | -$1.54M |
|
|
CRAQ
2396
Cal Redwood Acquisition Corp
CRAQ
| $8.2M | ﹤0.01% |
808,737
+108,737
| +16% | +$1.1M |
|
2397
NuScale Power
SMR
$2.91B
| $8.19M | ﹤0.01% |
578,236
+295,226
| +104% | +$8.44M |
|
2398
PUT
CME Group
CME
$96.3B
| $8.19M | ﹤0.01% |
30,000
+4,500
| +18% | +$1.22M |
|
|
KRSP.U
2399
Rice Acquisition Corp 3 Units
KRSP.U
| $8.19M | ﹤0.01% |
+780,136
| New | +$8.33M |
|
2400
PUT
Roper Technologies
ROP
$38.8B
| $8.19M | ﹤0.01% |
+18,400
| New | +$8.52M |
|
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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.