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 | |
|---|---|---|---|---|---|---|
2401
FTI Consulting
FCN
$4.4B
| $8.18M | ﹤0.01% |
47,908
-108,374
| -69% | -$17.9M |
|
2402
CALL
Mineralys Therapeutics
MLYS
$2.25B
| $8.17M | ﹤0.01% |
+225,000
| New | +$9.02M |
|
2403
Griffon
GFF
$3.95B
| $8.16M | ﹤0.01% |
110,819
-213,734
| -66% | -$15.9M |
|
2404
PubMatic
PUBM
$585M
| $8.14M | ﹤0.01% |
918,127
+699,549
| +320% | +$6.09M |
|
|
SEM
2405
DELISTED
Select Medical
SEM
| $8.14M | ﹤0.01% |
548,153
-1,042,186
| -66% | -$14.7M |
|
2406
Magnolia Oil & Gas
MGY
$6.09B
| $8.13M | ﹤0.01% |
371,528
+344,069
| +1,253% | +$7.82M |
|
2407
PUT
Enphase Energy
ENPH
$4.96B
| $8.13M | ﹤0.01% |
253,700
-140,600
| -36% | -$4.55M |
|
2408
Pacific Biosciences
PACB
$435M
| $8.12M | ﹤0.01% |
4,344,569
-572,226
| -12% | -$1.1M |
|
2409
CorVel
CRVL
$3.06B
| $8.12M | ﹤0.01% |
119,974
+28,177
| +31% | +$2.04M |
|
2410
Replimune Group
REPL
$941M
| $8.11M | ﹤0.01% |
834,562
-755,183
| -48% | -$6.42M |
|
2411
Nordic American Tanker
NAT
$1.38B
| $8.1M | ﹤0.01% |
2,353,877
-75,546
| -3% | -$267K |
|
2412
Canadian Solar
CSIQ
$1.02B
| $8.08M | ﹤0.01% |
340,118
+203,102
| +148% | +$4.43M |
|
|
NIQ
2413
NIQ Global Intelligence PLC
NIQ
$3.3B
| $8.08M | ﹤0.01% |
490,241
+465,219
| +1,859% | +$6.81M |
|
2414
Timken Company
TKR
$9.56B
| $8.08M | ﹤0.01% |
96,064
-381,843
| -80% | -$30.4M |
|
2415
Cboe Global Markets
CBOE
$32.5B
| $8.08M | ﹤0.01% |
32,197
-156,096
| -83% | -$38.8M |
|
2416
Relmada Therapeutics
RLMD
$557M
| $8.08M | ﹤0.01% |
+1,673,017
| New | +$5.61M |
|
2417
Baytex Energy
BTE
$3.25B
| $8.08M | ﹤0.01% |
2,498,362
-10,965,100
| -81% | -$30.6M |
|
2418
SITE Centers
SITC
$225M
| $8.07M | ﹤0.01% |
1,257,419
+1,200,306
| +2,102% | +$9.07M |
|
2419
CALL
Toast
TOST
$18.7B
| $8.06M | ﹤0.01% |
227,000
+54,900
| +32% | +$1.98M |
|
2420
iShares MSCI United Kingdom ETF
EWU
$4.14B
| $8.06M | ﹤0.01% |
+183,268
| New | +$7.85M |
|
2421
Carlisle Companies
CSL
$14.3B
| $8.06M | ﹤0.01% |
25,197
-57,685
| -70% | -$18.7M |
|
2422
Arbor Realty Trust
ABR
$964M
| $8.05M | ﹤0.01% |
1,037,764
+956,625
| +1,179% | +$9.38M |
|
2423
Cabot Corp
CBT
$4.54B
| $8.04M | ﹤0.01% |
121,301
-22,912
| -16% | -$1.53M |
|
2424
CALL
HubSpot
HUBS
$12.2B
| $8.03M | ﹤0.01% |
20,000
+8,400
| +72% | +$3.48M |
|
2425
Welltower
WELL
$169B
| $8.02M | ﹤0.01% |
43,212
-422,794
| -91% | -$79M |
|
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.