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 | |
|---|---|---|---|---|---|---|
2451
Safety Insurance
SAFT
$1.52B
| $7.79M | ﹤0.01% |
100,000
-39,755
| -28% | -$2.94M |
|
2452
Amphastar Pharmaceuticals
AMPH
$879M
| $7.78M | ﹤0.01% |
290,673
-407,092
| -58% | -$10.5M |
|
2453
Riot Platforms
RIOT
$7.63B
| $7.78M | ﹤0.01% |
613,926
-182,097
| -23% | -$3.11M |
|
2454
Marathon Digital Holdings
MARA
$4.32B
| $7.77M | ﹤0.01% |
865,041
+669,246
| +342% | +$9.88M |
|
|
PRMB
2455
CALL
Primo Brands
PRMB
$8.24B
| $7.77M | ﹤0.01% |
475,000
+74,300
| +19% | +$1.37M |
|
|
MDLN
2456
Medline Inc
MDLN
$33.2B
| $7.75M | ﹤0.01% |
+184,545
| New | +$7.79M |
|
2457
CALL
SLB Ltd
SLB
$73.6B
| $7.75M | ﹤0.01% |
201,900
+14,900
| +8% | +$540K |
|
|
FISV
2458
PUT
Fiserv Inc
FISV
$28.8B
| $7.7M | ﹤0.01% |
114,700
+74,000
| +182% | +$6.19M |
|
|
HSAI
2459
Hesai Group
HSAI
$2.66B
| $7.69M | ﹤0.01% |
343,159
+158,852
| +86% | +$3.47M |
|
2460
SSR Mining
SSRM
$5.32B
| $7.68M | ﹤0.01% |
350,379
+198,544
| +131% | +$4.42M |
|
2461
Old Dominion Freight Line
ODFL
$44.1B
| $7.67M | ﹤0.01% |
48,920
-589,346
| -92% | -$84.5M |
|
2462
Howard Hughes
HHH
$3.81B
| $7.67M | ﹤0.01% |
96,153
+14,695
| +18% | +$1.22M |
|
2463
PUT
Bloom Energy
BE
$60.6B
| $7.66M | ﹤0.01% |
88,200
-190,600
| -68% | -$20M |
|
2464
PUT
Sony
SONY
$137B
| $7.65M | ﹤0.01% |
+298,900
| New | +$8.39M |
|
|
RNGTU
2465
Range Capital Acquisition Corp II Units
RNGTU
| $7.65M | ﹤0.01% |
+750,000
| New | +$7.63M |
|
2466
Evergy
EVRG
$19.1B
| $7.64M | ﹤0.01% |
105,387
+55,759
| +112% | +$4.23M |
|
2467
PUT
Dow Inc
DOW
$21.9B
| $7.62M | ﹤0.01% |
326,100
-190,700
| -37% | -$4.38M |
|
2468
CALL
BioNTech
BNTX
$22.9B
| $7.62M | ﹤0.01% |
+80,000
| New | +$8.06M |
|
2469
CALL
F5
FFIV
$22.9B
| $7.61M | ﹤0.01% |
29,800
-50,400
| -63% | -$13.6M |
|
2470
Omeros
OMER
$857M
| $7.59M | ﹤0.01% |
441,811
+39,997
| +10% | +$344K |
|
2471
Relay Therapeutics
RLAY
$4.1B
| $7.59M | ﹤0.01% |
896,909
+152,865
| +21% | +$1.09M |
|
|
ALUB.U
2472
Alussa Energy Acquisition Corp II Units
ALUB.U
| $7.58M | ﹤0.01% |
+750,000
| New | +$7.58M |
|
2473
ConocoPhillips
COP
$147B
| $7.57M | ﹤0.01% |
80,849
-1,210,525
| -94% | -$109M |
|
2474
CONMED
CNMD
$1.39B
| $7.56M | ﹤0.01% |
186,276
-10,179
| -5% | -$443K |
|
2475
Workday
WDAY
$39.6B
| $7.55M | ﹤0.01% |
35,168
+24,366
| +226% | +$5.54M |
|
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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.