Millennium Management 13F, Q4 2025
Israel Englander · quarter ending 31 December 2025 · filed 17 February 2026 · SEC CIK 1273087
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 1,882 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.
Largest positions, Q4 2025
The 25 largest of 4,067 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2025 filing.
| Company | Ticker | Value | % of book | vs Q3 2025 |
|---|---|---|---|---|
| ISHARES TR | IVV | $9.93B | 7.1% | +93% shares |
| WALMART INC | WMT | $4.54B | 3.3% | +1002% shares |
| NVIDIA CORPORATION | NVDA | $2.84B | 2.0% | -17% shares |
| SPDR S&P 500 ETF TR | SPY | $2.49B | 1.8% | +135% shares |
| ISHARES BITCOIN TRUST ETF | IBIT | $1.70B | 1.2% | +67% shares |
| BROADCOM INC | AVGO | $1.54B | 1.1% | +146% shares |
| APPLE INC | AAPL | $1.35B | 1.0% | -29% shares |
| NORFOLK SOUTHN CORP | NSC | $1.20B | 0.9% | +57% shares |
| MICROSOFT CORP | MSFT | $1.11B | 0.8% | -33% shares |
| BOSTON SCIENTIFIC CORP | BSX | $1.03B | 0.7% | +32% shares |
| WESTERN DIGITAL CORP | WDC 3 11/15/28 | $918.14M | 0.7% | +11% shares |
| CYBERARK SOFTWARE LTD | $913.38M | 0.7% | +108% shares | |
| ELECTRONIC ARTS INC | EA | $857.19M | 0.6% | +398% shares |
| INTUITIVE SURGICAL INC | ISRG | $842.15M | 0.6% | +470% shares |
| ALPHABET INC | GOOGL | $840.14M | 0.6% | -25% shares |
| AMAZON COM INC | AMZN | $838.90M | 0.6% | -3% shares |
| FREEPORT-MCMORAN INC | FCX | $809.44M | 0.6% | +29% shares |
| ALPHABET INC | GOOG | $785.54M | 0.6% | -26% shares |
| WARNER BROS DISCOVERY INC | WBD | $738.11M | 0.5% | +419% shares |
| META PLATFORMS INC | META | $732.32M | 0.5% | -20% shares |
| MERCK & CO INC | MRK | $715.80M | 0.5% | +791% shares |
| NVENT ELECTRIC PLC | $625.47M | 0.5% | +24% shares | |
| JPMORGAN CHASE & CO. | JPM | $563.89M | 0.4% | +26% shares |
| ISHARES ETHEREUM TR | ETHA | $562.75M | 0.4% | -26% shares |
| FIDELITY WISE ORIGIN BITCOIN | FBTC | $555.96M | 0.4% | -2% shares |
What changed since Q3 2025
Against the Q3 2025 filing, Millennium Management opened 511 new positions, added to 1,563, trimmed 1,858, left 135 unchanged and exited 432. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- IWB$169.96M
- BTU 3.25 03/01/28$89.56M
- GVA 3.75 05/15/28$89.10M
- SOLS$87.80M
- GIL$83.00M
- SUNC$76.89M
- MARA 0 06/01/31$52.43M
- LITE 0.5 12/15/26$46.45M
and 503 more
Exited
- BE 3 06/01/28was $287.70M
- MR COOPER GROUP INCwas $277.41M
- SEA LTDwas $256.07M
- KELLANOVAwas $252.41M
- VERONA PHARMA PLCwas $191.73M
- FDNwas $181.93M
- ETHwas $177.73M
- INTERPUBLIC GROUP COS INCwas $141.04M
and 424 more
Other quarters
Source: SEC Form 13F-HR, accession 0001273087-26-000002, filed by MILLENNIUM MANAGEMENT LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.