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← Millennium Management LLC, its record

Millennium Management LLC and Neuberger Berman Group LLC: where the books meet

At Q2 2026, at least 16% of the two 13F books was the same, across 157 stocks both listed, against 15% at Q2 2013. Overlap is the smaller of each shared stock’s two weights, added up: the part of one book that could be swapped for the other’s without a trade.

Overlap by quarter
0%11%23%Q2 2013: 15%, 158 in bothQ3 2013: 15%, 144 in bothQ4 2013: 16%, 142 in bothQ1 2014: 14%, 136 in both14Q2 2014: 17%, 148 in bothQ3 2014: 14%, 137 in bothQ4 2014: 17%, 153 in bothQ1 2015: 16%, 138 in both15Q2 2015: 18%, 166 in bothQ3 2015: 17%, 153 in bothQ4 2015: 19%, 162 in bothQ1 2016: 19%, 165 in both16Q2 2016: 19%, 158 in bothQ3 2016: 19%, 171 in bothQ4 2016: 20%, 163 in bothQ1 2017: 19%, 163 in both17Q2 2017: 18%, 160 in bothQ3 2017: 17%, 156 in bothQ4 2017: 21%, 187 in bothQ1 2018: 21%, 189 in both18Q2 2018: 20%, 168 in bothQ3 2018: 22%, 186 in bothQ4 2018: 23%, 184 in bothQ1 2019: 19%, 171 in both19Q2 2019: 17%, 149 in bothQ3 2019: 18%, 163 in bothQ4 2019: 17%, 156 in bothQ1 2020: 15%, 149 in both20Q2 2020: 15%, 159 in bothQ3 2020: 13%, 139 in bothQ4 2020: 18%, 156 in bothQ1 2021: 14%, 152 in both21Q2 2021: 12%, 140 in bothQ3 2021: 11%, 130 in bothQ4 2021: 11%, 123 in bothQ1 2022: 10%, 141 in both22Q2 2022: 11%, 145 in bothQ3 2022: 12%, 152 in bothQ4 2022: 12%, 145 in bothQ1 2023: 13%, 162 in both23Q2 2023: 15%, 163 in bothQ3 2023: 16%, 150 in bothQ4 2023: 14%, 131 in bothQ1 2024: 16%, 156 in both24Q2 2024: 19%, 167 in bothQ3 2024: 16%, 162 in bothQ4 2024: 17%, 152 in bothQ1 2025: 16%, 150 in both25Q2 2025: 14%, 145 in bothQ3 2025: 17%, 154 in bothQ4 2025: 17%, 149 in bothQ1 2026: 17%, 153 in both26Q2 2026: 16%, 157 in both
  • Q2 2013: 15%, 158 in both
  • Q3 2013: 15%, 144 in both
  • Q4 2013: 16%, 142 in both
  • Q1 2014: 14%, 136 in both
  • Q2 2014: 17%, 148 in both
  • Q3 2014: 14%, 137 in both
  • Q4 2014: 17%, 153 in both
  • Q1 2015: 16%, 138 in both
  • Q2 2015: 18%, 166 in both
  • Q3 2015: 17%, 153 in both
  • Q4 2015: 19%, 162 in both
  • Q1 2016: 19%, 165 in both
  • Q2 2016: 19%, 158 in both
  • Q3 2016: 19%, 171 in both
  • Q4 2016: 20%, 163 in both
  • Q1 2017: 19%, 163 in both
  • Q2 2017: 18%, 160 in both
  • Q3 2017: 17%, 156 in both
  • Q4 2017: 21%, 187 in both
  • Q1 2018: 21%, 189 in both
  • Q2 2018: 20%, 168 in both
  • Q3 2018: 22%, 186 in both
  • Q4 2018: 23%, 184 in both
  • Q1 2019: 19%, 171 in both
  • Q2 2019: 17%, 149 in both
  • Q3 2019: 18%, 163 in both
  • Q4 2019: 17%, 156 in both
  • Q1 2020: 15%, 149 in both
  • Q2 2020: 15%, 159 in both
  • Q3 2020: 13%, 139 in both
  • Q4 2020: 18%, 156 in both
  • Q1 2021: 14%, 152 in both
  • Q2 2021: 12%, 140 in both
  • Q3 2021: 11%, 130 in both
  • Q4 2021: 11%, 123 in both
  • Q1 2022: 10%, 141 in both
  • Q2 2022: 11%, 145 in both
  • Q3 2022: 12%, 152 in both
  • Q4 2022: 12%, 145 in both
  • Q1 2023: 13%, 162 in both
  • Q2 2023: 15%, 163 in both
  • Q3 2023: 16%, 150 in both
  • Q4 2023: 14%, 131 in both
  • Q1 2024: 16%, 156 in both
  • Q2 2024: 19%, 167 in both
  • Q3 2024: 16%, 162 in both
  • Q4 2024: 17%, 152 in both
  • Q1 2025: 16%, 150 in both
  • Q2 2025: 14%, 145 in both
  • Q3 2025: 17%, 154 in both
  • Q4 2025: 17%, 149 in both
  • Q1 2026: 17%, 153 in both
  • Q2 2026: 16%, 157 in both

Only quarters both managers filed. Where either filing has more positions than are read each quarter, a stock both hold below that range is not counted, so the figure is a floor.

What the overlap is made of, Q2 2026

Stocks both listed, by the smaller of the two weights. A weight is the stock’s share of that manager’s reported book, which says how large the position is, not how strongly it is held.

StockMillennium Management LLCNeuberger Berman Group LLC
iShares(IVV)3.9%Added1.3%Added
Nvidia Corp(NVDA)0.9%Added4.1%Added
Microsoft Corp(MSFT)0.6%Added2.6%Trimmed
Vanguard Index Funds(VOO)0.5%Added0.4%Added
Amazon Com Inc(AMZN)0.4%Added3.1%Added
SanDisk Corp(SNDK)0.3%Trimmed0.3%Trimmed
874039100(TSM)0.3%New0.4%Trimmed
Facebook Inc(META)0.3%Trimmed0.9%Added
Unitedhealth Group Inc(UNH)0.2%Added0.3%Added
Space Exploration Techn Corp(SPCX)1.1%New0.2%New
Micron Technology Inc(MU)0.2%Trimmed0.7%Trimmed
Freeport Mcmoran Copper &(FCX)0.3%Trimmed0.2%Added
Chevron Corp New(CVX)0.2%Added0.3%Trimmed
Advanced Micro Devices Inc(AMD)0.2%Trimmed0.6%Trimmed
Cheniere Energy Inc(LNG)0.2%New0.3%Trimmed
09290d101(BLK)0.2%Trimmed0.2%Trimmed
Danaher Corp Del(DHR)0.1%Added0.2%Trimmed
Tesla MTRS Inc(TSLA)0.1%Trimmed0.2%Added
Mastercard Inc(MA)0.1%Trimmed0.4%Trimmed
Wells Fargo & Co New(WFC)0.1%Added0.2%Trimmed

and 137 smaller ones

Moved different ways in Q2 2026

Stocks one manager started or added to while the other trimmed or sold out, between the same two quarter ends. A 13F shows the quarter ends, never when in between anything was bought or sold, or why.

  • Apple Inc(AAPL)Millennium Management LLC trimmed; Neuberger Berman Group LLC added
  • Microsoft Corp(MSFT)Millennium Management LLC added; Neuberger Berman Group LLC trimmed
  • Alphabet Inc(GOOG)Millennium Management LLC trimmed; Neuberger Berman Group LLC added
  • JPMorgan Chase & Co(JPM)Millennium Management LLC trimmed; Neuberger Berman Group LLC added
  • Norfolk Southern Corp(NSC)Millennium Management LLC added; Neuberger Berman Group LLC trimmed
  • Facebook Inc(META)Millennium Management LLC trimmed; Neuberger Berman Group LLC added
  • Amphenol Corp New-cl A(APH)Millennium Management LLC trimmed; Neuberger Berman Group LLC added
  • Visa Inc(V)Millennium Management LLC added; Neuberger Berman Group LLC trimmed
  • Berkshire Hathaway Inc Del(BRK-B)Millennium Management LLC trimmed; Neuberger Berman Group LLC added
  • Williams Cos Inc Del(WMB)Millennium Management LLC trimmed; Neuberger Berman Group LLC added
  • Applied Matls Inc(AMAT)Millennium Management LLC trimmed; Neuberger Berman Group LLC added
  • Costco WHSL Corp New(COST)Millennium Management LLC added; Neuberger Berman Group LLC trimmed
Millennium Management LLC: the recordNeuberger Berman Group LLC: the record

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