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← Millennium Management LLC, its record

Millennium Management LLC and Verition Fund Management LLC: where the books meet

At Q2 2026, at least 16% of the two 13F books was the same, across 126 stocks both listed, against 13% 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%12%23%Q2 2013: 13%, 167 in bothQ3 2013: 12%, 164 in bothQ4 2013: 10.0%, 133 in bothQ1 2014: 8.0%, 118 in both14Q2 2014: 12%, 178 in bothQ3 2014: 13%, 173 in bothQ4 2014: 6.2%, 86 in bothQ1 2015: 5.0%, 105 in both15Q2 2015: 15%, 164 in bothQ3 2015: 21%, 187 in bothQ4 2015: 17%, 160 in bothQ1 2016: 20%, 193 in both16Q2 2016: 23%, 211 in bothQ3 2016: 18%, 180 in bothQ4 2016: 23%, 218 in bothQ1 2017: 22%, 201 in both17Q2 2017: 14%, 145 in bothQ3 2017: 18%, 183 in bothQ4 2017: 19%, 200 in bothQ1 2018: 22%, 214 in both18Q2 2018: 22%, 214 in bothQ3 2018: 22%, 213 in bothQ4 2018: 15%, 160 in bothQ1 2019: 11%, 145 in both19Q2 2019: 11%, 150 in bothQ3 2019: 8.8%, 126 in bothQ4 2019: 10%, 138 in bothQ1 2020: 4.5%, 103 in both20Q2 2020: 8.9%, 140 in bothQ3 2020: 7.0%, 127 in bothQ4 2020: 11%, 100 in bothQ1 2021: 7.0%, 64 in both21Q2 2021: 7.2%, 82 in bothQ3 2021: 4.5%, 64 in bothQ4 2021: 5.3%, 56 in bothQ1 2022: 6.3%, 76 in both22Q2 2022: 8.0%, 101 in bothQ3 2022: 8.3%, 104 in bothQ4 2022: 6.4%, 76 in bothQ1 2023: 9.9%, 126 in both23Q2 2023: 9.3%, 113 in bothQ3 2023: 12%, 128 in bothQ4 2023: 11%, 111 in bothQ1 2024: 12%, 111 in both24Q2 2024: 14%, 143 in bothQ3 2024: 13%, 141 in bothQ4 2024: 16%, 171 in bothQ1 2025: 16%, 159 in both25Q2 2025: 13%, 157 in bothQ3 2025: 15%, 149 in bothQ4 2025: 18%, 129 in bothQ1 2026: 14%, 135 in both26Q2 2026: 16%, 126 in both
  • Q2 2013: 13%, 167 in both
  • Q3 2013: 12%, 164 in both
  • Q4 2013: 10.0%, 133 in both
  • Q1 2014: 8.0%, 118 in both
  • Q2 2014: 12%, 178 in both
  • Q3 2014: 13%, 173 in both
  • Q4 2014: 6.2%, 86 in both
  • Q1 2015: 5.0%, 105 in both
  • Q2 2015: 15%, 164 in both
  • Q3 2015: 21%, 187 in both
  • Q4 2015: 17%, 160 in both
  • Q1 2016: 20%, 193 in both
  • Q2 2016: 23%, 211 in both
  • Q3 2016: 18%, 180 in both
  • Q4 2016: 23%, 218 in both
  • Q1 2017: 22%, 201 in both
  • Q2 2017: 14%, 145 in both
  • Q3 2017: 18%, 183 in both
  • Q4 2017: 19%, 200 in both
  • Q1 2018: 22%, 214 in both
  • Q2 2018: 22%, 214 in both
  • Q3 2018: 22%, 213 in both
  • Q4 2018: 15%, 160 in both
  • Q1 2019: 11%, 145 in both
  • Q2 2019: 11%, 150 in both
  • Q3 2019: 8.8%, 126 in both
  • Q4 2019: 10%, 138 in both
  • Q1 2020: 4.5%, 103 in both
  • Q2 2020: 8.9%, 140 in both
  • Q3 2020: 7.0%, 127 in both
  • Q4 2020: 11%, 100 in both
  • Q1 2021: 7.0%, 64 in both
  • Q2 2021: 7.2%, 82 in both
  • Q3 2021: 4.5%, 64 in both
  • Q4 2021: 5.3%, 56 in both
  • Q1 2022: 6.3%, 76 in both
  • Q2 2022: 8.0%, 101 in both
  • Q3 2022: 8.3%, 104 in both
  • Q4 2022: 6.4%, 76 in both
  • Q1 2023: 9.9%, 126 in both
  • Q2 2023: 9.3%, 113 in both
  • Q3 2023: 12%, 128 in both
  • Q4 2023: 11%, 111 in both
  • Q1 2024: 12%, 111 in both
  • Q2 2024: 14%, 143 in both
  • Q3 2024: 13%, 141 in both
  • Q4 2024: 16%, 171 in both
  • Q1 2025: 16%, 159 in both
  • Q2 2025: 13%, 157 in both
  • Q3 2025: 15%, 149 in both
  • Q4 2025: 18%, 129 in both
  • Q1 2026: 14%, 135 in both
  • Q2 2026: 16%, 126 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 LLCVerition Fund Management LLC
iShares(IVV)3.9%Added7.1%Added
Spdr S&P 500 Etf Trust(SPY)1.3%Added3.5%Added
Norfolk Southern Corp(NSC)0.6%Added1.2%Added
Warner Bros Discovery Inc(WBD)0.6%Added1.2%Added
Amazon Com Inc(AMZN)0.4%Added0.4%Added
Electronic Arts Inc(EA)0.3%Added1.1%Added
Taiwan Semiconductor MFG LTD(TSM)0.3%New0.3%Added
Kenvue Inc(KVUE)0.3%Added0.4%Added
Invesco QQQ Trust(QQQ)0.2%New1.1%Added
American Elec PWR Inc(AEP)0.2%Added0.2%Added
Micron Technology Inc(MU)0.2%Trimmed0.8%Added
Seagate Technology Hldngs PL(STX)0.2%Added0.2%Added
Nvidia Corp(NVDA)0.9%Added0.2%Trimmed
Advanced Micro Devices Inc(AMD)0.2%Trimmed0.3%Added
Facebook Inc(META)0.3%Trimmed0.2%Added
Microsoft Corp(MSFT)0.6%Added0.2%Added
Wells Fargo & Co New(WFC)0.1%Added0.2%Added
Webster Finl Corp Conn(WBS)0.1%Added0.3%Added
80004c200(SNDK)0.3%Trimmed0.1%Trimmed
PPL Corp(PPL)0.1%Added0.2%Added

and 106 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.

  • Nvidia Corp(NVDA)Millennium Management LLC added; Verition Fund Management LLC trimmed
  • Facebook Inc(META)Millennium Management LLC trimmed; Verition Fund Management LLC added
  • Micron Technology Inc(MU)Millennium Management LLC trimmed; Verition Fund Management LLC added
  • Advanced Micro Devices Inc(AMD)Millennium Management LLC trimmed; Verition Fund Management LLC added
  • Cheniere Energy Inc(LNG)Millennium Management LLC started; Verition Fund Management LLC sold out
  • Mastercard Inc(MA)Millennium Management LLC trimmed; Verition Fund Management LLC added
  • Costco WHSL Corp New(COST)Millennium Management LLC added; Verition Fund Management LLC trimmed
  • JPMorgan Chase & Co(JPM)Millennium Management LLC trimmed; Verition Fund Management LLC added
  • Chart Inds Inc(GTLS)Millennium Management LLC added; Verition Fund Management LLC trimmed
  • Aes Corp(AES)Millennium Management LLC added; Verition Fund Management LLC trimmed
  • 512807306(LRCX)Millennium Management LLC trimmed; Verition Fund Management LLC added
  • 67103h107(ORLY)Millennium Management LLC added; Verition Fund Management LLC trimmed
Millennium Management LLC: the recordVerition Fund Management LLC: the record

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