What Millennium Management LLC changed, 2013 to 2026
53 quarterly 13F filings, from Q2 2013 to Q2 2026, each read from the filing itself. A quarter is compared only with the quarter before it, so a quarter with no filing is a gap in the record, not a sale.
Reported book
$276bn
$32.6bn at Q2 2013
Positions
5,796
2,944 at Q2 2013
Top ten weight
18%
33% at Q2 2013
Typical quarterly turnover
about 29%
Estimated from share changes
- Q2 2013: $32.6bn
- Q3 2013: $31.1bn
- Q4 2013: $31.7bn
- Q1 2014: $34.5bn
- Q2 2014: $36.1bn
- Q3 2014: $39.5bn
- Q4 2014: $47.2bn
- Q1 2015: $53.7bn
- Q2 2015: $52.9bn
- Q3 2015: $51.6bn
- Q4 2015: $47.6bn
- Q1 2016: $40.0bn
- Q2 2016: $43.7bn
- Q3 2016: $59.6bn
- Q4 2016: $47.8bn
- Q1 2017: $54.6bn
- Q2 2017: $56.1bn
- Q3 2017: $65.6bn
- Q4 2017: $72.5bn
- Q1 2018: $74.9bn
- Q2 2018: $76.7bn
- Q3 2018: $81.6bn
- Q4 2018: $64.1bn
- Q1 2019: $66.8bn
- Q2 2019: $66.5bn
- Q3 2019: $63.3bn
- Q4 2019: $79.9bn
- Q1 2020: $44.5bn
- Q2 2020: $73.0bn
- Q3 2020: $81.2bn
- Q4 2020: $138bn
- Q1 2021: $140bn
- Q2 2021: $163bn
- Q3 2021: $167bn
- Q4 2021: $197bn
- Q1 2022: $189bn
- Q2 2022: $161bn
- Q3 2022: $169bn
- Q4 2022: $181bn
- Q1 2023: $174bn
- Q2 2023: $203bn
- Q3 2023: $198bn
- Q4 2023: $231bn
- Q1 2024: $234bn
- Q2 2024: $216bn
- Q3 2024: $211bn
- Q4 2024: $205bn
- Q1 2025: $188bn
- Q2 2025: $207bn
- Q3 2025: $234bn
- Q4 2025: $238bn
- Q1 2026: $240bn
- Q2 2026: $276bn
- Q2 2013: 33%
- Q3 2013: 22%
- Q4 2013: 14%
- Q1 2014: 8%
- Q2 2014: 10%
- Q3 2014: 11%
- Q4 2014: 9%
- Q1 2015: 11%
- Q2 2015: 11%
- Q3 2015: 14%
- Q4 2015: 10%
- Q1 2016: 11%
- Q2 2016: 11%
- Q3 2016: 24%
- Q4 2016: 6%
- Q1 2017: 6%
- Q2 2017: 7%
- Q3 2017: 8%
- Q4 2017: 7%
- Q1 2018: 6%
- Q2 2018: 7%
- Q3 2018: 10%
- Q4 2018: 7%
- Q1 2019: 7%
- Q2 2019: 8%
- Q3 2019: 7%
- Q4 2019: 13%
- Q1 2020: 18%
- Q2 2020: 20%
- Q3 2020: 18%
- Q4 2020: 20%
- Q1 2021: 21%
- Q2 2021: 20%
- Q3 2021: 18%
- Q4 2021: 19%
- Q1 2022: 24%
- Q2 2022: 23%
- Q3 2022: 23%
- Q4 2022: 20%
- Q1 2023: 25%
- Q2 2023: 26%
- Q3 2023: 21%
- Q4 2023: 21%
- Q1 2024: 17%
- Q2 2024: 16%
- Q3 2024: 17%
- Q4 2024: 16%
- Q1 2025: 16%
- Q2 2025: 16%
- Q3 2025: 18%
- Q4 2025: 19%
- Q1 2026: 17%
- Q2 2026: 18%
The positions that defined it
Every position that was ever among the 25 largest: when it first appeared, when it was largest, and where it stands in Q2 2026. The line is its reported value each quarter.
| Position | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| iShares Core S&P500 ETF(IVV) | Q1 2026 | $10.9bnQ2 2026 | $10.9bn | |
| iShares Russell 2000 ETF(IWM) | Q1 2026 | $10.0bnQ2 2026 | $10.0bn | |
| Nvidia Corp(NVDA) | Q1 2019 | $5.8bnQ3 2025 | $5.1bn | |
| iShares Russell 2000 ETF(IWM) | Q1 2026 | $4.4bnQ2 2026 | $4.4bn | |
| Invesco QQQ Trust(QQQ) | Q2 2019 | $4.0bnQ2 2026 | $4.0bn | |
| Spdr S&P 500 Etf Trust(SPY) | Q1 2026 | $3.6bnQ2 2026 | $3.6bn | |
| Spdr S&P 500 Etf Trust(SPY) | Q1 2026 | $3.5bnQ2 2026 | $3.5bn | |
| Micron Technology Inc(MU) | Q4 2018 | $3.3bnQ2 2026 | $3.3bn | |
| Spdr S&P 500 Etf Trust(SPY) | Q1 2026 | $3.2bnQ2 2026 | $3.2bn | |
| Invesco QQQ Trust(QQQ) | Q2 2019 | $3.0bnQ2 2026 | $3.0bn | |
| Space Exploration Techn Corp(SPCX)Class A Common Stock | Q2 2026 | $3.0bnQ2 2026 | $3.0bn | |
| Advanced Micro Devices Inc(AMD) | Q4 2019 | $2.7bnQ2 2026 | $2.7bn | |
| Spdr S&P 500 Etf Trust(SPY) | Q2 2019 | $16.6bnQ2 2023 | Below the listed rangelast listed Q4 2025 | |
| iShares Core S&P500 ETF(IVV) | Q1 2020 | $9.9bnQ4 2025 | Below the listed rangelast listed Q4 2025 | |
| Spdr S&P 500 Etf Trust(SPY) | Q2 2013 | $9.4bnQ2 2013 | Below the listed rangelast listed Q4 2018 | |
| Invesco QQQ Trust(QQQ) | Q1 2023 | $8.3bnQ1 2023 | Below the listed rangelast listed Q2 2024 | |
| Invesco QQQ Trust(QQQ) | Q2 2023 | $8.1bnQ2 2023 | Below the listed rangelast listed Q2 2023 | |
| iShares Russell 2000 ETF(IWM) | Q2 2019 | $7.8bnQ1 2023 | Soldlast listed Q4 2025 | |
| Invesco QQQ Trust(QQQ) | Q3 2021 | $7.8bnQ4 2021 | Below the listed rangelast listed Q1 2022 | |
| Invesco QQQ Trust(QQQ) | Q1 2020 | $7.5bnQ4 2022 | Below the listed rangelast listed Q1 2025 |
Quarter by quarter
Q2 2025: $207bn across 5,805 positions
Against Q1 2025: 2,255 new, 1,724 added to, 1,745 trimmed, 489 sold out, across all 5,805 positions.
Turnover about 20% of the book, estimated from share changes at quarter-end prices.
Largest additions
- Nvidia Corp (NVDA)+$1.8bn
- Spdr S&P 500 Etf Trust (SPY)+$1.2bn
- Microsoft Corp (MSFT)+$957m
- Microsoft Corp (MSFT)+$887m
- Spdr S&P 500 Etf Trust (SPY)+$752m
- Netflix Inc (NFLX)+$714m
- Facebook Inc (META)+$712m
- Amazon Com Inc (AMZN)+$474m
Largest reductions
- Bank of America Corporation (BAC)-$578m
- Apple Inc (AAPL)-$571m
- Wells Fargo & Co New (WFC)-$556m
- Facebook Inc (META)-$466m
- Select Sector SPDR Energy (XLE)-$442m
- Unitedhealth Group Inc (UNH)-$434m
- Schwab Charles Corp New (SCHW)-$373m
- Broadcom Inc (AVGO)-$364m
Opened
- iShares Russell 2000 ETF (IWM)$5.0bn
- Invesco QQQ Trust (QQQ)$4.3bn
- iShares Core S&P500 ETF (IVV)$3.9bn
- Invesco QQQ Trust (QQQ)$3.6bn
- iShares Russell 2000 ETF (IWM)$2.2bn
- iShares Bitcoin Trust (IBIT)$1.3bn
- Alphabet Inc (GOOGL)$1.0bn
Sold out
- Discover Finl SVCSwas $282m
- Beacon Roofing Supply Incwas $181m
- Berry Plastics Group Incwas $173m
- Booking Holdings Incwas $148m
- Barrick Gold Corpwas $122m
- Intra Cellular Therapies Incwas $115m
- United States STL Corp Newwas $95m
- Cinemark HLDGS Incwas $85m
Largest positions, Q2 2025
The largest 25 of 5,805 reported positions; the largest 500 carry 69% of the reported value.
| Position | Value | Weight | On the quarter |
|---|---|---|---|
| iShares Russell 2000 ETF (IWM) | $5.0bn | 2.4% | New |
| Nvidia Corp (NVDA) | $4.6bn | 2.2% | Added |
| Invesco QQQ Trust (QQQ) | $4.3bn | 2.1% | New |
| iShares Core S&P500 ETF (IVV) | $3.9bn | 1.9% | New |
| Invesco QQQ Trust (QQQ) | $3.6bn | 1.7% | New |
| Microsoft Corp (MSFT) | $3.0bn | 1.5% | Added |
| Spdr S&P 500 Etf Trust (SPY) | $2.5bn | 1.2% | Trimmed |
| Amazon Com Inc (AMZN) | $2.5bn | 1.2% | Added |
| iShares Russell 2000 ETF (IWM) | $2.2bn | 1.1% | New |
| Facebook Inc (META) | $2.1bn | 1.0% | Added |
| Spdr S&P 500 Etf Trust (SPY) | $1.9bn | 0.9% | Added |
| Microsoft Corp (MSFT) | $1.7bn | 0.8% | Added |
| Nvidia Corp (NVDA) | $1.6bn | 0.7% | Trimmed |
| iShares Bitcoin Trust (IBIT) | $1.3bn | 0.6% | New |
| Nvidia Corp (NVDA) | $1.3bn | 0.6% | Trimmed |
| Apple Inc (AAPL) | $1.3bn | 0.6% | Trimmed |
| Amazon Com Inc (AMZN) | $1.2bn | 0.6% | Added |
| Apple Inc (AAPL) | $1.2bn | 0.6% | Added |
| Netflix Inc (NFLX) | $1.2bn | 0.6% | Added |
| Tesla MTRS Inc (TSLA) | $1.2bn | 0.6% | Trimmed |
| Microsoft Corp (MSFT) | $1.1bn | 0.6% | Added |
| Alphabet Inc (GOOGL) | $1.0bn | 0.5% | New |
| Amazon Com Inc (AMZN) | $995m | 0.5% | Trimmed |
| Advanced Micro Devices Inc (AMD) | $968m | 0.5% | Added |
| Facebook Inc (META) | $932m | 0.5% | Trimmed |
The books most like this one
Among the managers whose filings are on file, at Q2 2026. Overlap is the share of the two books that is the same: for every stock both list, the smaller of its two weights, added up. Two books can overlap because both own the largest companies; it says nothing about whether the managers agree.
| Manager | Overlap | Stocks in both | Overlap over time | |
|---|---|---|---|---|
| Squarepoint Ops LLC | at least 17% | 139 | Compare | |
| Schonfeld Strategic Advisors LLC | at least 17% | 146 | Compare | |
| Marshall Wace LLP | at least 17% | 155 | Compare | |
| Balyasny Asset Management LLC | at least 17% | 151 | Compare | |
| Verition Fund Management LLC | at least 16% | 126 | Compare | |
| Neuberger Berman Group LLC | at least 16% | 157 | Compare | |
| Bridgewater Associates LP | at least 16% | 133 | Compare | |
| AQR Capital Management LLC | at least 15% | 164 | Compare |
“At least” where either manager has more positions than are read each quarter: a stock both hold below that range is not counted.
The filings behind it
Every quarter above is one 13F holdings report, with any amendment the filer made to it applied in the order it was filed. Where the reporting entity changed, each quarter keeps the filer that actually reported it.
| Quarter | Filer | Book | Amended | Filing |
|---|---|---|---|---|
| Q2 2026 | Millennium Management LLC | $276bn | 13F-HR | |
| Q1 2026 | Millennium Management LLC | $240bn | 13F-HR | |
| Q4 2025 | Millennium Management LLC | $238bn | 13F-HR | |
| Q3 2025 | Millennium Management LLC | $234bn | 13F-HR | |
| Q2 2025 | Millennium Management LLC | $207bn | 13F-HR | |
| Q1 2025 | Millennium Management LLC | $188bn | 13F-HR | |
| Q4 2024 | Millennium Management LLC | $205bn | 13F-HR | |
| Q3 2024 | Millennium Management LLC | $211bn | 13F-HR | |
| Q2 2024 | Millennium Management LLC | $216bn | 13F-HR | |
| Q1 2024 | Millennium Management LLC | $234bn | 13F-HR | |
| Q4 2023 | Millennium Management LLC | $231bn | 13F-HR | |
| Q3 2023 | Millennium Management LLC | $198bn | 13F-HR | |
| Q2 2023 | Millennium Management LLC | $203bn | 13F-HR | |
| Q1 2023 | Millennium Management LLC | $174bn | 13F-HR | |
| Q4 2022 | Millennium Management LLC | $181bn | 13F-HR | |
| Q3 2022 | Millennium Management LLC | $169bn | 13F-HR | |
| Q2 2022 | Millennium Management LLC | $161bn | 13F-HR | |
| Q1 2022 | Millennium Management LLC | $189bn | 13F-HR | |
| Q4 2021 | Millennium Management LLC | $197bn | 13F-HR | |
| Q3 2021 | Millennium Management LLC | $167bn | 13F-HR | |
| Q2 2021 | Millennium Management LLC | $163bn | 13F-HR | |
| Q1 2021 | Millennium Management LLC | $140bn | 13F-HR | |
| Q4 2020 | Millennium Management LLC | $138bn | 13F-HR | |
| Q3 2020 | Millennium Management LLC | $81.2bn | 13F-HR | |
| Q2 2020 | Millennium Management LLC | $73.0bn | 13F-HR | |
| Q1 2020 | Millennium Management LLC | $44.5bn | 13F-HR | |
| Q4 2019 | Millennium Management LLC | $79.9bn | 13F-HR | |
| Q3 2019 | Millennium Management LLC | $63.3bn | 13F-HR | |
| Q2 2019 | Millennium Management LLC | $66.5bn | 13F-HR | |
| Q1 2019 | Millennium Management LLC | $66.8bn | 13F-HR | |
| Q4 2018 | Millennium Management LLC | $64.1bn | 13F-HR | |
| Q3 2018 | Millennium Management LLC | $81.6bn | 13F-HR | |
| Q2 2018 | Millennium Management LLC | $76.7bn | 13F-HR | |
| Q1 2018 | Millennium Management LLC | $74.9bn | 13F-HR | |
| Q4 2017 | Millennium Management LLC | $72.5bn | 13F-HR | |
| Q3 2017 | Millennium Management LLC | $65.6bn | 13F-HR | |
| Q2 2017 | Millennium Management LLC | $56.1bn | 13F-HR | |
| Q1 2017 | Millennium Management LLC | $54.6bn | 13F-HR | |
| Q4 2016 | Millennium Management LLC | $47.8bn | 13F-HR | |
| Q3 2016 | Millennium Management LLC | $59.6bn | 13F-HR | |
| Q2 2016 | Millennium Management LLC | $43.7bn | 13F-HR | |
| Q1 2016 | Millennium Management LLC | $40.0bn | 13F-HR | |
| Q4 2015 | Millennium Management LLC | $47.6bn | 13F-HR | |
| Q3 2015 | Millennium Management LLC | $51.6bn | 13F-HR | |
| Q2 2015 | Millennium Management LLC | $52.9bn | 13F-HR | |
| Q1 2015 | Millennium Management LLC | $53.7bn | 13F-HR | |
| Q4 2014 | Millennium Management LLC | $47.2bn | 13F-HR | |
| Q3 2014 | Millennium Management LLC | $39.5bn | 13F-HR | |
| Q2 2014 | Millennium Management LLC | $36.1bn | 13F-HR | |
| Q1 2014 | Millennium Management LLC | $34.5bn | 13F-HR | |
| Q4 2013 | Millennium Management LLC | $31.7bn | 13F-HR | |
| Q3 2013 | Millennium Management LLC | $31.1bn | 13F-HR | |
| Q2 2013 | Millennium Management LLC | $32.6bn | 13F-HR |
Reading this record
A 13F lists US-listed long equity and options at the quarter end, filed up to 45 days later. It shows what was held, not when it was bought or at what price, and nothing short. Where a quarter lists only the largest positions, a name missing from it may still be held below that range; the counts of what was opened and sold always cover the whole filing.
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