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
Q4 2025: $238bn across 5,950 positions
Against Q3 2025: 1,759 new, 1,793 added to, 2,223 trimmed, 441 sold out, across all 5,950 positions.
Turnover about 21% of the book, estimated from share changes at quarter-end prices.
Largest additions
- Wal-mart Stores Inc (WMT)+$4.2bn
- Spdr S&P 500 Etf Trust (SPY)+$1.5bn
- Invesco QQQ Trust (QQQ)+$1.2bn
- Broadcom Inc (AVGO)+$942m
- Spdr S&P 500 Etf Trust (SPY)+$816m
- Intuitive Surgical Inc (ISRG)+$725m
- Electronic Arts Inc (EA)+$687m
- Merck & Co Inc New (MRK)+$652m
Largest reductions
- Invesco QQQ Trust (QQQ)-$2.1bn
- Nvidia Corp (NVDA)-$1.5bn
- Microsoft Corp (MSFT)-$1.1bn
- Microsoft Corp (MSFT)-$733m
- Microsoft Corp (MSFT)-$670m
- iShares IBOXX High Yield ETF (HYG)-$569m
- Nvidia Corp (NVDA)-$568m
- iShares Ethereum Trust (ETHA)-$506m
Opened
- iShares Core S&P500 ETF (IVV)$9.9bn
- iShares Russell 2000 ETF (IWM)$7.6bn
- iShares Russell 2000 ETF (IWM)$3.9bn
- iShares Bitcoin Trust (IBIT)$1.7bn
- Alphabet Inc (GOOGL)$1.7bn
- Select Sector SPDR FIN (XLF)$1.5bn
Sold out
- Kellogg Cowas $376m
- Bloom Energy Corpwas $288m
- MR Cooper Group Incwas $277m
- Sea LTDwas $256m
- Verona Pharma PLCwas $193m
- First TR Exchange Traded FD (FDN)was $182m
- Grayscale Ethereum Mini TR E (ETH)was $178m
- Interpublic Group Cos Incwas $141m
Largest positions, Q4 2025
The largest 25 of 5,950 reported positions; the largest 500 carry 73.1% of the reported value.
| Position | Value | Weight | On the quarter |
|---|---|---|---|
| iShares Core S&P500 ETF (IVV) | $9.9bn | 4.2% | New |
| iShares Russell 2000 ETF (IWM) | $7.6bn | 3.2% | New |
| Invesco QQQ Trust (QQQ) | $5.4bn | 2.3% | Added |
| Wal-mart Stores Inc (WMT) | $4.5bn | 1.9% | Added |
| Nvidia Corp (NVDA) | $4.4bn | 1.8% | Trimmed |
| iShares Russell 2000 ETF (IWM) | $3.9bn | 1.6% | New |
| Nvidia Corp (NVDA) | $2.8bn | 1.2% | Trimmed |
| Spdr S&P 500 Etf Trust (SPY) | $2.5bn | 1.0% | Added |
| Apple Inc (AAPL) | $2.5bn | 1.0% | Added |
| Invesco QQQ Trust (QQQ) | $2.2bn | 0.9% | Trimmed |
| Amazon Com Inc (AMZN) | $2.2bn | 0.9% | Trimmed |
| Facebook Inc (META) | $2.1bn | 0.9% | Added |
| Microsoft Corp (MSFT) | $2.1bn | 0.9% | Trimmed |
| Spdr S&P 500 Etf Trust (SPY) | $1.9bn | 0.8% | Added |
| iShares Bitcoin Trust (IBIT) | $1.7bn | 0.7% | New |
| Alphabet Inc (GOOGL) | $1.7bn | 0.7% | New |
| Broadcom Inc (AVGO) | $1.5bn | 0.6% | Added |
| Select Sector SPDR FIN (XLF) | $1.5bn | 0.6% | New |
| Apple Inc (AAPL) | $1.3bn | 0.6% | Trimmed |
| Tesla MTRS Inc (TSLA) | $1.3bn | 0.6% | Trimmed |
| Apple Inc (AAPL) | $1.3bn | 0.5% | Trimmed |
| Nvidia Corp (NVDA) | $1.2bn | 0.5% | Trimmed |
| Norfolk Southern Corp (NSC) | $1.2bn | 0.5% | Added |
| Microsoft Corp (MSFT) | $1.1bn | 0.5% | Trimmed |
| Broadcom Inc (AVGO) | $1.0bn | 0.4% | 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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