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← Tudor Investment Corp, its record

Tudor Investment Corp and Millennium Management LLC: where the books meet

At Q2 2026, at least 12% of the two 13F books was the same, across 108 stocks both listed, against 8.7% 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%10%19%Q2 2013: 8.7%, 137 in bothQ3 2013: 6.3%, 128 in bothQ4 2013: 10%, 142 in bothQ1 2014: 12%, 159 in both14Q2 2014: 12%, 171 in bothQ3 2014: 14%, 179 in bothQ4 2014: 13%, 193 in bothQ1 2015: 15%, 186 in both15Q2 2015: 13%, 175 in bothQ3 2015: 11%, 170 in bothQ4 2015: 13%, 157 in bothQ1 2016: 13%, 151 in both16Q2 2016: 11%, 162 in bothQ3 2016: 13%, 197 in bothQ4 2016: 14%, 188 in bothQ1 2017: 17%, 189 in both17Q2 2017: 15%, 195 in bothQ3 2017: 15%, 202 in bothQ4 2017: 13%, 198 in bothQ1 2018: 14%, 195 in both18Q2 2018: 19%, 212 in bothQ3 2018: 19%, 207 in bothQ4 2018: 11%, 175 in bothQ1 2019: 19%, 171 in both19Q2 2019: 17%, 172 in bothQ3 2019: 16%, 153 in bothQ4 2019: 17%, 140 in bothQ1 2020: 13%, 134 in both20Q2 2020: 13%, 144 in bothQ3 2020: 12%, 132 in bothQ4 2020: 15%, 137 in bothQ1 2021: 11%, 132 in both21Q2 2021: 11%, 127 in bothQ3 2021: 7.9%, 98 in bothQ4 2021: 9.3%, 115 in bothQ1 2022: 8.2%, 108 in both22Q2 2022: 7.4%, 100 in bothQ3 2022: 8.2%, 109 in bothQ4 2022: 8.4%, 106 in bothQ1 2023: 11%, 139 in both23Q2 2023: 11%, 131 in bothQ3 2023: 12%, 120 in bothQ4 2023: 8.6%, 100 in bothQ1 2024: 9.2%, 99 in both24Q2 2024: 12%, 126 in bothQ3 2024: 8.5%, 101 in bothQ4 2024: 9.9%, 116 in bothQ1 2025: 10%, 120 in both25Q2 2025: 6.7%, 85 in bothQ3 2025: 6.9%, 82 in bothQ4 2025: 11%, 90 in bothQ1 2026: 10%, 108 in both26Q2 2026: 12%, 108 in both
  • Q2 2013: 8.7%, 137 in both
  • Q3 2013: 6.3%, 128 in both
  • Q4 2013: 10%, 142 in both
  • Q1 2014: 12%, 159 in both
  • Q2 2014: 12%, 171 in both
  • Q3 2014: 14%, 179 in both
  • Q4 2014: 13%, 193 in both
  • Q1 2015: 15%, 186 in both
  • Q2 2015: 13%, 175 in both
  • Q3 2015: 11%, 170 in both
  • Q4 2015: 13%, 157 in both
  • Q1 2016: 13%, 151 in both
  • Q2 2016: 11%, 162 in both
  • Q3 2016: 13%, 197 in both
  • Q4 2016: 14%, 188 in both
  • Q1 2017: 17%, 189 in both
  • Q2 2017: 15%, 195 in both
  • Q3 2017: 15%, 202 in both
  • Q4 2017: 13%, 198 in both
  • Q1 2018: 14%, 195 in both
  • Q2 2018: 19%, 212 in both
  • Q3 2018: 19%, 207 in both
  • Q4 2018: 11%, 175 in both
  • Q1 2019: 19%, 171 in both
  • Q2 2019: 17%, 172 in both
  • Q3 2019: 16%, 153 in both
  • Q4 2019: 17%, 140 in both
  • Q1 2020: 13%, 134 in both
  • Q2 2020: 13%, 144 in both
  • Q3 2020: 12%, 132 in both
  • Q4 2020: 15%, 137 in both
  • Q1 2021: 11%, 132 in both
  • Q2 2021: 11%, 127 in both
  • Q3 2021: 7.9%, 98 in both
  • Q4 2021: 9.3%, 115 in both
  • Q1 2022: 8.2%, 108 in both
  • Q2 2022: 7.4%, 100 in both
  • Q3 2022: 8.2%, 109 in both
  • Q4 2022: 8.4%, 106 in both
  • Q1 2023: 11%, 139 in both
  • Q2 2023: 11%, 131 in both
  • Q3 2023: 12%, 120 in both
  • Q4 2023: 8.6%, 100 in both
  • Q1 2024: 9.2%, 99 in both
  • Q2 2024: 12%, 126 in both
  • Q3 2024: 8.5%, 101 in both
  • Q4 2024: 9.9%, 116 in both
  • Q1 2025: 10%, 120 in both
  • Q2 2025: 6.7%, 85 in both
  • Q3 2025: 6.9%, 82 in both
  • Q4 2025: 11%, 90 in both
  • Q1 2026: 10%, 108 in both
  • Q2 2026: 12%, 108 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.

StockTudor Investment CorpMillennium Management LLC
iShares Core S&P 500 ETF(IVV)1.7%Added3.9%Added
Nvidia Corporation(NVDA)0.7%Added0.9%Added
Microsoft Corporation(MSFT)0.9%Added0.6%Added
SPDR S&P 500 ETF Trust(SPY)0.4%Trimmed1.3%Added
Amazon.Com Incorporated(AMZN)0.4%Added0.4%Added
Electronic Arts Incorporated(EA)0.4%Added0.3%Added
Norfolk Southern Corp.(NSC)0.3%Added0.6%Added
Space Exploration Techn Corp(SPCX)0.3%New1.1%New
Taiwan Semiconductor Co. Ltd. - ADR(TSM)0.9%Added0.3%New
Warner Bros Discovery Inc - A(WBD)0.3%Added0.6%Added
Facebook Inc-a(META)0.3%Added0.3%Trimmed
49177j102(KVUE)0.3%Trimmed0.3%Added
80004c200(SNDK)0.3%Added0.3%Trimmed
Micron Technology Incorporated(MU)0.5%Trimmed0.2%Trimmed
United HealthCare Group(UNH)0.2%Trimmed0.2%Added
Tesla Motors Inc(TSLA)0.4%Added0.1%Trimmed
Wells Fargo Company(WFC)0.2%Added0.1%Added
Webster Financial Corp Waterbury(WBS)0.2%Trimmed0.1%Added
PPL Corp(PPL)0.1%Added0.1%Added
IntercontinentalExchange Group(ICE)0.1%Added0.2%Added

and 88 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.

  • SPDR S&P 500 ETF Trust(SPY)Tudor Investment Corp trimmed; Millennium Management LLC added
  • 80004c200(SNDK)Tudor Investment Corp added; Millennium Management LLC trimmed
  • Facebook Inc-a(META)Tudor Investment Corp added; Millennium Management LLC trimmed
  • 49177j102(KVUE)Tudor Investment Corp trimmed; Millennium Management LLC added
  • United HealthCare Group(UNH)Tudor Investment Corp trimmed; Millennium Management LLC added
  • CBRE Group Inc - CL A(CBRE)Tudor Investment Corp added; Millennium Management LLC trimmed
  • Danaher Corporation(DHR)Tudor Investment Corp trimmed; Millennium Management LLC added
  • Tesla Motors Inc(TSLA)Tudor Investment Corp added; Millennium Management LLC trimmed
  • Mastercard Inc-class A(MA)Tudor Investment Corp added; Millennium Management LLC trimmed
  • Webster Financial Corp Waterbury(WBS)Tudor Investment Corp trimmed; Millennium Management LLC added
  • Capital One Financial Corporation(COF)Tudor Investment Corp trimmed; Millennium Management LLC added
  • iShares Russell 2000 ETF(IWM)Tudor Investment Corp added; Millennium Management LLC trimmed
Tudor Investment Corp: the recordMillennium Management LLC: the record

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