MILLENNIUM MANAGEMENT LLC
Long book
$127.66B
Q1 2026
Positions
3735
Top-10 weight
15%
concentration
Last quarter
+13.7%
SPY +14.8%
Turnover
25%
of book per quarter
Strategy in plain words
auto-generated from filingsMILLENNIUM MANAGEMENT LLC is a multi-strategy platform where dozens of independent teams trade, running a $127.66B US long book across 3735 positions.
The portfolio is broadly diversified across 3735 positions (top 10 only 15%). Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES CORE S&P 500 ETF, NVIDIA CORP, STE STR SPDR PT S&P 500 ETF, NORFOLK SOUTHERN CORP, WARNER BROS DISCOVERY INC.
Over the last 9 quarters its long book ran on average 0.1pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.1%
Q2 2024
+7.7%
Q3 2024
+2.1%
Q4 2024
-4.2%
Q1 2025
+10.1%
Q2 2025
+9.2%
Q3 2025
+2.3%
Q4 2025
-1.3%
Q1 2026
+13.7%
Sector allocation
Technology 21%
Financials 16%
Industrials 15%
Healthcare 10%
Other 6%
Consumer discretionary 6%
Utilities 6%
Services media 5%
Long book by quarter
What does MILLENNIUM MANAGEMENT own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 10.6M | $1.85B | 1.4% | -30.5% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 4.6M | $1.32B | 1.0% | +10.4% |
| WBD WARNER BROS DISCOVERY INC | Communications | 43.9M | $1.21B | 0.9% | +71.6% |
| AAPL APPLE INC | Technology | 4.7M | $1.18B | 0.9% | -5.7% |
| META META PLATFORMS INC-CLASS A | Technology | 2.0M | $1.15B | 0.9% | +80.7% |
| MSFT MICROSOFT CORP | Technology | 2.8M | $1.04B | 0.8% | +22.1% |
| EA ELECTRONIC ARTS INC | Technology | 4.3M | $871.7M | 0.7% | +1.9% |
| FCX FREEPORT-MCMORAN INC | Materials | 12.7M | $744.6M | 0.6% | -20.5% |
| SNDK SANDISK CORP | Technology | 1.1M | $725.7M | 0.6% | -23.8% |
| BAC BANK OF AMERICA CORP | Financials | 14.3M | $695.7M | 0.5% | +486.5% |
| AVGO BROADCOM INC | Technology | 2.2M | $665.8M | 0.5% | -51.6% |
| MS MORGAN STANLEY | Financials | 4.0M | $657.8M | 0.5% | +75.7% |
| BLK BLACKROCK INC | Financials | 641.6K | $617.0M | 0.5% | +26.3% |
| MRVL MARVELL TECHNOLOGY INC | Technology | 6.1M | $605.5M | 0.5% | +11.5% |
| TSLA TESLA INC | Industrials | 1.6M | $584.6M | 0.5% | +341.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.8M | $584.6M | 0.5% | -22.8% |
| CBRE CBRE GROUP INC - A | Real estate | 4.3M | $581.7M | 0.5% | +355.0% |
| KVUE KENVUE INC | Other | 31.8M | $548.3M | 0.4% | +45.9% |
| C CITIGROUP INC | Financials | 4.8M | $545.5M | 0.4% | +37.4% |
| AEP AMERICAN ELECTRIC POWER | Utilities | 4.2M | $544.2M | 0.4% | +200.4% |
| MU MICRON TECHNOLOGY INC | Technology | 1.6M | $542.3M | 0.4% | +46.8% |
| NVT NVENT ELECTRIC PLC | Industrials | 4.5M | $529.7M | 0.4% | -27.0% |
| IVZ INVESCO LTD | Financials | 21.6M | $525.8M | 0.4% | +55.9% |
| FE FIRSTENERGY CORP | Utilities | 10.2M | $516.5M | 0.4% | -10.4% |
| GOOG ALPHABET INC-CL C | Technology | 1.8M | $511.2M | 0.4% | -28.8% |
| GOOGL ALPHABET INC-CL A | Technology | 1.7M | $478.3M | 0.4% | -38.0% |
| CTRA COTERRA ENERGY INC | — | 12.7M | $447.4M | 0.4% | +542.1% |
| HO1 HOLOGIC INC | — | 5.7M | $427.2M | 0.3% | +61.5% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 910.3K | $419.6M | 0.3% | -38.8% |
| SPGI S&P GLOBAL INC | Services media | 984.4K | $418.7M | 0.3% | 0.0% |
| LNG CHENIERE ENERGY INC | Utilities | 1.5M | $411.8M | 0.3% | -14.4% |
| MA MASTERCARD INC - A | Services media | 817.1K | $408.3M | 0.3% | +204.7% |
| HBAN HUNTINGTON BANCSHARES INC | Financials | 25.9M | $406.1M | 0.3% | +986.6% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 6.5M | $397.0M | 0.3% | +780.2% |
| IEX IDEX CORP | Industrials | 2.0M | $378.3M | 0.3% | +87.6% |
| UNH UNITEDHEALTH GROUP INC | Financials | 1.4M | $367.1M | 0.3% | +0.4% |
| JPM JPMORGAN CHASE & CO | Financials | 1.2M | $360.9M | 0.3% | -29.9% |
| PEN PENUMBRA INC | Healthcare | 1.1M | $360.6M | 0.3% | +62.0% |
| CVX CHEVRON CORP | Energy | 1.7M | $358.4M | 0.3% | -19.5% |
| OVV OVINTIV INC | Energy | 5.9M | $347.6M | 0.3% | +2.9% |
| STEP STEPSTONE GROUP INC-CLASS A | Financials | 7.2M | $342.3M | 0.3% | +61.0% |
| LRCX LAM RESEARCH CORP | Industrials | 1.6M | $339.4M | 0.3% | +43.3% |
| ROST ROSS STORES INC | Consumer discretionary | 1.6M | $335.8M | 0.3% | -4.0% |
| VLO VALERO ENERGY CORP | Energy | 1.4M | $333.7M | 0.3% | +1850.8% |
| GM GENERAL MOTORS CO | Industrials | 4.5M | $333.3M | 0.3% | -10.9% |
| MSCI MSCI INC | Services media | 612.2K | $330.0M | 0.3% | +26.0% |
| CG CARLYLE GROUP INC/THE | Financials | 6.8M | $329.2M | 0.3% | -18.4% |
| XOM EXXON MOBIL CORP | Energy | 1.9M | $328.6M | 0.3% | +129.1% |
| PPL PPL CORP | Utilities | 8.6M | $328.0M | 0.3% | +582.2% |
| CSCO CISCO SYSTEMS INC | Technology | 4.2M | $326.3M | 0.3% | +339.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 5624 | $240.29B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 5950 | $237.79B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 5978 | $234.29B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 5805 | $207.08B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 5787 | $187.88B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 5890 | $204.64B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 6030 | $210.88B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 5803 | $215.93B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 6138 | $234.10B | canonical | SEC ↗ |