13F filer · CIK 1273087 ↗
Millennium Management
You are looking at Q4 2019. See the latest, Q2 2026 →
Reported value
$79.93B
+26% on the quarter before
Positions
4,138
854 new · 820 sold out
Top 10
13.3%
of the value
Est. gain
+$2.38B
on stocks held all quarter
Est. return
+8.1%
on those stocks since Q3 2019
Positions as of Dec 31, 2019, from Millennium Management's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
The 24 largest positions, 20% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2019. Striped tiles are options.
Largest buys
Since Q3 2019, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- SPDR S&P 500 ETF Tr~$4.00BAdded · 0.2% → 5.2%+12,425,680 shares
- Ishares TrPUT~$726.8MAdded · 0.2% → 1.1%+4,387,000 underlying
- MetaPUT~$446.4MAdded · 0.4% → 0.9%+2,174,800 underlying
- Recro Pharma IncCALL~$445.0MNew · 0.0% → 0.6%+100,000 underlying
- MicrosoftPUT~$402.5MAdded · 0.6% → 1.0%+2,552,500 underlying
- Wells Fargo Co New~$388.7MAdded · 0.1% → 0.5%+7,225,391 shares
- AlphabetPUT~$287.4MAdded · 0.7% → 0.9%+214,600 underlying
- Microsoft~$271.1MAdded · 0.3% → 0.6%+1,718,869 shares
- Alibaba~$265.9MAdded · 0.3% → 0.6%+1,253,420 shares
- Home Depot Inc~$238.3MAdded · 0.0% → 0.3%+1,091,086 shares
Largest sells
Since Q3 2019, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Celgene Corp~$414.1MSold out · 0.7% → 0.0%−4,169,794 shares
- Lowes Cos Inc~$341.0MCut · 0.5% → 0.0%−2,847,758 shares
- AlibabaCALL~$277.8MCut · 0.4% → 0.0%−1,309,600 underlying
- Las Vegas Sands Corp~$264.6MSold out · 0.4% → 0.0%−4,581,351 shares
- Altaba Inc~$249.1MSold out · 0.4% → 0.0%−12,786,404 shares
- Noble Energy Inc~$211.9MCut · 0.3% → 0.0%−8,530,392 shares
- Humana Inc~$189.9MCut · 0.3% → 0.1%−518,179 shares
- Diamondback Energy Inc~$171.0MCut · 0.3% → 0.1%−1,841,941 shares
- Restaurant Brands Intl Inc~$159.0MCut · 0.4% → 0.1%−2,492,850 shares
- SPDR S&P 500 ETF TrCALL~$158.3MCut · 0.3% → 0.0%−491,900 underlying
Holdings
As of Dec 31, 2019. Changes are in shares against Sep 30, 2019, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPDR S&P 500 ETF TrTR UNIT · shares +2,854% · price +8.5% | 5.2% | $4.14B | +$10.9M | ||||||||
| ApplePUTCOM · shares +23% | 1.3% | $1.04B | — | ||||||||
| Ishares TrPUTRUSSELL 2000 ETF · shares +526% | 1.1% | $865.1M | — | ||||||||
| MicrosoftPUTCOM · shares +99% | 1.0% | $810.4M | — | ||||||||
| AlphabetPUTCAP STK CL A · shares +62% | 0.94% | $750.7M | — | ||||||||
| MetaPUTCL A · shares +148% | 0.94% | $747.4M | — | ||||||||
| AmazonPUTCOM · shares +21% | 0.88% | $702.4M | — | ||||||||
| Invesco Qqq TrPUTUNIT SER 1 · shares −20% | 0.75% | $601.6M | — | ||||||||
| Allergan PlcSHS · shares +15% · price +13.6% | 0.67% | $536.5M | +$55.9M | ||||||||
| AlibabaSPONSORED ADS · shares +126% · price +26.8% | 0.60% | $476.5M | +$44.6M | ||||||||
| MicrosoftCOM · shares +136% · price +13.4% | 0.59% | $470.2M | +$23.6M | ||||||||
| MetaCL A · shares +80% · price +15.3% | 0.56% | $450.2M | +$33.2M | ||||||||
| SPDR S&P 500 ETF TrPUTTR UNIT · shares −3.8% | 0.56% | $448.1M | — | ||||||||
| Recro Pharma IncCALLCOM · shares New | 0.56% | $445.0M | — | ||||||||
| Wells Fargo Co NewCOM · shares +982% · price +6.7% | 0.54% | $428.3M | +$2.5M | ||||||||
| AppleCOM · shares −14% · price +31.1% | 0.51% | $410.9M | +$97.5M | ||||||||
| AppleCALLCOM · shares +12% | 0.51% | $404.1M | — | ||||||||
| Bank Amer CorpCOM · shares +25% · price +20.7% | 0.48% | $381.6M | +$52.6M | ||||||||
| Select Sector SPDR TrPUTSBI CONS DISCR · shares +27% | 0.44% | $352.9M | — | ||||||||
| Jpmorgan Chase & CoPUTCOM · shares +158% | 0.44% | $351.8M | — | ||||||||
| NvidiaPUTCOM · shares +37% | 0.42% | $338.4M | — | ||||||||
| Select Sector SPDR TrPUTSBI INT-FINL · shares +149% | 0.40% | $321.3M | — | ||||||||
| Select Sector SPDR TrPUTSBI INT-INDS · shares +148% | 0.38% | $301.4M | — | ||||||||
| American Electric PowerCOM · shares +152% · price +0.9% | 0.37% | $294.7M | +$1.0M | ||||||||
| NetflixPUTCOM · shares +78% | 0.36% | $291.7M | — | ||||||||
| Total · 4,138 positions | 100% | $79.93B | +$2.38B |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q3 2019 to Q4 2019: 2,818 stocks held throughout, up $2.38B (+8.1%).
- Apple+$97.5M+31%
- Allergan Plc+$55.9M+14%
- Bank Amer Corp+$52.6M+21%
- Alibaba+$44.6M+27%
- Biogen Inc+$33.2M+27%
- Zymeworks Inc1:3 split−$12.9M−39%
- Luckin Coffee Inc1:13 split−$15.2M−84%
- Jack In The Box Inc−$16.3M−14%
- Equity Lifestyle Pptys Inc−$20.7M−47%
- Deciphera Pharmaceuticals In1:48 split−$88.0M−96%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 24 splits read into the share counts.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 14, 2026 | $276.29B+15% | SEC ↗ |
| Q1 2026 | May 15, 2026 | $240.29B+1% | SEC ↗ |
| Q4 2025 | Feb 17, 2026 | $237.79B+1% | SEC ↗ |
| Q3 2025 | Nov 14, 2025 | $234.29B+13% | SEC ↗ |
| Q2 2025 | Aug 14, 2025 | $207.08B+10% | SEC ↗ |
| Q1 2025 | May 15, 2025 | $187.88B−8% | SEC ↗ |
| Q4 2024 | Feb 14, 2025 | $204.64B−3% | SEC ↗ |
| Q3 2024 | Nov 14, 2024 | $210.88B−2% | SEC ↗ |
| Q2 2024 | Aug 14, 2024 | $215.93B−8% | SEC ↗ |
| Q1 2024 | May 15, 2024 | $234.10B+1% | SEC ↗ |
| Q4 2023 | Feb 14, 2024 | $231.13B+17% | SEC ↗ |
| Q3 2023 | Nov 14, 2023 | $198.14B−2% | SEC ↗ |
| Q2 2023 | Aug 14, 2023 | $202.79B+16% | SEC ↗ |
| Q1 2023 | May 15, 2023 | $174.39B−4% | SEC ↗ |
| Q4 2022 | Feb 14, 2023 | $180.74B+7% | SEC ↗ |
| Q3 2022 | Nov 14, 2022 | $169.10B+5% | SEC ↗ |
| Q2 2022 | Aug 15, 2022 | $161.19B−15% | SEC ↗ |
| Q1 2022 | May 16, 2022 | $188.64B−4% | SEC ↗ |
| Q4 2021 | Feb 14, 2022 | $196.76B+18% | SEC ↗ |
| Q3 2021 | Nov 15, 2021 | $166.71B+2% | SEC ↗ |
| Q2 2021 | Aug 16, 2021 | $163.01B+17% | SEC ↗ |
| Q1 2021 | May 17, 2021 | $139.75B+1% | SEC ↗ |
| Q4 2020 | Feb 16, 2021 | $138.49B+71% | SEC ↗ |
| Q3 2020 | Nov 16, 2020 | $81.22B+11% | SEC ↗ |
| Q2 2020 | Aug 14, 2020 | $72.98B+64% | SEC ↗ |
| Q1 2020 | May 14, 2020 | $44.50B−44% | SEC ↗ |
| Q4 2019 | Feb 14, 2020 | $79.93B+26% | SEC ↗ |
| Q3 2019 | Nov 14, 2019 | $63.26B−5% | SEC ↗ |
| Q2 2019 | Aug 15, 2019 (amended) | $66.52B−0% | SEC ↗ |
| Q1 2019 | May 14, 2019 | $66.82B+4% | SEC ↗ |
| Q4 2018 | Feb 15, 2019 (amended) | $64.13B−21% | SEC ↗ |
| Q3 2018 | Nov 14, 2018 | $81.59B+6% | SEC ↗ |
| Q2 2018 | Aug 14, 2018 | $76.66B+2% | SEC ↗ |
| Q1 2018 | May 15, 2018 | $74.94B+3% | SEC ↗ |
| Q4 2017 | Feb 14, 2018 | $72.45B+10% | SEC ↗ |
| Q3 2017 | Nov 14, 2017 | $65.63B+17% | SEC ↗ |
| Q2 2017 | Aug 14, 2017 | $56.06B+3% | SEC ↗ |
| Q1 2017 | May 15, 2017 | $54.58B+14% | SEC ↗ |
| Q4 2016 | Feb 14, 2017 | $47.75B−20% | SEC ↗ |
| Q3 2016 | Nov 14, 2016 | $59.64B+37% | SEC ↗ |
| Q2 2016 | Aug 15, 2016 | $43.69B+9% | SEC ↗ |
| Q1 2016 | May 16, 2016 | $40.01B | SEC ↗ |