13F filer · CIK 1273087 ↗
Millennium Management
You are looking at Q1 2020. See the latest, Q2 2026 →
Reported value
$44.50B
−44% on the quarter before
Positions
3,772
818 new · 1,184 sold out
Top 10
17.6%
of the value
Est. gain
−$5.23B
on stocks held all quarter
Est. return
−23.4%
on those stocks since Q4 2019
Positions as of Mar 31, 2020, 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, 25% of the reported value, each sized by its share, colored by what the fund did with it since Q4 2019. Striped tiles are options.
Largest buys
Since Q4 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 TrCALL~$1.48BAdded · 0.0% → 3.4%+5,760,800 underlying
- SPDR S&P 500 ETF TrPUT~$764.1MAdded · 0.6% → 2.5%+2,964,400 underlying
- Invesco Qqq TrCALL~$501.8MAdded · 0.2% → 1.5%+2,635,500 underlying
- Ishares TrPUT~$296.2MAdded · 1.1% → 2.0%+2,587,800 underlying
- Ishares TrCALL~$210.8MAdded · 0.1% → 0.6%+1,841,800 underlying
- Allergan Plc~$188.2MAdded · 0.7% → 1.5%+1,062,667 shares
- Select Sector SPDR TrPUT~$136.4MAdded · 0.1% → 0.4%+1,696,600 underlying
- Ishares Tr~$136.2MAdded · 0.0% → 0.3%+2,600,781 shares
- Danaher Corporation~$132.8MNew · 0.0% → 0.3%+959,617 shares
- AmazonPUT~$119.9MAdded · 0.9% → 1.9%+61,500 underlying
Largest sells
Since Q4 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~$3.29BCut · 5.2% → 0.1%−12,746,006 shares
- Recro Pharma IncCALL~$445.0MSold out · 0.6% → 0.0%−100,000 underlying
- Microsoft~$364.8MCut · 0.6% → 0.2%−2,312,812 shares
- Alibaba~$328.2MCut · 0.6% → 0.2%−1,687,821 shares
- ApplePUT~$309.4MCut · 1.3% → 1.3%−1,216,800 underlying
- MicrosoftPUT~$282.9MCut · 1.0% → 1.2%−1,793,500 underlying
- Select Sector SPDR TrPUT~$252.0MCut · 0.4% → 0.1%−2,569,500 underlying
- AlphabetPUT~$237.9MCut · 0.9% → 0.9%−204,700 underlying
- MetaPUT~$224.4MCut · 0.9% → 0.9%−1,345,600 underlying
- Ameren~$220.2MCut · 0.3% → 0.0%−3,023,439 shares
Holdings
As of Mar 31, 2020. Changes are in shares against Dec 31, 2019, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPDR S&P 500 ETF TrCALLTR UNIT · shares +5,334% | 3.4% | $1.51B | — | ||||||||
| SPDR S&P 500 ETF TrPUTTR UNIT · shares +213% | 2.5% | $1.12B | — | ||||||||
| Ishares TrPUTRUSSELL 2000 ETF · shares +50% | 2.0% | $893.9M | — | ||||||||
| AmazonPUTCOM · shares +16% | 1.9% | $861.0M | — | ||||||||
| Allergan PlcSHS · shares +38% · price −7.4% | 1.5% | $685.2M | −$39.5M | ||||||||
| Invesco Qqq TrCALLUNIT SER 1 · shares +280% | 1.5% | $680.7M | — | ||||||||
| ApplePUTCOM · shares −35% | 1.3% | $587.2M | — | ||||||||
| Invesco Qqq TrPUTUNIT SER 1 · shares −0.05% | 1.2% | $538.5M | — | ||||||||
| MicrosoftPUTCOM · shares −35% | 1.2% | $527.6M | — | ||||||||
| AlphabetPUTCAP STK CL A · shares −37% | 0.93% | $413.4M | — | ||||||||
| MetaPUTCL A · shares −37% | 0.86% | $382.9M | — | ||||||||
| AmazonCALLCOM · shares +39% | 0.83% | $370.1M | — | ||||||||
| NetflixPUTCOM · shares +1.7% | 0.77% | $344.2M | — | ||||||||
| NvidiaPUTCOM · shares −27% | 0.63% | $278.5M | — | ||||||||
| Ishares TrCALLRUSSELL 2000 ETF · shares +319% | 0.62% | $276.9M | — | ||||||||
| MicrosoftCALLCOM · shares +6.1% | 0.58% | $258.4M | — | ||||||||
| AlphabetCALLCAP STK CL A · shares +60% | 0.56% | $250.7M | — | ||||||||
| Credit Suisse Ag Nassau BrhVELOCITY SHS NEW · shares +72% · price +510.3% | 0.47% | $208.5M | +$101.5M | ||||||||
| Procter & Gamble CoCOM · shares +136% · price −11.9% | 0.44% | $193.7M | −$11.1M | ||||||||
| AppleCALLCOM · shares −45% | 0.43% | $190.9M | — | ||||||||
| MetaCL A · shares −49% · price −18.7% | 0.42% | $188.1M | −$43.4M | ||||||||
| Walmart IncPUTCOM · shares +49% | 0.41% | $184.1M | — | ||||||||
| Select Sector SPDR TrPUTTECHNOLOGY · shares +293% | 0.41% | $182.8M | — | ||||||||
| Select Sector SPDR TrPUTSBI INT-FINL · shares −17% | 0.41% | $181.4M | — | ||||||||
| Select Sector SPDR TrPUTSBI INT-INDS · shares −26% | 0.36% | $160.9M | — | ||||||||
| Total · 3,772 positions | 100% | $44.50B | −$5.23B |
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 Q4 2019 to Q1 2020: 2,513 stocks held throughout, down $5.23B (−23.4%).
- Credit Suisse Ag Nassau Brh+$101.5M+510%
- Royal Dutch Shell Plc10:1 split+$66.8M+445%
- Ford Mtr Co Del44:1 split+$36.4M+2,184%
- Barclays Bk Plc+$23.6M+206%
- Oneok Inc New20:1 split+$20.7M+477%
- United Airls Hldgs Inc−$54.5M−64%
- Wells Fargo Co New−$55.3M−47%
- Marathon Pete Corp−$58.1M−61%
- Bk Of America Corp−$62.5M−40%
- Chevron Corp New−$62.7M−40%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 112 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 ↗ |