13F filer · CIK 1273087 ↗
Millennium Management
You are looking at Q2 2025. See the latest, Q2 2026 →
Reported value
$207.08B
+10% on the quarter before
Positions
5,805
779 new · 761 sold out
Top 10
16.3%
of the value
Est. gain
+$5.66B
on stocks held all quarter
Est. return
+8.7%
on those stocks since Q1 2025
Positions as of Jun 30, 2025, 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 Q1 2025. Striped tiles are options.
Largest buys
Since Q1 2025, 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.
- Invesco Qqq TrCALL~$2.09BAdded · 1.0% → 2.1%+3,784,200 underlying
- SPDR S&P 500 ETF TrCALL~$1.15BAdded · 0.4% → 0.9%+1,862,600 underlying
- AppLovin~$810.5MAdded · 0.0% → 0.4%+2,315,114 shares
- SPDR S&P 500 ETF Tr~$748.0MAdded · 0.0% → 0.4%+1,210,634 shares
- MicrosoftCALL~$609.6MAdded · 0.5% → 0.8%+1,225,600 underlying
- NvidiaPUT~$562.0MAdded · 1.5% → 2.2%+3,557,100 underlying
- NetflixPUT~$509.5MAdded · 0.2% → 0.6%+380,500 underlying
- Palantir~$503.9MAdded · 0.1% → 0.3%+3,696,449 shares
- Ishares TrCALL~$438.0MAdded · 0.0% → 0.2%+3,995,700 underlying
- Union Pac Corp~$391.1MAdded · 0.0% → 0.2%+1,699,706 shares
Largest sells
Since Q1 2025, 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.
- Ishares Tr~$1.88BCut · 2.8% → 1.9%−3,026,507 shares
- Invesco Qqq TrPUT~$1.10BCut · 2.1% → 1.7%−2,000,900 underlying
- Meta~$719.1MCut · 0.5% → 0.2%−974,318 shares
- Broadcom~$683.5MCut · 0.3% → 0.1%−2,479,479 shares
- Bank America Corp~$674.9MCut · 0.4% → 0.1%−14,261,444 shares
- Crh PlcCALL~$671.0MSold out · 0.4% → 0.0%−100,200 underlying
- SPDR S&P 500 ETF TrPUT~$639.0MCut · 1.5% → 1.2%−1,034,200 underlying
- Wells Fargo Co New~$631.5MCut · 0.3% → 0.0%−7,881,543 shares
- BroadcomPUT~$539.5MCut · 0.5% → 0.4%−1,957,200 underlying
- Morgan Stanley~$521.0MCut · 0.3% → 0.0%−3,698,590 shares
Holdings
As of Jun 30, 2025. Changes are in shares against Mar 31, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Ishares TrPUTRUSSELL 2000 ETF · shares −8.7% | 2.4% | $5.04B | — | ||||||||
| NvidiaPUTCOM · shares +14% | 2.2% | $4.59B | — | ||||||||
| Invesco Qqq TrCALLUNIT SER 1 · shares +95% | 2.1% | $4.28B | — | ||||||||
| Ishares TrCORE S&P500 ETF · shares −33% · price +10.5% | 1.9% | $3.90B | +$370.6M | ||||||||
| Invesco Qqq TrPUTUNIT SER 1 · shares −24% | 1.7% | $3.56B | — | ||||||||
| MicrosoftPUTCOM · shares +10% | 1.5% | $3.02B | — | ||||||||
| SPDR S&P 500 ETF TrPUTTR UNIT · shares −20% | 1.2% | $2.49B | — | ||||||||
| AmazonPUTCOM · shares +7.3% | 1.2% | $2.47B | — | ||||||||
| Ishares TrCALLRUSSELL 2000 ETF · shares −4.8% | 1.1% | $2.20B | — | ||||||||
| MetaPUTCL A · shares +17% | 1.0% | $2.13B | — | ||||||||
| SPDR S&P 500 ETF TrCALLTR UNIT · shares +149% | 0.93% | $1.92B | — | ||||||||
| MicrosoftCALLCOM · shares +54% | 0.84% | $1.74B | — | ||||||||
| NvidiaCALLCOM · shares −13% | 0.75% | $1.55B | — | ||||||||
| Ishares Bitcoin Trust ETFSHS BEN INT · shares +22% · price +30.8% | 0.63% | $1.31B | +$253.3M | ||||||||
| NvidiaCOM · shares −13% · price +45.8% | 0.62% | $1.28B | +$400.6M | ||||||||
| ApplePUTCOM · shares −26% | 0.60% | $1.25B | — | ||||||||
| AmazonCALLCOM · shares +17% | 0.59% | $1.23B | — | ||||||||
| AppleCALLCOM · shares +3.9% | 0.59% | $1.22B | — | ||||||||
| NetflixPUTCOM · shares +76% | 0.57% | $1.18B | — | ||||||||
| TeslaPUTCOM · shares −19% | 0.56% | $1.15B | — | ||||||||
| MicrosoftCOM · shares +25% · price +32.5% | 0.55% | $1.15B | +$225.3M | ||||||||
| AlphabetPUTCAP STK CL A · shares −33% | 0.49% | $1.02B | — | ||||||||
| AmazonCOM · shares −0.5% · price +15.3% | 0.48% | $995.2M | +$132.1M | ||||||||
| AMDPUTCOM · shares +5.8% | 0.47% | $968.0M | — | ||||||||
| MetaCALLCL A · shares −15% | 0.45% | $932.1M | — | ||||||||
| Total · 5,805 positions | 100% | $207.08B | +$5.66B |
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 Q1 2025 to Q2 2025: 3,330 stocks held throughout, up $5.66B (+8.7%).
- Nvidia+$400.6M+46%
- Ishares Tr+$370.6M+11%
- Ishares Bitcoin Trust ETF+$253.3M+31%
- Microsoft+$225.3M+33%
- Fidelity Wise Origin Bitcoin+$153.2M+31%
- CoreWeave1:27 split−$33.0M−84%
- Pg&E Corp−$42.0M−19%
- Hess Corp−$49.3M−13%
- Roblox1:3 split−$58.6M−40%
- Unitedhealth Group Inc−$64.5M−40%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 33 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 ↗ |