13F filer · CIK 1273087 ↗
Millennium Management
You are looking at Q3 2025. See the latest, Q2 2026 →
Reported value
$234.29B
+13% on the quarter before
Positions
5,978
855 new · 682 sold out
Top 10
17.7%
of the value
Est. gain
+$5.42B
on stocks held all quarter
Est. return
+7.5%
on those stocks since Q2 2025
Positions as of Sep 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, 27% of the reported value, each sized by its share, colored by what the fund did with it since Q2 2025. Striped tiles are options.
Largest buys
Since Q2 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.
- Nvidia~$1.90BAdded · 0.6% → 1.5%+10,197,455 shares
- Ishares TrPUT~$1.69BAdded · 2.4% → 3.1%+6,988,700 underlying
- Apple~$1.28BAdded · 0.2% → 0.8%+5,013,875 shares
- Ishares TrCALL~$1.09BAdded · 1.1% → 1.5%+4,499,500 underlying
- Ishares Ethereum Tr~$885.9MAdded · 0.1% → 0.5%+28,115,038 shares
- Ishares Tr~$814.8MAdded · 1.9% → 2.1%+1,217,370 shares
- ApplePUT~$710.9MAdded · 0.6% → 1.0%+2,792,000 underlying
- Norfolk Southn Corp~$663.4MAdded · 0.1% → 0.3%+2,208,289 shares
- Select Sector SPDR TrPUT~$599.0MAdded · 0.4% → 0.7%+11,120,100 underlying
- Meta~$582.7MAdded · 0.2% → 0.4%+793,510 shares
Largest sells
Since Q2 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.
- SPDR S&P 500 ETF TrCALL~$1.98BCut · 0.9% → 0.0%−2,965,300 underlying
- AppLovin~$1.85BCut · 0.4% → 0.0%−2,574,629 shares
- SPDR S&P 500 ETF TrPUT~$1.64BCut · 1.2% → 0.4%−2,468,600 underlying
- Palantir~$835.0MCut · 0.3% → 0.0%−4,577,116 shares
- Oracle~$513.2MCut · 0.2% → 0.0%−1,824,640 shares
- Hess Corp~$478.2MSold out · 0.2% → 0.0%−3,451,615 shares
- Citigroup IncCALL~$460.7MCut · 0.2% → 0.0%−4,539,200 underlying
- Mastercard~$420.9MCut · 0.2% → 0.0%−739,920 shares
- Bank America CorpPUT~$391.9MCut · 0.3% → 0.1%−7,597,000 underlying
- Robinhood~$386.0MCut · 0.1% → 0.0%−2,695,894 shares
Holdings
As of Sep 30, 2025. Changes are in shares against Jun 30, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Ishares TrPUTRUSSELL 2000 ETF · shares +30% | 3.1% | $7.34B | — | ||||||||
| NvidiaPUTCOM · shares +7.7% | 2.5% | $5.84B | — | ||||||||
| Ishares TrCORE S&P500 ETF · shares +19% · price +7.8% | 2.1% | $5.02B | +$304.0M | ||||||||
| Invesco Qqq TrCALLUNIT SER 1 · shares −7.5% | 1.8% | $4.31B | — | ||||||||
| Invesco Qqq TrPUTUNIT SER 1 · shares +6.1% | 1.8% | $4.11B | — | ||||||||
| Ishares TrCALLRUSSELL 2000 ETF · shares +44% | 1.5% | $3.56B | — | ||||||||
| NvidiaCOM · shares +126% · price +18.1% | 1.5% | $3.41B | +$230.9M | ||||||||
| MicrosoftPUTCOM · shares +1.2% | 1.4% | $3.18B | — | ||||||||
| AmazonPUTCOM · shares −3.3% | 1.0% | $2.40B | — | ||||||||
| ApplePUTCOM · shares +46% | 0.97% | $2.27B | — | ||||||||
| MetaPUTCL A · shares −14% | 0.78% | $1.83B | — | ||||||||
| AppleCOM · shares +250% · price +24.1% | 0.76% | $1.79B | +$99.0M | ||||||||
| MicrosoftCOM · shares +49% · price +4.1% | 0.76% | $1.78B | +$47.5M | ||||||||
| Select Sector SPDR TrPUTFINANCIAL · shares +63% | 0.66% | $1.55B | — | ||||||||
| TeslaPUTCOM · shares −3.9% | 0.66% | $1.55B | — | ||||||||
| NvidiaCALLCOM · shares −16% | 0.65% | $1.53B | — | ||||||||
| Ishares TrPUTIBOXX HI YD ETF · shares +62% | 0.64% | $1.51B | — | ||||||||
| MicrosoftCALLCOM · shares −18% | 0.64% | $1.49B | — | ||||||||
| Ishares TrPUTMSCI EMG MKT ETF · shares +45% | 0.63% | $1.48B | — | ||||||||
| AppleCALLCOM · shares −11% | 0.58% | $1.36B | — | ||||||||
| Ishares Bitcoin Trust ETFSHS BEN INT · shares −4.3% · price +6.2% | 0.57% | $1.33B | +$77.8M | ||||||||
| AlphabetPUTCAP STK CL A · shares −7.8% | 0.56% | $1.30B | — | ||||||||
| TeslaCALLCOM · shares −2.3% | 0.47% | $1.11B | — | ||||||||
| Ishares Ethereum TrSHS · shares +484% · price +65.2% | 0.46% | $1.07B | +$72.3M | ||||||||
| SPDR Dow Jones Indl AveragePUTUT SER 1 · shares +41% | 0.46% | $1.07B | — | ||||||||
| Total · 5,978 positions | 100% | $234.29B | +$5.42B |
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 Q2 2025 to Q3 2025: 3,391 stocks held throughout, up $5.42B (+7.5%).
- Ishares Tr+$304.0M+8%
- Nvidia+$230.9M+18%
- Alphabet+$166.9M+37%
- Alphabet+$145.1M+38%
- Crh Plc+$103.5M+31%
- Hdfc Bank Ltd−$47.1M−55%
- Liberty Broadband Corp−$47.4M−35%
- Medpace Hldgs Inc1:3 split−$49.1M−45%
- Sprouts Fmrs Mkt Inc−$50.2M−34%
- Fiserv Inc−$55.3M−25%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 25 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 ↗ |