Institutional Manager · CIK 0001273087

MILLENNIUM MANAGEMENT LLC

NEW YORK, NY · File #028-10684

Latest AUM

$237.79B

Positions

5,950

Top-10 Concentration

51.4%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	ISHARES TR	464287200	+6,995,145	+$4.79B	+$117.3M
REDUCE	AMAZON COM INC	AMZN	-7,729,500	-$1.78B	+$122.7M
ADD	SPDR S&P 500 ETF TR	SPY	+2,578,600	+$1.76B	+$2.3M
ADD	ISHARES BITCOIN TRUST ETF	IBIT	+33,290,424	+$1.65B	-$16.0M
REDUCE	NVIDIA CORPORATION	NVDA	-7,784,500	-$1.45B	-$2.5M
ADD	TESLA INC	TSLA	+2,497,047	+$1.12B	+$2.1M
REDUCE	APPLE INC	AAPL	-3,945,253	-$1.07B	+$153.3M
ADD	BOSTON SCIENTIFIC CORP	BSX	+11,220,590	+$1.02B	-$287,840
ADD	INVESCO QQQ TR	IVZ	+1,542,200	+$947.4M	+$100.1M
REDUCE	MICROSOFT CORP	MSFT	-1,885,800	-$912.0M	-$211.0M

Sector Allocation

Technology

18.5%$44.10B

Healthcare

7.9%$18.81B

Financials

7.5%$17.81B

Consumer Discretionary

6.8%$16.15B

Industrials

4.5%$10.68B

Communication Services

4.0%$9.58B

3.9%$9.18B

2.2%$5.30B

1.9%$4.63B

0.8%$1.98B

0.7%$1.70B

Filing History

Feb 17, 202613F COMBINATION REPORTQ/E Dec 20255,950 pos · $237.79B
Nov 14, 202513F COMBINATION REPORTQ/E Sep 20255,978 pos · $234.29B
Aug 14, 202513F COMBINATION REPORTQ/E Jun 20255,805 pos · $207.08B
May 15, 202513F COMBINATION REPORTQ/E Mar 20255,787 pos · $187.88B
Feb 14, 202513F COMBINATION REPORTQ/E Dec 20245,890 pos · $204.64B
Nov 14, 202413F COMBINATION REPORTQ/E Sep 20246,030 pos · $210.88B
Aug 14, 202413F COMBINATION REPORTQ/E Jun 20245,803 pos · $215.93B
May 15, 202413F COMBINATION REPORTQ/E Mar 20246,138 pos · $234.10B
Nov 14, 202313F COMBINATION REPORTQ/E Dec 20236,057 pos · $198.14B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	464287200	14,494,278	$9.93B	11.19%
2	ISHARES TR	464287655	30,678,500	$7.55B	8.51%
3	INVESCO QQQ TR	IVZ	8,722,600	$5.36B	6.04%
4	WALMART INC	WMT	40,777,563	$4.54B	5.12%
5	NVIDIA CORPORATION	NVDA	23,513,200	$4.39B	4.94%
6	ISHARES TR	464287655	15,680,700	$3.86B	4.35%
7	NVIDIA CORPORATION	NVDA	15,233,619	$2.84B	3.20%
8	SPDR S&P 500 ETF TR	SPY	3,647,038	$2.49B	2.80%
9	APPLE INC	AAPL	9,012,900	$2.45B	2.76%
10	INVESCO QQQ TR	IVZ	3,652,200	$2.24B	2.53%
11	AMAZON COM INC	AMZN	9,441,500	$2.18B	2.46%
12	META PLATFORMS INC	META	3,166,200	$2.09B	2.36%
13	MICROSOFT CORP	MSFT	4,260,200	$2.06B	2.32%
14	SPDR S&P 500 ETF TR	SPY	2,722,000	$1.86B	2.09%
15	ISHARES BITCOIN TRUST ETF	IBIT	34,333,524	$1.70B	1.92%
16	ALPHABET INC	GOOG	5,439,400	$1.70B	1.92%
17	BROADCOM INC	AVGO	4,445,154	$1.54B	1.73%
18	SELECT SECTOR SPDR TR	81369Y605	27,048,800	$1.48B	1.67%
19	APPLE INC	AAPL	4,950,847	$1.35B	1.52%
20	TESLA INC	TSLA	2,911,400	$1.31B	1.48%