MILLENNIUM MANAGEMENT LLC

Hedge Fund • Multi-Strategy

MILLENNIUM MANAGEMENT LLC is a Multi-Strategy Hedge Fund based in Little Rock, AR led by Dan Michael Berkovitz, reporting $571.11B in AUM as of Q3 2025 with IVV as the largest holding (4% allocation).

ChairmanDan Michael Berkovitz

Portfolio Value: $121.98B
Positions: 3,803
Top Holding: IVV at 4.11%
Last Reported: Q3 2025

Address1501 N. University Ave, Ste 551, Little Rock, AR, 72207, United States

Top Holdings

Largest long holdings in MILLENNIUM MANAGEMENT LLC's portfolio (14.9% of total portfolio)

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Holding	Sector	Market Value	Weight	Traded	Ownership	Owned Since
1 iShares Core S&P 500 ETF IVV	ETF ETF	$5.0B	4.11%	+$814.8M Bought	— 7.5M shares	Q2 2014 Held for 11y 5m
2 Nvidia NVDA	Semiconductors Technology	$3.4B	2.80%	+$1.9B Bought	0.08% 18.3M shares	≤ Q2 2013 Held for 12y 5m+
3 Apple AAPL	Consumer Electronics Technology	$1.8B	1.46%	+$1.3B Bought	0.05% 7.0M shares	≤ Q2 2013 Held for 12y 5m+
4 Microsoft MSFT	Software - Infrastructure Technology	$1.8B	1.46%	+$581.4M Bought	0.05% 3.4M shares	≤ Q2 2013 Held for 12y 5m+
5 iShares Bitcoin Trust IBIT	ETF ETF	$1.3B	1.09%	-$59.5M Sold	— 20.5M shares	Q1 2024 Held for 1y 8m
6 ETHA iShares Ethereum Trust ETHA	Unknown Unknown	$1.1B	0.88%	+$885.9M Bought	— 33.9M shares	Q3 2024 Held for 1y 2m
7 SPDR S&P 500 ETF Trust SPY	ETF ETF	$1.0B	0.85%	+$183.5M Bought	— 1.5M shares	≤ Q2 2013 Held for 12y 5m+
8 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.0B	0.83%	+$582.7M Bought	0.05% 1.4M shares	≤ Q2 2013 Held for 12y 5m+
9 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$873.2M	0.72%	+$345.6M Bought	0.03% 3.6M shares	≤ Q2 2013 Held for 12y 5m+
10 Amazon AMZN	Specialty Retail Consumer Cyclical	$823.0M	0.67%	-$173.0M Sold	0.04% 3.7M shares	≤ Q2 2013 Held for 12y 5m+

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in MILLENNIUM MANAGEMENT LLC's latest filing

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Market Value

$121.98B

Prior: $107.83B

Q/Q Change

+13.12%

+$14.1B

Net Flows % of MV

+2.27%

Turnover Ratio

34.1%

New Purchases

119 stocks

$509.9M

Added To

1,600 stocks

+$41.7B

Sold Out Of

394 stocks

$2.9B

Reduced Holdings

1,745 stocks

-$36.5B

Increased Positions

Position	Shares Δ	Change
1 PSKY Paramount Skydance Corporation Class B Common Stock PSKY	New	0 → 2.9M +$55.5M
2 Brightstar Lottery PLC BRSL	New	0 → 2.9M +$50.4M
3 KLAR Klarna Group plc KLAR	New	0 → 1.1M +$40.7M
4 CCC CCC Intelligent Solutions Holdings Inc. CCC	New	0 → 2.9M +$26.7M
5 FIGR First National Bank Groton N Y FIGR	New	0 → 657.1K +$23.9M

Decreased Positions

Position	Shares Δ	Change
1 Hess HES	Sold	3.5M → 0 −$478.2M
2 Ansys ANSS	Sold	777.2K → 0 −$273.0M
3 Fiserv FI	Sold	1.3M → 0 −$227.7M
4 Juniper Networks JNPR	Sold	3.0M → 0 −$120.7M
5 Planet Fitness PLNT	Sold	869.3K → 0 −$94.8M

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Analytics

Portfolio insights and performance metrics for MILLENNIUM MANAGEMENT LLC

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Sector Allocation

Technology

17.10%

Financial Services

13.90%

Industrials

11.30%

Healthcare

11.10%

ETF

8.70%

Consumer Cyclical

7.90%

Communication Services

4.60%

Consumer Defensive

4.50%

Energy

4.20%

Basic Materials

4.10%

Utilities

2.90%

Real Estate

2.60%

Market Cap Distribution

Mega Cap (> $200B)

15.82%

Large Cap ($10B - $200B)

43.94%

Mid Cap ($2B - $10B)

18.94%

Small Cap ($300M - $2B)

6.22%

Micro Cap ($50M - $300M)

0.55%

Nano Cap (< $50M)

1.00%

N/A (ETF or Unknown)

13.54%

Portfolio Concentration

Top 10 Holdings %

14.87%

Top 20 Holdings %

20.01%

Top 50 Holdings %

28.81%

Top 100 Holdings %

38.72%