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 Q2 2025 with IVV as the largest holding (4% allocation).

ChairmanDan Michael Berkovitz

Portfolio Value: $107.83B
Positions: 3,753
Top Holding: IVV at 3.62%
Last Reported: Q2 2025

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

Top Holdings

Largest long holdings in MILLENNIUM MANAGEMENT LLC's portfolio (11.3% of total portfolio)

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Holding	Sector	Market Value	Weight	Ownership	Owned Since
1 iShares Core S&P 500 ETF IVV	ETF ETF	$3.9B	3.62%	— 6.3M shares	Q2 2014 Held for 11y 4m
2 iShares Bitcoin Trust IBIT	ETF ETF	$1.3B	1.22%	— 21.4M shares	Q1 2024 Held for 1y 7m
3 Nvidia NVDA	Semiconductors Technology	$1.3B	1.18%	0.03% 8.1M shares	≤ Q2 2013 Held for 12y 4m+
4 Microsoft MSFT	Software - Infrastructure Technology	$1.1B	1.07%	0.03% 2.3M shares	≤ Q2 2013 Held for 12y 4m+
5 Amazon AMZN	Specialty Retail Consumer Cyclical	$995.2M	0.92%	0.04% 4.5M shares	≤ Q2 2013 Held for 12y 4m+
6 Applovin Corporation APP	Software - Application Technology	$909.5M	0.84%	0.77% 2.6M shares	Q2 2021 Held for 4y 4m
7 SPDR S&P 500 ETF Trust SPY	ETF ETF	$787.1M	0.73%	— 1.3M shares	≤ Q2 2013 Held for 12y 4m+
8 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$682.9M	0.63%	0.21% 5.0M shares	Q3 2020 Held for 5 years
9 Fidelity Wise Origin Bitcoin Fund FBTC	ETF ETF	$661.0M	0.61%	— 7.0M shares	Q1 2024 Held for 1y 7m
10 Intuitive Surgical ISRG	Medical - Instruments & Supplies Healthcare	$536.8M	0.50%	0.28% 987.9K shares	≤ Q2 2013 Held for 12y 4m+

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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

$107.83B

Prior: $99.4B

Q/Q Change

+8.45%

+$8.4B

Net Flows % of MV

-2.33%

Turnover Ratio

34.35%

New Purchases

91 stocks

$360.8M

Added To

1,688 stocks

+$35.4B

Sold Out Of

450 stocks

$2.6B

Reduced Holdings

1,605 stocks

-$35.7B

Increased Positions

Position	Shares Δ	Change
1 JBS N.V. JBS	New	0 → 4.5M +$65.3M
2 Voyager Technologies, Inc. VOYG	New	0 → 669.1K +$26.3M
3 Ralliant Corporation RAL	New	0 → 499.2K +$24.2M
4 Galaxy Digital Inc. Class A Common Stock GLXY	New	0 → 838.3K +$18.4M
5 eToro Group Ltd. Class A Common Shares ETOR	New	0 → 256.9K +$17.1M

Decreased Positions

Position	Shares Δ	Change
1 Discover Financial Services DFS	Sold	1.7M → 0 −$281.9M
2 Shopify SHOP	Sold	2.5M → 0 −$242.4M
3 Berry Global Group BERY	Sold	2.5M → 0 −$173.1M
4 Vertex Pharmaceuticals VRTX	Sold	309.9K → 0 −$150.3M
5 Beacon Roofing Supply BECN	Sold	1.2M → 0 −$148.1M

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Analytics

Portfolio insights and performance metrics for MILLENNIUM MANAGEMENT LLC

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Sector Allocation

Technology

17.40%

Financial Services

13.00%

Industrials

11.80%

Healthcare

11.70%

Consumer Cyclical

9.10%

ETF

7.90%

Consumer Defensive

5.00%

Communication Services

4.30%

Energy

4.20%

Basic Materials

3.70%

Real Estate

3.20%

Utilities

2.90%

Market Cap Distribution

Mega Cap (> $200B)

11.83%

Large Cap ($10B - $200B)

45.63%

Mid Cap ($2B - $10B)

21.02%

Small Cap ($300M - $2B)

6.53%

Micro Cap ($50M - $300M)

0.55%

Nano Cap (< $50M)

2.37%

N/A (ETF or Unknown)

12.07%

Portfolio Concentration

Top 10 Holdings %

11.32%

Top 20 Holdings %

15.7%

Top 50 Holdings %

25.07%

Top 100 Holdings %

35.08%

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