Millennium Management's Q2 Portfolio: Option Strategy Focus, New Positions in SpaceX, Intel, and AMD, Increased Stakes in NVIDIA and Microsoft

Stock News08-17 17:27

Millennium Management has disclosed its 13F filing for the second quarter ending June 30, 2026, showcasing a portfolio with a total market value of $276 billion in U.S. equities, up from $240 billion in the prior quarter. The fund added 1,031 new positions, increased holdings in 2,047 stocks, reduced stakes in 2,372, and closed out 857 positions. The top ten holdings account for 18.44% of the total portfolio value.

Among the top five holdings, the iShares Core S&P 500 ETF (IVV.US) ranks first, with approximately 14.504 million shares valued at $10.86 billion, making up 3.56% of the portfolio. This represents an 11.69% increase in shares from the previous quarter. In second place is the iShares Russell 2000 ETF put option (IWM.US,PUT), with 33.283 million shares worth $10.0 billion, or 3.27% of the portfolio, reflecting a 17.14% decrease in holdings. The NVIDIA put option (NVDA.US,PUT) is the third-largest holding, with 25.464 million shares valued at $5.1 billion, or 1.67% of the portfolio, up 7.82% from the prior quarter. The iShares Russell 2000 ETF call option (IWM.US,CALL) ranks fourth, with 14.519 million shares worth $4.36 billion, representing 1.43% of the portfolio, a 21.09% increase. The Invesco QQQ Trust put option (QQQ.US,PUT) is fifth, with 5.422 million shares valued at $3.99 billion, or 1.31% of the portfolio, down 10.37% from the previous quarter.

Rounding out the top ten holdings are: the SPDR S&P 500 ETF Trust (SPY.US), the SPDR S&P 500 ETF Trust call option (SPY.US,CALL), the Micron Technology put option (MU.US,PUT), the SPDR S&P 500 ETF Trust put option (SPY.US,PUT), and the Invesco QQQ Trust call option (QQQ.US,CALL).

Notably, Millennium Management established new positions in SpaceX (SPCX.US), Intel (INTC.US), and Advanced Micro Devices (AMD.US) during the second quarter. SpaceX has become the fund's eleventh-largest holding, with a market value of approximately $2.98 billion, accounting for 0.98% of the portfolio. The fund also increased its stakes in NVIDIA (NVDA.US) and Microsoft (MSFT.US), while reducing its position in Apple (AAPL.US).

In terms of changes in portfolio allocation, the top five buys were: the SPDR S&P 500 ETF Trust, SpaceX, the Micron Technology put option, the SPDR S&P 500 ETF Trust call option, and the SPDR S&P 500 ETF Trust put option. The top five sales were: the SPDR Portfolio S&P 500 ETF (SPYM.US), the CRH put option (CRH.US,PUT), the CRH call option (CRH.US,CALL), the iShares Russell 2000 ETF put option (IWM.US,PUT), and Apple.

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