量化多策略Quant multi-strategy · famous

Millennium Management

千禧管理

公开持仓Public holdings

13F-RS 研究可用度13F-RS research usability 48.7 覆盖coverage 75% · 置信confidence B

结论先行Answer first

前五大占14.5%，最值得继续核验的动作是增持STATE STR SPDR S&P 500 ETF TTop five represent 14.5%; increase in STATE STR SPDR S&P 500 ETF T is the clearest next diligence lead

最大可见普通证券持仓为ISHARES TR（3.9%）；季度快照换手代理为36.4%，前十大延续率为89.3%。该机构归入“量化多策略”，13F只能解释公开的美国可报告证券多头。

The largest visible non-option holding is ISHARES TR (3.9%). The quarterly snapshot turnover proxy is 36.4%, and top-ten persistence is 89.3%. The manager is classified as Quant/multi-strategy; 13F covers only visible reportable U.S. long securities.

下一步Next diligence

把增持STATE STR SPDR S&P 500 ETF T作为研究线索，结合公司基本面、估值、催化剂及13D/G核验；不要直接跟单。

Treat the increase in STATE STR SPDR S&P 500 ETF T as a research lead and verify fundamentals, valuation, catalysts and any 13D/G filings; do not copy mechanically.

可见总值Visible value$276.29bn前期 2026-03-31: $240.29bn（仅作规模对照）Prior 2026-03-31: $240.29bn (scale context only)

经济持仓数Economic positions5,796按 CUSIP / 证券类型规范化normalized by CUSIP / security type

前五集中度Top-five concentration14.5%集中度不是能力评分concentration is not skill

季度换手代理Quarterly turnover proxy36.4%股数与同价漂移估算share / same-price-drift estimate

前十大延续Top-ten persistence89.3%与前季比较versus prior quarter

最新申报日Latest filing date2026-08-14报告期report date 2026-06-30

CIK · accession · accepted date

本季申报链Current filing chain

先展示 13F-NT 关系通知，再展示解析到的 13F-HR / HR-A。价值单位说明保留检测结果和归一化倍数。

Relationship notices appear before resolved 13F-HR / HR-A filings. Unit notes preserve the detection result and normalization multiplier.

法律申报人Legal filer	CIK	Form	Accession	申报日Filed	解析 / 单位说明Resolution / unit note
MILLENNIUM MANAGEMENT LLC	CIK 0001273087	13F-HR	0001273087-26-000007	2026-08-14	usd_consistent_with_implied_prices

2026-03-31 → 2026-06-30

持仓与季度变化Holdings and quarterly change

前十大可见普通证券Top visible non-option holdings 10

证券Security	Put / Call	申报价值Filed value	权重Weight	股数 / 标的股数Shares / underlying shares	股数变化Share change
ISHARES TRCORE S&P500 ETF · CUSIP 464287200	—	$10.86bn	3.93%	14,503,932	11.7%
STATE STR SPDR S&P 500 ETF TTR UNIT · CUSIP 78462F103	—	$3.63bn	1.31%	4,857,109	679.7%
SPACE EXPLORATION TECHN CORPCLASS A COM STK · CUSIP 84615Q103	—	$2.98bn	1.08%	17,604,863	—
NVIDIA CORPORATIONCOM · CUSIP 67066G104	—	$2.43bn	0.88%	12,157,614	14.8%
NORFOLK SOUTHN CORPCOM · CUSIP 655844108	—	$1.64bn	0.59%	5,201,728	13.5%
MICROSOFT CORPCOM · CUSIP 594918104	—	$1.58bn	0.57%	4,240,904	51.6%
WARNER BROS DISCOVERY INCCOM SER A · CUSIP 934423104	—	$1.54bn	0.56%	57,657,575	31.2%
VANGUARD INDEX FDSS&P 500 ETF SHS · CUSIP 922908363	—	$1.25bn	0.45%	1,825,001	79.5%
AMAZON COM INCCOM · CUSIP 023135106	—	$981.2m	0.35%	4,116,745	46.7%
WESTERN DIGITAL CORPNOTE 3.000%11/1 · CUSIP 958102AT2	—	$980.0m	0.35%	58,044,000	-71.8%

新建仓位New positions 10

证券Security	Put / Call	申报价值Filed value	权重Weight	股数 / 标的股数Shares / underlying shares	股数变化Share change
SPACE EXPLORATION TECHN CORPCLASS A COM STK · CUSIP 84615Q103	—	$2.98bn	1.08%	17,604,863	—
EXTRA SPACE STORAGE INCCOM · CUSIP 30225T102	—	$205.6m	0.07%	1,415,100	—
MONOLITHIC PWR SYS INCCOM · CUSIP 609839105	—	$189.2m	0.07%	136,835	—
SUPER MICRO COMPUTER INC7 DEP CM SR A WI · CUSIP 86800U500	—	$166.9m	0.06%	3,252,332	—
CARNIVAL CORP LTDCOMMON SHARES · CUSIP G2004J103	—	$155.7m	0.06%	5,451,184	—
ON SEMICONDUCTOR CORPNOTE 5/0 · CUSIP 682189AS4	—	$155.1m	0.06%	84,973,000	—
HONEYWELL AEROSPACE INCCOM · CUSIP 43849R105	—	$136.2m	0.05%	616,062	—
VANECK ETF TRUSTSEMICONDUCTR ETF · CUSIP 92189F676	—	$133.2m	0.05%	203,071	—
NOVARTIS AGSPONSORED ADR · CUSIP 66987V109	—	$118.8m	0.04%	758,029	—
AKAMAI TECHNOLOGIES INCNOTE 0.250% 5/1 · CUSIP 00971TAQ4	—	$106.4m	0.04%	72,775,000	—

增持仓位Added positions 10

证券Security	Put / Call	申报价值Filed value	权重Weight	股数 / 标的股数Shares / underlying shares	股数变化Share change
STATE STR SPDR S&P 500 ETF TTR UNIT · CUSIP 78462F103	—	$3.63bn	1.31%	4,857,109	679.7%
ISHARES TRCORE S&P500 ETF · CUSIP 464287200	—	$10.86bn	3.93%	14,503,932	11.7%
BLOOM ENERGY CORPCOM CL A · CUSIP 093712107	—	$763.5m	0.28%	2,522,461	551.5%
VANGUARD INDEX FDSS&P 500 ETF SHS · CUSIP 922908363	—	$1.25bn	0.45%	1,825,001	79.5%
SEAGATE TECHNOLOGY HLDNGS PLORD SHS · CUSIP G7997R103	—	$610.9m	0.22%	633,069	152.9%
CREDO TECHNOLOGY GROUP HOLDIORDINARY SHARES · CUSIP G25457105	—	$543.3m	0.20%	1,997,808	178.6%
MICROSOFT CORPCOM · CUSIP 594918104	—	$1.58bn	0.57%	4,240,904	51.6%
DANAHER CORP DELCOM · CUSIP 235851102	—	$407.7m	0.15%	2,140,587	1,070.8%
NVIDIA CORPORATIONCOM · CUSIP 67066G104	—	$2.43bn	0.88%	12,157,614	14.8%
AMAZON COM INCCOM · CUSIP 023135106	—	$981.2m	0.35%	4,116,745	46.7%

减持仓位Reduced positions 10

证券Security	Put / Call	申报价值Filed value	权重Weight	股数 / 标的股数Shares / underlying shares	股数变化Share change
APPLE INCCOM · CUSIP 037833100	—	$219.0m	0.08%	756,799	-83.8%
WESTERN DIGITAL CORPNOTE 3.000%11/1 · CUSIP 958102AT2	—	$980.0m	0.35%	58,044,000	-71.8%
MORGAN STANLEYCOM NEW · CUSIP 617446448	—	$110.6m	0.04%	529,314	-86.8%
BANK OF AMER CORPCOM · CUSIP 060505104	—	$157.0m	0.06%	2,755,267	-80.7%
BROADCOM INCCOM · CUSIP 11135F101	—	$139.5m	0.05%	369,305	-82.8%
MARVELL TECHNOLOGY INCCOM · CUSIP 573874104	—	$100.1m	0.04%	335,928	-94.5%
META PLATFORMS INCCL A · CUSIP 30303M102	—	$731.9m	0.27%	1,299,244	-35.2%
ISHARES BITCOIN TRUST ETFSHS BEN INT · CUSIP 46438F101	—	$322.5m	0.12%	9,686,854	-49.8%
ALPHABET INCCAP STK CL A · CUSIP 02079K305	—	$33.7m	0.01%	94,273	-94.3%
CITIGROUP INCCOM NEW · CUSIP 172967424	—	$134.3m	0.05%	959,523	-80.0%

退出仓位Exited positions 10

证券Security	Put / Call	申报价值Filed value	权重Weight	股数 / 标的股数Shares / underlying shares	股数变化Share change
SPDR SERIES TRUSTSTATE STREET SPD · CUSIP 78464A854	—	$1.65bn	0.69%	21,566,182	-100.0%
LUMENTUM HLDGS INCNOTE 0.500% 6/1 · CUSIP 55024UAF6	—	$841.9m	0.35%	157,266,000	-100.0%
COTERRA ENERGY INCCOM · CUSIP 127097103	—	$447.4m	0.19%	12,730,854	-100.0%
HOLOGIC INCCOM · CUSIP 436440101	—	$427.2m	0.18%	5,651,225	-100.0%
CLEARWATER ANALYTICS HLDGS ICL A · CUSIP 185123106	—	$219.8m	0.09%	9,294,096	-100.0%
MASIMO CORPCOM · CUSIP 574795100	—	$175.9m	0.07%	988,853	-100.0%
LUMENTUM HLDGS INCNOTE 0.500%12/1 · CUSIP 55024UAD1	—	$173.3m	0.07%	24,510,000	-100.0%
TERNS PHARMACEUTICALS INCCOM · CUSIP 880881107	—	$158.8m	0.07%	3,011,558	-100.0%
AMICUS THERAPEUTICCOM · CUSIP 03152W109	—	$114.4m	0.05%	7,908,459	-100.0%
PEABODY ENGR CORPNOTE 3.250% 3/0 · CUSIP 704551AD2	—	$111.5m	0.05%	60,911,000	-100.0%

期权切片Options slice 10

Put/Call 股数是标的股数；13F 没有执行价、到期日、权利金或净方向。Put/call shares are underlying shares; 13F omits strike, expiry, premium and net direction.

证券Security	Put / Call	申报价值Filed value	权重Weight	股数 / 标的股数Shares / underlying shares	股数变化Share change
ISHARES TRRUSSELL 2000 ETF · CUSIP 464287655	PUT	$10.00bn	3.62%	33,283,000	-17.1%
NVIDIA CORPORATIONCOM · CUSIP 67066G104	PUT	$5.10bn	1.84%	25,464,200	7.8%
ISHARES TRRUSSELL 2000 ETF · CUSIP 464287655	CALL	$4.36bn	1.58%	14,519,000	21.1%
INVESCO QQQ TRUNIT SER 1 · CUSIP 46090E103	PUT	$3.99bn	1.45%	5,422,200	-10.4%
STATE STR SPDR S&P 500 ETF TTR UNIT · CUSIP 78462F103	CALL	$3.54bn	1.28%	4,746,200	201.8%
MICRON TECHNOLOGY INCCOM · CUSIP 595112103	PUT	$3.26bn	1.18%	2,824,100	55.2%
STATE STR SPDR S&P 500 ETF TTR UNIT · CUSIP 78462F103	PUT	$3.22bn	1.17%	4,309,500	57.7%
INVESCO QQQ TRUNIT SER 1 · CUSIP 46090E103	CALL	$3.00bn	1.09%	4,074,700	2.8%
ADVANCED MICRO DEVICES INCCOM · CUSIP 007903107	PUT	$2.75bn	0.99%	4,729,800	-10.3%
APPLE INCCOM · CUSIP 037833100	PUT	$2.63bn	0.95%	9,103,300	4.6%

13F-RS-v1.0

评分拆解Score breakdown

完整方法Full methodology

维度Dimension	得分Score	比例Ratio
申报完整性Filing integrity	15.0 / 15	100%
实体映射Entity mapping	10.0 / 10	100%
策略适配度Strategy fit	5.2 / 15	35%
集中度信息密度Concentration signal	2.8 / 10	28%
高确信度可识别性Conviction identifiability	1.3 / 15	9%
延续性 / 换手Persistence / turnover	7.4 / 10	74%
申报时滞Filing lag	0.0 / 10	0%
不可见风险Opacity risk	5.5 / 10	55%
独立共识Independent consensus	1.5 / 5	30%

策略分类：量化多策略。分数衡量公开13F的研究可用度，不评价未来收益。Strategy classification: Quant multi-strategy. The score measures public-13F research usability, not future returns.

H（高确信度可识别性）当前以单仓≥2%为有限代理，尚未接入风格基准主动权重，因此该分项覆盖度只有50%。H (conviction identifiability) currently uses positions ≥2% as a limited proxy; style-benchmark active weights are not yet available, so this component has only 50% coverage.