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Millennium Management

SEC-registered adviser since 2012New York, NYCRD 158117

$720.8B
AUM
27
Clients
See fees
Fee
3,055
Advisory staff

From Form ADV filed 25 August 2026 · data retrieved 15 October 2026SEC record

Millennium Management is an investment adviser headquartered in New York, New York, and registered with the SEC since 2012. Its clients include pooled investment vehicles, sovereign wealth funds and foreign official institutions, and state or municipal government entities.

Its services include portfolio management for pooled vehicles and portfolio management for institutions. Fee arrangements include a percentage of assets under management, performance-based fees and other arrangements. MLM Trust B LLC owns 25% to 50% of Millennium Management, and Israel Englander is its CEO.

Clients

Millennium Management serves 27 clients. The average client has about $26.7 billion with the firm.

Regulatory assets by client type
  • Pooled investment vehicles27 clients98%
  • OtherState or municipal government entities, Sovereign wealth funds and foreign official institutions2%
Show client breakdown
Pooled investment vehicles
Clients
27
Regulatory AUM
$709,270,928,000
Share
98.4%
Avg. per client
$26.27B
State or municipal government entities
Clients
Not reported
Regulatory AUM
$1,305,461,000
Share
0.2%
Avg. per client
—
Sovereign wealth funds and foreign official institutions
Clients
Not reported
Regulatory AUM
$10,269,562,000
Share
1.4%
Avg. per client
—

Total

Clients
27
Regulatory AUM
$720,845,951,000
Share
100%
Avg. per client
$26.70B

What it does

Millennium Management provides portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets, performance-based fees and other arrangements.

Millennium Management provided financial planning to 0 clients last fiscal year and advises 10 private funds.

100.0% of assets ($720.85B across 35 accounts) are managed with discretion. 57% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks100%

Custodians

Millennium Management’s client accounts are held mainly at State Street Bank and Trust, with 1% of managed assets, and Bank of New York Mellon, with 1%. Millennium Management has custody of $98.14B for 27 clients.

Managed account assets by custodian
  • Bank of New York MellonBank of New York Mellon · London · $4.12B1%
  • State Street Bank and TrustState Street Bank and Trust Company · Boston, MA · $6.62B1%
  • All other custodians$710.10B99%

Ownership and leadership

MLM Trust B LLC owns 25% to 50% of Millennium Management, and Israel Englander is its CEO.

Who owns the firm
Millennium Management LLC· the adviser

  • MLM Trust B LLC

    Control person · since April 2014

    Owns 25% to 50% of Millennium Management LLC

  • Millennium Group Management LLC

    Control person · since July 2017

    Owns 10% to 25% of Millennium Management LLC

  • Israel Englander

    Control person · since June 1989

    Owns 10% to 25% of Millennium Management LLC

  • Petershill Millennium B GP Aggregator LP

    since October 2025

    Owns 5% to 10% of Millennium Management LLC

  • Petershill Millennium GP Aggregator LP

    since October 2025

    Owns 5% to 10% of Millennium Management LLC

Leadership

  • Israel Englander
    Chief Executive Officer
  • Ajay Nagpal
    President and Chief Operating Officer
  • Daniel Widawsky
    Chief Administrative Officer and Chief Financial Officer
  • Philip Berlinski
    Co-Chief Operating Officer
  • Martin Schwartz
    Chief Compliance Officer
  • Dan Berkovitz
    Vice Chairman, External and Regulatory Affairs
  • Sungwook Chung
    Global Co-Head of Equities
  • Anthony Dewell
    Global Head of Commodities
  • Israel Englander
    Member
  • Daniel Friedman
    Global Head of Credit
  • Ross Garon
    Global Head of Quantitative Strategies
  • Justin Gmelich
    Co-CIO
  • Rosanna Konarzewski
    Chief Communications Officer
  • Richard Mazzella
    Global Head of Fixed Income
  • Mark Meskin
    Chief Strategic Development Officer
  • John Novogratz
    Chief Marketing Officer
  • Gil Raviv
    Global General Counsel
  • Scott Rofey
    Global Head of Fic and Cross Asset Risk
  • Paul Russo
    Co-CIO and Global Head of Equities Risk
  • Peter Santoro
    Global Co-Head of Equities
  • Vladimir Torgovnik
    Chief Information Officer

Staff

  • 6,670 employees
  • 3,055 in advisory functions

Reported holdings

Millennium Management’s reported 13F holdings total $276.29B across 5,796 positions, and the ten largest make up 18.4% of it.

$276.29B
Reported 13F value
5,796
Positions
18.4%
In the 10 largest
+15.0%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. iShares TR · Core S&P500 ETF3.9%
  2. iShares TR · Russell 2000 ETFPut3.6%
  3. Nvidia CorporationPut1.8%
  4. iShares TR · Russell 2000 ETFCall1.6%
  5. Invesco Qqq TR · Unit Ser 1Put1.4%
  6. State Str SPDR S&P 500 ETF T · TR Unit1.3%
  7. State Str SPDR S&P 500 ETF T · TR UnitCall1.3%
  8. Micron Technology Inc.Put1.2%
  9. State Str SPDR S&P 500 ETF T · TR UnitPut1.2%
  10. Invesco Qqq TR · Unit Ser 1Call1.1%

Together, the ten largest are 18.4% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 14 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $276.29B is not its $720.85B in regulatory assets and does not represent any individual client's portfolio.

Fees

Millennium Management is paid through a percentage of assets under management, performance-based fees and other.

Millennium Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Millennium Management has 81 offices, with 26 listed addresses across 11 states.

Listed office addresses by state

New York · 1 listed address

  • 399 Park Avenue, New YorkHQ

Registration details

Legal name
Millennium Management LLC
Headquarters
399 Park Avenue, New York, NY 10022
Phone
212-841-4100
Website
Not reported
SEC file
801-73884
Structure
Delaware LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Millennium Management have?

Millennium Management has 27 clients and manages $720.8 billion for them, as of August 2026.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 August 2026

What services does Millennium Management offer?

Millennium Management provides portfolio management for pooled vehicles and portfolio management for institutions.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Millennium Management use?

Millennium Management’s separately managed account assets are held at State Street Bank and Trust Company (Boston, MA), with $6,624,654,000 and Bank of New York Mellon (London), with $4,119,816,000. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 August 2026

How many financial advisors does Millennium Management have?

Millennium Management has 0 investment adviser representatives registered with state securities authorities, out of 6,670 employees, and 3,055 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Millennium Management invest in?

At the end of its last fiscal year, Millennium Management’s separately managed accounts held 100% exchange-traded equities. It advises 10 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Millennium Management?

Millennium Management is owned through a trust and a chain of holding companies by MLM Trust B, Petershill Millennium Investors Offshore B LP and Mount Everest S.A. Sicav-Raif. Its direct owners are Millennium Group Management LLC, MLM Trust B LLC, Israel Englander, Petershill Millennium B GP Aggregator LP and Petershill Millennium GP Aggregator LP, each holding 50% or less.

Source: Form ADV Part 1A, Schedules A and B, filed 25 August 2026

How does Millennium Management get paid?

Millennium Management is paid through a percentage of assets under management, performance-based fees and other arrangements. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 25 August 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 158117.
  3. Form 13F-HR, filed 14 August 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Millennium Management LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.