Millennium Management Loses 2.1% in July as AI Stock Selloff Cuts 2026 Gain to 8.2%
Updated
Updated · Bloomberg · Aug 3
Millennium Management Loses 2.1% in July as AI Stock Selloff Cuts 2026 Gain to 8.2%
2 articles · Updated · Bloomberg · Aug 3
Summary
$92 billion Millennium Management lost 2.1% in July, with the drop driven by an AI-stock selloff that hit its equity portfolios.
That decline reduced Millennium's gain for 2026 to 8.2%, according to people familiar with the private performance figures.
$7.2 billion Quantedge moved the other way, gaining 7.8% in July and lifting its year-to-date return to 34.6%, underscoring how the AI trade whipsawed hedge funds.