Millburn Ridgefield LLC /DE/
$5.3B in tracked AUM across 39 positions as of Q2 2026.
The closest thing to a sale in Millburn Ridgefield's book this quarter was a 5.2% trim of its Turkey ETF position — and even that holding's dollar value rose, because Turkish equities rallied faster than the shares were sold. That's the entire sell side: only 3 of 39 positions were trimmed at all, and every one of them still shows a higher reported value than three months ago. There's no stock-picking story to tell here, because there isn't a single individual equity in the $4.6 billion portfolio — every position is a broad-market, factor, or single-country exchange-traded fund (Russell 1000, S&P MidCap 400, Russell 2000, a minimum-volatility fund, emerging markets, the S&P 500 itself, and a long tail of country funds spanning Taiwan to Turkey). Assets grew 10.7% quarter over quarter, and 35 of 39 positions were scaled up roughly in step with that growth — a systematic beta overlay getting bigger, not a manager building new conviction. The one exception: the India ETF grew 30.4% in shares, roughly triple the pace of the rest of the book, the closest thing to an active decision in an otherwise mechanically-scaled portfolio.
Quarter at a glance — Q2 2026
Position-change comparison pending.
Top 10 holdings
By portfolio weight as of Q2 2026.