Millennium Management LLC filed 51 Form 4 transactions in the period covered, with a clear sell-side bias in dollar terms despite a higher number of distinct open-market purchase events. The fund reported roughly $1.34 million in total buys against approximately $704,000 in total sells, but the recent activity tells a more nuanced story: 17 open-market sales (code S) versus just 8 purchases (code P) in the latest window. All of the recent trades, spanning March 31 through April 7, 2026, were concentrated in a single issuer, SNSE, where the fund engaged in a dense flurry of both buying and selling.
The SNSE activity shows a pattern of rapid, mixed transactions rather than a one-directional bet. On April 2 alone, Millennium executed five separate sales totaling roughly $246,000—including a $95,647 disposal—while simultaneously making three purchases worth about $70,133. That same day also featured a small $870 buy, suggesting active portfolio rebalancing or position management rather than a clean accumulation or distribution. The largest single buy came on April 1 at $120,584, offset by two smaller purchases of $55,788 and $36,607, while sales that day were comparatively modest at about $36,396 combined.
The most recent session, April 7, shows a similar split: four sales totaling roughly $252,764 against one purchase of $36,985. Across the full recent window, the dollar-weighted flow is actually net positive for SNSE—buys of roughly $350,000 versus sells of about $425,000—but the sheer frequency of sales, including many small sub-$2,000 disposals, points to a tactical, high-turnover approach. The absence of any grants, option exercises, or tax-withholding codes in the recent data means every transaction was a discretionary open-market trade, offering a clean read on the fund’s active management of its SNSE position.
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