Squarepoint Ops LLC
"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.
13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.
We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 45 quarters, returned +2.2% per quarter — versus +1.9% per quarter from simply owning every 13F stock. It beat that baseline in only 51.1% of quarters (excess t = 1.85, not statistically significant). Its filings tell you what it bought — not what you should buy.
Quarterly compounding, invested quarters only · entry after the actual SEC deadline plus a 2-day buffer
Top 20 holdings of 2729 · 2026 Q2
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| IVV | $6.0B | | TRIM −34% |
| SPY | $935M | | ADD ×5.1 |
| AMZN | $918M | | ADD +17% |
| NVDA | $853M | | HOLD |
| AAPL | $840M | | ADD +9% |
| AMAT | $750M | | ADD ×3.2 |
| MSFT | $722M | | TRIM −31% |
| AMD | $594M | | ADD +35% |
| XLC | $520M | | NEW |
| MU | $502M | | TRIM −44% |
| TSLA | $502M | | TRIM −26% |
| SNDK | $482M | | TRIM −24% |
| WMT | $452M | | ADD +75% |
| AVGO | $386M | | TRIM −2% |
| ADI | $376M | | ADD +62% |
| XONA.DE | $361M | | ADD ×2.7 |
| CVX | $342M | | ADD ×2.9 |
| KLAC | $320M | | ADD +24% |
| JNJ | $317M | | ADD +71% |
| META | $309M | | ADD +62% |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q2
Method & Limitations
Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry is the first trading session after the actual SEC filing deadline plus a 2-day buffer. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.