Squarepoint Ops LLC
Reported US equity positions for Q1 2026 — $46.5B across 2,617 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| IVV iShares Core S&P 500 ETF | $7.9B | 17.1% | 12,162,948 |
| MSFT Microsoft Corporation | $1.0B | 2.2% | 2,787,524 |
| NVDA NVIDIA Corporation | $736.6M | 1.6% | 4,223,704 |
| AMZN Amazon.com, Inc. | $684.3M | 1.5% | 3,285,633 |
| AAPL Apple Inc. | $679.6M | 1.5% | 2,677,743 |
| GOOGL Alphabet Inc. | $661.8M | 1.4% | 2,301,325 |
| TSLA Tesla, Inc. | $597.6M | 1.3% | 1,607,561 |
| GOOG Alphabet Inc. - Class C Capital Stock | $325.5M | 0.7% | 1,134,677 |
| AVGO Broadcom Inc. | $323.0M | 0.7% | 1,043,597 |
| GS The Goldman Sachs Group, Inc. | $292.5M | 0.6% | 345,715 |
| WMT Walmart Inc. | $282.7M | 0.6% | 2,274,385 |
| BRK.B Berkshire Hathaway Inc. | $280.8M | 0.6% | 586,036 |
| QCOM QUALCOMM Incorporated | $276.7M | 0.6% | 2,148,555 |
| V Visa Inc. | $267.0M | 0.6% | 883,338 |
| LLY Eli Lilly and Company | $266.9M | 0.6% | 290,181 |
| MU Micron Technology, Inc. | $264.4M | 0.6% | 782,673 |
| COST Costco Wholesale Corporation | $227.7M | 0.5% | 228,527 |
| NSC Norfolk Southern Corporation | $219.7M | 0.5% | 765,651 |
| ORLY O'Reilly Automotive, Inc. | $218.6M | 0.5% | 2,367,622 |
| BKNG Booking Holdings Inc. | $212.9M | 0.5% | 50,557 |
| TMUS T-Mobile US, Inc. | $208.7M | 0.4% | 993,469 |
| MS Morgan Stanley | $197.4M | 0.4% | 1,199,201 |
| META Meta Platforms, Inc. | $193.7M | 0.4% | 338,601 |
| MNST Monster Beverage Corporation | $190.1M | 0.4% | 2,623,262 |
| ADI Analog Devices, Inc. | $186.2M | 0.4% | 585,251 |
| L8681T102 Spotify Technology S A | $184.2M | 0.4% | 379,926 |
| LRCX Lam Research Corporation | $182.2M | 0.4% | 852,801 |
| KO The Coca-Cola Company | $180.3M | 0.4% | 2,370,838 |
| JNJ Johnson & Johnson | $178.2M | 0.4% | 728,993 |
| LNG Cheniere Energy, Inc. | $178.1M | 0.4% | 627,778 |
| SNDK Sandisk Corp | $177.0M | 0.4% | 278,562 |
| EQT EQT Corporation | $171.4M | 0.4% | 2,692,927 |
| ROKU Roku, Inc. | $168.2M | 0.4% | 1,777,966 |
| LMT Lockheed Martin Corporation | $165.6M | 0.4% | 274,063 |
| XOM ExxonMobil Holdings Corporation | $164.9M | 0.4% | 971,988 |
| SNOW Snowflake Inc. | $159.4M | 0.3% | 1,056,951 |
| SPY State Street SPDR S&P 500 ETF Trust | $158.3M | 0.3% | 243,417 |
| MCD McDonald's Corporation | $155.1M | 0.3% | 498,931 |
| AMD Advanced Micro Devices, Inc. | $154.5M | 0.3% | 759,261 |
| PFE Pfizer, Inc. | $152.6M | 0.3% | 5,433,651 |
| EA* Electronic Arts INC | $149.9M | 0.3% | 735,243 |
| TJX The TJX Companies, Inc. | $147.1M | 0.3% | 921,314 |
| CVX Chevron Corporation | $146.3M | 0.3% | 707,076 |
| G5960L103 Medtronic PLC | $145.9M | 0.3% | 1,683,504 |
| LITE Lumentum Holdings Inc. | $144.2M | 0.3% | 205,248 |
| ADSK Autodesk, Inc. | $143.5M | 0.3% | 599,331 |
| PLTR Palantir Technologies Inc. | $143.5M | 0.3% | 980,685 |
| SYF Synchrony Financial | $143.3M | 0.3% | 2,106,225 |
| NFLX Netflix, Inc. | $142.2M | 0.3% | 1,478,875 |
| ALNY Alnylam Pharmaceuticals, Inc. | $141.2M | 0.3% | 426,723 |
| KMB Kimberly-Clark Corporation | $135.6M | 0.3% | 1,405,515 |
| SMH VanEck Semiconductor ETF | $134.7M | 0.3% | 351,287 |
| GD General Dynamics Corporation | $134.1M | 0.3% | 390,793 |
| G54950103 Linde PLC | $131.8M | 0.3% | 265,913 |
| KHC The Kraft Heinz Company | $131.7M | 0.3% | 5,857,047 |
| GE GE Aerospace | $129.9M | 0.3% | 457,764 |
| KLAC KLA Corporation | $126.4M | 0.3% | 85,816 |
| C Citigroup, Inc. | $126.3M | 0.3% | 1,113,679 |
| REGN Regeneron Pharmaceuticals, Inc. | $125.8M | 0.3% | 162,814 |
| GLW Corning Incorporated | $125.4M | 0.3% | 922,398 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| IVV iShares Core S&P 500 ETF | Add | $7.9B | $7.2B | +16% |
| MSFT Microsoft Corporation | Add | $1.0B | $751.9M | +79% |
| NVDA NVIDIA Corporation | Trim | $736.6M | $802.5M | -2% |
| AMZN Amazon.com, Inc. | Trim | $684.3M | $949.1M | -20% |
| AAPL Apple Inc. | Add | $679.6M | $525.0M | +39% |
| GOOGL Alphabet Inc. | Add | $661.8M | $358.4M | +101% |
| TSLA Tesla, Inc. | Add | $597.6M | $448.2M | +61% |
| GOOG Alphabet Inc. - Class C Capital Stock | Add | $325.5M | $230.8M | +54% |
| AVGO Broadcom Inc. | Trim | $323.0M | $667.0M | -46% |
| GS The Goldman Sachs Group, Inc. | Add | $292.5M | $142.7M | +113% |
| WMT Walmart Inc. | Add | $282.7M | $187.6M | +35% |
| BRK.B Berkshire Hathaway Inc. | Add | $280.8M | $254.3M | +16% |
| QCOM QUALCOMM Incorporated | Add | $276.7M | $105.8M | +247% |
| V Visa Inc. | Trim | $267.0M | $327.6M | -5% |
| LLY Eli Lilly and Company | Add | $266.9M | $225.4M | +38% |
| MU Micron Technology, Inc. | Add | $264.4M | $157.0M | +42% |
| COST Costco Wholesale Corporation | Trim | $227.7M | $319.4M | -38% |
| NSC Norfolk Southern Corporation | Trim | $219.7M | $241.7M | -9% |
| BKNG Booking Holdings Inc. | Add | $212.9M | $192.7M | +41% |
| TMUS T-Mobile US, Inc. | Trim | $208.7M | $250.8M | -20% |
| MS Morgan Stanley | Add | $197.4M | $121.6M | +75% |
| META Meta Platforms, Inc. | Trim | $193.7M | $361.2M | -38% |
| L8681T102 Spotify Technology S A | Trim | $184.2M | $277.2M | -20% |
| LRCX Lam Research Corporation | Trim | $182.2M | $153.5M | -5% |
| SNDK Sandisk Corp | Trim | $177.0M | $113.7M | -42% |
| ROKU Roku, Inc. | Add | $168.2M | $142.9M | +35% |
| LMT Lockheed Martin Corporation | Add | $165.6M | $80.4M | +65% |
| XOM ExxonMobil Holdings Corporation | Trim | $164.9M | $254.2M | -54% |
| AMD Advanced Micro Devices, Inc. | Trim | $154.5M | $380.3M | -57% |
| PFE Pfizer, Inc. | Trim | $152.6M | $241.1M | -44% |
| EA* Electronic Arts INC | Trim | $149.9M | $172.5M | -13% |
| TJX The TJX Companies, Inc. | Trim | $147.1M | $181.9M | -22% |
| ADSK Autodesk, Inc. | Add | $143.5M | $124.9M | +42% |
| PLTR Palantir Technologies Inc. | Trim | $143.5M | $344.0M | -49% |
| SYF Synchrony Financial | Add | $143.3M | $93.1M | +89% |
| NFLX Netflix, Inc. | Trim | $142.2M | $358.7M | -61% |
| ALNY Alnylam Pharmaceuticals, Inc. | Add | $141.2M | $139.6M | +22% |
| GD General Dynamics Corporation | Add | $134.1M | $90.6M | +45% |
| G54950103 Linde PLC | Trim | $131.8M | $172.1M | -34% |
| KHC The Kraft Heinz Company | Add | $131.7M | $82.2M | +73% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.