SO

Squarepoint Ops LLC

Diversified strategyMomentum followerHigh-turnover trader

Total reported value

$85.1B

Reporting period: 2026-03-31 · Number of holdings: 4190

Squarepoint Ops LLC disclosed 4190 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $85.1B and a quarterly turnover rate of 55.2%.

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Personality snowflake

Concentration
6.8
Portfolio Stability
55.15
Momentum/Contrarian
79.33
Sector conviction
46.48
Diversification
100
Sizing Uniformity
32.24

Recent moves

  • Add SPY

    +78.1%　$2.0B

  • Add IVV

    +16.1%　$768.1M

  • Add QQQ

    +71.2%　$1.2B

  • Trim META

    -72.2%　-$1.5B

  • Trim NVDA

    -39.6%　-$1.1B

  • Add MSFT

    +65.1%　$449.4M

Holdings Map

New buyAddUnchangedTrim

Institutional Game-State Analysis

Core Intent

Squarepoint Ops LLC is rotating capital out of individual high-flyer names like META, NVDA, AMD, and AMZN into broad market ETFs SPY, IVV, and QQQ. This is not defensive hedging but a deliberate shift from active conviction sizing to scalable beta harvesting, signaling a bet that index-level exposure currently offers superior risk-adjusted returns over stock-specific alpha generation.

Macro & Fundamentals

The flows price in a regime where dispersion among tech megacaps will compress as their relative pricing power converges to the market factor. By trimming momentum leaders and loading up on passive S&P 500 and Nasdaq exposure, Squarepoint is fading the story that these names retain asymmetric upside—instead anticipating correlation-driven returns. The opposing thesis holds that AI and innovation cycles still fuel stock-specific outperformance, making this rotation premature and sacrificing real alpha for nominal beta.

Blind Spots / Risks

The structural vulnerability is a factor crowding mismatch: a momentum tilt score of 79.33 paired with a growing passive weight in SPY and IVV creates a scenario where a momentum reversal is amplified by ETF liquidation rather than hedged. Further, the 2,758 positions and coefficient of variation of 6.78 signal a lack of conviction sizing, leaving the portfolio exposed to correlation shocks that force indiscriminate selling across hundreds of tiny positions.

The above is AI-generated from public regulatory filings and summarizes historical data only. It is not investment advice.

Top 10 holdings by weight

Full holdings list this quarter

Showing top 2758 holdings (of 4190 total)

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1IVVIshares Core S&p 500 ETFETF-Large Cap & Growth9.33%+1.69%+16.08%
2SPYSs Spdr S&p 500 ETF Trust-usETF-Large Cap & Growth5.65%+2.63%+78.09%
3QQQInvesco Qqq Trust Series 1ETF-Tech3.65%+1.59%+71.23%
4MSFTMicrosoft CORPStock-Tech2.53%+0.72%+65.13%
5GOOGLAlphabet Inc-cl AStock-Comm Services1.75%-0.28%-14.81%
6NVDANvidia CORPStock-Tech1.73%-1.04%-39.55%
7IWMIshares Russell 2000 ETFETF-Small Cap1.56%+0.49%+30.42%
8TSLATesla INCStock-Consumer Disc1.54%—+24.43%
9AAPLApple INCStock-Tech1.45%-0.18%-13.85%
10AMZNAmazon.com INCStock-Consumer Disc1.27%-0.38%-22.96%
11MUMicron Technology INCStock-Tech1.00%+0.31%+10.37%
12EEMIshares Msci Emerging MarketETF-Emerging Markets0.93%-0.27%-32.61%
13AVGOBroadcom INCStock-Tech0.92%-0.39%-28.99%
14SMHVaneck Semiconductor ETFETF-Other0.87%—-15.40%
15ORCLOracle CORPStock-Tech0.84%—+16.49%
16AMDAdvanced Micro DevicesStock-Tech0.71%-0.67%-50.98%
17WMTWalmart INCStock-Consumer Staples0.68%+0.31%+49.32%
18COSTCostco Wholesale CORPStock-Consumer Staples0.62%—-21.31%
19BKNGBooking Holdings INCStock-Consumer Disc0.59%+0.35%+185.31%
20EFAIshares Msci Eafe ETFETF-Other0.58%-0.21%-34.49%
21METAMeta Platforms Inc-class AStock-Comm Services0.57%-1.56%-72.18%
22GSGoldman Sachs Group INCStock-Financials0.54%—+35.36%
23FXIIshares China Large-cap ETFETF-Emerging Markets0.54%—+21.37%
24UNHUnitedhealth Group INCStock-Healthcare0.52%-0.17%-15.63%
25BABoeing Co/theStock-Industrials0.51%—-10.24%
26XOMExxon Mobil CORPStock-Energy0.51%—+8.42%
27LLYEli Lilly & CoStock-Healthcare0.51%—-4.10%
28NKENike INC -cl BStock-Consumer Disc0.48%—+16.80%
29SPOTSpotify Technology S.A.Stock-Comm Services0.47%—+49.61%
30XLESs Energy Select SectorETF-Other0.46%+0.39%+359.87%
31BRK-BBerkshire Hathaway Inc-cl BStock-Other0.46%-0.23%-37.17%
32JNJJohnson & JohnsonStock-Healthcare0.40%—+27.83%
33QCOMQualcomm INCStock-Tech0.40%+0.22%+160.81%
34PLTRPalantir Technologies Inc-aStock-Tech0.39%-0.26%-33.61%
35GOOGAlphabet Inc-cl CStock-Comm Services0.39%-0.12%-25.40%
36DIASs Spdr Dow Jones Indus AvgETF-Large Cap & Growth0.38%+0.29%+287.76%
37CATCaterpillar INCStock-Industrials0.37%—-1.57%
38VVisa Inc-class A SharesStock-Financials0.36%—-21.92%
39NFLXNetflix INCStock-Comm Services0.35%-0.26%-48.36%
40TMUST-mobile US INCStock-Comm Services0.35%—-9.25%
41LMTLockheed Martin CORPStock-Industrials0.35%+0.21%+81.61%
42NEMNewmont CORPStock-Materials0.35%—-18.60%
43HOODRobinhood Markets INC - AStock-Financials0.34%-0.16%+1.80%
44ASMLASML Holding N.V.Stock-Tech0.33%—-7.09%
45COINCoinbase Global INC -class AStock-Financials0.32%—+68.75%
46XBISs Spdr S&p Biotech ETFETF-Tech0.31%+0.25%+338.35%
47MSMorgan StanleyStock-Financials0.31%—-22.14%
48CCitigroup INCStock-Financials0.30%-0.19%-42.94%
49WDCWestern Digital CORPStock-Tech0.30%—-43.11%
50XLFSs Financial Select SectorETF-Other0.29%—-8.97%
1–50 of 2,758

Holding changes this quarter

Squarepoint Ops LLC's most significant position changes for 2026-03-31: Add: Ss Spdr S&p 500 ETF Trust-us (SPY) — shares +78.09%; Add: Ishares Core S&p 500 ETF (IVV) — shares +16.08%; Add: Invesco Qqq Trust Series 1 (QQQ) — shares +71.23%; Trim: Meta Platforms Inc-class A (META) — shares -72.18%; Trim: Nvidia CORP (NVDA) — shares -39.55%.

Position changes disclosed by Squarepoint Ops LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1SPYSs Spdr S&p 500 ETF Trust-us+2.6%+78.09%Add
2IVVIshares Core S&p 500 ETF+1.7%+16.08%Add
3QQQInvesco Qqq Trust Series 1+1.6%+71.23%Add
4MSFTMicrosoft CORP+0.7%+65.13%Add
5IWMIshares Russell 2000 ETF+0.5%+30.42%Add
6XLESs Energy Select Sector+0.4%+359.87%Add
7BKNGBooking Holdings INC+0.4%+185.31%Add
8WMTWalmart INC+0.3%+49.32%Add
9MUMicron Technology INC+0.3%+10.37%Add
10DIASs Spdr Dow Jones Indus Avg+0.3%+287.76%Add
11XBISs Spdr S&p Biotech ETF+0.3%+338.35%Add
12QCOMQualcomm INC+0.2%+160.81%Add
13KMBKimberly-clark CORP+0.2%+551.65%Add
14LITELumentum Holdings INC+0.2%+121.87%Add
15ADIAnalog Devices INC+0.2%+392.89%Add
16IGVIshares Expanded Tech-softwa+0.2%+1937.44%Add
17LMTLockheed Martin CORP+0.2%+81.61%Add
18EQTEqt CORP+0.2%+547.63%Add
19GOOGAlphabet Inc-cl C-0.1%-25.40%Trim
20XLKSs Technology Select Sector-0.2%-39.06%Trim
21HOODRobinhood Markets INC - A-0.2%+1.80%Add
22UNHUnitedhealth Group INC-0.2%-15.63%Trim
23NOWServicenow INC-0.2%-16.01%Trim
24INTCIntel CORP-0.2%-53.32%Trim
25BSXBoston Scientific CORP-0.2%-35.52%Trim
26HDHome Depot INC-0.2%-55.55%Trim
27AAPLApple INC-0.2%-13.85%Trim
28TSMTaiwan Semiconductor-sp Adr-0.2%-53.36%Trim
29CCitigroup INC-0.2%-42.94%Trim
30RBLXRoblox CORP -class A-0.2%-44.63%Trim
31VRTXVertex Pharmaceuticals INC-0.2%-95.25%Trim
32NETCloudflare INC - Class A-0.2%-59.40%Trim
33KWEBKranesh Csi China Internet-0.2%-70.42%Trim
34EFAIshares Msci Eafe ETF-0.2%-34.49%Trim
35TPRTapestry INC-0.2%-96.61%Trim
36BRK-BBerkshire Hathaway Inc-cl B-0.2%-37.17%Trim
37TTDTrade Desk Inc/the -class A-0.2%-45.92%Trim
38PLTRPalantir Technologies Inc-a-0.3%-33.61%Trim
39NFLXNetflix INC-0.3%-48.36%Trim
40GEVGE Vernova INC-0.3%-77.09%Trim
41EEMIshares Msci Emerging Market-0.3%-32.61%Trim
42UPSUnited Parcel Service-cl B-0.3%-82.99%Trim
43GOOGLAlphabet Inc-cl A-0.3%-14.81%Trim
44MPMp Materials CORP-0.3%-84.75%Trim
45LULULululemon Athletica INC-0.3%-53.17%Trim
46AMZNAmazon.com INC-0.4%-22.96%Trim
47AVGOBroadcom INC-0.4%-28.99%Trim
48AMDAdvanced Micro Devices-0.7%-50.98%Trim
49NVDANvidia CORP-1%-39.55%Trim
50METAMeta Platforms Inc-class A-1.6%-72.18%Trim

FAQ

What is Squarepoint Ops LLC and what type of investor is it?
Squarepoint Ops LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $85.1B, spread across 4190 disclosed positions.
What are Squarepoint Ops LLC's largest equity positions?
Based on the latest 13F filing, Squarepoint Ops LLC's top holdings by market value are: 1. Ishares Core S&p 500 ETF (IVV) — $7.9B (9.3%) 2. Ss Spdr S&p 500 ETF Trust-us (SPY) — $4.8B (5.7%) 3. Invesco Qqq Trust Series 1 (QQQ) — $3.1B (3.6%) 4. Microsoft CORP (MSFT) — $2.2B (2.5%) 5. Alphabet Inc-cl A (GOOGL) — $1.5B (1.8%)
What changes did Squarepoint Ops LLC make in its most recent portfolio filing?
In the latest reported quarter, Squarepoint Ops LLC made 50 notable position adjustments: 0 new positions were initiated, 19 existing holdings were added to, 31 positions were partially reduced, and 0 were completely exited. The largest of these moves: Add: Ss Spdr S&p 500 ETF Trust-us (SPY) — shares +78.09%; Add: Ishares Core S&p 500 ETF (IVV) — shares +16.08%; Add: Invesco Qqq Trust Series 1 (QQQ) — shares +71.23%; Trim: Meta Platforms Inc-class A (META) — shares -72.18%; Trim: Nvidia CORP (NVDA) — shares -39.55%
What sectors does Squarepoint Ops LLC focus on?
Squarepoint Ops LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 30.1% • Consumer Discretionary: 14.6% • Industrials: 10.9% • Financials: 10.4% • Health Care: 8.1% • Communication Services: 7.9%

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