SO
Squarepoint Ops LLC
分散型投资策略趋势追踪型高频交易型
申报总市值
US$851.2亿
申报季度: 2026-03-31 · 持股只数: 4190
Squarepoint Ops LLC在最新一期 13F 报告中披露了 4190 项持股，申报期为 2026-03-31，总持股市值约为 US$851.2亿，季度换手率为 55.2%。
机构性格雪花图
- 集中度
- 6.8
- 持仓稳定性
- 55.15
- 动能／逆势
- 79.33
- 行业集中度
- 46.48
- 多样化
- 100
- 仓位均衡度
- 32.24
近期动向
加仓 SPY
+78.1% US$19.8亿
加仓 IVV
+16.1% US$7.7亿
加仓 QQQ
+71.2% US$11.8亿
减仓 META
-72.2% -US$15.2亿
减仓 NVDA
-39.6% -US$11.3亿
加仓 MSFT
+65.1% US$4.5亿
持仓地图
新建仓加仓不变减仓
机构博弈推演
核心意图
Squarepoint本季的操作根本在替市場拆炸彈——把META、NVDA、AMD、AMZN這些飆股狠狠倒貨，同時狂掃SPY、QQQ、IVV等指數ETF，把賭注從幾檔明星股直接擴散到全市場。這不是單純的風險控管，而是擺明要「用指數蓋台」，一邊收割Beta行情，一邊避免在AI股高檔被主力倒貨。
基本面与宏观布局
他們賭的是聯準會資金水龍頭繼續鬆，經濟軟著陸帶動大盤全面走揚，但對AI軍備競賽的續航力已經打上問號。從砍NVDA、AMD、META，唯獨加碼MSFT來看，他們認為半導體需求高峰期已過，資金準備轉向軟體與雲端穩健獲利。這局棋的勝負手在於Fed能否撐住降息預期，以及AI資本支出會不會不如預期。
潜在盲点
最大的罩門是ETF籌碼已經擁擠到令人發毛——SPY、QQQ、IVV合計權重逼近兩成，一旦市場風向反轉，這些被動資金只會多殺多、互相踩踏。而且極度分散的策略等於把超額報酬全部消滅，完全裸奔Beta，萬一系統性風險來襲，這種「類指數化」的持倉根本沒任何防火牆。
以上内容由 AI 根据公开申报资料自动生成，仅为历史数据摘要，不构成投资建议。
前十大持股占比
本季完整持股清单
仅显示前 2758 大持股（共 4190 只）
| # | 代码 | 标的名称 | 资产子类别 | 占比 | 占比变动 | 持仓量变化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | ETF-大型股与成长 | 9.33% | +1.69% | +16.08% | |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股与成长 | 5.65% | +2.63% | +78.09% | |
| 3 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 3.65% | +1.59% | +71.23% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 2.53% | +0.72% | +65.13% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 1.75% | -0.28% | -14.81% | |
| 6 | NVDA | Nvidia CORP | 股票-科技 | 1.73% | -1.04% | -39.55% | |
| 7 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 1.56% | +0.49% | +30.42% | |
| 8 | TSLA | Tesla INC | 股票-周期性消费 | 1.54% | — | +24.43% | |
| 9 | AAPL | Apple INC | 股票-科技 | 1.45% | -0.18% | -13.85% | |
| 10 | AMZN | Amazon.com INC | 股票-周期性消费 | 1.27% | -0.38% | -22.96% | |
| 11 | MU | Micron Technology INC | 股票-科技 | 1.00% | +0.31% | +10.37% | |
| 12 | EEM | Ishares Msci Emerging Market | ETF-新兴市场 | 0.93% | -0.27% | -32.61% | |
| 13 | AVGO | Broadcom INC | 股票-科技 | 0.92% | -0.39% | -28.99% | |
| 14 | SMH | Vaneck Semiconductor ETF | ETF-其他 | 0.87% | — | -15.40% | |
| 15 | ORCL | Oracle CORP | 股票-科技 | 0.84% | — | +16.49% | |
| 16 | AMD | Advanced Micro Devices | 股票-科技 | 0.71% | -0.67% | -50.98% | |
| 17 | WMT | Walmart INC | 股票-非周期性消费 | 0.68% | +0.31% | +49.32% | |
| 18 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 0.62% | — | -21.31% | |
| 19 | BKNG | Booking Holdings INC | 股票-周期性消费 | 0.59% | +0.35% | +185.31% | |
| 20 | EFA | Ishares Msci Eafe ETF | ETF-其他 | 0.58% | -0.21% | -34.49% | |
| 21 | META | Meta Platforms Inc-class A | 股票-通信服务 | 0.57% | -1.56% | -72.18% | |
| 22 | GS | Goldman Sachs Group INC | 股票-金融 | 0.54% | — | +35.36% | |
| 23 | FXI | Ishares China Large-cap ETF | ETF-新兴市场 | 0.54% | — | +21.37% | |
| 24 | UNH | Unitedhealth Group INC | 股票-医疗保健 | 0.52% | -0.17% | -15.63% | |
| 25 | BA | Boeing Co/the | 股票-工业 | 0.51% | — | -10.24% | |
| 26 | XOM | Exxon Mobil CORP | 股票-能源 | 0.51% | — | +8.42% | |
| 27 | LLY | Eli Lilly & Co | 股票-医疗保健 | 0.51% | — | -4.10% | |
| 28 | NKE | Nike INC -cl B | 股票-周期性消费 | 0.48% | — | +16.80% | |
| 29 | SPOT | Spotify Technology S.A. | 股票-通信服务 | 0.47% | — | +49.61% | |
| 30 | XLE | Ss Energy Select Sector | ETF-其他 | 0.46% | +0.39% | +359.87% | |
| 31 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.46% | -0.23% | -37.17% | |
| 32 | JNJ | Johnson & Johnson | 股票-医疗保健 | 0.40% | — | +27.83% | |
| 33 | QCOM | Qualcomm INC | 股票-科技 | 0.40% | +0.22% | +160.81% | |
| 34 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.39% | -0.26% | -33.61% | |
| 35 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 0.39% | -0.12% | -25.40% | |
| 36 | DIA | Ss Spdr Dow Jones Indus Avg | ETF-大型股与成长 | 0.38% | +0.29% | +287.76% | |
| 37 | CAT | Caterpillar INC | 股票-工业 | 0.37% | — | -1.57% | |
| 38 | V | Visa Inc-class A Shares | 股票-金融 | 0.36% | — | -21.92% | |
| 39 | NFLX | Netflix INC | 股票-通信服务 | 0.35% | -0.26% | -48.36% | |
| 40 | TMUS | T-mobile US INC | 股票-通信服务 | 0.35% | — | -9.25% | |
| 41 | LMT | Lockheed Martin CORP | 股票-工业 | 0.35% | +0.21% | +81.61% | |
| 42 | NEM | Newmont CORP | 股票-原材料 | 0.35% | — | -18.60% | |
| 43 | HOOD | Robinhood Markets INC - A | 股票-金融 | 0.34% | -0.16% | +1.80% | |
| 44 | ASML | ASML Holding N.V. | 股票-科技 | 0.33% | — | -7.09% | |
| 45 | COIN | Coinbase Global INC -class A | 股票-金融 | 0.32% | — | +68.75% | |
| 46 | XBI | Ss Spdr S&p Biotech ETF | ETF-科技型 | 0.31% | +0.25% | +338.35% | |
| 47 | MS | Morgan Stanley | 股票-金融 | 0.31% | — | -22.14% | |
| 48 | C | Citigroup INC | 股票-金融 | 0.30% | -0.19% | -42.94% | |
| 49 | WDC | Western Digital CORP | 股票-科技 | 0.30% | — | -43.11% | |
| 50 | XLF | Ss Financial Select Sector | ETF-其他 | 0.29% | — | -8.97% |
1–50 of 2,758
申报总市值趋势
行业配置
历年行业分布趋势
季度历史总览
| 季度 | 持股只数 | 总市值 | 稳定性 | 主要持股 |
|---|---|---|---|---|
| 2026-03-31 | 4190 | US$851.2亿 | 55 | |
| 2025-12-31 | 4187 | US$939.8亿 | 49 | |
| 2025-09-30 | 4299 | US$995.4亿 | 57 | |
| 2025-06-30 | 4418 | US$961.8亿 | 0 | |
| 2025-03-31 | 4472 | US$823.9亿 | 0 | |
| 2024-12-31 | 4964 | US$1013.8亿 | 0 | |
| 2024-09-30 | 4043 | US$639.4亿 | 0 | |
| 2024-06-30 | 3978 | US$605.2亿 | 0 | |
| 2024-03-31 | 3944 | US$581.2亿 | 0 | |
| 2023-12-31 | 3939 | US$528.4亿 | 0 | |
| 2023-09-30 | 3724 | US$404.8亿 | 0 | |
| 2023-06-30 | 3504 | US$326.6亿 | 0 | |
| 2023-03-31 | 3164 | US$245.4亿 | 0 | |
| 2022-12-31 | 3131 | US$253.0亿 | 0 | |
| 2022-09-30 | 2934 | US$198.1亿 | 0 | |
| 2022-06-30 | 2807 | US$179.8亿 | 0 | |
| 2022-03-31 | 2738 | US$233.8亿 | 0 | |
| 2021-12-31 | 3109 | US$378.2亿 | 0 | |
| 2021-09-30 | 2839 | US$348.1亿 | 0 | |
| 2021-06-30 | 3157 | US$263.0亿 | 82 | |
| 2021-03-31 | 3039 | US$170.6亿 | 85 | |
| 2020-12-31 | 2855 | US$134.0亿 | 100 | |
| 2020-09-30 | 2434 | US$74.2亿 | 96 | |
| 2020-06-30 | 2178 | US$61.8亿 | 100 | |
| 2020-03-31 | 1789 | US$39.1亿 | 100 | |
| 2019-12-31 | 2439 | US$168.1亿 | 100 | |
| 2019-09-30 | 2287 | US$112.0亿 | 91 | |
| 2019-06-30 | 2325 | US$102.6亿 | 94 | |
| 2019-03-31 | 2099 | US$94.4亿 | 100 | |
| 2018-12-31 | 1891 | US$85.9亿 | 100 | |
| 2018-09-30 | 1943 | US$83.6亿 | 94 | |
| 2018-06-30 | 1713 | US$75.5亿 | 100 | |
| 2018-03-31 | 1633 | US$63.0亿 | 100 | |
| 2017-12-31 | 2043 | US$57.4亿 | 100 | |
| 2017-09-30 | 1581 | US$52.0亿 | 100 | |
| 2017-06-30 | 1495 | US$50.8亿 | 100 | |
| 2017-03-31 | 1477 | US$36.3亿 | 100 | |
| 2016-12-31 | 1731 | US$24.4亿 | 100 | |
| 2016-09-30 | 980 | US$15.1亿 | 100 | |
| 2016-06-30 | 1067 | US$16.0亿 | 100 | |
| 2016-03-31 | 1114 | US$12.9亿 | 100 | |
| 2015-12-31 | 1221 | US$9.1亿 | 100 | |
| 2015-09-30 | 388 | US$4.0亿 | 100 | |
| 2015-06-30 | 438 | US$3.1亿 | 100 | |
| 2015-03-31 | 411 | US$2.9亿 | 100 | |
| 2014-12-31 | 186 | US$1.0亿 | 0 |
本季持股变动
Squarepoint Ops LLC 在 2026-03-31 最显著的持仓异动： 加仓: Ss Spdr S&p 500 ETF Trust-us (SPY) — 股数 +78.09%; 加仓: Ishares Core S&p 500 ETF (IVV) — 股数 +16.08%; 加仓: Invesco Qqq Trust Series 1 (QQQ) — 股数 +71.23%; 减仓: Meta Platforms Inc-class A (META) — 股数 -72.18%; 减仓: Nvidia CORP (NVDA) — 股数 -39.55%.
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | +2.6% | +78.09% | 加仓 |
| 2 | IVV | Ishares Core S&p 500 ETF | +1.7% | +16.08% | 加仓 |
| 3 | QQQ | Invesco Qqq Trust Series 1 | +1.6% | +71.23% | 加仓 |
| 4 | MSFT | Microsoft CORP | +0.7% | +65.13% | 加仓 |
| 5 | IWM | Ishares Russell 2000 ETF | +0.5% | +30.42% | 加仓 |
| 6 | XLE | Ss Energy Select Sector | +0.4% | +359.87% | 加仓 |
| 7 | BKNG | Booking Holdings INC | +0.4% | +185.31% | 加仓 |
| 8 | WMT | Walmart INC | +0.3% | +49.32% | 加仓 |
| 9 | MU | Micron Technology INC | +0.3% | +10.37% | 加仓 |
| 10 | DIA | Ss Spdr Dow Jones Indus Avg | +0.3% | +287.76% | 加仓 |
| 11 | XBI | Ss Spdr S&p Biotech ETF | +0.3% | +338.35% | 加仓 |
| 12 | QCOM | Qualcomm INC | +0.2% | +160.81% | 加仓 |
| 13 | KMB | Kimberly-clark CORP | +0.2% | +551.65% | 加仓 |
| 14 | LITE | Lumentum Holdings INC | +0.2% | +121.87% | 加仓 |
| 15 | ADI | Analog Devices INC | +0.2% | +392.89% | 加仓 |
| 16 | IGV | Ishares Expanded Tech-softwa | +0.2% | +1937.44% | 加仓 |
| 17 | LMT | Lockheed Martin CORP | +0.2% | +81.61% | 加仓 |
| 18 | EQT | Eqt CORP | +0.2% | +547.63% | 加仓 |
| 19 | GOOG | Alphabet Inc-cl C | -0.1% | -25.40% | 减仓 |
| 20 | XLK | Ss Technology Select Sector | -0.2% | -39.06% | 减仓 |
| 21 | HOOD | Robinhood Markets INC - A | -0.2% | +1.80% | 加仓 |
| 22 | UNH | Unitedhealth Group INC | -0.2% | -15.63% | 减仓 |
| 23 | NOW | Servicenow INC | -0.2% | -16.01% | 减仓 |
| 24 | INTC | Intel CORP | -0.2% | -53.32% | 减仓 |
| 25 | BSX | Boston Scientific CORP | -0.2% | -35.52% | 减仓 |
| 26 | HD | Home Depot INC | -0.2% | -55.55% | 减仓 |
| 27 | AAPL | Apple INC | -0.2% | -13.85% | 减仓 |
| 28 | TSM | Taiwan Semiconductor-sp Adr | -0.2% | -53.36% | 减仓 |
| 29 | C | Citigroup INC | -0.2% | -42.94% | 减仓 |
| 30 | RBLX | Roblox CORP -class A | -0.2% | -44.63% | 减仓 |
| 31 | VRTX | Vertex Pharmaceuticals INC | -0.2% | -95.25% | 减仓 |
| 32 | NET | Cloudflare INC - Class A | -0.2% | -59.40% | 减仓 |
| 33 | KWEB | Kranesh Csi China Internet | -0.2% | -70.42% | 减仓 |
| 34 | EFA | Ishares Msci Eafe ETF | -0.2% | -34.49% | 减仓 |
| 35 | TPR | Tapestry INC | -0.2% | -96.61% | 减仓 |
| 36 | BRK-B | Berkshire Hathaway Inc-cl B | -0.2% | -37.17% | 减仓 |
| 37 | TTD | Trade Desk Inc/the -class A | -0.2% | -45.92% | 减仓 |
| 38 | PLTR | Palantir Technologies Inc-a | -0.3% | -33.61% | 减仓 |
| 39 | NFLX | Netflix INC | -0.3% | -48.36% | 减仓 |
| 40 | GEV | GE Vernova INC | -0.3% | -77.09% | 减仓 |
| 41 | EEM | Ishares Msci Emerging Market | -0.3% | -32.61% | 减仓 |
| 42 | UPS | United Parcel Service-cl B | -0.3% | -82.99% | 减仓 |
| 43 | GOOGL | Alphabet Inc-cl A | -0.3% | -14.81% | 减仓 |
| 44 | MP | Mp Materials CORP | -0.3% | -84.75% | 减仓 |
| 45 | LULU | Lululemon Athletica INC | -0.3% | -53.17% | 减仓 |
| 46 | AMZN | Amazon.com INC | -0.4% | -22.96% | 减仓 |
| 47 | AVGO | Broadcom INC | -0.4% | -28.99% | 减仓 |
| 48 | AMD | Advanced Micro Devices | -0.7% | -50.98% | 减仓 |
| 49 | NVDA | Nvidia CORP | -1% | -39.55% | 减仓 |
| 50 | META | Meta Platforms Inc-class A | -1.6% | -72.18% | 减仓 |
FAQ
Squarepoint Ops LLC 是什么机构？属于哪种投资人类型？
Squarepoint Ops LLC 是一家投资管理机构，每季依规定向 SEC 申报 Form 13F，披露其在美国上市股票的持仓信息。根据最新一期申报（2026-03-31），该机构追踪的股票投资组合估值约为 US$851.2亿，分布在 4190 个已申报仓位之中。
Squarepoint Ops LLC 目前前几大持股有哪些？
根据最新 13F 申报，Squarepoint Ops LLC 按市值排列的前几大持股为：
1. Ishares Core S&p 500 ETF (IVV) — US$79.4亿 (9.3%)
2. Ss Spdr S&p 500 ETF Trust-us (SPY) — US$48.1亿 (5.7%)
3. Invesco Qqq Trust Series 1 (QQQ) — US$31.1亿 (3.6%)
4. Microsoft CORP (MSFT) — US$21.5亿 (2.5%)
5. Alphabet Inc-cl A (GOOGL) — US$14.9亿 (1.8%)
Squarepoint Ops LLC 在最新一期 13F 申报中做了哪些操作？
在最新申报季度中，Squarepoint Ops LLC 共进行了 50 项显著调整：新建仓 0 个仓位、加仓 19 个既有持股、减仓 31 个仓位，并完全清仓 0 个持股。 其中幅度最大的异动：加仓: Ss Spdr S&p 500 ETF Trust-us (SPY) — 股数 +78.09%; 加仓: Ishares Core S&p 500 ETF (IVV) — 股数 +16.08%; 加仓: Invesco Qqq Trust Series 1 (QQQ) — 股数 +71.23%; 减仓: Meta Platforms Inc-class A (META) — 股数 -72.18%; 减仓: Nvidia CORP (NVDA) — 股数 -39.55%
Squarepoint Ops LLC 主要集中投资哪些行业板块？
根据目前已申报的股票投资组合，Squarepoint Ops LLC 的主要板块分布如下：
• 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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