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← AQR Capital Management LLC, its record

AQR Capital Management LLC and Invesco Ltd: where the books meet

At Q2 2026, at least 36% of the two 13F books was the same, across 276 stocks both listed, against 30% at Q2 2013. Overlap is the smaller of each shared stock’s two weights, added up: the part of one book that could be swapped for the other’s without a trade.

Overlap by quarter
0%23%45%Q2 2013: 30%, 208 in bothQ3 2013: 30%, 211 in bothQ4 2013: 30%, 218 in bothQ1 2014: 32%, 227 in both14Q2 2014: 32%, 233 in bothQ3 2014: 33%, 229 in bothQ4 2014: 33%, 238 in bothQ1 2015: 36%, 266 in both15Q2 2015: 37%, 264 in bothQ3 2015: 36%, 264 in bothQ4 2015: 35%, 263 in bothQ1 2016: 36%, 255 in both16Q2 2016: 33%, 251 in bothQ3 2016: 33%, 241 in bothQ4 2016: 32%, 237 in bothQ1 2017: 32%, 234 in both17Q2 2017: 31%, 243 in bothQ3 2017: 37%, 256 in bothQ4 2017: 38%, 257 in bothQ1 2018: 38%, 259 in both18Q2 2018: 39%, 272 in bothQ3 2018: 39%, 277 in bothQ4 2018: 40%, 280 in bothQ1 2019: 39%, 276 in both19Q2 2019: 40%, 267 in bothQ3 2019: 40%, 266 in bothQ4 2019: 38%, 265 in bothQ1 2020: 42%, 268 in both20Q2 2020: 42%, 263 in bothQ3 2020: 41%, 264 in bothQ4 2020: 40%, 266 in bothQ1 2021: 39%, 271 in both21Q2 2021: 40%, 261 in bothQ3 2021: 40%, 264 in bothQ4 2021: 43%, 280 in bothQ1 2022: 43%, 279 in both22Q2 2022: 43%, 272 in bothQ3 2022: 44%, 280 in bothQ4 2022: 44%, 287 in bothQ1 2023: 44%, 285 in both23Q2 2023: 44%, 288 in bothQ3 2023: 44%, 286 in bothQ4 2023: 44%, 279 in bothQ1 2024: 45%, 286 in both24Q2 2024: 45%, 278 in bothQ3 2024: 44%, 274 in bothQ4 2024: 45%, 295 in bothQ1 2025: 43%, 288 in both25Q2 2025: 41%, 286 in bothQ3 2025: 41%, 277 in bothQ4 2025: 35%, 281 in bothQ1 2026: 35%, 283 in both26Q2 2026: 36%, 276 in both
  • Q2 2013: 30%, 208 in both
  • Q3 2013: 30%, 211 in both
  • Q4 2013: 30%, 218 in both
  • Q1 2014: 32%, 227 in both
  • Q2 2014: 32%, 233 in both
  • Q3 2014: 33%, 229 in both
  • Q4 2014: 33%, 238 in both
  • Q1 2015: 36%, 266 in both
  • Q2 2015: 37%, 264 in both
  • Q3 2015: 36%, 264 in both
  • Q4 2015: 35%, 263 in both
  • Q1 2016: 36%, 255 in both
  • Q2 2016: 33%, 251 in both
  • Q3 2016: 33%, 241 in both
  • Q4 2016: 32%, 237 in both
  • Q1 2017: 32%, 234 in both
  • Q2 2017: 31%, 243 in both
  • Q3 2017: 37%, 256 in both
  • Q4 2017: 38%, 257 in both
  • Q1 2018: 38%, 259 in both
  • Q2 2018: 39%, 272 in both
  • Q3 2018: 39%, 277 in both
  • Q4 2018: 40%, 280 in both
  • Q1 2019: 39%, 276 in both
  • Q2 2019: 40%, 267 in both
  • Q3 2019: 40%, 266 in both
  • Q4 2019: 38%, 265 in both
  • Q1 2020: 42%, 268 in both
  • Q2 2020: 42%, 263 in both
  • Q3 2020: 41%, 264 in both
  • Q4 2020: 40%, 266 in both
  • Q1 2021: 39%, 271 in both
  • Q2 2021: 40%, 261 in both
  • Q3 2021: 40%, 264 in both
  • Q4 2021: 43%, 280 in both
  • Q1 2022: 43%, 279 in both
  • Q2 2022: 43%, 272 in both
  • Q3 2022: 44%, 280 in both
  • Q4 2022: 44%, 287 in both
  • Q1 2023: 44%, 285 in both
  • Q2 2023: 44%, 288 in both
  • Q3 2023: 44%, 286 in both
  • Q4 2023: 44%, 279 in both
  • Q1 2024: 45%, 286 in both
  • Q2 2024: 45%, 278 in both
  • Q3 2024: 44%, 274 in both
  • Q4 2024: 45%, 295 in both
  • Q1 2025: 43%, 288 in both
  • Q2 2025: 41%, 286 in both
  • Q3 2025: 41%, 277 in both
  • Q4 2025: 35%, 281 in both
  • Q1 2026: 35%, 283 in both
  • Q2 2026: 36%, 276 in both

Only quarters both managers filed. Where either filing has more positions than are read each quarter, a stock both hold below that range is not counted, so the figure is a floor.

What the overlap is made of, Q2 2026

Stocks both listed, by the smaller of the two weights. A weight is the stock’s share of that manager’s reported book, which says how large the position is, not how strongly it is held.

StockAQR Capital Management LLCInvesco Ltd
Nvidia Corp(NVDA)2.6%Added5.2%Added
Apple Inc(AAPL)1.7%Added4.3%Added
Micron Technology Inc(MU)1.5%Trimmed3.3%Added
Microsoft Corp(MSFT)1.5%Added3.0%Added
Amazon Com Inc(AMZN)1.0%Added2.7%Added
Broadcom Inc(AVGO)0.9%Added2.1%Trimmed
Alphabet Inc(GOOG)0.8%Added1.8%Added
Alphabet Inc(GOOGL)0.7%Added2.6%Added
Western Digital Corp(WDC)0.7%Trimmed0.7%Added
Lam Research Corp(LRCX)0.5%Added1.8%Added
Intel Corp(INTC)0.5%Trimmed1.7%Added
Tesla MTRS Inc(TSLA)0.4%Added1.8%Added
Facebook Inc(META)0.4%Added1.7%Added
Seagate Technology Hldngs PL(STX)0.4%Added0.6%Added
Costco WHSL Corp New(COST)0.4%Added1.0%Added
Lilly Eli & Co(LLY)0.4%Added0.4%Added
SanDisk Corp(SNDK)0.3%Trimmed1.0%Added
Advanced Micro Devices Inc(AMD)0.3%Added2.4%Added
Jpmorgan Chase & Co(JPM)0.3%Added0.3%Added
Booking HLDGS Inc(BKNG)0.3%Added0.4%Added

and 256 smaller ones

Moved different ways in Q2 2026

Stocks one manager started or added to while the other trimmed or sold out, between the same two quarter ends. A 13F shows the quarter ends, never when in between anything was bought or sold, or why.

  • Micron Technology Inc(MU)AQR Capital Management LLC trimmed; Invesco Ltd added
  • Broadcom Inc(AVGO)AQR Capital Management LLC added; Invesco Ltd trimmed
  • Intel Corp(INTC)AQR Capital Management LLC trimmed; Invesco Ltd added
  • Wal-mart Stores Inc(WMT)AQR Capital Management LLC trimmed; Invesco Ltd added
  • SanDisk Corp(SNDK)AQR Capital Management LLC trimmed; Invesco Ltd added
  • Netflix Inc(NFLX)AQR Capital Management LLC trimmed; Invesco Ltd added
  • Western Digital Corp(WDC)AQR Capital Management LLC trimmed; Invesco Ltd added
  • Palo Alto Networks Inc(PANW)AQR Capital Management LLC trimmed; Invesco Ltd added
  • Palantir Technologies Inc(PLTR)AQR Capital Management LLC trimmed; Invesco Ltd added
  • Linde PLC(LIN)AQR Capital Management LLC trimmed; Invesco Ltd added
  • Qualcomm Inc(QCOM)AQR Capital Management LLC trimmed; Invesco Ltd added
  • Crowdstrike HLDGS Inc(CRWD)AQR Capital Management LLC trimmed; Invesco Ltd added
AQR Capital Management LLC: the recordInvesco Ltd: the record

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