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← Citadel Advisors LLC, its record

Citadel Advisors LLC and Invesco Ltd: where the books meet

At Q2 2026, at least 6.9% of the two 13F books was the same, across 123 stocks both listed, against 17% at Q4 2015. 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%9%17%Q4 2015: 17%, 166 in bothQ1 2016: 15%, 157 in both16Q2 2016: 14%, 145 in bothQ3 2016: 12%, 126 in bothQ4 2016: 12%, 123 in bothQ1 2017: 14%, 144 in both17Q2 2017: 14%, 141 in bothQ3 2017: 15%, 154 in bothQ4 2017: 17%, 161 in bothQ1 2018: 13%, 148 in both18Q2 2018: 14%, 157 in bothQ3 2018: 14%, 154 in bothQ4 2018: 13%, 146 in bothQ1 2019: 12%, 149 in both19Q2 2019: 12%, 135 in bothQ3 2019: 12%, 153 in bothQ4 2019: 12%, 145 in bothQ1 2020: 9.4%, 135 in both20Q2 2020: 7.6%, 108 in bothQ3 2020: 6.3%, 108 in bothQ4 2020: 6.7%, 110 in bothQ1 2021: 6.2%, 104 in both21Q2 2021: 4.7%, 81 in bothQ3 2021: 4.5%, 73 in bothQ4 2021: 4.7%, 84 in bothQ1 2022: 4.0%, 81 in both22Q2 2022: 4.5%, 84 in bothQ3 2022: 5.2%, 92 in bothQ4 2022: 6.6%, 111 in bothQ1 2023: 6.7%, 110 in both23Q2 2023: 6.4%, 112 in bothQ3 2023: 6.8%, 107 in bothQ4 2023: 6.8%, 103 in bothQ1 2024: 6.7%, 104 in both24Q2 2024: 6.8%, 104 in bothQ3 2024: 5.8%, 102 in bothQ4 2024: 6.5%, 118 in bothQ1 2025: 6.5%, 108 in both25Q2 2025: 7.4%, 119 in bothQ3 2025: 6.6%, 110 in bothQ4 2025: 8.5%, 125 in bothQ1 2026: 8.1%, 123 in both26Q2 2026: 6.9%, 123 in both
  • Q4 2015: 17%, 166 in both
  • Q1 2016: 15%, 157 in both
  • Q2 2016: 14%, 145 in both
  • Q3 2016: 12%, 126 in both
  • Q4 2016: 12%, 123 in both
  • Q1 2017: 14%, 144 in both
  • Q2 2017: 14%, 141 in both
  • Q3 2017: 15%, 154 in both
  • Q4 2017: 17%, 161 in both
  • Q1 2018: 13%, 148 in both
  • Q2 2018: 14%, 157 in both
  • Q3 2018: 14%, 154 in both
  • Q4 2018: 13%, 146 in both
  • Q1 2019: 12%, 149 in both
  • Q2 2019: 12%, 135 in both
  • Q3 2019: 12%, 153 in both
  • Q4 2019: 12%, 145 in both
  • Q1 2020: 9.4%, 135 in both
  • Q2 2020: 7.6%, 108 in both
  • Q3 2020: 6.3%, 108 in both
  • Q4 2020: 6.7%, 110 in both
  • Q1 2021: 6.2%, 104 in both
  • Q2 2021: 4.7%, 81 in both
  • Q3 2021: 4.5%, 73 in both
  • Q4 2021: 4.7%, 84 in both
  • Q1 2022: 4.0%, 81 in both
  • Q2 2022: 4.5%, 84 in both
  • Q3 2022: 5.2%, 92 in both
  • Q4 2022: 6.6%, 111 in both
  • Q1 2023: 6.7%, 110 in both
  • Q2 2023: 6.4%, 112 in both
  • Q3 2023: 6.8%, 107 in both
  • Q4 2023: 6.8%, 103 in both
  • Q1 2024: 6.7%, 104 in both
  • Q2 2024: 6.8%, 104 in both
  • Q3 2024: 5.8%, 102 in both
  • Q4 2024: 6.5%, 118 in both
  • Q1 2025: 6.5%, 108 in both
  • Q2 2025: 7.4%, 119 in both
  • Q3 2025: 6.6%, 110 in both
  • Q4 2025: 8.5%, 125 in both
  • Q1 2026: 8.1%, 123 in both
  • Q2 2026: 6.9%, 123 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.

StockCitadel Advisors LLCInvesco Ltd
Amazon Com Inc(AMZN)0.3%Added2.7%Added
Nvidia Corp(NVDA)0.3%Trimmed5.2%Added
Apple Inc(AAPL)0.2%Added4.3%Added
Microsoft Corp(MSFT)0.2%Added3.0%Added
Electronic Arts Inc(EA)0.1%Added0.1%Added
934423104(WBD)0.1%Added0.2%Added
Lilly Eli & Co(LLY)0.1%Added0.4%Added
Broadcom Inc(AVGO)0.1%Trimmed2.1%Trimmed
Alphabet Inc(GOOGL)0.1%Added2.6%Added
Advanced Micro Devices Inc(AMD)0.1%Added2.4%Added
Alphabet Inc(GOOG)0.1%Added1.8%Added
Abbvie Inc(ABBV)under 0.1%Added0.1%Trimmed
Applied Matls Inc(AMAT)under 0.1%Trimmed1.6%Added
Kla-tencor Corporation(KLAC)under 0.1%Added1.1%Added
443201108(HWM)under 0.1%Added0.1%Trimmed
Mastercard Inc(MA)under 0.1%Added0.2%Added
G7997r103(STX)under 0.1%Added0.6%Added
JPMorgan Chase & Co(JPM)under 0.1%Trimmed0.3%Added
Micron Technology Inc(MU)under 0.1%Trimmed3.3%Added
O Reilly Automotive Inc New(ORLY)under 0.1%Added0.2%Added

and 103 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.

  • Nvidia Corp(NVDA)Citadel Advisors LLC trimmed; Invesco Ltd added
  • Micron Technology Inc(MU)Citadel Advisors LLC trimmed; Invesco Ltd added
  • Tesla MTRS Inc(TSLA)Citadel Advisors LLC trimmed; Invesco Ltd added
  • Intel Corp(INTC)Citadel Advisors LLC trimmed; Invesco Ltd added
  • Facebook Inc(META)Citadel Advisors LLC trimmed; Invesco Ltd added
  • Applied Matls Inc(AMAT)Citadel Advisors LLC trimmed; Invesco Ltd added
  • Cisco Sys Inc(CSCO)Citadel Advisors LLC added; Invesco Ltd trimmed
  • Costco WHSL Corp New(COST)Citadel Advisors LLC trimmed; Invesco Ltd added
  • Palo Alto Networks Inc(PANW)Citadel Advisors LLC trimmed; Invesco Ltd added
  • Asml Holding Nv-ny Reg SHS ADR(ASML)Citadel Advisors LLC trimmed; Invesco Ltd added
  • JPMorgan Chase & Co(JPM)Citadel Advisors LLC trimmed; Invesco Ltd added
  • Johnson & Johnson(JNJ)Citadel Advisors LLC trimmed; Invesco Ltd added
Citadel Advisors LLC: the recordInvesco Ltd: the record

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