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← Eisler Capital Management Ltd, its record

Eisler Capital Management Ltd and Man Group PLC: where the books meet

At Q3 2025, at least 3.2% of the two 13F books was the same, across 73 stocks both listed, against 1.6% at Q1 2021. 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%5%10%Q1 2021: 1.6%, 17 in both21Q2 2021: 3.0%, 26 in bothQ3 2021: 5.0%, 45 in bothQ4 2021: 6.0%, 35 in bothQ1 2022: 7.1%, 53 in both22Q2 2022: 4.6%, 27 in bothQ3 2022: 6.1%, 51 in bothQ4 2022: 5.6%, 26 in bothQ1 2023: 7.0%, 69 in both23Q2 2023: 4.3%, 76 in bothQ3 2023: 10%, 92 in bothQ4 2023: 5.2%, 104 in bothQ1 2024: 3.9%, 100 in both24Q2 2024: 1.4%, 60 in bothQ3 2024: 0.9%, 46 in bothQ4 2024: 2.6%, 55 in bothQ1 2025: 8.6%, 86 in both25Q2 2025: 5.5%, 78 in bothQ3 2025: 3.2%, 73 in both
  • Q1 2021: 1.6%, 17 in both
  • Q2 2021: 3.0%, 26 in both
  • Q3 2021: 5.0%, 45 in both
  • Q4 2021: 6.0%, 35 in both
  • Q1 2022: 7.1%, 53 in both
  • Q2 2022: 4.6%, 27 in both
  • Q3 2022: 6.1%, 51 in both
  • Q4 2022: 5.6%, 26 in both
  • Q1 2023: 7.0%, 69 in both
  • Q2 2023: 4.3%, 76 in both
  • Q3 2023: 10%, 92 in both
  • Q4 2023: 5.2%, 104 in both
  • Q1 2024: 3.9%, 100 in both
  • Q2 2024: 1.4%, 60 in both
  • Q3 2024: 0.9%, 46 in both
  • Q4 2024: 2.6%, 55 in both
  • Q1 2025: 8.6%, 86 in both
  • Q2 2025: 5.5%, 78 in both
  • Q3 2025: 3.2%, 73 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, Q3 2025

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.

StockEisler Capital Management LtdMan Group PLC
Spdr S&P 500 Etf Trust(SPY)1.2%Added1.4%Trimmed
iShares Inc(EWZ)under 0.1%Addedunder 0.1%Added
Amazon Com Inc(AMZN)under 0.1%Added1.6%Added
Procter and Gamble Co(PG)under 0.1%Addedunder 0.1%Added
Adobe Systems Incorporated(ADBE)under 0.1%Added0.7%Added
Microsoft Corp(MSFT)under 0.1%Added2.9%Added
Invesco QQQ Trust(QQQ)0.1%Addedunder 0.1%Added
Salesforce Com Inc(CRM)under 0.1%Added0.4%Trimmed
PayPal HLDGS Inc(PYPL)under 0.1%Trimmed0.2%Added
CSX Corp(CSX)under 0.1%Addedunder 0.1%Added
Frontier Communications Pareunder 0.1%Trimmedunder 0.1%Added
Lilly Eli & Co(LLY)under 0.1%Added0.4%Added
Ametek Inc New(AME)under 0.1%Trimmed0.3%Added
Barrick MNG Corp(B)under 0.1%Added0.2%Trimmed
G7s00t104(PNR)under 0.1%Trimmed0.1%Added
Ross Stores Inc(ROST)under 0.1%Added0.1%Added
Cummins Inc(CMI)under 0.1%Addedunder 0.1%Trimmed
Coca Cola Co(KO)under 0.1%Addedunder 0.1%Added
Interpublic Group Cos Incunder 0.1%Newunder 0.1%Added
Schwab Charles Corp(SCHW)under 0.1%Trimmed0.2%Added

and 53 smaller ones

Moved different ways in Q3 2025

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.

  • Spdr S&P 500 Etf Trust(SPY)Eisler Capital Management Ltd added; Man Group PLC trimmed
  • Salesforce Com Inc(CRM)Eisler Capital Management Ltd added; Man Group PLC trimmed
  • Synchrony Financial(SYF)Eisler Capital Management Ltd sold out; Man Group PLC added
  • Advanced Micro Devices Inc(AMD)Eisler Capital Management Ltd trimmed; Man Group PLC added
  • T-mobile US Inc(TMUS)Eisler Capital Management Ltd added; Man Group PLC trimmed
  • Intuit(INTU)Eisler Capital Management Ltd added; Man Group PLC trimmed
  • Walmart Inc(WMT)Eisler Capital Management Ltd trimmed; Man Group PLC added
  • Regeneron Pharmaceuticals(REGN)Eisler Capital Management Ltd trimmed; Man Group PLC added
  • Target Corp(TGT)Eisler Capital Management Ltd trimmed; Man Group PLC added
  • Ametek Inc New(AME)Eisler Capital Management Ltd trimmed; Man Group PLC added
  • Schwab Charles Corp(SCHW)Eisler Capital Management Ltd trimmed; Man Group PLC added
  • Barrick MNG Corp(B)Eisler Capital Management Ltd added; Man Group PLC trimmed

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