Eisler Capital Management Ltd and Verition Fund Management LLC: where the books meet
At Q3 2025, at least 7.1% of the two 13F books was the same, across 64 stocks both listed, against 1.0% 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.
- Q1 2021: 1.0%, 29 in both
- Q2 2021: 1.8%, 35 in both
- Q3 2021: 2.5%, 46 in both
- Q4 2021: 3.5%, 59 in both
- Q1 2022: 4.7%, 68 in both
- Q2 2022: 6.1%, 87 in both
- Q3 2022: 2.7%, 32 in both
- Q4 2022: 2.2%, 19 in both
- Q1 2023: 3.1%, 35 in both
- Q2 2023: 2.4%, 40 in both
- Q3 2023: 4.2%, 48 in both
- Q4 2023: 4.0%, 74 in both
- Q1 2024: 2.6%, 65 in both
- Q2 2024: 0.8%, 35 in both
- Q3 2024: 0.8%, 33 in both
- Q4 2024: 8.0%, 56 in both
- Q1 2025: 11%, 91 in both
- Q2 2025: 4.8%, 77 in both
- Q3 2025: 7.1%, 64 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.
| Stock | Eisler Capital Management Ltd | Verition Fund Management LLC |
|---|---|---|
| iShares Trust(IVV) | 15%Added | 4.2%New |
| Spdr S&P 500 Etf Trust(SPY) | 1.2%Added | 1.2%Added |
| Invesco QQQ Trust(QQQ) | 0.1%Added | 0.5%Added |
| Amazon Com Inc(AMZN) | under 0.1%Added | 0.9%Added |
| Adobe Systems Incorporated(ADBE) | under 0.1%Added | under 0.1%Trimmed |
| Microsoft Corp(MSFT) | under 0.1%Added | 0.3%Trimmed |
| Procter and Gamble Co(PG) | under 0.1%Added | under 0.1%Trimmed |
| Salesforce Com Inc(CRM) | under 0.1%Added | under 0.1%Added |
| N3167y103(RACE) | under 0.1%Added | under 0.1%Added |
| KBR Inc(KBR) | under 0.1%Added | 0.1%Added |
| CSX Corp(CSX) | under 0.1%Added | under 0.1%Trimmed |
| 35909d109 | under 0.1%Trimmed | 0.2%Trimmed |
| Lilly Eli & Co(LLY) | under 0.1%Added | 0.8%Added |
| 031100100(AME) | under 0.1%Trimmed | under 0.1%Added |
| 06849f108(B) | under 0.1%Added | 0.1%Added |
| 778296103(ROST) | under 0.1%Added | 0.3%Added |
| 36262g101(GXO) | under 0.1%Trimmed | under 0.1%Added |
| Coca Cola Co(KO) | under 0.1%Added | under 0.1%Trimmed |
| Interpublic Group Cos Inc | under 0.1%New | under 0.1%Added |
| G6700g107(NVT) | under 0.1%Trimmed | under 0.1%Trimmed |
and 44 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.
- Norfolk Southn Corp(NSC)Eisler Capital Management Ltd trimmed; Verition Fund Management LLC added
- Kellogg CoEisler Capital Management Ltd trimmed; Verition Fund Management LLC added
- Microsoft Corp(MSFT)Eisler Capital Management Ltd added; Verition Fund Management LLC trimmed
- McDonald's Corp(MCD)Eisler Capital Management Ltd trimmed; Verition Fund Management LLC added
- Liberty Broadband Corp(LBRDK)Eisler Capital Management Ltd trimmed; Verition Fund Management LLC added
- Walmart Inc(WMT)Eisler Capital Management Ltd trimmed; Verition Fund Management LLC added
- Exxon Mobil Corp(XOM)Eisler Capital Management Ltd trimmed; Verition Fund Management LLC added
- SPDR Series Trust(KRE)Eisler Capital Management Ltd added; Verition Fund Management LLC trimmed
- Johnson CTLS Intl PLC(JCI)Eisler Capital Management Ltd trimmed; Verition Fund Management LLC added
- Keycorp(KEY)Eisler Capital Management Ltd sold out; Verition Fund Management LLC added
- Coca Cola Co(KO)Eisler Capital Management Ltd added; Verition Fund Management LLC trimmed
- 031100100(AME)Eisler Capital Management Ltd trimmed; Verition Fund Management LLC added
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