L3VLUP
ProSign in
← ExodusPoint Capital Management LP, its record

ExodusPoint Capital Management LP and Arrowstreet Capital LP: where the books meet

At Q2 2026, at least 20% of the two 13F books was the same, across 146 stocks both listed, against 4.8% at Q4 2018. 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%10%21%Q4 2018: 4.8%, 99 in bothQ1 2019: 9.3%, 119 in both19Q2 2019: 7.7%, 141 in bothQ3 2019: 13%, 135 in bothQ4 2019: 9.1%, 126 in bothQ1 2020: 17%, 160 in both20Q2 2020: 16%, 158 in bothQ3 2020: 9.6%, 125 in bothQ4 2020: 17%, 146 in bothQ1 2021: 14%, 152 in both21Q2 2021: 21%, 157 in bothQ3 2021: 19%, 177 in bothQ4 2021: 19%, 155 in bothQ1 2022: 17%, 155 in both22Q2 2022: 17%, 166 in bothQ3 2022: 16%, 156 in bothQ4 2022: 15%, 148 in bothQ1 2023: 15%, 149 in both23Q2 2023: 12%, 136 in bothQ3 2023: 13%, 149 in bothQ4 2023: 9.9%, 141 in bothQ1 2024: 18%, 128 in both24Q2 2024: 15%, 150 in bothQ3 2024: 16%, 144 in bothQ4 2024: 15%, 142 in bothQ1 2025: 13%, 138 in both25Q2 2025: 14%, 156 in bothQ3 2025: 18%, 142 in bothQ4 2025: 20%, 154 in bothQ1 2026: 16%, 148 in both26Q2 2026: 20%, 146 in both
  • Q4 2018: 4.8%, 99 in both
  • Q1 2019: 9.3%, 119 in both
  • Q2 2019: 7.7%, 141 in both
  • Q3 2019: 13%, 135 in both
  • Q4 2019: 9.1%, 126 in both
  • Q1 2020: 17%, 160 in both
  • Q2 2020: 16%, 158 in both
  • Q3 2020: 9.6%, 125 in both
  • Q4 2020: 17%, 146 in both
  • Q1 2021: 14%, 152 in both
  • Q2 2021: 21%, 157 in both
  • Q3 2021: 19%, 177 in both
  • Q4 2021: 19%, 155 in both
  • Q1 2022: 17%, 155 in both
  • Q2 2022: 17%, 166 in both
  • Q3 2022: 16%, 156 in both
  • Q4 2022: 15%, 148 in both
  • Q1 2023: 15%, 149 in both
  • Q2 2023: 12%, 136 in both
  • Q3 2023: 13%, 149 in both
  • Q4 2023: 9.9%, 141 in both
  • Q1 2024: 18%, 128 in both
  • Q2 2024: 15%, 150 in both
  • Q3 2024: 16%, 144 in both
  • Q4 2024: 15%, 142 in both
  • Q1 2025: 13%, 138 in both
  • Q2 2025: 14%, 156 in both
  • Q3 2025: 18%, 142 in both
  • Q4 2025: 20%, 154 in both
  • Q1 2026: 16%, 148 in both
  • Q2 2026: 20%, 146 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.

StockExodusPoint Capital Management LPArrowstreet Capital LP
Amazon Com Inc(AMZN)4.2%Added4.3%Added
Apple Inc(AAPL)3.2%Added3.8%Added
Nvidia Corp(NVDA)1.8%Trimmed3.1%Added
Microsoft Corp(MSFT)0.6%Added4.6%Added
Salesforce Com Inc(CRM)0.4%Added0.9%Added
O Reilly Automotive Inc New(ORLY)0.5%Added0.3%Added
Norfolk Southern Corp(NSC)0.5%Added0.2%Added
Hilton Worldwide HLDGS Inc(HLT)0.2%Added0.3%Trimmed
Home Depot Inc(HD)0.2%New0.2%Trimmed
Cisco Sys Inc(CSCO)0.2%Added1.0%Added
Canadian Natl Ry Co(CNI)0.2%Added0.3%Added
Costco WHSL Corp New(COST)0.2%Added0.2%Trimmed
SanDisk Corp(SNDK)0.2%Trimmed2.2%Trimmed
Wells Fargo Co New(WFC)0.2%Added0.4%Added
668771108(GEN)0.2%Added0.1%Added
Intuitive Surgical Inc(ISRG)0.1%Trimmed0.7%Added
The Charles Schwab Corporati(SCHW)0.1%Added0.3%Added
Boston Scientific Corp(BSX)0.1%Added0.4%Added
Asml Holding N V(ASML)0.1%Trimmed1.3%Trimmed
Nokia Corp(NOK)0.1%Added0.2%Trimmed

and 126 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)ExodusPoint Capital Management LP trimmed; Arrowstreet Capital LP added
  • Intuitive Surgical Inc(ISRG)ExodusPoint Capital Management LP trimmed; Arrowstreet Capital LP added
  • Barrick MNG Corp(B)ExodusPoint Capital Management LP added; Arrowstreet Capital LP trimmed
  • Astrazeneca PLC(AZN)ExodusPoint Capital Management LP sold out; Arrowstreet Capital LP added
  • Danaher Corporation(DHR)ExodusPoint Capital Management LP trimmed; Arrowstreet Capital LP added
  • American Tower Corp New(AMT)ExodusPoint Capital Management LP sold out; Arrowstreet Capital LP added
  • Hilton Worldwide HLDGS Inc(HLT)ExodusPoint Capital Management LP added; Arrowstreet Capital LP trimmed
  • Servicenow Inc(NOW)ExodusPoint Capital Management LP sold out; Arrowstreet Capital LP added
  • Altria Group Inc(MO)ExodusPoint Capital Management LP started; Arrowstreet Capital LP trimmed
  • Nokia Corp(NOK)ExodusPoint Capital Management LP added; Arrowstreet Capital LP trimmed
  • Bristol Myers Squibb Co(BMY)ExodusPoint Capital Management LP added; Arrowstreet Capital LP trimmed
  • Dexcom Inc(DXCM)ExodusPoint Capital Management LP trimmed; Arrowstreet Capital LP added
ExodusPoint Capital Management LP: the recordArrowstreet Capital LP: the record

Company names, tickers and logos are the trademarks of their respective owners and appear here to identify the company whose public figures are being used. L3VLUP is not affiliated with, sponsored by or endorsed by any company shown, and nothing here is a statement by or about that company. More