ExodusPoint Capital Management LP and Invesco Ltd: where the books meet
At Q2 2026, at least 19% of the two 13F books was the same, across 162 stocks both listed, against 10% 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.
- Q4 2018: 10%, 122 in both
- Q1 2019: 13%, 161 in both
- Q2 2019: 13%, 158 in both
- Q3 2019: 20%, 189 in both
- Q4 2019: 16%, 173 in both
- Q1 2020: 26%, 232 in both
- Q2 2020: 20%, 184 in both
- Q3 2020: 17%, 179 in both
- Q4 2020: 19%, 189 in both
- Q1 2021: 19%, 193 in both
- Q2 2021: 21%, 199 in both
- Q3 2021: 23%, 211 in both
- Q4 2021: 23%, 199 in both
- Q1 2022: 20%, 182 in both
- Q2 2022: 23%, 211 in both
- Q3 2022: 25%, 224 in both
- Q4 2022: 24%, 226 in both
- Q1 2023: 21%, 217 in both
- Q2 2023: 21%, 215 in both
- Q3 2023: 24%, 228 in both
- Q4 2023: 16%, 183 in both
- Q1 2024: 21%, 169 in both
- Q2 2024: 21%, 179 in both
- Q3 2024: 21%, 180 in both
- Q4 2024: 23%, 197 in both
- Q1 2025: 18%, 159 in both
- Q2 2025: 18%, 186 in both
- Q3 2025: 23%, 171 in both
- Q4 2025: 25%, 177 in both
- Q1 2026: 22%, 165 in both
- Q2 2026: 19%, 162 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.
| Stock | ExodusPoint Capital Management LP | Invesco Ltd |
|---|---|---|
| Apple Inc(AAPL) | 3.2%Added | 4.3%Added |
| Amazon Com Inc(AMZN) | 4.2%Added | 2.7%Added |
| Nvidia Corp(NVDA) | 1.8%Trimmed | 5.2%Added |
| Microsoft Corp(MSFT) | 0.6%Added | 3.0%Added |
| Intel Corp(INTC) | 0.4%Added | 1.7%Added |
| Shopify Inc(SHOP) | 0.7%New | 0.3%Added |
| American Elec PWR Inc(AEP) | 0.4%Added | 0.2%Added |
| Costco WHSL Corp New(COST) | 0.2%Added | 1.0%Added |
| O Reilly Automotive Inc New(ORLY) | 0.5%Added | 0.2%Added |
| Cisco Sys Inc(CSCO) | 0.2%Added | 1.3%Trimmed |
| Berkshire Hathaway Inc Del(BRK-B) | 0.3%New | 0.2%Trimmed |
| Warner Bros Discovery Inc(WBD) | 0.4%Added | 0.2%Added |
| 55306n104(MKSI) | 0.2%Added | 0.2%Added |
| SanDisk Corp(SNDK) | 0.2%Trimmed | 1.0%Added |
| Qualcomm Inc(QCOM) | 0.2%New | 0.5%Added |
| Visa Inc(V) | 0.2%Added | 0.3%Added |
| Wells Fargo Co New(WFC) | 0.2%Added | 0.2%Added |
| Intuitive Surgical Inc(ISRG) | 0.1%Trimmed | 0.4%Added |
| Electronic Arts Inc(EA) | 0.3%Added | 0.1%Added |
| Advanced Micro Devices Inc(AMD) | 0.1%Added | 2.4%Added |
and 142 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; Invesco Ltd added
- Tesla Inc(TSLA)ExodusPoint Capital Management LP trimmed; Invesco Ltd added
- Lam Research Corp(LRCX)ExodusPoint Capital Management LP trimmed; Invesco Ltd added
- Facebook Inc(META)ExodusPoint Capital Management LP trimmed; Invesco Ltd added
- Applied Matls Inc(AMAT)ExodusPoint Capital Management LP trimmed; Invesco Ltd added
- Cisco Sys Inc(CSCO)ExodusPoint Capital Management LP added; Invesco Ltd trimmed
- SanDisk Corp(SNDK)ExodusPoint Capital Management LP trimmed; Invesco Ltd added
- Netflix Inc(NFLX)ExodusPoint Capital Management LP sold out; Invesco Ltd added
- Western Digital Corp(WDC)ExodusPoint Capital Management LP trimmed; Invesco Ltd added
- Analog Devices Inc(ADI)ExodusPoint Capital Management LP trimmed; Invesco Ltd added
- Crowdstrike HLDGS Inc(CRWD)ExodusPoint Capital Management LP trimmed; Invesco Ltd added
- Asml Holding N V(ASML)ExodusPoint Capital Management LP trimmed; Invesco Ltd added
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