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← Squarepoint Ops LLC, its record

Squarepoint Ops LLC and AQR Capital Management LLC: where the books meet

At Q2 2026, at least 22% of the two 13F books was the same, across 176 stocks both listed, against 19% at Q4 2014. 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%18%35%Q4 2014: 19%, 87 in bothQ1 2015: 22%, 164 in both15Q2 2015: 23%, 165 in bothQ3 2015: 21%, 145 in bothQ4 2015: 29%, 238 in bothQ1 2016: 35%, 254 in both16Q2 2016: 29%, 237 in bothQ3 2016: 30%, 236 in bothQ4 2016: 30%, 244 in bothQ1 2017: 31%, 242 in both17Q2 2017: 30%, 241 in bothQ3 2017: 30%, 217 in bothQ4 2017: 27%, 225 in bothQ1 2018: 29%, 244 in both18Q2 2018: 32%, 252 in bothQ3 2018: 33%, 259 in bothQ4 2018: 29%, 246 in bothQ1 2019: 28%, 218 in both19Q2 2019: 28%, 231 in bothQ3 2019: 29%, 241 in bothQ4 2019: 24%, 243 in bothQ1 2020: 29%, 231 in both20Q2 2020: 31%, 240 in bothQ3 2020: 30%, 239 in bothQ4 2020: 31%, 229 in bothQ1 2021: 21%, 190 in both21Q2 2021: 16%, 175 in bothQ3 2021: 14%, 156 in bothQ4 2021: 15%, 171 in bothQ1 2022: 19%, 175 in both22Q2 2022: 18%, 175 in bothQ3 2022: 18%, 175 in bothQ4 2022: 20%, 171 in bothQ1 2023: 20%, 166 in both23Q2 2023: 22%, 165 in bothQ3 2023: 19%, 145 in bothQ4 2023: 17%, 143 in bothQ1 2024: 15%, 138 in both24Q2 2024: 16%, 151 in bothQ3 2024: 16%, 147 in bothQ4 2024: 17%, 145 in bothQ1 2025: 22%, 154 in both25Q2 2025: 20%, 163 in bothQ3 2025: 19%, 154 in bothQ4 2025: 21%, 169 in bothQ1 2026: 22%, 176 in both26Q2 2026: 22%, 176 in both
  • Q4 2014: 19%, 87 in both
  • Q1 2015: 22%, 164 in both
  • Q2 2015: 23%, 165 in both
  • Q3 2015: 21%, 145 in both
  • Q4 2015: 29%, 238 in both
  • Q1 2016: 35%, 254 in both
  • Q2 2016: 29%, 237 in both
  • Q3 2016: 30%, 236 in both
  • Q4 2016: 30%, 244 in both
  • Q1 2017: 31%, 242 in both
  • Q2 2017: 30%, 241 in both
  • Q3 2017: 30%, 217 in both
  • Q4 2017: 27%, 225 in both
  • Q1 2018: 29%, 244 in both
  • Q2 2018: 32%, 252 in both
  • Q3 2018: 33%, 259 in both
  • Q4 2018: 29%, 246 in both
  • Q1 2019: 28%, 218 in both
  • Q2 2019: 28%, 231 in both
  • Q3 2019: 29%, 241 in both
  • Q4 2019: 24%, 243 in both
  • Q1 2020: 29%, 231 in both
  • Q2 2020: 31%, 240 in both
  • Q3 2020: 30%, 239 in both
  • Q4 2020: 31%, 229 in both
  • Q1 2021: 21%, 190 in both
  • Q2 2021: 16%, 175 in both
  • Q3 2021: 14%, 156 in both
  • Q4 2021: 15%, 171 in both
  • Q1 2022: 19%, 175 in both
  • Q2 2022: 18%, 175 in both
  • Q3 2022: 18%, 175 in both
  • Q4 2022: 20%, 171 in both
  • Q1 2023: 20%, 166 in both
  • Q2 2023: 22%, 165 in both
  • Q3 2023: 19%, 145 in both
  • Q4 2023: 17%, 143 in both
  • Q1 2024: 15%, 138 in both
  • Q2 2024: 16%, 151 in both
  • Q3 2024: 16%, 147 in both
  • Q4 2024: 17%, 145 in both
  • Q1 2025: 22%, 154 in both
  • Q2 2025: 20%, 163 in both
  • Q3 2025: 19%, 154 in both
  • Q4 2025: 21%, 169 in both
  • Q1 2026: 22%, 176 in both
  • Q2 2026: 22%, 176 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.

StockSquarepoint Ops LLCAQR Capital Management LLC
Amazon Com Inc(AMZN)1.0%Added1.0%Added
Nvidia Corp(NVDA)0.9%Added2.6%Added
Apple Inc(AAPL)0.9%Added1.7%Added
Microsoft Corp(MSFT)0.8%Trimmed1.5%Added
Micron Technology Inc(MU)0.6%Trimmed1.5%Trimmed
Tesla Inc(TSLA)0.6%Trimmed0.4%Added
Broadcom Inc(AVGO)0.4%Trimmed0.9%Added
Facebook Inc(META)0.3%Added0.4%Added
SanDisk Corp(SNDK)0.5%Trimmed0.3%Trimmed
Berkshire Hathaway Inc Del(BRK-B)0.3%Added0.4%Added
Advanced Micro Devices Inc(AMD)0.7%Added0.3%Added
Lilly Eli & Co(LLY)0.3%Trimmed0.4%Added
Chevron Corp New(CVX)0.4%Added0.3%Added
Spdr S&P 500 Etf Trust(SPY)1.0%Added0.3%Added
Johnson & Johnson(JNJ)0.3%Added0.3%Trimmed
Lam Research Corp(LRCX)0.3%Trimmed0.5%Added
Pepsico Inc(PEP)0.3%Added0.3%Trimmed
Wal-mart Stores Inc(WMT)0.5%Added0.2%Trimmed
Snowflake Inc(SNOW)0.2%Trimmed0.4%Trimmed
Exxon Mobil Corp(XOM)0.4%Added0.2%Added

and 156 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.

  • iShares Trust(IVV)Squarepoint Ops LLC trimmed; AQR Capital Management LLC added
  • Microsoft Corp(MSFT)Squarepoint Ops LLC trimmed; AQR Capital Management LLC added
  • Broadcom Inc(AVGO)Squarepoint Ops LLC trimmed; AQR Capital Management LLC added
  • Alphabet Inc(GOOG)Squarepoint Ops LLC trimmed; AQR Capital Management LLC added
  • Alphabet Inc(GOOGL)Squarepoint Ops LLC trimmed; AQR Capital Management LLC added
  • Lam Research Corp(LRCX)Squarepoint Ops LLC trimmed; AQR Capital Management LLC added
  • Intel Corp(INTC)Squarepoint Ops LLC added; AQR Capital Management LLC trimmed
  • Lilly Eli & Co(LLY)Squarepoint Ops LLC trimmed; AQR Capital Management LLC added
  • Tesla Inc(TSLA)Squarepoint Ops LLC trimmed; AQR Capital Management LLC added
  • Seagate Technology Hldngs PL(STX)Squarepoint Ops LLC trimmed; AQR Capital Management LLC added
  • Costco WHSL Corp New(COST)Squarepoint Ops LLC trimmed; AQR Capital Management LLC added
  • Teradyne Inc(TER)Squarepoint Ops LLC trimmed; AQR Capital Management LLC added
Squarepoint Ops LLC: the recordAQR Capital Management LLC: the record

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