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← Squarepoint Ops LLC, its record

Squarepoint Ops LLC and Bridgewater Associates LP: where the books meet

At Q2 2026, at least 24% of the two 13F books was the same, across 156 stocks both listed, against 3.4% 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%12%24%Q4 2014: 3.4%, 67 in bothQ1 2015: 3.7%, 98 in both15Q2 2015: 7.9%, 113 in bothQ3 2015: 9.0%, 110 in bothQ4 2015: 7.9%, 112 in bothQ1 2016: 11%, 139 in both16Q2 2016: 8.9%, 159 in bothQ3 2016: 14%, 144 in bothQ4 2016: 9.8%, 137 in bothQ1 2017: 11%, 135 in both17Q2 2017: 9.1%, 142 in bothQ3 2017: 9.3%, 143 in bothQ4 2017: 11%, 104 in bothQ1 2018: 12%, 193 in both18Q2 2018: 9.9%, 191 in bothQ3 2018: 8.4%, 146 in bothQ4 2018: 18%, 176 in bothQ1 2019: 7.4%, 134 in both19Q2 2019: 8.3%, 107 in bothQ3 2019: 8.3%, 122 in bothQ4 2019: 17%, 151 in bothQ1 2020: 4.3%, 144 in both20Q2 2020: 5.0%, 152 in bothQ3 2020: 12%, 162 in bothQ4 2020: 19%, 182 in bothQ1 2021: 16%, 133 in both21Q2 2021: 11%, 121 in bothQ3 2021: 8.3%, 112 in bothQ4 2021: 14%, 120 in bothQ1 2022: 13%, 149 in both22Q2 2022: 16%, 159 in bothQ3 2022: 12%, 125 in bothQ4 2022: 13%, 135 in bothQ1 2023: 11%, 125 in both23Q2 2023: 15%, 136 in bothQ3 2023: 13%, 115 in bothQ4 2023: 13%, 106 in bothQ1 2024: 12%, 112 in both24Q2 2024: 17%, 121 in bothQ3 2024: 20%, 117 in bothQ4 2024: 16%, 100 in bothQ1 2025: 19%, 129 in both25Q2 2025: 17%, 118 in bothQ3 2025: 20%, 145 in bothQ4 2025: 23%, 142 in bothQ1 2026: 22%, 139 in both26Q2 2026: 24%, 156 in both
  • Q4 2014: 3.4%, 67 in both
  • Q1 2015: 3.7%, 98 in both
  • Q2 2015: 7.9%, 113 in both
  • Q3 2015: 9.0%, 110 in both
  • Q4 2015: 7.9%, 112 in both
  • Q1 2016: 11%, 139 in both
  • Q2 2016: 8.9%, 159 in both
  • Q3 2016: 14%, 144 in both
  • Q4 2016: 9.8%, 137 in both
  • Q1 2017: 11%, 135 in both
  • Q2 2017: 9.1%, 142 in both
  • Q3 2017: 9.3%, 143 in both
  • Q4 2017: 11%, 104 in both
  • Q1 2018: 12%, 193 in both
  • Q2 2018: 9.9%, 191 in both
  • Q3 2018: 8.4%, 146 in both
  • Q4 2018: 18%, 176 in both
  • Q1 2019: 7.4%, 134 in both
  • Q2 2019: 8.3%, 107 in both
  • Q3 2019: 8.3%, 122 in both
  • Q4 2019: 17%, 151 in both
  • Q1 2020: 4.3%, 144 in both
  • Q2 2020: 5.0%, 152 in both
  • Q3 2020: 12%, 162 in both
  • Q4 2020: 19%, 182 in both
  • Q1 2021: 16%, 133 in both
  • Q2 2021: 11%, 121 in both
  • Q3 2021: 8.3%, 112 in both
  • Q4 2021: 14%, 120 in both
  • Q1 2022: 13%, 149 in both
  • Q2 2022: 16%, 159 in both
  • Q3 2022: 12%, 125 in both
  • Q4 2022: 13%, 135 in both
  • Q1 2023: 11%, 125 in both
  • Q2 2023: 15%, 136 in both
  • Q3 2023: 13%, 115 in both
  • Q4 2023: 13%, 106 in both
  • Q1 2024: 12%, 112 in both
  • Q2 2024: 17%, 121 in both
  • Q3 2024: 20%, 117 in both
  • Q4 2024: 16%, 100 in both
  • Q1 2025: 19%, 129 in both
  • Q2 2025: 17%, 118 in both
  • Q3 2025: 20%, 145 in both
  • Q4 2025: 23%, 142 in both
  • Q1 2026: 22%, 139 in both
  • Q2 2026: 24%, 156 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 LLCBridgewater Associates LP
iShares Trust(IVV)6.6%Trimmed9.2%Added
Spdr S&P 500 Etf Trust(SPY)1.0%Added16%Added
Amazon Com Inc(AMZN)1.0%Added2.0%Trimmed
Nvidia Corp(NVDA)0.9%Added3.2%Trimmed
Applied Matls Inc(AMAT)0.8%Added0.9%Trimmed
Microsoft Corp(MSFT)0.8%Trimmed1.1%Trimmed
Advanced Micro Devices Inc(AMD)0.7%Added1.3%Trimmed
Micron Technology Inc(MU)0.6%Trimmed0.6%Trimmed
Apple Inc(AAPL)0.9%Added0.4%Trimmed
Broadcom Inc(AVGO)0.4%Trimmed2.0%Trimmed
Kla-tencor Corp(KLAC)0.4%Added0.4%Added
Johnson & Johnson(JNJ)0.3%Added0.7%Trimmed
Analog Devices Inc(ADI)0.4%Added0.3%Added
Lilly Eli & Co(LLY)0.3%Trimmed0.4%Added
Lam Research Corp(LRCX)0.3%Trimmed1.7%Trimmed
Facebook Inc(META)0.3%Added0.3%Trimmed
Alphabet Inc(GOOGL)0.2%Trimmed1.9%Trimmed
Servicenow Inc(NOW)0.2%Added0.3%New
Monster Beverage Corp New(MNST)0.2%Trimmed0.2%Trimmed
CSX Corp(CSX)0.2%Added0.4%Trimmed

and 136 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; Bridgewater Associates LP added
  • Amazon Com Inc(AMZN)Squarepoint Ops LLC added; Bridgewater Associates LP trimmed
  • Nvidia Corp(NVDA)Squarepoint Ops LLC added; Bridgewater Associates LP trimmed
  • Apple Inc(AAPL)Squarepoint Ops LLC added; Bridgewater Associates LP trimmed
  • Applied Matls Inc(AMAT)Squarepoint Ops LLC added; Bridgewater Associates LP trimmed
  • Advanced Micro Devices Inc(AMD)Squarepoint Ops LLC added; Bridgewater Associates LP trimmed
  • Johnson & Johnson(JNJ)Squarepoint Ops LLC added; Bridgewater Associates LP trimmed
  • Facebook Inc(META)Squarepoint Ops LLC added; Bridgewater Associates LP trimmed
  • Lilly Eli & Co(LLY)Squarepoint Ops LLC trimmed; Bridgewater Associates LP added
  • iShares(EWY)Squarepoint Ops LLC added; Bridgewater Associates LP trimmed
  • Equinix Inc(EQIX)Squarepoint Ops LLC added; Bridgewater Associates LP trimmed
  • Oracle Corp(ORCL)Squarepoint Ops LLC added; Bridgewater Associates LP trimmed
Squarepoint Ops LLC: the recordBridgewater Associates LP: the record

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