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← Squarepoint Ops LLC, its record

Squarepoint Ops LLC and Invesco Ltd: where the books meet

At Q2 2026, at least 25% of the two 13F books was the same, across 204 stocks both listed, against 22% 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%15%29%Q4 2014: 22%, 102 in bothQ1 2015: 17%, 140 in both15Q2 2015: 15%, 133 in bothQ3 2015: 15%, 131 in bothQ4 2015: 20%, 191 in bothQ1 2016: 27%, 212 in both16Q2 2016: 20%, 203 in bothQ3 2016: 20%, 207 in bothQ4 2016: 23%, 214 in bothQ1 2017: 23%, 208 in both17Q2 2017: 25%, 222 in bothQ3 2017: 27%, 222 in bothQ4 2017: 24%, 208 in bothQ1 2018: 27%, 222 in both18Q2 2018: 26%, 260 in bothQ3 2018: 27%, 248 in bothQ4 2018: 26%, 232 in bothQ1 2019: 26%, 226 in both19Q2 2019: 27%, 223 in bothQ3 2019: 25%, 210 in bothQ4 2019: 22%, 217 in bothQ1 2020: 27%, 214 in both20Q2 2020: 27%, 216 in bothQ3 2020: 25%, 205 in bothQ4 2020: 29%, 229 in bothQ1 2021: 22%, 191 in both21Q2 2021: 17%, 178 in bothQ3 2021: 16%, 169 in bothQ4 2021: 16%, 190 in bothQ1 2022: 19%, 188 in both22Q2 2022: 19%, 181 in bothQ3 2022: 20%, 182 in bothQ4 2022: 23%, 189 in bothQ1 2023: 22%, 191 in both23Q2 2023: 25%, 188 in bothQ3 2023: 22%, 167 in bothQ4 2023: 18%, 148 in bothQ1 2024: 16%, 142 in both24Q2 2024: 16%, 159 in bothQ3 2024: 16%, 158 in bothQ4 2024: 18%, 155 in bothQ1 2025: 23%, 178 in both25Q2 2025: 22%, 177 in bothQ3 2025: 22%, 185 in bothQ4 2025: 21%, 182 in bothQ1 2026: 24%, 209 in both26Q2 2026: 25%, 204 in both
  • Q4 2014: 22%, 102 in both
  • Q1 2015: 17%, 140 in both
  • Q2 2015: 15%, 133 in both
  • Q3 2015: 15%, 131 in both
  • Q4 2015: 20%, 191 in both
  • Q1 2016: 27%, 212 in both
  • Q2 2016: 20%, 203 in both
  • Q3 2016: 20%, 207 in both
  • Q4 2016: 23%, 214 in both
  • Q1 2017: 23%, 208 in both
  • Q2 2017: 25%, 222 in both
  • Q3 2017: 27%, 222 in both
  • Q4 2017: 24%, 208 in both
  • Q1 2018: 27%, 222 in both
  • Q2 2018: 26%, 260 in both
  • Q3 2018: 27%, 248 in both
  • Q4 2018: 26%, 232 in both
  • Q1 2019: 26%, 226 in both
  • Q2 2019: 27%, 223 in both
  • Q3 2019: 25%, 210 in both
  • Q4 2019: 22%, 217 in both
  • Q1 2020: 27%, 214 in both
  • Q2 2020: 27%, 216 in both
  • Q3 2020: 25%, 205 in both
  • Q4 2020: 29%, 229 in both
  • Q1 2021: 22%, 191 in both
  • Q2 2021: 17%, 178 in both
  • Q3 2021: 16%, 169 in both
  • Q4 2021: 16%, 190 in both
  • Q1 2022: 19%, 188 in both
  • Q2 2022: 19%, 181 in both
  • Q3 2022: 20%, 182 in both
  • Q4 2022: 23%, 189 in both
  • Q1 2023: 22%, 191 in both
  • Q2 2023: 25%, 188 in both
  • Q3 2023: 22%, 167 in both
  • Q4 2023: 18%, 148 in both
  • Q1 2024: 16%, 142 in both
  • Q2 2024: 16%, 159 in both
  • Q3 2024: 16%, 158 in both
  • Q4 2024: 18%, 155 in both
  • Q1 2025: 23%, 178 in both
  • Q2 2025: 22%, 177 in both
  • Q3 2025: 22%, 185 in both
  • Q4 2025: 21%, 182 in both
  • Q1 2026: 24%, 209 in both
  • Q2 2026: 25%, 204 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 LLCInvesco Ltd
Amazon Com Inc(AMZN)1.0%Added2.7%Added
Nvidia Corp(NVDA)0.9%Added5.2%Added
Apple Inc(AAPL)0.9%Added4.3%Added
Applied Matls Inc(AMAT)0.8%Added1.6%Added
Microsoft Corp(MSFT)0.8%Trimmed3.0%Added
Advanced Micro Devices Inc(AMD)0.7%Added2.4%Added
Micron Technology Inc(MU)0.6%Trimmed3.3%Added
Tesla Inc(TSLA)0.6%Trimmed1.8%Added
SanDisk Corp(SNDK)0.5%Trimmed1.0%Added
Wal-mart Stores Inc(WMT)0.5%Added1.3%Added
Broadcom Inc(AVGO)0.4%Trimmed2.1%Trimmed
Analog Devices Inc(ADI)0.4%Added0.5%Added
Kla-tencor Corp(KLAC)0.4%Added1.1%Added
Facebook Inc(META)0.3%Added1.7%Added
Intuitive Surgical Inc(ISRG)0.3%Added0.4%Added
Lilly Eli & Co(LLY)0.3%Trimmed0.4%Added
Johnson & Johnson(JNJ)0.3%Added0.3%Added
Pepsico Inc(PEP)0.3%Added0.5%Added
Lam Research Corp(LRCX)0.3%Trimmed1.8%Added
Gilead Sciences Inc(GILD)0.3%Added0.4%Trimmed

and 184 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.

  • Micron Technology Inc(MU)Squarepoint Ops LLC trimmed; Invesco Ltd added
  • Microsoft Corp(MSFT)Squarepoint Ops LLC trimmed; Invesco Ltd added
  • Alphabet Inc(GOOGL)Squarepoint Ops LLC trimmed; Invesco Ltd added
  • Alphabet Inc(GOOG)Squarepoint Ops LLC trimmed; Invesco Ltd added
  • Tesla Inc(TSLA)Squarepoint Ops LLC trimmed; Invesco Ltd added
  • Lam Research Corp(LRCX)Squarepoint Ops LLC trimmed; Invesco Ltd added
  • Cisco Sys Inc(CSCO)Squarepoint Ops LLC added; Invesco Ltd trimmed
  • Costco WHSL Corp New(COST)Squarepoint Ops LLC trimmed; Invesco Ltd added
  • SanDisk Corp(SNDK)Squarepoint Ops LLC trimmed; Invesco Ltd added
  • Western Digital Corp(WDC)Squarepoint Ops LLC trimmed; Invesco Ltd added
  • Seagate Technology Hldngs PL(STX)Squarepoint Ops LLC trimmed; Invesco Ltd added
  • Qualcomm Inc(QCOM)Squarepoint Ops LLC trimmed; Invesco Ltd added
Squarepoint Ops LLC: the recordInvesco Ltd: the record

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