L3VLUP
ProSign in
← Squarepoint Ops LLC, its record

Squarepoint Ops LLC and Marshall Wace LLP: where the books meet

At Q2 2026, at least 26% of the two 13F books was the same, across 160 stocks both listed, against 15% 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: 15%, 69 in bothQ1 2015: 19%, 133 in both15Q2 2015: 17%, 127 in bothQ3 2015: 21%, 131 in bothQ4 2015: 21%, 182 in bothQ1 2016: 23%, 197 in both16Q2 2016: 15%, 157 in bothQ3 2016: 20%, 179 in bothQ4 2016: 23%, 195 in bothQ1 2017: 12%, 115 in both17Q2 2017: 14%, 124 in bothQ3 2017: 17%, 136 in bothQ4 2017: 15%, 138 in bothQ1 2018: 17%, 155 in both18Q2 2018: 21%, 194 in bothQ3 2018: 20%, 158 in bothQ4 2018: 18%, 155 in bothQ1 2019: 21%, 171 in both19Q2 2019: 22%, 177 in bothQ3 2019: 21%, 173 in bothQ4 2019: 19%, 188 in bothQ1 2020: 19%, 149 in both20Q2 2020: 21%, 178 in bothQ3 2020: 22%, 178 in bothQ4 2020: 18%, 154 in bothQ1 2021: 15%, 134 in both21Q2 2021: 12%, 124 in bothQ3 2021: 10%, 104 in bothQ4 2021: 14%, 144 in bothQ1 2022: 18%, 149 in both22Q2 2022: 15%, 136 in bothQ3 2022: 15%, 132 in bothQ4 2022: 18%, 135 in bothQ1 2023: 17%, 128 in both23Q2 2023: 18%, 127 in bothQ3 2023: 16%, 116 in bothQ4 2023: 16%, 117 in bothQ1 2024: 15%, 114 in both24Q2 2024: 18%, 124 in bothQ3 2024: 21%, 121 in bothQ4 2024: 18%, 133 in bothQ1 2025: 22%, 121 in both25Q2 2025: 23%, 135 in bothQ3 2025: 22%, 139 in bothQ4 2025: 26%, 148 in bothQ1 2026: 29%, 168 in both26Q2 2026: 26%, 160 in both
  • Q4 2014: 15%, 69 in both
  • Q1 2015: 19%, 133 in both
  • Q2 2015: 17%, 127 in both
  • Q3 2015: 21%, 131 in both
  • Q4 2015: 21%, 182 in both
  • Q1 2016: 23%, 197 in both
  • Q2 2016: 15%, 157 in both
  • Q3 2016: 20%, 179 in both
  • Q4 2016: 23%, 195 in both
  • Q1 2017: 12%, 115 in both
  • Q2 2017: 14%, 124 in both
  • Q3 2017: 17%, 136 in both
  • Q4 2017: 15%, 138 in both
  • Q1 2018: 17%, 155 in both
  • Q2 2018: 21%, 194 in both
  • Q3 2018: 20%, 158 in both
  • Q4 2018: 18%, 155 in both
  • Q1 2019: 21%, 171 in both
  • Q2 2019: 22%, 177 in both
  • Q3 2019: 21%, 173 in both
  • Q4 2019: 19%, 188 in both
  • Q1 2020: 19%, 149 in both
  • Q2 2020: 21%, 178 in both
  • Q3 2020: 22%, 178 in both
  • Q4 2020: 18%, 154 in both
  • Q1 2021: 15%, 134 in both
  • Q2 2021: 12%, 124 in both
  • Q3 2021: 10%, 104 in both
  • Q4 2021: 14%, 144 in both
  • Q1 2022: 18%, 149 in both
  • Q2 2022: 15%, 136 in both
  • Q3 2022: 15%, 132 in both
  • Q4 2022: 18%, 135 in both
  • Q1 2023: 17%, 128 in both
  • Q2 2023: 18%, 127 in both
  • Q3 2023: 16%, 116 in both
  • Q4 2023: 16%, 117 in both
  • Q1 2024: 15%, 114 in both
  • Q2 2024: 18%, 124 in both
  • Q3 2024: 21%, 121 in both
  • Q4 2024: 18%, 133 in both
  • Q1 2025: 22%, 121 in both
  • Q2 2025: 23%, 135 in both
  • Q3 2025: 22%, 139 in both
  • Q4 2025: 26%, 148 in both
  • Q1 2026: 29%, 168 in both
  • Q2 2026: 26%, 160 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 LLCMarshall Wace LLP
iShares Trust(IVV)6.6%Trimmed24%Added
Amazon Com Inc(AMZN)1.0%Added1.8%Added
Nvidia Corp(NVDA)0.9%Added1.4%Trimmed
Apple Inc(AAPL)0.9%Added2.1%Added
Microsoft Corp(MSFT)0.8%Trimmed1.0%Trimmed
Advanced Micro Devices Inc(AMD)0.7%Added1.8%Added
Micron Technology Inc(MU)0.6%Trimmed1.2%Added
Tesla Inc(TSLA)0.6%Trimmed0.7%Added
SanDisk Corp(SNDK)0.5%Trimmed0.4%Trimmed
Broadcom Inc(AVGO)0.4%Trimmed0.4%Trimmed
Johnson & Johnson(JNJ)0.3%Added0.6%Added
Facebook Inc(META)0.3%Added0.4%Trimmed
Exxon Mobil Corp(XOM)0.4%Added0.3%Added
Chevron Corp New(CVX)0.4%Added0.3%Trimmed
Applied Matls Inc(AMAT)0.8%Added0.3%Trimmed
Lilly Eli & Co(LLY)0.3%Trimmed0.3%Trimmed
Morgan Stanley(MS)0.2%Trimmed0.8%Added
Wal-mart Stores Inc(WMT)0.5%Added0.2%Added
Analog Devices Inc(ADI)0.4%Added0.2%Trimmed
55024u109(LITE)0.3%Added0.2%Added

and 140 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; Marshall Wace LLP added
  • Nvidia Corp(NVDA)Squarepoint Ops LLC added; Marshall Wace LLP trimmed
  • Micron Technology Inc(MU)Squarepoint Ops LLC trimmed; Marshall Wace LLP added
  • Costco WHSL Corp New(COST)Squarepoint Ops LLC trimmed; Marshall Wace LLP added
  • Morgan Stanley(MS)Squarepoint Ops LLC trimmed; Marshall Wace LLP added
  • Tesla Inc(TSLA)Squarepoint Ops LLC trimmed; Marshall Wace LLP added
  • Taiwan Semiconductor MFG LTD(TSM)Squarepoint Ops LLC added; Marshall Wace LLP trimmed
  • Hilton Worldwide HLDGS Inc(HLT)Squarepoint Ops LLC added; Marshall Wace LLP trimmed
  • Unitedhealth Group Inc(UNH)Squarepoint Ops LLC trimmed; Marshall Wace LLP added
  • Applied Matls Inc(AMAT)Squarepoint Ops LLC added; Marshall Wace LLP trimmed
  • JPMorgan Chase & Co(JPM)Squarepoint Ops LLC trimmed; Marshall Wace LLP added
  • Facebook Inc(META)Squarepoint Ops LLC added; Marshall Wace LLP trimmed
Squarepoint Ops LLC: the recordMarshall Wace LLP: 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