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← Squarepoint Ops LLC, its record

Squarepoint Ops LLC and Neuberger Berman Group LLC: where the books meet

At Q2 2026, at least 23% of the two 13F books was the same, across 161 stocks both listed, against 16% 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%13%26%Q4 2014: 16%, 76 in bothQ1 2015: 16%, 112 in both15Q2 2015: 13%, 107 in bothQ3 2015: 13%, 97 in bothQ4 2015: 17%, 150 in bothQ1 2016: 24%, 178 in both16Q2 2016: 20%, 164 in bothQ3 2016: 20%, 155 in bothQ4 2016: 20%, 171 in bothQ1 2017: 21%, 172 in both17Q2 2017: 21%, 168 in bothQ3 2017: 21%, 160 in bothQ4 2017: 18%, 164 in bothQ1 2018: 22%, 188 in both18Q2 2018: 21%, 175 in bothQ3 2018: 21%, 175 in bothQ4 2018: 21%, 176 in bothQ1 2019: 21%, 171 in both19Q2 2019: 21%, 169 in bothQ3 2019: 20%, 174 in bothQ4 2019: 17%, 179 in bothQ1 2020: 20%, 156 in both20Q2 2020: 22%, 181 in bothQ3 2020: 24%, 180 in bothQ4 2020: 26%, 178 in bothQ1 2021: 19%, 152 in both21Q2 2021: 15%, 151 in bothQ3 2021: 13%, 132 in bothQ4 2021: 13%, 142 in bothQ1 2022: 16%, 143 in both22Q2 2022: 17%, 145 in bothQ3 2022: 16%, 140 in bothQ4 2022: 20%, 156 in bothQ1 2023: 17%, 133 in both23Q2 2023: 19%, 139 in bothQ3 2023: 17%, 128 in bothQ4 2023: 15%, 116 in bothQ1 2024: 14%, 119 in both24Q2 2024: 13%, 121 in bothQ3 2024: 13%, 124 in bothQ4 2024: 16%, 123 in bothQ1 2025: 19%, 137 in both25Q2 2025: 19%, 131 in bothQ3 2025: 19%, 147 in bothQ4 2025: 20%, 154 in bothQ1 2026: 22%, 161 in both26Q2 2026: 23%, 161 in both
  • Q4 2014: 16%, 76 in both
  • Q1 2015: 16%, 112 in both
  • Q2 2015: 13%, 107 in both
  • Q3 2015: 13%, 97 in both
  • Q4 2015: 17%, 150 in both
  • Q1 2016: 24%, 178 in both
  • Q2 2016: 20%, 164 in both
  • Q3 2016: 20%, 155 in both
  • Q4 2016: 20%, 171 in both
  • Q1 2017: 21%, 172 in both
  • Q2 2017: 21%, 168 in both
  • Q3 2017: 21%, 160 in both
  • Q4 2017: 18%, 164 in both
  • Q1 2018: 22%, 188 in both
  • Q2 2018: 21%, 175 in both
  • Q3 2018: 21%, 175 in both
  • Q4 2018: 21%, 176 in both
  • Q1 2019: 21%, 171 in both
  • Q2 2019: 21%, 169 in both
  • Q3 2019: 20%, 174 in both
  • Q4 2019: 17%, 179 in both
  • Q1 2020: 20%, 156 in both
  • Q2 2020: 22%, 181 in both
  • Q3 2020: 24%, 180 in both
  • Q4 2020: 26%, 178 in both
  • Q1 2021: 19%, 152 in both
  • Q2 2021: 15%, 151 in both
  • Q3 2021: 13%, 132 in both
  • Q4 2021: 13%, 142 in both
  • Q1 2022: 16%, 143 in both
  • Q2 2022: 17%, 145 in both
  • Q3 2022: 16%, 140 in both
  • Q4 2022: 20%, 156 in both
  • Q1 2023: 17%, 133 in both
  • Q2 2023: 19%, 139 in both
  • Q3 2023: 17%, 128 in both
  • Q4 2023: 15%, 116 in both
  • Q1 2024: 14%, 119 in both
  • Q2 2024: 13%, 121 in both
  • Q3 2024: 13%, 124 in both
  • Q4 2024: 16%, 123 in both
  • Q1 2025: 19%, 137 in both
  • Q2 2025: 19%, 131 in both
  • Q3 2025: 19%, 147 in both
  • Q4 2025: 20%, 154 in both
  • Q1 2026: 22%, 161 in both
  • Q2 2026: 23%, 161 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 LLCNeuberger Berman Group LLC
iShares Trust(IVV)6.6%Trimmed1.3%Added
Amazon Com Inc(AMZN)1.0%Added3.1%Added
Nvidia Corp(NVDA)0.9%Added4.1%Added
Apple Inc(AAPL)0.9%Added3.3%Added
Microsoft Corp(MSFT)0.8%Trimmed2.6%Trimmed
Advanced Micro Devices Inc(AMD)0.7%Added0.6%Trimmed
Applied Matls Inc(AMAT)0.8%Added0.6%Added
Micron Technology Inc(MU)0.6%Trimmed0.7%Trimmed
Broadcom Inc(AVGO)0.4%Trimmed1.0%Trimmed
Analog Devices Inc(ADI)0.4%Added0.8%Added
Exxon Mobil Corp(XOM)0.4%Added0.6%Trimmed
Wal-mart Stores Inc(WMT)0.5%Added0.4%Added
Johnson & Johnson(JNJ)0.3%Added0.7%Added
Facebook Inc(META)0.3%Added0.9%Added
Chevron Corp New(CVX)0.4%Added0.3%Trimmed
Berkshire Hathaway Inc Del(BRK-B)0.3%Added0.6%Added
Lilly Eli & Co(LLY)0.3%Trimmed1.4%Trimmed
SanDisk Corp(SNDK)0.5%Trimmed0.3%Trimmed
Lam Research Corp(LRCX)0.3%Trimmed0.5%Added
Goldman Sachs Group Inc(GS)0.3%Trimmed0.2%Added

and 141 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; Neuberger Berman Group LLC added
  • Alphabet Inc(GOOGL)Squarepoint Ops LLC trimmed; Neuberger Berman Group LLC added
  • Alphabet Inc(GOOG)Squarepoint Ops LLC trimmed; Neuberger Berman Group LLC added
  • JPMorgan Chase & Co(JPM)Squarepoint Ops LLC trimmed; Neuberger Berman Group LLC added
  • Intel Corp(INTC)Squarepoint Ops LLC added; Neuberger Berman Group LLC trimmed
  • Advanced Micro Devices Inc(AMD)Squarepoint Ops LLC added; Neuberger Berman Group LLC trimmed
  • Exxon Mobil Corp(XOM)Squarepoint Ops LLC added; Neuberger Berman Group LLC trimmed
  • Lam Research Corp(LRCX)Squarepoint Ops LLC trimmed; Neuberger Berman Group LLC added
  • Cisco Sys Inc(CSCO)Squarepoint Ops LLC added; Neuberger Berman Group LLC trimmed
  • Eaton Corp PLC(ETN)Squarepoint Ops LLC added; Neuberger Berman Group LLC trimmed
  • Oracle Corp(ORCL)Squarepoint Ops LLC added; Neuberger Berman Group LLC trimmed
  • Taiwan Semiconductor MFG LTD(TSM)Squarepoint Ops LLC added; Neuberger Berman Group LLC trimmed
Squarepoint Ops LLC: the recordNeuberger Berman Group LLC: the record

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