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← Verition Fund Management LLC, its record

Verition Fund Management LLC and Squarepoint Ops LLC: where the books meet

At Q2 2026, at least 17% of the two 13F books was the same, across 103 stocks both listed, against 4.8% 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%27%Q4 2014: 4.8%, 48 in bothQ1 2015: 4.9%, 88 in both15Q2 2015: 13%, 129 in bothQ3 2015: 19%, 131 in bothQ4 2015: 13%, 144 in bothQ1 2016: 21%, 196 in both16Q2 2016: 19%, 196 in bothQ3 2016: 16%, 173 in bothQ4 2016: 19%, 202 in bothQ1 2017: 20%, 198 in both17Q2 2017: 15%, 170 in bothQ3 2017: 17%, 182 in bothQ4 2017: 21%, 206 in bothQ1 2018: 22%, 200 in both18Q2 2018: 27%, 236 in bothQ3 2018: 22%, 236 in bothQ4 2018: 18%, 187 in bothQ1 2019: 12%, 170 in both19Q2 2019: 10%, 168 in bothQ3 2019: 7.2%, 130 in bothQ4 2019: 8.6%, 152 in bothQ1 2020: 4.1%, 106 in both20Q2 2020: 9.6%, 135 in bothQ3 2020: 6.5%, 108 in bothQ4 2020: 9.9%, 81 in bothQ1 2021: 4.4%, 43 in both21Q2 2021: 4.2%, 63 in bothQ3 2021: 3.1%, 45 in bothQ4 2021: 4.2%, 53 in bothQ1 2022: 6.0%, 55 in both22Q2 2022: 7.0%, 73 in bothQ3 2022: 7.9%, 88 in bothQ4 2022: 6.1%, 68 in bothQ1 2023: 8.6%, 91 in both23Q2 2023: 8.6%, 83 in bothQ3 2023: 9.3%, 95 in bothQ4 2023: 12%, 87 in bothQ1 2024: 7.9%, 86 in both24Q2 2024: 9.1%, 97 in bothQ3 2024: 8.5%, 99 in bothQ4 2024: 16%, 109 in bothQ1 2025: 17%, 119 in both25Q2 2025: 10%, 112 in bothQ3 2025: 14%, 116 in bothQ4 2025: 18%, 129 in bothQ1 2026: 12%, 118 in both26Q2 2026: 17%, 103 in both
  • Q4 2014: 4.8%, 48 in both
  • Q1 2015: 4.9%, 88 in both
  • Q2 2015: 13%, 129 in both
  • Q3 2015: 19%, 131 in both
  • Q4 2015: 13%, 144 in both
  • Q1 2016: 21%, 196 in both
  • Q2 2016: 19%, 196 in both
  • Q3 2016: 16%, 173 in both
  • Q4 2016: 19%, 202 in both
  • Q1 2017: 20%, 198 in both
  • Q2 2017: 15%, 170 in both
  • Q3 2017: 17%, 182 in both
  • Q4 2017: 21%, 206 in both
  • Q1 2018: 22%, 200 in both
  • Q2 2018: 27%, 236 in both
  • Q3 2018: 22%, 236 in both
  • Q4 2018: 18%, 187 in both
  • Q1 2019: 12%, 170 in both
  • Q2 2019: 10%, 168 in both
  • Q3 2019: 7.2%, 130 in both
  • Q4 2019: 8.6%, 152 in both
  • Q1 2020: 4.1%, 106 in both
  • Q2 2020: 9.6%, 135 in both
  • Q3 2020: 6.5%, 108 in both
  • Q4 2020: 9.9%, 81 in both
  • Q1 2021: 4.4%, 43 in both
  • Q2 2021: 4.2%, 63 in both
  • Q3 2021: 3.1%, 45 in both
  • Q4 2021: 4.2%, 53 in both
  • Q1 2022: 6.0%, 55 in both
  • Q2 2022: 7.0%, 73 in both
  • Q3 2022: 7.9%, 88 in both
  • Q4 2022: 6.1%, 68 in both
  • Q1 2023: 8.6%, 91 in both
  • Q2 2023: 8.6%, 83 in both
  • Q3 2023: 9.3%, 95 in both
  • Q4 2023: 12%, 87 in both
  • Q1 2024: 7.9%, 86 in both
  • Q2 2024: 9.1%, 97 in both
  • Q3 2024: 8.5%, 99 in both
  • Q4 2024: 16%, 109 in both
  • Q1 2025: 17%, 119 in both
  • Q2 2025: 10%, 112 in both
  • Q3 2025: 14%, 116 in both
  • Q4 2025: 18%, 129 in both
  • Q1 2026: 12%, 118 in both
  • Q2 2026: 17%, 103 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.

StockVerition Fund Management LLCSquarepoint Ops LLC
iShares Trust(IVV)7.1%Added6.6%Trimmed
Spdr S&P 500 Etf Trust(SPY)3.5%Added1.0%Added
Micron Technology Inc(MU)0.8%Added0.6%Trimmed
Amazon Com Inc(AMZN)0.4%Added1.0%Added
Advanced Micro Devices Inc(AMD)0.3%Added0.7%Added
512807306(LRCX)0.2%Added0.3%Trimmed
Johnson & Johnson(JNJ)0.2%Added0.3%Added
Taiwan Semiconductor MFG LTD(TSM)0.3%Added0.2%Added
Alphabet Inc(GOOGL)0.4%Added0.2%Trimmed
Equinix Inc(EQIX)0.2%Added0.3%Added
Applied Matls Inc(AMAT)0.2%Trimmed0.8%Added
Nvidia Corp(NVDA)0.2%Trimmed0.9%Added
Facebook Inc(META)0.2%Added0.3%Added
Microsoft Corp(MSFT)0.2%Added0.8%Trimmed
O Reilly Automotive Inc New(ORLY)0.2%Trimmed0.2%Trimmed
Electronic Arts Inc(EA)1.1%Added0.2%Trimmed
Wells Fargo & Co New(WFC)0.2%Added0.2%Added
Norfolk Southern Corp(NSC)1.2%Added0.2%Trimmed
Apple Inc(AAPL)0.2%Trimmed0.9%Added
PPL Corp(PPL)0.2%Added0.1%Added

and 83 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)Verition Fund Management LLC added; Squarepoint Ops LLC trimmed
  • Nvidia Corp(NVDA)Verition Fund Management LLC trimmed; Squarepoint Ops LLC added
  • Apple Inc(AAPL)Verition Fund Management LLC trimmed; Squarepoint Ops LLC added
  • Applied Matls Inc(AMAT)Verition Fund Management LLC trimmed; Squarepoint Ops LLC added
  • Microsoft Corp(MSFT)Verition Fund Management LLC added; Squarepoint Ops LLC trimmed
  • Micron Technology Inc(MU)Verition Fund Management LLC added; Squarepoint Ops LLC trimmed
  • Broadcom Inc(AVGO)Verition Fund Management LLC added; Squarepoint Ops LLC trimmed
  • 55024u109(LITE)Verition Fund Management LLC trimmed; Squarepoint Ops LLC added
  • Norfolk Southern Corp(NSC)Verition Fund Management LLC added; Squarepoint Ops LLC trimmed
  • 512807306(LRCX)Verition Fund Management LLC added; Squarepoint Ops LLC trimmed
  • Electronic Arts Inc(EA)Verition Fund Management LLC added; Squarepoint Ops LLC trimmed
  • Snowflake Inc(SNOW)Verition Fund Management LLC added; Squarepoint Ops LLC trimmed
Verition Fund Management LLC: the recordSquarepoint Ops LLC: the record

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