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Hedge fund

Quadrature Capital Ltd

13F for the quarter to June 30, 2026, filed August 7, 2026 · SEC CIK 1651424

Reported value
$11.7bn
76% in companies we cover
Positions we cover
1,266
Largest AMD 3.8%
Copy, a year
+59.4%
S&P 500 +14.8%
Copy Sharpe ratio
0.73
S&P 500 0.28

How copying its 13F would have done

$10.0k$20.0k$40.0k$80.0k$160k 2020202120222023202420252026 $178k$23.5k
CopyS&P 500 $10,000 copying Quadrature Capital Ltd's filed holdings in companies we cover from August 28, 2020, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −35.8% (S&P 500 −40.7%); beta 0.61; alpha +19.5% a year (t = 2.50); last 12 months +10.8% against +12.1%.

Reported value by quarter

Quadrature Capital Ltd: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $100B $200B $300B Reported value, 2015-09-30: $541K Reported value, 2015-12-31: $1.7M Reported value, 2016-03-31: $1.8M Reported value, 2016-06-30: $1.2M Reported value, 2016-09-30: $2.9M Reported value, 2016-12-31: $1.1M Reported value, 2017-03-31: $515.8M Reported value, 2017-06-30: $3.1M Reported value, 2017-09-30: $6.2B Reported value, 2017-12-31: $5.4B Reported value, 2018-03-31: $4.7B Reported value, 2018-06-30: $2.8B Reported value, 2018-09-30: $24.1B Reported value, 2018-12-31: $6.4B Reported value, 2019-03-31: $7.2B Reported value, 2019-06-30: $2.2B Reported value, 2019-09-30: $3.2M Reported value, 2019-12-31: $234B Reported value, 2020-03-31: $60.6B Reported value, 2020-06-30: $32.3B Reported value, 2020-09-30: $35.7B Reported value, 2020-12-31: $37B Reported value, 2021-03-31: $48.8B Reported value, 2021-06-30: $68.8B Reported value, 2021-09-30: $53.9B Reported value, 2021-12-31: $57.4B Reported value, 2022-03-31: $92.5B Reported value, 2022-06-30: $62.3B Reported value, 2022-09-30: $203.9B Reported value, 2022-12-31: $142.5B Reported value, 2023-03-31: $219.5M Reported value, 2023-06-30: $207.3M Reported value, 2023-09-30: $146.2M Reported value, 2023-12-31: $204.6M Reported value, 2024-03-31: $5.9B Reported value, 2024-06-30: $6B Reported value, 2024-09-30: $4.4B Reported value, 2024-12-31: $5B Reported value, 2025-03-31: $4.5B Reported value, 2025-06-30: $5.8B Reported value, 2025-09-30: $8.5B Reported value, 2025-12-31: $9.8B Reported value, 2026-03-31: $8.4B Reported value, 2026-06-30: $11.7B 2015-09-30 2017-12-31 2020-03-31 2022-06-30 2024-09-30 2026-06-30 $11.7B
View chart data
Period Reported value
2015-09-30 $541K
2015-12-31 $1.7M
2016-03-31 $1.8M
2016-06-30 $1.2M
2016-09-30 $2.9M
2016-12-31 $1.1M
2017-03-31 $515.8M
2017-06-30 $3.1M
2017-09-30 $6.2B
2017-12-31 $5.4B
2018-03-31 $4.7B
2018-06-30 $2.8B
2018-09-30 $24.1B
2018-12-31 $6.4B
2019-03-31 $7.2B
2019-06-30 $2.2B
2019-09-30 $3.2M
2019-12-31 $234B
2020-03-31 $60.6B
2020-06-30 $32.3B
2020-09-30 $35.7B
2020-12-31 $37B
2021-03-31 $48.8B
2021-06-30 $68.8B
2021-09-30 $53.9B
2021-12-31 $57.4B
2022-03-31 $92.5B
2022-06-30 $62.3B
2022-09-30 $203.9B
2022-12-31 $142.5B
2023-03-31 $219.5M
2023-06-30 $207.3M
2023-09-30 $146.2M
2023-12-31 $204.6M
2024-03-31 $5.9B
2024-06-30 $6B
2024-09-30 $4.4B
2024-12-31 $5B
2025-03-31 $4.5B
2025-06-30 $5.8B
2025-09-30 $8.5B
2025-12-31 $9.8B
2026-03-31 $8.4B
2026-06-30 $11.7B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
AMDAdvanced Micro Devices3.77%$440.2m757.7K−17.3% Reduced
INTCIntel3.57%$416.9m2.99M+7.2% Added
ASMLAsml Holding NV3.36%$392.8m197.4K−5.0% Reduced
STXSeagate Technology2.59%$302.6m313.5K+221.3% Added
AMZNAmazon2.19%$255.7m1.07M+24.0% Added
SUSuncor Energy Inc1.93%$225.8m4.20M+530.1% Added
LITELumentum1.90%$221.4m258.1K+1458.2% Added
ENBEnbridge Inc1.64%$191.2m3.53MNew
RACEFerrari N.V.1.61%$188.4m508.1K+135.2% Added
DELLDell Technologies1.53%$178.6m413.9K+435.1% Added
SNDKSandisk1.23%$143.7m63.2K−78.7% Reduced
INTUIntuit1.15%$133.9m513.2K+3706.4% Added
AEMAgnico Eagle Mines LTD1.02%$118.9m765.6KNew
PLTRPalantir Technologies Inc.1.00%$117.2m1.00M+327.6% Added
CMECME Group0.99%$115.2m521.6K+500.1% Added
WDCWestern Digital0.97%$113.9m178.3K−49.8% Reduced
JPMJPMorgan Chase0.96%$112.3m343.1K+229.9% Added
BNSBank Of Nova Scotia0.94%$109.7m1.26M+2.6% Added
TSMTaiwan Semiconductor Manufacturing Co LTD0.91%$106.3m222.6KNew
MSTRStrategy Inc0.85%$99.9m1.15M+174.0% Added
ORCLOracle Corporation0.82%$96.1m655.9K+26.9% Added
NVDANVIDIA Corporation0.81%$94.9m474.3KNew
TXNTexas Instruments0.80%$93.0m311.9KNew
QCOMQualcomm0.78%$91.2m493.7KNew
LLYLilly (Eli)0.78%$90.9m75.8K+13.1% Added
SMCISupermicro0.75%$87.7m2.99M+305.5% Added
CLSCelestica Inc0.71%$83.5m229.1K+47.4% Added
MELIMercadolibre Inc0.70%$82.3m48.5KNew
ACNAccenture0.68%$79.8m641.3K+76.1% Added
ADBEAdobe Inc.0.67%$78.1m380.9K+163.1% Added
UALUnited Airlines Holdings0.59%$69.4m510.3KNew
HPEHewlett Packard Enterprise0.59%$68.9m1.53M+2162.3% Added
UNHUnitedHealth Group0.58%$67.5m162.5K−82.7% Reduced
MPWRMonolithic Power Systems, Inc.0.53%$62.2m45.0KNew
MSMorgan Stanley0.47%$54.9m262.7K−28.7% Reduced
ABBVAbbVie0.46%$53.6m212.9KNew
BAMBrookfield Asset Management Ltd.0.45%$52.6m1.17M+107.1% Added
TUTelus Corp0.44%$51.6m4.88MNew
FDXFedEx0.43%$50.5m161.2K+184.4% Added
CRDOCredo Technology Group Holding Ltd0.42%$49.5m182.1KNew
FTSFortis Inc.0.42%$48.7m851.2K+148.1% Added
BLKBlackRock0.39%$46.0m47.8K−9.3% Reduced
WFCWells Fargo0.39%$45.3m547.9K+789.6% Added
CRCLCircle Internet Group, Inc.0.38%$44.9m717.1K−54.1% Reduced
SLFSUN Life Financial Inc0.38%$44.6m568.3K+202.0% Added
AALAmerican Airlines Group Inc.0.38%$44.0m2.44M+157.4% Added
FNFabrinet0.35%$40.4m71.9KNew
GEGE Aerospace0.33%$39.0m104.4K−40.5% Reduced
ICEIntercontinental Exchange0.33%$38.5m313.1KNew
ZTSZoetis0.33%$38.5m536.3K+534.5% Added
RDDTReddit, Inc.0.32%$36.9m212.5KNew
SCHWCharles Schwab Corporation0.31%$36.7m398.0K+706.9% Added
TRIThomson Reuters Corp0.31%$36.4m446.1KNew
DALDelta Air Lines0.31%$36.2m386.3KNew
BSXBoston Scientific0.30%$35.5m830.7K+24.0% Added
BABAAlibaba Group Holding Ltd0.30%$35.4m369.2KNew
COHRCoherent Corp.0.29%$34.2m86.8KNew
MARAMara Holdings, Inc.0.28%$33.2m2.39M+10271.4% Added
SMTCSemtech Corp0.28%$33.1m204.5KNew
AXONAxon Enterprise0.28%$32.9m58.8KNew
CCJCameco Corp0.28%$32.4m318.1K−45.5% Reduced
WPMWheaton Precious Metals Corp.0.28%$32.3m287.3K+216.4% Added
MGAMagna International Inc0.27%$31.1m473.8K+134.8% Added
URIUnited Rentals0.26%$30.7m27.1KNew
REGNRegeneron Pharmaceuticals0.26%$30.6m49.1K+163.8% Added
AZNAstrazeneca PLC0.26%$29.9m157.5K+2249.5% Added
MFCManulife Financial Corp0.23%$27.1m669.0K−71.8% Reduced
NFLXNetflix0.23%$27.0m377.5KNew
GSGoldman Sachs0.23%$26.8m26.5K+25.1% Added
CIENCiena0.22%$26.1m53.3KNew
NVONovo Nordisk A S0.21%$25.0m522.3K−49.2% Reduced
PEPPepsiCo0.21%$25.0m184.7KNew
BMOBank Of Montreal0.21%$24.0m136.0K+1125.2% Added
SAPSAP SE0.20%$23.6m153.1K−86.7% Reduced
PFEPfizer0.20%$23.6m978.9K−64.9% Reduced
VRTXVertex Pharmaceuticals0.20%$23.3m46.9KNew
UPSUnited Parcel Service0.19%$22.2m206.8K+220.8% Added
NTRANatera, Inc.0.19%$21.7m80.0KNew
NKENike, Inc.0.18%$21.5m523.0KNew
MCKMcKesson0.18%$20.9m27.7KNew
VSTVistra Corp.0.17%$20.3m127.8K+5.2% Added
HBMHudbay Minerals Inc.0.17%$19.3m818.1K+49.4% Added
NEENextEra Energy0.16%$18.9m215.3K+11.3% Added
FNVFranco Nevada Corp0.15%$17.6m84.2KNew
EROEro Copper Corp.0.15%$17.5m654.0KNew
MMM3M0.15%$17.4m107.4K+1089.2% Added
RVMDRevolution Medicines, Inc.0.15%$17.4m92.7K+456.3% Added
AUAnglogold Ashanti PLC0.15%$17.3m213.3K+8.8% Added
LMTLockheed Martin0.14%$16.5m32.4K−68.0% Reduced
ZSZscaler, Inc.0.14%$16.4m116.5K+98.7% Added
RBLXRoblox Corp0.14%$16.3m299.3KNew
ORLYO'Reilly Automotive0.13%$15.7m170.5KNew
BABoeing0.13%$15.5m71.5K−55.6% Reduced
BACBank of America0.13%$15.1m264.4KNew
PRIMPrimoris Services Corp0.13%$14.9m150.2K+3772.6% Added
ABTAbbott Laboratories0.13%$14.6m160.4K−49.1% Reduced
STNStantec Inc0.11%$13.4m193.7K+67.7% Added
PSXPhillips 660.11%$13.4m79.0K+14.8% Added
AEPAmerican Electric Power0.11%$12.9m94.6K+713.7% Added
LHXL3Harris0.11%$12.5m43.2K+245.6% Added
PDSPrecision Drilling Corp0.11%$12.5m163.1K+128.8% Added
NEMNewmont0.11%$12.4m132.9K−18.0% Reduced
AEISAdvanced Energy Industries Inc0.10%$12.2m32.6KNew
AEEAmeren0.10%$12.0m105.9K+428.7% Added
KRKroger0.10%$11.9m214.0K+1296.4% Added
FOXAFox Corporation (Class A)0.10%$11.6m222.7KNew
TGTTarget Corporation0.10%$11.4m87.1K−66.3% Reduced
WDAYWorkday, Inc.0.10%$11.3m92.5K+215.7% Added
CHTRCharter Communications0.09%$10.5m73.9KNew
ISRGIntuitive Surgical0.09%$10.5m26.3KNew
HNGEHinge Health, Inc.0.09%$10.4m125.6KNew
IRENIREN Ltd0.09%$10.4m227.2KNew
WWDWoodward, Inc.0.09%$10.4m24.4K+948.5% Added
NOCNorthrop Grumman0.09%$10.3m20.1KNew
VIAVViavi Solutions Inc.0.09%$10.3m214.8KNew
CAECAE Inc0.09%$10.2m409.5KNew
MEOHMethanex Corp0.09%$10.2m221.9K+492.3% Added
FCXFreeport-McMoRan0.09%$10.2m161.9K+5.3% Added
MSMMSC Industrial Direct Co Inc0.09%$10.1m85.3KNew
AMBAAmbarella Inc0.09%$10.1m117.7KNew
SNPSSynopsys Inc0.09%$10.0m22.4KNew
EMAEmera Inc0.08%$9.7m182.6K+225.3% Added
SANMSanmina Corp0.08%$9.7m38.2K+282.3% Added
ESLTElbit Systems LTD0.08%$9.6m12.7K+19.9% Added
GHGuardant Health, Inc.0.08%$9.5m63.2KNew
UTHRUnited Therapeutics Corp0.08%$9.4m17.4K+389.7% Added
LYVLive Nation Entertainment0.08%$9.4m51.1KNew
BNYBNY Mellon0.08%$9.2m63.5KNew
AYIAcuity Inc. (de)0.08%$9.1m24.2K+166.7% Added
VVisa Inc.0.08%$9.0m26.4K−64.5% Reduced
UNPUnion Pacific Corporation0.08%$9.0m32.9KNew
FPSForgent Power Solutions, Inc.0.08%$8.9m159.9KNew
PGRProgressive Corporation0.07%$8.8m40.2K−75.5% Reduced
VRSKVerisk Analytics, Inc.0.07%$8.5m47.3K+610.5% Added
LOPEGrand Canyon Education, Inc.0.07%$8.5m59.2K+368.5% Added
PPLPPL Corporation0.07%$8.4m232.2K+492.0% Added
GDGeneral Dynamics0.07%$8.4m23.7K+1.1% Added
XYZBlock, Inc.0.07%$8.4m110.2K+50.9% Added
DHID. R. Horton0.07%$8.3m51.2K−73.9% Reduced
ONCBeone Medicines Ltd.0.07%$8.3m29.2KNew
CTSHCognizant0.07%$8.2m212.7K+840.3% Added
RIOTRiot Platforms, Inc.0.07%$8.2m298.9K+642.7% Added
COINCoinbase0.07%$8.0m55.0K−65.8% Reduced
ATOAtmos Energy0.07%$8.0m46.2K+428.5% Added
SOSouthern Company0.07%$7.9m82.9K−26.5% Reduced
MXLMaxlinear, Inc0.07%$7.9m61.9KNew
MTDMettler Toledo0.07%$7.8m6.1KNew
TMOThermo Fisher Scientific0.07%$7.7m15.4KNew
TKOTKO Group Holdings0.07%$7.6m37.5KNew
AMPAmeriprise Financial0.06%$7.5m16.4KNew
CompanyBought (value)Shares
STXSeagate Technology$208.4m216.0K
LITELumentum$207.2m241.5K
ENBEnbridge Inc$191.2m3.53M
SUSuncor Energy Inc$190.0m3.53M
DELLDell Technologies$145.2m336.6K
INTUIntuit$130.4m499.7K
AEMAgnico Eagle Mines LTD$118.9m765.6K
RACEFerrari N.V.$108.3m292.1K
TSMTaiwan Semiconductor Manufacturing Co LTD$106.3m222.6K
CMECME Group$96.0m434.6K
NVDANVIDIA Corporation$94.9m474.3K
TXNTexas Instruments$93.0m311.9K
QCOMQualcomm$91.2m493.7K
PLTRPalantir Technologies Inc.$89.8m769.5K
MELIMercadolibre Inc$82.3m48.5K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
SNDKSandisk−$530.3m−233.2K
UNHUnitedHealth Group−$323.0m−777.2K
MUMicron Technology−$194.5m−575.6K
TSLATesla, Inc.−$181.8m−489.0K
MSFTMicrosoft Corporation−$153.6m−411.9K
SAPSAP SE−$153.2m−994.3K
CRWDCrowdStrike−$126.6m−324.3K
TDToronto Dominion Bank−$119.9m−1.29M
WDCWestern Digital−$112.8m−176.7K
CVXChevron Corporation−$98.0m−473.5K
AMDAdvanced Micro Devices−$92.1m−158.6K
BCEBCE Inc−$81.9m−3.26M
MFCManulife Financial Corp−$69.1m−1.70M
AVGOBroadcom−$58.5m−188.9K
CRCLCircle Internet Group, Inc.−$53.0m−845.6K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
MUMicron Technology$194.5m575.6K
TSLATesla, Inc.$181.8m489.0K
CRWDCrowdStrike$126.6m324.3K
TDToronto Dominion Bank$119.9m1.29M
CVXChevron Corporation$98.0m473.5K
BCEBCE Inc$81.9m3.26M
AVGOBroadcom$58.5m188.9K
ADPAutomatic Data Processing$45.9m225.8K
LRCXLam Research$41.0m191.9K
NTRNutrien Ltd.$40.9m544.1K
VZVerizon$39.9m794.5K
AKAMAkamai Technologies$35.9m313.0K
MAMastercard$35.7m71.5K
AXPAmerican Express$34.5m114.0K
RTXRTX Corporation$29.8m154.5K
AZOAutoZone$28.2m8.3K
RYRoyal Bank Of Canada$27.5m170.8K
NOWServiceNow$27.2m260.2K
EXEExpand Energy$26.2m238.7K
CCitigroup$24.6m217.0K
HOODRobinhood Markets$24.4m352.5K
OXYOccidental Petroleum$22.8m350.2K
DISThe Walt Disney Company$21.2m219.8K
OVVOvintiv Inc.$20.7m349.9K
KKRKKR & Co.$19.5m210.5K
AAPLApple Inc.$18.6m73.2K
MRVLMarvell Technology$17.4m175.5K
RIGTransocean Ltd.$17.2m2.59M
AMGNAmgen$16.0m45.6K
DOCNDigitalocean Holdings, Inc.$15.9m185.7K
  • Technology46.0%
  • Financials11.5%
  • Industrials9.8%
  • Health Care8.4%
  • Consumer Discretionary7.7%
  • Energy6.3%
  • Materials4.0%
  • Communication Services2.5%
  • Utilities2.3%
  • Consumer Staples1.1%
  • Real Estate0.6%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 28, 2020 to November 2, 2026+59.4%+14.8%0.730.28−35.8%0.61
Last three yearsNovember 3, 2023 to November 2, 2026+80.7%+21.8%0.640.24−33.2%0.45
Last yearNovember 7, 2025 to November 2, 2026+14.9%+14.2%0.620.84−10.9%1.34

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.