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Funds (13F)

Squarepoint Ops LLC

Backtest from 22 May 2015 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+12.2%
S&P 500 +13.6%
Last 12 months
+11.6%
S&P 500 +12.1%
Sharpe ratio
0.59
S&P 500 0.71
Biggest drop
−36.8%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 201520172019202120232025 $42.9k$37.4k
Squarepoint Ops LLCS&P 500 $10,000 in Squarepoint Ops LLC from 22 May 2015 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Squarepoint Ops LLC's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Squarepoint Ops LLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+12.2%+13.6%
Total return+274%+329%
Last 12 months+11.6%+12.1%
Last 3 months+1.0%—
Last month−2.1%—
This year so far+9.5%—
Volatility a year18.6%16.6%
Sharpe ratio0.590.71
Biggest drop−36.8%−31.8%
Beta to the S&P 5001.081.00
Alpha a year (t-statistic)−1.8% (−1.15)—
Share of weeks up59%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
AMZN2.3%——
NVDA2.1%——
AAPL2.1%——
AMAT1.9%——
MSFT1.8%——
AMD1.5%——
MU1.2%——
TSLA1.2%——
SNDK1.2%——
WMT1.1%——
AVGO0.9%——
ADI0.9%——
CVX0.8%——
KLAC0.8%——
JNJ0.8%——
META0.8%——
ISRG0.7%——
LLY0.7%——
LITE0.7%——
PEP0.7%——
EQIX0.7%——
GS0.7%——
INTU0.6%——
LRCX0.6%——
GILD0.6%——
SPCX0.6%——
MS0.5%——
SNOW0.5%——
MAR0.5%——
PLTR0.5%——
LIN0.5%——
ORLY0.4%——
INTC0.4%——
TSM0.4%——
GOOGL0.4%——
UNH0.4%——
TROW0.4%——
NOW0.4%——
MNST0.4%——
CMG0.4%——
MDT0.4%——
NFLX0.4%——
IDXX0.4%——
CSX0.4%——
ROST0.4%——
WFC0.4%——
NET0.4%——
COR0.4%——
COF0.4%——
ALAB0.4%——
TMUS0.4%——
WULF0.4%——
DVN0.4%——
NSC0.3%——
MCK0.3%——
MPC0.3%——
BE0.3%——
QCOM0.3%——
DHR0.3%——
PPL0.3%——
APH0.3%——
WDC0.3%——
FANG0.3%——
ORCL0.3%——
CI0.3%——
REGN0.3%——
V0.3%——
ACN0.3%——
MRK0.3%——
BA0.3%——
CTAS0.3%——
KVUE0.3%——
WWD0.3%——
FAST0.3%——
ZS0.3%——
COST0.3%——
KMB0.3%——
SMTC0.3%——
NKE0.3%——
LNT0.3%——
RF0.3%——
TJX0.3%——
ITW0.3%——
PWR0.3%——
MUSA0.3%——
DDOG0.3%——
SCCO0.3%——
JBL0.2%——
WEC0.2%——
SYF0.2%——
CNP0.2%——
TER0.2%——
TXN0.2%——
PNW0.2%——
OTIS0.2%——
ABNB0.2%——
ROKU0.2%——
EXC0.2%——
PSX0.2%——
NTRA0.2%——
TEAM0.2%——
CRWD0.2%——
NCLH0.2%——
BBIO0.2%——
CASY0.2%——
SSNC0.2%——
SBUX0.2%——
SHW0.2%——
DHI0.2%——
GH0.2%——
HEI0.2%——
CSCO0.2%——
NOC0.2%——
IBKR0.2%——
TMO0.2%——
GTLB0.2%——
MSCI0.2%——
BKNG0.2%——
VLO0.2%——
CPRT0.2%——
CIEN0.2%——
TLN0.2%——
HOOD0.2%——
PFE0.2%——
ABT0.2%——
HUBS0.2%——
SNA0.2%——
TGT0.2%——
DY0.2%——
AMGN0.2%——
PBF0.2%——
FDX0.2%——
MPWR0.2%——
CTSH0.2%——
KEYS0.2%——
STRL0.2%——
LH0.2%——
HIG0.2%——
ALNY0.2%——
DUK0.2%——
BSX0.2%——
CORZ0.2%——
AFL0.2%——
UBER0.2%——
DLR0.2%——
APLD0.2%——
PINS0.2%——
CME0.2%——
PYPL0.2%——
INSM0.2%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest22 May 2015 to 2 Nov 2026+12.2%+13.6%0.590.71−36.8%1.08−1.8% (−1.15)
2018 onwards5 Jan 2018 to 2 Nov 2026+12.3%+13.9%0.540.66−36.8%1.08−1.9% (−1.03)
Last three years3 Nov 2023 to 2 Nov 2026+19.4%+21.8%0.991.16−17.8%0.97−1.4% (−0.45)
Last year7 Nov 2025 to 2 Nov 2026+13.6%+14.2%0.780.84−8.8%0.88+0.6% (0.10)
DateCompanyAction
21 Aug 2026ZMBought
21 Aug 2026YEXTBought
21 Aug 2026YETIBought
21 Aug 2026XNCRBought
21 Aug 2026XHRBought
21 Aug 2026XFORBought
21 Aug 2026XENEBought
21 Aug 2026XEBought
21 Aug 2026WTMBought
21 Aug 2026WTIBought
21 Aug 2026WTFCBought
21 Aug 2026WSOBought
21 Aug 2026WSFSBought
21 Aug 2026WSEBought
21 Aug 2026WRDBought
21 Aug 2026WRAPBought
21 Aug 2026WPCBought
21 Aug 2026WOOFBought
21 Aug 2026WMKBought
21 Aug 2026WLTHBought
21 Aug 2026WKCBought
21 Aug 2026WIXBought
21 Aug 2026WINGBought
21 Aug 2026WIMIBought
21 Aug 2026WHRBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026ZVRASold
21 Aug 2026ZIPSold
21 Aug 2026ZIONSold
21 Aug 2026ZDSold
21 Aug 2026ZSold
21 Aug 2026YORWSold
21 Aug 2026YMMSold
21 Aug 2026XPERSold
21 Aug 2026XMAXSold
21 Aug 2026WYFISold
21 Aug 2026WWWSold
21 Aug 2026WWSold
21 Aug 2026WLDNSold
21 Aug 2026WGSSold
21 Aug 2026WERNSold
21 Aug 2026WENSold
21 Aug 2026WDSold
21 Aug 2026WAYSold
21 Aug 2026WSold
21 Aug 2026VYXSold
21 Aug 2026VSTMSold
21 Aug 2026VRCASold
21 Aug 2026VOYGSold
21 Aug 2026VIVSold
21 Aug 2026VISNSold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest