Quadratic Capital Management LLC
Long book
$383.3M
Q1 2026
Positions
2
Top-10 weight
100%
concentration
Last quarter
+0.1%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsQuadratic Capital Management LLC is a wealth-management firm allocating client money, running a $383.3M US long book across 2 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SCHWAB U.S. TIPS ETF, VANGUARD LONG-TERM TREASURY.
Over the last 9 quarters its long book ran on average 3.5pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.7%
Q2 2024
+4.3%
Q3 2024
-3.0%
Q4 2024
+4.2%
Q1 2025
+0.4%
Q2 2025
+2.1%
Q3 2025
-0.1%
Q4 2025
+0.4%
Q1 2026
+0.1%
Sector allocation
No sector data
Long book by quarter
What does Quadratic Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 10, 2026 | 2 | $383.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 13, 2026 | 2 | $391.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 10, 2025 | 2 | $323.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 11, 2025 | 2 | $245.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 10, 2025 | 2 | $388.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 13, 2025 | 2 | $377.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 10, 2024 | 2 | $631.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 12, 2024 | 2 | $546.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 10, 2024 | 2 | $663.2M | canonical | SEC ↗ |