Qube Research & Technologies Ltd

Quant stat arb Low signal CIK 1729829
League rank
#69
in Quant stat arb · #1705 overall
Long book
$70.39B
Q1 2026
Positions
2664
Top-10 weight
10%
concentration
Last quarter
+14.7%
SPY +14.8%
Turnover
40%
of book per quarter

Strategy in plain words

auto-generated from filings

Qube Research & Technologies Ltd is a quantitative fund whose holdings reflect models, not opinions, running a $70.39B US long book across 2664 positions.

The portfolio is broadly diversified across 2664 positions (top 10 only 10%). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: APPLE INC, MICROSOFT CORP, MICRON TECHNOLOGY INC, JPMORGAN CHASE & CO, ELI LILLY & CO.

Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-0.9%
Q2 2024
+7.1%
Q3 2024
-0.1%
Q4 2024
-1.1%
Q1 2025
+10.4%
Q2 2025
+5.1%
Q3 2025
+1.7%
Q4 2025
-0.4%
Q1 2026
+14.7%

Sector allocation

Technology
22%
Industrials
17%
Financials
17%
Healthcare
9%
Consumer discretionary
8%
Other
6%
Utilities
6%
Services media
5%

Long book by quarter

$55.32B
Q1 2024
$54.16B
Q2 2024
$54.61B
Q3 2024
$61.19B
Q4 2024
$64.44B
Q1 2025
$72.03B
Q2 2025
$70.65B
Q3 2025
$69.81B
Q4 2025
$70.39B
Q1 2026

What does Qube Research own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AAPL APPLE INCTechnology5.5M$1.40B2.0%+49.6%
MSFT MICROSOFT CORPTechnology2.4M$893.4M1.3%+42.2%
MU MICRON TECHNOLOGY INCTechnology2.2M$741.9M1.1%+79.0%
JPM JPMORGAN CHASE & COFinancials2.5M$725.9M1.0%+113.4%
LLY ELI LILLY & COHealthcare715.1K$657.7M0.9%+264.6%
GOOGL ALPHABET INC-CL ATechnology2.2M$627.4M0.9%-14.5%
AMZN AMAZON.COM INCConsumer discretionary2.9M$612.2M0.9%-43.4%
GOOG ALPHABET INC-CL CTechnology2.1M$589.7M0.8%+8.1%
AVGO BROADCOM INCTechnology1.9M$579.6M0.8%-27.5%
SNDK SANDISK CORPTechnology844.2K$536.4M0.8%-22.0%
V VISA INC-CLASS A SHARESServices media1.7M$501.0M0.7%-1.9%
MRVL MARVELL TECHNOLOGY INCTechnology4.4M$435.9M0.6%+45.9%
META META PLATFORMS INC-CLASS ATechnology748.9K$428.5M0.6%+22262.9%
WBD WARNER BROS DISCOVERY INCCommunications15.3M$420.8M0.6%+149.4%
CVX CHEVRON CORPEnergy2.0M$418.8M0.6%+283.1%
PH PARKER HANNIFIN CORPIndustrials465.3K$416.5M0.6%+362.1%
GE GENERAL ELECTRICIndustrials1.4M$404.8M0.6%+236.4%
BAC BANK OF AMERICA CORPFinancials8.2M$399.9M0.6%+25.7%
GM GENERAL MOTORS COIndustrials5.3M$398.3M0.6%+240.1%
COF CAPITAL ONE FINANCIAL CORPFinancials2.2M$395.5M0.6%+107.3%
LMT LOCKHEED MARTIN CORPIndustrials649.8K$392.8M0.6%+2734.4%
C CITIGROUP INCFinancials3.2M$362.4M0.5%+230.4%
NVDA NVIDIA CORPTechnology2.0M$355.4M0.5%-69.5%
BSX BOSTON SCIENTIFIC CORPHealthcare5.6M$349.5M0.5%+1.2%
TPR TAPESTRY INCOther2.4M$342.8M0.5%-0.2%
NEM NEWMONT CORPMaterials3.0M$329.8M0.5%+243.1%
APH AMPHENOL CORP-CL ATechnology2.5M$322.2M0.5%+316.7%
FDX FEDEX CORPIndustrials869.4K$309.7M0.4%+2200.8%
AME AMETEK INCTechnology1.4M$308.2M0.4%+28.2%
HON HONEYWELL INTERNATIONAL INCIndustrials1.4M$306.0M0.4%-50.9%
LNG CHENIERE ENERGY INCUtilities1.1M$301.4M0.4%-26.5%
TJX TJX COMPANIES INCConsumer discretionary1.9M$301.0M0.4%-47.9%
UBS UBS GROUP AG-REGFinancials7.6M$292.9M0.4%+256.7%
EXE EXPAND ENERGY CORPEnergy2.7M$291.6M0.4%+191.5%
FTI TECHNIPFMC PLCIndustrials4.2M$287.2M0.4%+77.2%
MMM 3M COHealthcare2.0M$285.1M0.4%+77.8%
FERG FERGUSON ENTERPRISES INCConsumer discretionary1.2M$282.2M0.4%+13.0%
WMB WILLIAMS COS INCUtilities3.8M$279.8M0.4%New
ALNY ALNYLAM PHARMACEUTICALS INCHealthcare838.2K$277.3M0.4%+8.2%
TER TERADYNE INCTechnology925.8K$274.5M0.4%+369.0%
ACN ACCENTURE PLC-CL AServices media1.4M$273.7M0.4%+195.2%
AMAT APPLIED MATERIALS INCTechnology796.5K$272.2M0.4%+76.8%
ASML ASML HOLDING NV-NY REG SHSIndustrials204.4K$270.0M0.4%+119.3%
RTX RTX CORPIndustrials1.4M$267.0M0.4%+393.0%
ROST ROSS STORES INCConsumer discretionary1.2M$266.8M0.4%-21.8%
SOFI SOFI TECHNOLOGIES INCFinancials16.8M$266.8M0.4%+391.0%
NSC NORFOLK SOUTHERN CORPIndustrials918.0K$263.5M0.4%+402.8%
JCI JOHNSON CONTROLS INTERNATIONIndustrials2.0M$261.9M0.4%+17.0%
MCK MCKESSON CORPConsumer discretionary301.8K$261.2M0.4%+92.2%
A AGILENT TECHNOLOGIES INCHealthcare2.3M$259.9M0.4%+7.5%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20263481$89.93B canonicalSEC ↗
Q4 202513F-HRFeb 17, 20263633$98.44B canonicalSEC ↗
Q3 202513F-HRNov 14, 20253528$96.78B canonicalSEC ↗
Q2 202513F-HRAug 14, 20253505$98.42B canonicalSEC ↗
Q1 202513F-HRMay 15, 20253445$86.21B canonicalSEC ↗
Q4 202413F-HRFeb 14, 20253415$76.27B canonicalSEC ↗
Q3 202413F-HRNov 14, 20243210$67.85B canonicalSEC ↗
Q2 202413F-HRAug 14, 20245720$63.27B canonicalSEC ↗
Q1 202413F-HRMay 14, 20245292$63.08B canonicalSEC ↗