R Squared Ltd
Long book
$182.1M
Q1 2026
Positions
477
Top-10 weight
17%
concentration
Last quarter
+12.4%
SPY +14.8%
Turnover
58%
of book per quarter
Strategy in plain words
auto-generated from filingsR Squared Ltd is a quantitative fund whose holdings reflect models, not opinions, running a $182.1M US long book across 477 positions.
The portfolio is broadly diversified across 477 positions (top 10 only 17%). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: HOLOGIC INC, APPLE INC, TXNM ENERGY INC, ELECTRONIC ARTS INC, MICROSOFT CORP.
Over the last 6 quarters its long book ran on average 0.1pp per quarter ahead of the S&P 500, beating the index in 2 of 6 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
Q4 2024
-1.8%
Q1 2025
+8.3%
Q2 2025
+6.7%
Q3 2025
+1.1%
Q4 2025
+1.4%
Q1 2026
+12.4%
Sector allocation
Technology 19%
Industrials 18%
Financials 16%
Healthcare 8%
Other 8%
Consumer discretionary 8%
Utilities 8%
Services media 7%
Long book by quarter
What does R Squared own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| HO1 HOLOGIC INC | — | 78.9K | $6.0M | 3.3% | +408.3% |
| AAPL APPLE INC | Technology | 18.8K | $4.8M | 2.6% | New |
| TXNM TXNM ENERGY INC | Utilities | 76.1K | $4.4M | 2.4% | +460.4% |
| EA ELECTRONIC ARTS INC | Technology | 14.0K | $2.8M | 1.6% | -18.4% |
| MSFT MICROSOFT CORP | Technology | 7.1K | $2.6M | 1.4% | +71.5% |
| LLY ELI LILLY & CO | Healthcare | 2.6K | $2.4M | 1.3% | +331.8% |
| CVX CHEVRON CORP | Energy | 11.0K | $2.3M | 1.2% | New |
| TSLA TESLA INC | Industrials | 5.6K | $2.1M | 1.2% | New |
| PH PARKER HANNIFIN CORP | Industrials | 2.3K | $2.0M | 1.1% | +243.3% |
| V VISA INC-CLASS A SHARES | Services media | 6.5K | $2.0M | 1.1% | +172.3% |
| GOOGL ALPHABET INC-CL A | Technology | 6.3K | $1.8M | 1.0% | New |
| C CITIGROUP INC | Financials | 14.4K | $1.6M | 0.9% | +166.9% |
| WCN WASTE CONNECTIONS INC | Utilities | 9.9K | $1.6M | 0.9% | +139.6% |
| AVGO BROADCOM INC | Technology | 5.1K | $1.6M | 0.9% | New |
| GOOG ALPHABET INC-CL C | Technology | 5.3K | $1.5M | 0.8% | New |
| GD GENERAL DYNAMICS CORP | Industrials | 4.3K | $1.5M | 0.8% | +280.4% |
| MU MICRON TECHNOLOGY INC | Technology | 4.0K | $1.4M | 0.7% | -17.3% |
| KVUE KENVUE INC | Other | 65.6K | $1.1M | 0.6% | +136.5% |
| FDX FEDEX CORP | Industrials | 3.1K | $1.1M | 0.6% | New |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 6.6K | $1.0M | 0.6% | +292.6% |
| MDT MEDTRONIC PLC | Healthcare | 11.5K | $998K | 0.5% | +412.4% |
| AMSF AMERISAFE INC | Financials | 29.9K | $995K | 0.5% | -36.5% |
| WBD WARNER BROS DISCOVERY INC | Communications | 35.9K | $986K | 0.5% | New |
| SNDK SANDISK CORP | Technology | 1.6K | $985K | 0.5% | New |
| FIVE FIVE BELOW | Consumer discretionary | 4.3K | $985K | 0.5% | New |
| AXS AXIS CAPITAL HOLDINGS LTD | Financials | 9.6K | $971K | 0.5% | -11.6% |
| CMI CUMMINS INC | Industrials | 1.8K | $942K | 0.5% | +108.5% |
| ITT ITT INC | Industrials | 4.8K | $912K | 0.5% | +26.7% |
| D DOMINION ENERGY INC | Utilities | 14.5K | $896K | 0.5% | New |
| AEP AMERICAN ELECTRIC POWER | Utilities | 6.7K | $879K | 0.5% | +5.4% |
| MO ALTRIA GROUP INC | Consumer staples | 13.3K | $879K | 0.5% | -9.0% |
| TEL TE CONNECTIVITY PLC | Consumer discretionary | 4.1K | $861K | 0.5% | -49.8% |
| SPGI S&P GLOBAL INC | Services media | 2.0K | $851K | 0.5% | +124.5% |
| PEN PENUMBRA INC | Healthcare | 2.6K | $849K | 0.5% | New |
| GWW WW GRAINGER INC | Consumer discretionary | 772 | $842K | 0.5% | New |
| AN AUTONATION INC | Consumer discretionary | 4.2K | $828K | 0.5% | +68.0% |
| GTLS CHART INDUSTRIES INC | Industrials | 3.9K | $803K | 0.4% | New |
| NSC NORFOLK SOUTHERN CORP | Industrials | 2.8K | $796K | 0.4% | +290.8% |
| CSV CARRIAGE SERVICES INC | Services media | 17.4K | $793K | 0.4% | +6.1% |
| NWN NORTHWEST NATURAL HOLDING CO | Utilities | 14.5K | $774K | 0.4% | New |
| MSCI MSCI INC | Services media | 1.4K | $770K | 0.4% | +90.5% |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 8.3K | $764K | 0.4% | +21.8% |
| SNX TD SYNNEX CORP | Consumer discretionary | 4.5K | $753K | 0.4% | -55.5% |
| GPI GROUP 1 AUTOMOTIVE INC | Consumer discretionary | 2.3K | $753K | 0.4% | -21.7% |
| RPRX ROYALTY PHARMA PLC- CL A | Healthcare | 15.4K | $736K | 0.4% | New |
| ADP AUTOMATIC DATA PROCESSING | Technology | 3.6K | $728K | 0.4% | New |
| ANIK ANIKA THERAPEUTICS INC | Healthcare | 50.2K | $728K | 0.4% | +20.7% |
| EFX EQUIFAX INC | Services media | 4.0K | $722K | 0.4% | +121.4% |
| LMT LOCKHEED MARTIN CORP | Industrials | 1.2K | $714K | 0.4% | -53.0% |
| LITE LUMENTUM HOLDINGS INC | Technology | 1.0K | $703K | 0.4% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 29, 2026 | 477 | $182.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 30, 2026 | 513 | $214.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 537 | $232.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 31, 2025 | 458 | $181.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 289 | $93.6M | confidential canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 23, 2025 | 1571 | $102.8M | canonical | SEC ↗ |
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