Which funds beat the market?
Implied long-book return vs S&P 500, computed from 13F positions priced quarterly. Latest quarter: Q1 2026. Minimum $100M book, 10+ positions, 80%+ price coverage.
| # | Fund | Type | Return | Alpha vs SPY | Book | Positions | Quarters beat |
|---|---|---|---|---|---|---|---|
| 1 | Persistent Asset Partners Ltd | Quant stat arb | +38.8% | +24.0% | $0.3B | 238 | 5/6 |
| 2 | Runnymede Capital Advisors, Inc. | Quant stat arb | +38.3% | +23.4% | $0.1B | 75 | 4/6 |
| 3 | Paloma Partners Management Co | Quant stat arb | +35.5% | +20.7% | $0.1B | 39 | 6/9 |
| 4 | ARDSLEY ADVISORY PARTNERS LP | Quant stat arb | +34.5% | +19.7% | $0.7B | 117 | 7/9 |
| 5 | Optiver Holding B.V. | Market maker | +33.1% | +18.3% | $2.6B | 1880 | 6/9 |
| 6 | Defiance ETFs, LLC | Quant stat arb | +30.1% | +15.3% | $7.0B | 364 | 2/2 |
| 7 | Legend Capital Advisors LLC | Quant stat arb | +28.9% | +14.1% | $0.2B | 159 | 1/2 |
| 8 | Polymer Capital Management (HK) LTD | Quant stat arb | +27.4% | +12.6% | $0.7B | 147 | 8/9 |
| 9 | Tower Research Capital LLC (TRC) | Market maker | +25.8% | +11.0% | $3.9B | 5080 | 5/9 |
| 10 | Shellback Capital, LP | Quant stat arb | +25.3% | +10.4% | $0.7B | 79 | 6/9 |
| 11 | Bridgewater Associates, LP | Quant stat arb | +25.1% | +10.3% | $22.4B | 993 | 5/9 |
| 12 | ARMISTICE CAPITAL, LLC | Quant stat arb | +24.6% | +9.8% | $3.0B | 251 | 4/9 |
| 13 | CTC LLC | Market maker | +22.7% | +7.9% | $1.3B | 25 | 7/9 |
| 14 | CANTOR FITZGERALD, L. P. | Quant stat arb | +22.1% | +7.3% | $2.8B | 203 | 3/9 |
| 15 | Virtu Financial LLC | Market maker | +22.0% | +7.2% | $2.4B | 1558 | 6/9 |
| 16 | Lisanti Capital Growth, LLC | Quant stat arb | +21.8% | +6.9% | $0.4B | 103 | 6/9 |
| 17 | Marex Group plc | Quant stat arb | +21.4% | +6.6% | $9.6B | 883 | 5/9 |
| 18 | Delta Global Management LP | Quant stat arb | +21.3% | +6.5% | $1.2B | 154 | 4/9 |
| 19 | Burkehill Global Management, LP | Quant stat arb | +21.2% | +6.4% | $1.9B | 175 | 3/6 |
| 20 | Diametric Capital, LP | Quant stat arb | +20.6% | +5.8% | $0.4B | 471 | 5/9 |
| 21 | PEAK6 LLC | Market maker | +20.6% | +5.8% | $3.5B | 808 | 4/6 |
| 22 | Everest Financial Group LLC | Quant stat arb | +20.6% | +5.8% | $0.6B | 199 | 1/2 |
| 23 | Volterra Technologies LP | Quant stat arb | +20.5% | +5.7% | $0.1B | 111 | 4/4 |
| 24 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | Market maker | +20.2% | +5.4% | $77.3B | 6534 | 6/9 |
| 25 | IMC-Chicago, LLC | Market maker | +20.1% | +5.3% | $6.6B | 1290 | 7/9 |
| 26 | Anson Funds Management LP | Quant stat arb | +20.0% | +5.2% | $1.6B | 106 | 5/9 |
| 27 | Shay Capital LLC | Quant stat arb | +19.9% | +5.1% | $0.7B | 388 | 6/9 |
| 28 | Blue Sparrow, LLC /DE | Quant stat arb | +19.5% | +4.7% | $5.8B | 176 | 1/2 |
| 29 | Board of the Pension Protection Fund | Quant stat arb | +19.5% | +4.7% | $0.1B | 156 | 5/6 |
| 30 | Blueshift Asset Management, LLC | Quant stat arb | +19.4% | +4.5% | $0.3B | 484 | 4/9 |
| 31 | Neo Ivy Capital Management | Quant stat arb | +19.3% | +4.5% | $0.4B | 315 | 5/8 |
| 32 | Point72 Asset Management, L.P. | Multistrat pod | +19.1% | +4.3% | $54.9B | 1904 | 7/9 |
| 33 | JANE STREET GROUP, LLC | Market maker | +19.1% | +4.3% | $92.3B | 5873 | 6/9 |
| 34 | Alyeska Investment Group, L.P. | Quant stat arb | +18.7% | +3.9% | $35.3B | 604 | 6/9 |
| 35 | Odyssean, LLC | Quant stat arb | +18.5% | +3.7% | $0.3B | 418 | 2/2 |
| 36 | GTS SECURITIES LLC | Market maker | +18.3% | +3.5% | $2.8B | 1482 | 5/9 |
| 37 | Voleon Capital Management LP | Quant stat arb | +18.3% | +3.4% | $4.6B | 780 | 5/6 |
| 38 | SANDLER CAPITAL MANAGEMENT | Quant stat arb | +18.2% | +3.4% | $0.1B | 100 | 5/9 |
| 39 | Jump Financial, LLC | Market maker | +18.2% | +3.4% | $6.1B | 1757 | 5/9 |
| 40 | Informed Momentum Co LLC | Quant stat arb | +18.1% | +3.3% | $0.9B | 273 | 5/9 |
| 41 | DEERFIELD MANAGEMENT COMPANY, L.P. | Quant stat arb | +17.9% | +3.1% | $7.2B | 73 | 5/9 |
| 42 | Headlands Technologies LLC | Quant stat arb | +17.8% | +3.0% | $0.9B | 712 | 6/9 |
| 43 | D. E. Shaw & Co., Inc. | Quant stat arb | +17.7% | +2.9% | $119.0B | 3101 | 7/9 |
| 44 | 111 Capital | Quant stat arb | +17.6% | +2.8% | $0.4B | 328 | 3/6 |
| 45 | Integrated Quantitative Investments LLC | Quant stat arb | +17.6% | +2.8% | $0.6B | 385 | 4/6 |
| 46 | Schonfeld Strategic Advisors LLC | Multistrat pod | +17.5% | +2.7% | $12.2B | 2033 | 6/9 |
| 47 | WEXFORD CAPITAL LP | Quant stat arb | +17.4% | +2.6% | $0.6B | 159 | 5/9 |
| 48 | Jain Global LLC | Quant stat arb | +17.2% | +2.4% | $7.4B | 892 | 5/6 |
| 49 | SIMPLEX TRADING, LLC | Market maker | +17.1% | +2.3% | $3.2B | 2613 | 5/9 |
| 50 | Taproot Management LP | Quant stat arb | +17.1% | +2.3% | $0.5B | 180 | 2/2 |
| 51 | Scientech Research LLC | Quant stat arb | +17.1% | +2.2% | $0.1B | 449 | 5/9 |
| 52 | Twin Tree Management, LP | Quant stat arb | +17.0% | +2.2% | $0.5B | 385 | 5/9 |
| 53 | Fullerton Fund Management Co Ltd. | Quant stat arb | +17.0% | +2.2% | $1.3B | 125 | 5/9 |
| 54 | Frec Markets, Inc. | Quant stat arb | +16.8% | +2.0% | $0.6B | 644 | 2/2 |
| 55 | VARCOV Co. | Quant stat arb | +16.8% | +2.0% | $0.3B | 363 | 2/2 |
| 56 | STANCE CAPITAL LLC | Quant stat arb | +16.7% | +1.9% | $0.2B | 281 | 3/6 |
| 57 | MARSHALL WACE, LLP | Quant stat arb | +16.6% | +1.8% | $92.7B | 2655 | 5/9 |
| 58 | SUMMIT SECURITIES GROUP LLC | Quant stat arb | +16.5% | +1.6% | $0.2B | 823 | 6/9 |
| 59 | Symmetry Investments LP | Quant stat arb | +16.4% | +1.6% | $0.4B | 70 | 3/9 |
| 60 | Nearwater Capital Markets, Ltd | Quant stat arb | +16.4% | +1.6% | $4.2B | 82 | 5/6 |
| 61 | RENAISSANCE TECHNOLOGIES LLC | Quant stat arb | +16.4% | +1.6% | $63.9B | 3212 | 7/9 |
| 62 | ASAHI LIFE ASSET MANAGEMENT CO., LTD. | Quant stat arb | +16.3% | +1.5% | $0.1B | 150 | 6/9 |
| 63 | SIG BROKERAGE, LP | Quant stat arb | +16.2% | +1.4% | $0.3B | 229 | 3/6 |
| 64 | Hudson Bay Capital Management LP | Multistrat pod | +16.2% | +1.4% | $15.0B | 1249 | 4/9 |
| 65 | Havemeyer Place LP | Quant stat arb | +16.0% | +1.2% | $0.9B | 498 | 2/2 |
| 66 | MYDA Advisors LLC | Quant stat arb | +16.0% | +1.2% | $0.4B | 118 | 5/9 |
| 67 | CITADEL ADVISORS LLC | Multistrat pod | +15.8% | +1.0% | $138.8B | 5960 | 5/9 |
| 68 | Catalyst Funds Management Pty Ltd | Quant stat arb | +15.7% | +0.9% | $0.6B | 584 | 5/9 |
| 69 | FJ Capital Management LLC | Quant stat arb | +15.7% | +0.9% | $0.9B | 126 | 5/9 |
| 70 | SummitTX Capital, L.P. | Quant stat arb | +15.7% | +0.8% | $3.1B | 738 | 4/5 |
| 71 | Seven Fleet Capital Management LP | Quant stat arb | +15.6% | +0.8% | $0.3B | 115 | 2/2 |
| 72 | ACADIAN ASSET MANAGEMENT LLC | Quant stat arb | +15.4% | +0.6% | $70.5B | 1995 | 5/9 |
| 73 | EntryPoint Capital, LLC | Quant stat arb | +15.3% | +0.5% | $0.3B | 731 | 4/9 |
| 74 | Cinctive Capital Management LP | Quant stat arb | +15.2% | +0.4% | $1.5B | 349 | 7/9 |
| 75 | Quantitative Investment Management, LLC | Quant stat arb | +15.1% | +0.3% | $1.0B | 363 | 4/9 |
| 76 | Manatuck Hill Partners, LLC | Quant stat arb | +15.1% | +0.3% | $0.3B | 115 | 6/9 |
| 77 | LMR Partners LLP | Quant stat arb | +15.1% | +0.3% | $8.6B | 1018 | 6/9 |
| 78 | J. Goldman & Co LP | Quant stat arb | +15.1% | +0.3% | $2.2B | 364 | 7/9 |
| 79 | Caption Management, LLC | Quant stat arb | +15.0% | +0.2% | $2.1B | 533 | 6/9 |
| 80 | GROUP ONE TRADING LLC | Market maker | +15.0% | +0.2% | $3.0B | 2167 | 5/9 |
| 81 | Polymer Capital Management (US) LLC | Quant stat arb | +14.9% | +0.1% | $0.7B | 733 | 4/6 |
| 82 | TWO SIGMA INVESTMENTS, LP | Quant stat arb | +14.9% | +0.0% | $117.1B | 3593 | 6/9 |
| 83 | Squarepoint Ops LLC | Quant stat arb | +14.8% | +0.0% | $46.3B | 2601 | 4/9 |
| 84 | LECAP ASSET MANAGEMENT LTD | Quant stat arb | +14.8% | +0.0% | $0.3B | 267 | 5/9 |
| 85 | Qube Research & Technologies Ltd | Quant stat arb | +14.7% | -0.1% | $70.4B | 2664 | 3/9 |
| 86 | FOX RUN MANAGEMENT, L.L.C. | Quant stat arb | +14.7% | -0.1% | $0.6B | 856 | 2/9 |
| 87 | TWINBEECH CAPITAL LP | Quant stat arb | +14.6% | -0.2% | $1.0B | 536 | 3/9 |
| 88 | HUSSMAN STRATEGIC ADVISORS, INC. | Quant stat arb | +14.6% | -0.2% | $0.5B | 268 | 5/9 |
| 89 | Walleye Capital LLC | Multistrat pod | +14.5% | -0.3% | $15.1B | 1718 | 5/9 |
| 90 | IBEX WEALTH ADVISORS | Quant stat arb | +14.5% | -0.3% | $1.1B | 203 | 5/9 |
| 91 | Freestone Grove Partners LP | Quant stat arb | +14.5% | -0.3% | $13.8B | 961 | 3/6 |
| 92 | TUDOR INVESTMENT CORP ET AL | Quant stat arb | +14.4% | -0.4% | $18.6B | 1648 | 4/9 |
| 93 | CAPSTONE INVESTMENT ADVISORS, LLC | Quant stat arb | +14.3% | -0.5% | $9.0B | 786 | 4/9 |
| 94 | AXQ CAPITAL, LP | Quant stat arb | +14.3% | -0.5% | $0.8B | 973 | 3/9 |
| 95 | Oak Thistle LLC | Quant stat arb | +14.3% | -0.5% | $1.0B | 452 | 4/9 |
| 96 | Laurion Capital Management LP | Quant stat arb | +14.2% | -0.6% | $1.0B | 186 | 4/9 |
| 97 | Susquehanna Portfolio Strategies, LLC | Market maker | +14.2% | -0.6% | $6.7B | 959 | 4/9 |
| 98 | XTX Topco Ltd | Market maker | +14.2% | -0.7% | $5.8B | 3773 | 4/9 |
| 99 | Counterpoint Mutual Funds LLC | Quant stat arb | +14.0% | -0.8% | $0.7B | 294 | 2/9 |
| 100 | OCCUDO QUANTITATIVE STRATEGIES LP | Quant stat arb | +14.0% | -0.8% | $1.8B | 727 | 2/9 |
Implied return prices each fund's disclosed long positions at quarter boundaries. It ignores shorts, options, cash and intra-quarter trading — treat as an approximation of the long book, not audited performance.