1y return+16.9%S&P 500 +20.9%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2024: $123 against $127 in the S&P 500.2
R Squared LtdS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| TXNMTxnm Energy Inc | $3.9M | 2.0% | −10.4% |
| PENPenumbra Inc | $3.6M | 1.9% | +344.8% |
| NVDANvidia Corporation | $3.6M | 1.9% | +802.8% |
| CCitigroup Inc | $2.6M | 1.4% | +31.2% |
| TSMTaiwan Semiconductor Manufac | $2.5M | 1.3% | +44.0% |
| AAPLApple Inc | $2.4M | 1.2% | −56.4% |
| Electronic Arts IncCUSIP 285512109 | $2.2M | 1.2% | −22.8% |
| CHTChunghwa Telecom Co Ltd | $2.1M | 1.1% | −13.3% |
| ISRGIntuitive Surgical Inc | $2.0M | 1.0% | +751.0% |
| CVXChevron Corporation | $1.9M | 1.0% | +5.4% |
| ICEIntercontinental Exchange In | $1.7M | 0.9% | +110.6% |
| Medtronic PLCCUSIP G5960L103 | $1.6M | 0.8% | +79.1% |
| METAMeta Platforms Inc | $1.6M | 0.8% | New |
| NOCNorthrop Grumman Corp | $1.5M | 0.8% | +397.3% |
| COSTCostco Wholesale Corporation | $1.4M | 0.7% | New |
| TSLATesla Inc | $1.3M | 0.7% | −43.7% |
| LHXL3harris Technologies Inc | $1.3M | 0.7% | +220.1% |
| PHParker-hannifin Corp | $1.3M | 0.7% | −41.6% |
| SPGIS&p Global Inc | $1.3M | 0.7% | +56.5% |
| RTXRtx Corporation | $1.3M | 0.7% | +401.2% |
| AALAmerican Airlines Group Inc | $1.2M | 0.7% | +405.4% |
| Webster Finl CorpCUSIP 947890109 | $1.2M | 0.6% | New |
| AMATApplied Matls Inc | $1.2M | 0.6% | +2.0% |
| ORLYOreilly Automotive Inc | $1.1M | 0.6% | +50.6% |
| Grab Holdings LimitedCUSIP G4124C109 | $1.1M | 0.6% | +74.9% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| BEBloom Energy Corp | December 31, 2025 | +248.4% | $1.0M |
| AMATApplied Matls Inc | March 31, 2026 | +111.5% | $1.2M |
| CCitigroup Inc | December 31, 2024 | +98.8% | $2.6M |
| TSMTaiwan Semiconductor Manufac | September 30, 2025 | +71.0% | $2.5M |
| AALAmerican Airlines Group Inc | June 30, 2025 | +61.1% | $1.2M |
| CMICummins Inc | December 31, 2025 | +39.7% | $964K |
| STTState Str Corp | March 31, 2026 | +34.0% | $1.0M |
| AAPLApple Inc | March 31, 2026 | +14.0% | $2.4M |
| TSLATesla Inc | March 31, 2026 | +13.1% | $1.3M |
| Axis Cap Hldgs LtdCUSIP G0692U109 | September 30, 2025 | +12.2% | $961K |
Sold off last quarter
- Hologic IncCUSIP 436440101 was $6.0M
- VVisa Inc was $2.0M
- GOOGLAlphabet Inc was $1.8M
- WCNWaste Connections Inc was $1.6M
- GDGeneral Dynamics Corp was $1.5M
- FDXFedex Corp was $1.1M
- DDominion Energy Inc was $896K
- MOAltria Group Inc was $879K
- GWWWw Grainger Inc was $842K
- Chart Inds IncCUSIP 16115Q308 was $803K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +8.1% | +14.8% |
| March 31, 2026 | +0.9% | −4.6% |
| December 31, 2025 | +1.1% | +2.4% |
| September 30, 2025 | +6.0% | +7.8% |
| June 30, 2025 | +7.5% | +10.5% |
| March 31, 2025 | −2.5% | −4.6% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: R Squared Ltd Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1896148&type=13F-HR&dateb=&owner=include&count=40CIK 1896148
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1896148/000189614826000004/Filed August 5, 2026 · accession 0001896148-26-000004