PSquared Asset Management AG In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), PSquared Asset Management AG reported 10 stock positions worth $483.1 million . Its top holding was Hess (HES) at 32.1% of the portfolio, followed by Westrock (WRK, 22.6% ) and Hollysys Automation Technolo (HOLI, 11.8% ). Compared with Q1 2024, it opened 5 new positions, sold out of 3, added to 3 and reduced 2. The biggest buy was Hess (HES, shares +37% ) and the biggest sale an exit from Pioneer Natural Resources (PXD).
Location ZURICH, V8
CIK 0001623624
Portfolio Value $483.1M (Q2 2024) Holdings 10 stocks · $483.1M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2024 HES Hess Corp. 1,052,735 $155.3M Add +37.0% WRK Westrock Co. 2,202,881 $109.4M Add +4.6% HOLI Hollysys Automation Technolo 2,629,802 $56.9M Reduce 0.0% JNPR Juniper Networks Inc. 1,275,205 $46.5M New OLK Olink Holding AB - ADR 1,408,775 $35.9M New EXEL Exelixis Inc. 1,346,627 $30.3M Reduce -8.3% ACI Albertsons Cos Inc. Class A 1,211,274 $23.9M Add +27.9% ETRN Equitrans Midstream Corp. 1,509,304 $19.6M New VZIO Vizio Holding Corp. Class A 428,616 $4.6M New IP International Paper Co. 17,100 $738K New
Options reported separately and not counted above: EXEL puts ($405K), QGEN calls ($139K), IP puts ($59K).
Portfolio Sells Q1 2024 → Q2 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2024 % Of Portfolio Change To Portfolio ▲ PXD Pioneer Natural Resources Co. Sold out 0.00% −32.02 BP BP PLC-Spons ADR Sold out 0.00% −9.33 CPRI Capri Holdings Ltd. Sold out 0.00% −5.02 EXEL Exelixis Inc. Reduce -8.3% 6.26% +0.82 HOLI Hollysys Automation Technolo Reduce 0.0% 11.78% +1.27
Portfolio Buys Q1 2024 → Q2 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2024 % Of Portfolio Change To Portfolio ▼ HES Hess Corp. Add +37.0% 32.15% +13.82 JNPR Juniper Networks Inc. New 9.62% +9.62 OLK Olink Holding AB - ADR New 7.43% +7.43 WRK Westrock Co. Add +4.6% 22.64% +6.47 ETRN Equitrans Midstream Corp. New 4.06% +4.06 ACI Albertsons Cos Inc. Class A Add +27.9% 4.95% +1.78 VZIO Vizio Holding Corp. Class A New 0.96% +0.96 IP International Paper Co. New 0.15% +0.15
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ EXEL Exelixis Inc. put Reduce -57.6% 6,224 $405K QGEN Qiagen NV call Reduce -26.6% 6,927 $139K IP International Paper Co. put New 171 $59K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 15 $305.4M WBD, IHS, SLSR, EA, LIN Q1 2026 15 $287.4M WBD, IHS, SLSR, HOLX, NSC Q4 2025 12 $213.9M WBD, SLSR, NSC, GTLS, COMP Q3 2025 9 $126.0M K, SLSR, TECK, TASK, HOLX Q2 2025 8 $455.1M TGI, HES, K, SLSR, SWTX Q1 2025 6 $133.8M HES, ITCI, K, DESP, SLSR Q4 2024 3 $219.2M HES, INFN, HCP Q3 2024 9 $415.9M HES, VZIO, NVEI, EXEL, JNPR Q2 2024 10 $483.1M HES, WRK, HOLI, JNPR, OLK Q1 2024 8 $640.0M PXD, HES, WRK, HOLI, BP