PSquared Asset Management AG In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), PSquared Asset Management AG reported 9 stock positions worth $415.9 million . Its top holding was Hess (HES) at 39.5% of the portfolio, followed by Vizio Class A (VZIO, 12.2% ) and Nuvei Corp.-Subordinate VTG (NVEI, 10.7% ). Compared with Q2 2024, it opened 4 new positions, sold out of 5, added to 3 and reduced 2. The biggest buy was Vizio Class A (VZIO, shares +963% ) and the biggest sale an exit from Westrock (WRK).
Location ZURICH, V8
CIK 0001623624
Portfolio Value $415.9M (Q3 2024) Holdings 9 stocks · $415.9M 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 Q2 2024 HES Hess Corp. 1,208,996 $164.2M Add +14.8% VZIO Vizio Holding Corp. Class A 4,554,445 $50.9M Add +962.6% NVEI Nuvei Corp.-Subordinate VTG 1,340,000 $44.7M New EXEL Exelixis Inc. 1,529,629 $39.7M Add +13.6% JNPR Juniper Networks Inc. 970,055 $37.8M Reduce -23.9% HCP Hashicorp Inc. Class A 797,225 $27.0M New TELL Tellurian Inc. 19,717,977 $19.1M New INFN Infinera Corp. 2,420,504 $16.3M New ACI Albertsons Cos Inc. Class A 878,189 $16.2M Reduce -27.5%
Options reported separately and not counted above: EXEL puts ($876K).
Portfolio Sells Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▲ WRK Westrock Co. Sold out 0.00% −22.64 HOLI Hollysys Automation Technolo Sold out 0.00% −11.78 OLK Olink Holding AB - ADR Sold out 0.00% −7.43 ETRN Equitrans Midstream Corp. Sold out 0.00% −4.06 ACI Albertsons Cos Inc. Class A Reduce -27.5% 3.90% −1.05 JNPR Juniper Networks Inc. Reduce -23.9% 9.09% −0.53 IP International Paper Co. Sold out 0.00% −0.15
Portfolio Buys Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▼ VZIO Vizio Holding Corp. Class A Add +962.6% 12.23% +11.27 NVEI Nuvei Corp.-Subordinate VTG New 10.75% +10.75 HES Hess Corp. Add +14.8% 39.48% +7.33 HCP Hashicorp Inc. Class A New 6.49% +6.49 TELL Tellurian Inc. New 4.59% +4.59 INFN Infinera Corp. New 3.93% +3.93 EXEL Exelixis Inc. Add +13.6% 9.54% +3.28
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ EXEL Exelixis Inc. put Add +98.2% 12,333 $876K QGEN Qiagen NV call Sold out 6,927 $139Kbefore exit IP International Paper Co. put Sold out 171 $59Kbefore exit
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