Quadrature Capital Ltd

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Quadrature Capital Ltd reported 984 stock positions worth $5.0 billion. Its top holding was Meta Platforms Class A (META) at 4.1% of the portfolio, followed by Nvidia (NVDA, 3.7%) and Tesla (TSLA, 3.3%). Compared with Q3 2024, it opened 557 new positions, sold out of 498, added to 218 and reduced 204. The biggest buy was a new position in Nvidia (NVDA) and the biggest sale Microsoft (MSFT, shares −99%).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0001651424
Portfolio Value
$5.0B (Q4 2024)
SEC Filing
0001651424-25-000002 ↗ filed Feb 13, 2025

Holdings Value

0$5.0B$10.0B$15.0B Q1 2024: $5.9B Q1 2024 Q2 2024: $6.0B Q2 2024 Q3 2024: $4.4B Q3 2024 Q4 2024: $5.0B $5.0B Q4 2024 Q1 2025: $4.5B Q1 2025 Q2 2025: $5.8B Q2 2025 Q3 2025: $8.5B Q3 2025 Q4 2025: $9.8B Q4 2025 Q1 2026: $8.4B Q1 2026 Q2 2026: $11.7B Q2 2026

Holdings 984 stocks · $5.0B
META Meta Platforms Inc. Class A 4.12% 350,716 $205.4M Add +63.1%
NVDA Nvidia Corp. 3.66% 1,359,379 $182.5M New
TSLA Tesla Inc. 3.31% 409,808 $165.4M New
RACE Ferrari NV 2.90% 336,409 $144.7M Add +45.5%
GOOG Alphabet Inc. Class C 2.44% 639,139 $121.7M Add +92.0%
ELV Elevance Health Inc. 2.36% 319,980 $118.0M Add +1315.0%
UNH Unitedhealth Group Inc. 2.28% 225,214 $114.0M Add +914.0%
CNI Canadian Natl Railway Co. 2.17% 1,062,300 $108.1M Add +8.1%
WCN Waste Connections Inc. 1.87% 542,200 $93.2M Add +101.8%
CVE Cenovus Energy Inc. 1.57% 5,176,200 $78.6M Add +272.8%
SHOP Shopify Inc. Class A 1.46% 683,500 $72.9M Reduce -56.1%
RCI Rogers Communications Inc. Class B 1.44% 2,339,400 $72.0M Add +7857.1%
COIN Coinbase Global Inc. Class A 1.33% 266,785 $66.2M Add +147.5%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 1.17% 136,723 $58.2M Reduce -21.8%
TD Toronto-Dominion Bank 1.11% 1,042,700 $55.6M Reduce -57.7%
XLP SS Consumer Staples Sel Sect 1.11% 705,680 $55.5M New
APP AppLovin Corp. Class A 1.10% 168,803 $54.7M Add +435.6%
TLT iShares 20+ Year Treasury BD 0.98% 562,684 $49.2M Reduce -38.5%
SPOT Spotify Technology SA 0.95% 106,023 $47.4M Reduce -46.8%
MCK McKesson Corp. 0.89% 77,587 $44.2M Add +7.8%
PG The Procter & Gamble Co. 0.81% 240,279 $40.3M New
LLY Eli Lilly & Co. 0.81% 52,038 $40.2M Reduce -44.4%
AMZN Amazon.com Inc. 0.76% 172,638 $37.9M Add +31.5%
JEPI JPMorgan Equity Premium Inco 0.75% 653,385 $37.6M New
VNQ Vanguard Real Estate ETF 0.73% 407,820 $36.3M New
CNQ Canadian Natural Resources 0.69% 1,108,800 $34.3M Reduce -26.1%
MSI Motorola Solutions Inc. 0.67% 72,055 $33.3M New
VST Vistra Corp. 0.63% 229,100 $31.6M Add +94.9%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.62% 116,700 $30.8M New
CCJ Cameco Corp. 0.60% 581,400 $29.9M New
HCA HCA Healthcare Inc. 0.60% 98,964 $29.7M Add +471.4%
COST Costco Wholesale Corp. 0.58% 31,768 $29.1M Add +26.0%
KLAC KLA Corp. 0.58% 45,704 $28.8M New
CEG Constellation Energy 0.56% 125,779 $28.1M Add +36.7%
AVGO Broadcom Inc. 0.56% 121,246 $28.1M New
IYR iShares US Real Estate ETF 0.56% 299,549 $27.9M New
RY Royal Bank of Canada 0.56% 229,500 $27.7M New
TDG Transdigm Group Inc. 0.54% 21,381 $27.1M Add +568.8%
VGLT Vanguard Long-Term Treasury 0.53% 479,294 $26.5M Add +255.3%
CRWD CrowdStrike Holdings Inc. Class A 0.52% 76,330 $26.1M New
VHT Vanguard Health Care ETF 0.52% 101,461 $25.7M New
IWM iShares Russell 2000 ETF 0.51% 115,140 $25.4M Reduce -70.9%
TNA Dir Dai SML Ca Bul 3X Et-Usd 0.49% 585,590 $24.5M Add +1.8%
XLE SS Energy Select Sector 0.49% 285,764 $24.5M New
ACN Accenture PLC Class A 0.49% 69,303 $24.4M Add +313.6%
VDE Vanguard Energy ETF 0.48% 197,818 $24.0M New
FAS Dirx DLY Finacial B3X ETF-Ui 0.47% 155,226 $23.4M Add +783.9%
EWY iShares MSCI South Korea ETF 0.45% 440,045 $22.4M New
FNV Franco-Nevada Corp. 0.44% 185,703 $21.9M Reduce -44.3%
WPM Wheaton Precious Metals Corp. 0.44% 387,800 $21.9M Reduce -7.5%
GEV GE Vernova Inc. 0.43% 65,515 $21.6M New
SCHH Schwab US REIT ETF 0.42% 1,007,838 $21.2M New
SHY iShares 1-3 Year Treasury Bo 0.41% 249,148 $20.4M Add +0.2%
HOOD Robinhood Markets Inc. Class A 0.41% 548,105 $20.4M Add +170.5%
GDXJ Vaneck Junior Gold Miners 0.41% 473,999 $20.3M Reduce -56.7%
DHI D.R. Horton Inc. 0.39% 140,436 $19.6M Add +305.4%
NEE Nextera Energy Inc. 0.39% 271,899 $19.5M New
ANET Arista Networks Inc. 0.39% 175,250 $19.4M Add +1145.4%
XLF SS Financial Select Sector 0.39% 397,522 $19.2M Add +2.3%
UBER Uber Technologies Inc. 0.38% 318,214 $19.2M Add +1389.1%
SHW The Sherwin-Williams Co. 0.38% 56,215 $19.1M Add +241.4%
PFF iShares Preferred & Income S 0.38% 597,925 $18.8M New
PM Philip Morris International 0.38% 155,577 $18.7M New
BITB Bitwise Bitcoin ETF 0.37% 359,720 $18.3M Add +5655.5%
IWD iShares Russell 1000 Value E 0.37% 98,607 $18.3M New
TS Tenaris SA-ADR 0.36% 963,392 $18.2M New
CRM Salesforce Inc. 0.36% 53,455 $17.9M Add +36.5%
GM General Motors Co. 0.35% 332,158 $17.7M Add +42.6%
TT Trane Technologies PLC 0.35% 47,840 $17.7M Add +1890.0%
LRCX Lam Research Corp. 0.35% 243,254 $17.6M New
TRGP Targa Resources Corp. 0.35% 96,726 $17.3M Add +760.2%
BKNG Booking Holdings Inc. 0.33% 3,350 $16.7M Reduce -16.6%
PGR Progressive Corp. 0.33% 69,123 $16.6M Add +20.4%
MRK Merck & Co. Inc. 0.32% 162,220 $16.1M Reduce -43.2%
FICO Fair Isaac Corp. 0.32% 8,020 $16.0M New
XHB SS SPDR S&P Homebldrs ETF 0.31% 146,737 $15.3M Add +1449.3%
XLRE SS Real Estate Select Sector 0.30% 373,316 $15.2M New
PGX Invesco Preferred ETF 0.30% 1,304,504 $15.0M Add +11686.3%
IUSV iShares Core S&P U.S. Value 0.30% 160,852 $14.9M New
BLK BlackRock Inc. 0.29% 14,347 $14.7M New
DG Dollar General Corp. 0.29% 192,108 $14.6M Add +8.3%
GDX Vaneck Gold Miners ETF 0.29% 422,176 $14.3M Reduce -77.9%
MARA Mara Holdings Inc. 0.29% 849,945 $14.3M New
VRT Vertiv Holdings Co. Class A 0.28% 123,344 $14.0M Add +141.1%
LMT Lockheed Martin Corp. 0.28% 28,736 $14.0M Add +560.5%
HUM Humana Inc. 0.28% 54,773 $13.9M Reduce -31.6%
WFC Wells Fargo & Co. 0.27% 194,465 $13.7M New
GE General Electric filed as GE AEROSPACE 0.27% 81,588 $13.6M Add +50.0%
IVE iShares S&P 500 Value ETF 0.27% 70,731 $13.5M New
UAL United Airlines Holdings Inc. 0.27% 136,388 $13.2M New
TMF Dir DLY 20+YR TR BL3X ETF-Ui 0.26% 328,681 $13.1M Reduce -23.9%
CLS Celestica Inc. 0.26% 141,336 $13.1M New
PBA Pembina Pipeline Corp. 0.26% 346,400 $12.8M New
XLI SS Industrial Select Sector 0.25% 93,071 $12.3M New
SPGI S&P Global Inc. 0.24% 24,372 $12.1M New
AMT American Tower Corp. 0.24% 64,384 $11.8M Add +158.1%
LIN Linde PLC 0.23% 27,616 $11.6M New
GRAB Grab Holdings Ltd. Class A 0.23% 2,418,300 $11.4M Add +324.8%
SE Sea Ltd.-ADR 0.23% 107,340 $11.4M Add +6.5%
CACI Caci International Inc. Class A 0.23% 28,090 $11.4M Add +915.5%

Show all 984 holdings

Portfolio Sells Q3 2024 → Q4 2024
MSFT Microsoft Corp. Reduce -99.4% 0.02% −2.93
AAPL Apple Inc. Sold out 0.00% −2.43
TD Toronto-Dominion Bank Reduce -57.7% 1.11% −2.43
QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −2.27
IAU iShares Gold Trust Sold out 0.00% −2.17
SLV iShares Silver Trust Sold out 0.00% −2.07
GLDM SPDR Gold Minishares Trust Sold out 0.00% −1.92
IWM iShares Russell 2000 ETF Reduce -70.9% 0.51% −1.47
GDX Vaneck Gold Miners ETF Reduce -77.9% 0.29% −1.44
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −1.41
SHOP Shopify Inc. Class A Reduce -56.1% 1.46% −1.37
STLA Stellantis NV Sold out 0.00% −1.08
LLY Eli Lilly & Co. Reduce -44.4% 0.81% −1.08
TLT iShares 20+ Year Treasury BD Reduce -38.5% 0.98% −1.05
MELI MercadoLibre Inc. Sold out 0.00% −1.02
NFLX Netflix Inc. Sold out 0.00% −0.98
SGOL Abrdn Physical Gold Shares Sold out 0.00% −0.81
GDXJ Vaneck Junior Gold Miners Reduce -56.7% 0.41% −0.81
SPOT Spotify Technology SA Reduce -46.8% 0.95% −0.71
NOW ServiceNow Inc. Sold out 0.00% −0.70
SMCI Super Micro Computer Inc. Sold out 0.00% −0.64
ORCL Oracle Corp. Sold out 0.00% −0.63
BNS Bank of Nova Scotia Sold out 0.00% −0.60
NKE Nike Inc. Class B Reduce -87.6% 0.06% −0.58
INDA iShares MSCI India ETF Sold out 0.00% −0.53
DIA SS SPDR Dow Jones Indus Avg Reduce -21.8% 1.17% −0.51
SPXL Direxion Daily S&P 500 Bull Reduce -73.2% 0.16% −0.51
FNV Franco-Nevada Corp. Reduce -44.3% 0.44% −0.50
F Ford Motor Co. Sold out 0.00% −0.49
CNQ Canadian Natural Resources Reduce -26.1% 0.69% −0.44
DASH DoorDash Inc. Class A Sold out 0.00% −0.43
BA The Boeing Co. Reduce -76.9% 0.13% −0.42
MRK Merck & Co. Inc. Reduce -43.2% 0.32% −0.41
V Visa Inc. Class A Sold out 0.00% −0.38
SPTL SS SPDR PF LNG TRM TSY E-Usd Reduce -74.1% 0.10% −0.38
CMG Chipotle Mexican Grill Inc. Sold out 0.00% −0.36
WMT Walmart Inc. Sold out 0.00% −0.36
B Barrick Gold Corp. Reduce -65.4% 0.11% −0.35
NIO Nio Inc. - ADR Sold out 0.00% −0.33
KRE SS SPDR S&P Regional Bank Sold out 0.00% −0.32
CHWY Chewy Inc. Class A Sold out 0.00% −0.31
TMF Dir DLY 20+YR TR BL3X ETF-Ui Reduce -23.9% 0.26% −0.30
BIL SS SPDR BB 1-3M T-Bill ETF Sold out 0.00% −0.30
HUM Humana Inc. Reduce -31.6% 0.28% −0.30
AFRM Affirm Holdings Inc. Reduce -74.1% 0.15% −0.30
VZ Verizon Communications Inc. Reduce -89.5% 0.03% −0.29
EL Estee Lauder Companies Class A Sold out 0.00% −0.29
XYZ Block Inc. Reduce -98.6% 0.00% −0.29
CAT Caterpillar Inc. Sold out 0.00% −0.27
TJX TJX Companies Inc. Sold out 0.00% −0.27

Portfolio Buys Q3 2024 → Q4 2024
NVDA Nvidia Corp. New 3.66% +3.66
TSLA Tesla Inc. New 3.31% +3.31
ELV Elevance Health Inc. Add +1315.0% 2.36% +2.10
UNH Unitedhealth Group Inc. Add +914.0% 2.28% +1.99
RCI Rogers Communications Inc. Class B Add +7857.1% 1.44% +1.42
META Meta Platforms Inc. Class A Add +63.1% 4.12% +1.32
GOOG Alphabet Inc. Class C Add +92.0% 2.44% +1.18
XLP SS Consumer Staples Sel Sect New 1.11% +1.11
CVE Cenovus Energy Inc. Add +272.8% 1.57% +1.05
APP AppLovin Corp. Class A Add +435.6% 1.10% +1.00
COIN Coinbase Global Inc. Class A Add +147.5% 1.33% +0.89
PG The Procter & Gamble Co. New 0.81% +0.81
WCN Waste Connections Inc. Add +101.8% 1.87% +0.78
JEPI JPMorgan Equity Premium Inco New 0.75% +0.75
VNQ Vanguard Real Estate ETF New 0.73% +0.73
MSI Motorola Solutions Inc. New 0.67% +0.67
VO Vngrd Mrngstr MD-Cap ETF-Usd New 0.62% +0.62
CCJ Cameco Corp. New 0.60% +0.60
KLAC KLA Corp. New 0.58% +0.58
AVGO Broadcom Inc. New 0.56% +0.56
IYR iShares US Real Estate ETF New 0.56% +0.56
RY Royal Bank of Canada New 0.56% +0.56
CRWD CrowdStrike Holdings Inc. Class A New 0.52% +0.52
VHT Vanguard Health Care ETF New 0.52% +0.52
XLE SS Energy Select Sector New 0.49% +0.49
VDE Vanguard Energy ETF New 0.48% +0.48
EWY iShares MSCI South Korea ETF New 0.45% +0.45
RACE Ferrari NV Add +45.5% 2.90% +0.44
TDG Transdigm Group Inc. Add +568.8% 0.54% +0.44
HCA HCA Healthcare Inc. Add +471.4% 0.60% +0.44
GEV GE Vernova Inc. New 0.43% +0.43
SCHH Schwab US REIT ETF New 0.42% +0.42
FAS Dirx DLY Finacial B3X ETF-Ui Add +783.9% 0.47% +0.42
NEE Nextera Energy Inc. New 0.39% +0.39
PFF iShares Preferred & Income S New 0.38% +0.38
PM Philip Morris International New 0.38% +0.38
IWD iShares Russell 1000 Value E New 0.37% +0.37
TS Tenaris SA-ADR New 0.36% +0.36
BITB Bitwise Bitcoin ETF Add +5655.5% 0.37% +0.36
ANET Arista Networks Inc. Add +1145.4% 0.39% +0.36
ACN Accenture PLC Class A Add +313.6% 0.49% +0.35
LRCX Lam Research Corp. New 0.35% +0.35
UBER Uber Technologies Inc. Add +1389.1% 0.38% +0.35
VGLT Vanguard Long-Term Treasury Add +255.3% 0.53% +0.34
TT Trane Technologies PLC Add +1890.0% 0.35% +0.33
FICO Fair Isaac Corp. New 0.32% +0.32
VST Vistra Corp. Add +94.9% 0.63% +0.32
TRGP Targa Resources Corp. Add +760.2% 0.35% +0.31
XLRE SS Real Estate Select Sector New 0.30% +0.30
HOOD Robinhood Markets Inc. Class A Add +170.5% 0.41% +0.30

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1,542$11.7BAMD, INTC, ASML, STX, AMZN
Q1 2026 1,313$8.4BASML, UNH, GLD, SAP, MU
Q4 2025 1,217$9.8BAMD, UNH, MU, LLY, CNI
Q3 2025 993$8.5BPLTR, NVDA, NFLX, HOOD, RY
Q2 2025 999$5.8BNVDA, AAPL, UNH, MSFT, NFLX
Q1 2025 1,032$4.5BCNI, AVGO, META, CNQ, XLB
Q4 2024 984$5.0BMETA, NVDA, TSLA, RACE, GOOG
Q3 2024 925$4.4BTD, MSFT, SHOP, META, CNI
Q2 2024 1,088$6.0BAAPL, CNI, AVGO, AMZN, COST
Q1 2024 1,172$5.9BTSLA, AMD, ADBE, MSFT, AZO