Quadrature Capital Ltd
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Quadrature Capital Ltd reported 1,032 stock positions worth $4.5 billion. Its top holding was Canadian Natl Railway (CNI) at 4.8% of the portfolio, followed by Broadcom (AVGO, 4.7%) and Meta Platforms Class A (META, 2.7%). Compared with Q4 2024, it opened 584 new positions, sold out of 536, added to 205 and reduced 241. The biggest buy was Broadcom (AVGO, shares +947%) and the biggest sale an exit from Nvidia (NVDA).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001651424
- Portfolio Value
- $4.5B (Q1 2025)
- SEC Filing
- 0001651424-25-000006 ↗ filed May 13, 2025
Holdings Value
Holdings 1,032 stocks · $4.5B
| CNI Canadian Natl Railway Co. | 4.80% | 2,210,700 | $216.4M | Add +108.1% |
| AVGO Broadcom Inc. | 4.71% | 1,269,112 | $212.6M | Add +946.7% |
| META Meta Platforms Inc. Class A | 2.70% | 210,906 | $121.6M | Reduce -39.9% |
| CNQ Canadian Natural Resources | 2.47% | 3,597,900 | $111.4M | Add +224.5% |
| XLB SS Materials Select Sector | 2.20% | 1,154,303 | $99.2M | Add +5346.9% |
| CVE Cenovus Energy Inc. | 1.90% | 6,118,900 | $85.6M | Add +18.2% |
| STLA Stellantis NV | 1.67% | 6,785,857 | $75.4M | New |
| TD Toronto-Dominion Bank | 1.63% | 1,218,300 | $73.5M | Add +16.8% |
| RY Royal Bank of Canada | 1.62% | 643,700 | $73.0M | Add +180.5% |
| GOOG Alphabet Inc. Class C | 1.37% | 397,121 | $62.0M | Reduce -37.9% |
| COIN Coinbase Global Inc. Class A | 1.35% | 351,777 | $60.7M | Add +31.9% |
| EQIX Equinix Inc. | 1.12% | 62,082 | $50.6M | Add +2829.8% |
| SOXX iShares Semiconductor ETF | 1.09% | 261,752 | $49.2M | New |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 1.09% | 1,028,500 | $49.1M | New |
| HOOD Robinhood Markets Inc. Class A | 1.08% | 1,168,769 | $48.6M | Add +113.2% |
| APP AppLovin Corp. Class A | 0.92% | 155,937 | $41.3M | Reduce -7.6% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 0.90% | 715,100 | $40.5M | New |
| VNQ Vanguard Real Estate ETF | 0.90% | 445,840 | $40.4M | Add +9.3% |
| IYR iShares US Real Estate ETF | 0.86% | 407,150 | $39.0M | Add +35.9% |
| KRE SS SPDR S&P Regional Bank | 0.86% | 682,463 | $38.8M | New |
| QYLD Global X Nasd 100 Cov Call | 0.80% | 2,165,298 | $36.0M | New |
| TEM Tempus AI Inc. Class A | 0.78% | 724,817 | $35.0M | Add +3012.0% |
| ASHR Xtrackers Harvest Csi 300 CH | 0.77% | 1,314,117 | $34.9M | New |
| MELI MercadoLibre Inc. | 0.76% | 17,673 | $34.5M | New |
| INDA iShares MSCI India ETF | 0.76% | 667,949 | $34.4M | New |
| PLTR Palantir Technologies Inc. Class A | 0.76% | 405,843 | $34.2M | New |
| TEAM Atlassian Corp. Class A | 0.74% | 157,692 | $33.5M | Add +2002.6% |
| XLE SS Energy Select Sector | 0.70% | 337,895 | $31.6M | Add +18.2% |
| SCHH Schwab US REIT ETF | 0.69% | 1,455,557 | $31.3M | Add +44.4% |
| TMO Thermo Fisher Scientific Inc. | 0.64% | 57,847 | $28.8M | Add +424.4% |
| EWZ iShares MSCI Brazil ETF | 0.64% | 1,110,848 | $28.7M | New |
| SE Sea Ltd.-ADR | 0.63% | 217,457 | $28.4M | Add +102.6% |
| F Ford Motor Co. filed as FORD MTR CO | 0.62% | 2,801,926 | $28.1M | New |
| SLV iShares Silver Trust | 0.62% | 902,077 | $28.0M | New |
| FAS Dirx DLY Finacial B3X ETF-Ui | 0.57% | 162,322 | $25.7M | Add +4.6% |
| KBWB Invesco KBW Bank ETF | 0.54% | 390,351 | $24.5M | Add +604.7% |
| XLF SS Financial Select Sector | 0.53% | 481,012 | $24.0M | Add +21.0% |
| ISRG Intuitive Surgical Inc. | 0.53% | 47,932 | $23.7M | New |
| GEV GE Vernova Inc. | 0.52% | 77,486 | $23.7M | Add +18.3% |
| SNOW Snowflake Inc. | 0.52% | 160,252 | $23.4M | Add +163.6% |
| BX Blackstone Inc. | 0.51% | 165,342 | $23.1M | New |
| NEE Nextera Energy Inc. | 0.51% | 325,618 | $23.1M | Add +19.8% |
| LMT Lockheed Martin Corp. | 0.51% | 51,673 | $23.1M | Add +79.8% |
| KBE SS SPDR S&P Bank ETF | 0.51% | 430,599 | $22.8M | New |
| BSX Boston Scientific Corp. | 0.50% | 225,596 | $22.7M | Add +1046.3% |
| PDD PDD Holdings Inc. | 0.50% | 190,375 | $22.5M | New |
| SMH Vaneck Semiconductor ETF | 0.49% | 104,105 | $22.0M | New |
| FDX FedEx Corp. | 0.48% | 89,249 | $21.8M | New |
| GLDM SPDR Gold Minishares Trust | 0.48% | 346,297 | $21.4M | New |
| RDDT Reddit Inc. Class A | 0.47% | 203,836 | $21.4M | Add +571.2% |
| CWB SS SPDR BB Conv Sec ETF | 0.47% | 274,499 | $21.0M | Add +123.8% |
| XLRE SS Real Estate Select Sector | 0.47% | 501,575 | $21.0M | Add +34.4% |
| HIMS Hims & Hers Health Inc. | 0.46% | 709,094 | $21.0M | Add +955.6% |
| KLAC KLA Corp. | 0.46% | 30,353 | $20.6M | Reduce -33.6% |
| RBLX Roblox Corp. Class A | 0.45% | 349,647 | $20.4M | Add +208.2% |
| QCOM Qualcomm Inc. | 0.44% | 128,169 | $19.7M | Add +118.6% |
| TS Tenaris SA-ADR | 0.43% | 997,607 | $19.5M | Add +3.5% |
| BKNG Booking Holdings Inc. | 0.43% | 4,231 | $19.5M | Add +26.3% |
| IWN iShares Russell 2000 Value E | 0.41% | 122,531 | $18.5M | New |
| UBER Uber Technologies Inc. | 0.40% | 248,369 | $18.1M | Reduce -21.9% |
| HUBS HubSpot Inc. | 0.40% | 31,791 | $18.1M | Add +311.1% |
| HLT Hilton Worldwide Holdings Inc. | 0.39% | 76,928 | $17.5M | New |
| CCJ Cameco Corp. | 0.38% | 408,800 | $16.9M | Reduce -29.7% |
| RCI Rogers Communications Inc. Class B | 0.37% | 625,600 | $16.8M | Reduce -73.3% |
| SQQQ Proshares TR | 0.37% | 433,739 | $16.6M | New |
| CSCO Cisco Systems Inc. | 0.37% | 268,307 | $16.6M | New |
| BLK BlackRock Inc. | 0.37% | 17,419 | $16.5M | Add +21.4% |
| NVR NVR Inc. | 0.36% | 2,236 | $16.2M | Add +605.4% |
| NOW ServiceNow Inc. | 0.36% | 20,348 | $16.2M | New |
| ZS Zscaler Inc. | 0.35% | 79,412 | $15.8M | New |
| MA Mastercard Inc. Class A | 0.35% | 28,689 | $15.7M | Add +110.5% |
| VZ Verizon Communications Inc. | 0.34% | 340,469 | $15.4M | Add +951.1% |
| LRCX Lam Research Corp. | 0.34% | 211,646 | $15.4M | Reduce -13.0% |
| XOM Exxon Mobil Corp. | 0.34% | 129,173 | $15.4M | Add +808.3% |
| ETN Eaton Corp. PLC | 0.34% | 56,166 | $15.3M | Add +113.9% |
| CHTR Charter Communications Inc. Class A | 0.33% | 40,820 | $15.0M | New |
| SGOL Abrdn Physical Gold Shares | 0.33% | 495,875 | $14.8M | New |
| COP Conocophillips | 0.33% | 140,621 | $14.8M | Add +90.5% |
| MMM 3M Co. | 0.32% | 99,703 | $14.6M | Add +156.5% |
| PGR Progressive Corp. | 0.32% | 50,485 | $14.3M | Reduce -27.0% |
| TXN Texas Instruments Inc. | 0.32% | 79,080 | $14.2M | New |
| UAL United Airlines Holdings Inc. | 0.31% | 200,852 | $13.9M | Add +47.3% |
| KKR KKR & Co. Inc. | 0.31% | 119,704 | $13.8M | Add +325.8% |
| SPXL Direxion Daily S&P 500 Bull | 0.30% | 97,760 | $13.7M | Add +102.9% |
| MRK Merck & Co. Inc. | 0.30% | 152,265 | $13.7M | Reduce -6.1% |
| ADI Analog Devices Inc. | 0.28% | 63,662 | $12.8M | New |
| PBA Pembina Pipeline Corp. | 0.28% | 310,000 | $12.5M | Reduce -10.5% |
| XLP SS Consumer Staples Sel Sect | 0.28% | 152,533 | $12.5M | Reduce -78.4% |
| PPH Vaneck Pharmaceutical ETF | 0.27% | 135,786 | $12.4M | Add +1471.8% |
| NOC Northrop Grumman Corp. | 0.27% | 23,841 | $12.2M | Add +580.2% |
| FCNCA First Citizens Bcshs Class A | 0.27% | 6,473 | $12.0M | Add +874.9% |
| DPST Dirx DLY RGNL BNK B3X ETF-Ui | 0.26% | 136,479 | $11.8M | New |
| GM General Motors Co. | 0.26% | 251,333 | $11.8M | Reduce -24.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.26% | 52,763 | $11.7M | Add +332.6% |
| EWH iShares MSCI Hong Kong ETF | 0.25% | 649,329 | $11.4M | New |
| IWM iShares Russell 2000 ETF | 0.25% | 56,323 | $11.2M | Reduce -51.1% |
| NET Cloudflare Inc. Class A | 0.25% | 99,579 | $11.2M | New |
| XYLD Global X S&P 500 Cove Call E | 0.25% | 282,676 | $11.2M | New |
| TNA Dir Dai SML Ca Bul 3X Et-Usd | 0.25% | 378,658 | $11.1M | Reduce -35.3% |
| MINT PIMCO Enhanced Short Maturit | 0.24% | 109,402 | $11.0M | New |
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Sold out | 0.00% | −3.66 |
| TSLA Tesla Inc. | Sold out | 0.00% | −3.31 |
| RACE Ferrari NV | Sold out | 0.00% | −2.90 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −2.36 |
| UNH Unitedhealth Group Inc. | Reduce -96.2% | 0.10% | −2.18 |
| WCN Waste Connections Inc. | Sold out | 0.00% | −1.87 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −1.46 |
| META Meta Platforms Inc. Class A | Reduce -39.9% | 2.70% | −1.42 |
| DIA SS SPDR Dow Jones Indus Avg | Sold out | 0.00% | −1.17 |
| RCI Rogers Communications Inc. Class B | Reduce -73.3% | 0.37% | −1.07 |
| GOOG Alphabet Inc. Class C | Reduce -37.9% | 1.37% | −1.06 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −0.98 |
| MCK McKesson Corp. | Sold out | 0.00% | −0.89 |
| XLP SS Consumer Staples Sel Sect | Reduce -78.4% | 0.28% | −0.84 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.81 |
| SPOT Spotify Technology SA | Reduce -85.9% | 0.18% | −0.77 |
| PG The Procter & Gamble Co. | Reduce -95.5% | 0.04% | −0.77 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.76 |
| JEPI JPMorgan Equity Premium Inco | Sold out | 0.00% | −0.75 |
| VST Vistra Corp. | Sold out | 0.00% | −0.63 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Sold out | 0.00% | −0.62 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.58 |
| HCA HCA Healthcare Inc. | Reduce -97.0% | 0.02% | −0.57 |
| CEG Constellation Energy | Sold out | 0.00% | −0.56 |
| VGLT Vanguard Long-Term Treasury | Sold out | 0.00% | −0.53 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.52 |
| VHT Vanguard Health Care ETF | Sold out | 0.00% | −0.52 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.49 |
| MSI Motorola Solutions Inc. | Reduce -71.7% | 0.20% | −0.47 |
| TDG Transdigm Group Inc. | Reduce -88.1% | 0.08% | −0.46 |
| EWY iShares MSCI South Korea ETF | Sold out | 0.00% | −0.45 |
| VDE Vanguard Energy ETF | Reduce -94.2% | 0.03% | −0.45 |
| FNV Franco-Nevada Corp. | Sold out | 0.00% | −0.44 |
| SHY iShares 1-3 Year Treasury Bo | Sold out | 0.00% | −0.41 |
| GDXJ Vaneck Junior Gold Miners | Sold out | 0.00% | −0.41 |
| WPM Wheaton Precious Metals Corp. | Reduce -91.2% | 0.06% | −0.38 |
| PFF iShares Preferred & Income S | Sold out | 0.00% | −0.38 |
| BITB Bitwise Bitcoin ETF | Sold out | 0.00% | −0.37 |
| IWD iShares Russell 1000 Value E | Sold out | 0.00% | −0.37 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.36 |
| PGX Invesco Preferred ETF | Sold out | 0.00% | −0.30 |
| XHB SS SPDR S&P Homebldrs ETF | Reduce -97.6% | 0.01% | −0.30 |
| IUSV iShares Core S&P U.S. Value | Sold out | 0.00% | −0.30 |
| SHW The Sherwin-Williams Co. | Reduce -79.2% | 0.09% | −0.29 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −0.29 |
| MARA Mara Holdings Inc. | Sold out | 0.00% | −0.29 |
| PM Philip Morris International | Reduce -82.8% | 0.09% | −0.28 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.28 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.27 |
| IVE iShares S&P 500 Value ETF | Sold out | 0.00% | −0.27 |
Portfolio Buys Q4 2024 → Q1 2025
| AVGO Broadcom Inc. | Add +946.7% | 4.71% | +4.15 |
| CNI Canadian Natl Railway Co. | Add +108.1% | 4.80% | +2.63 |
| XLB SS Materials Select Sector | Add +5346.9% | 2.20% | +2.16 |
| CNQ Canadian Natural Resources | Add +224.5% | 2.47% | +1.78 |
| STLA Stellantis NV | New | 1.67% | +1.67 |
| SOXX iShares Semiconductor ETF | New | 1.09% | +1.09 |
| BNS Bank of Nova Scotia | New | 1.09% | +1.09 |
| EQIX Equinix Inc. | Add +2829.8% | 1.12% | +1.08 |
| RY Royal Bank of Canada | Add +180.5% | 1.62% | +1.06 |
| CM Can Imperial BK of Commerce | New | 0.90% | +0.90 |
| KRE SS SPDR S&P Regional Bank | New | 0.86% | +0.86 |
| QYLD Global X Nasd 100 Cov Call | New | 0.80% | +0.80 |
| ASHR Xtrackers Harvest Csi 300 CH | New | 0.77% | +0.77 |
| MELI MercadoLibre Inc. | New | 0.76% | +0.76 |
| INDA iShares MSCI India ETF | New | 0.76% | +0.76 |
| TEM Tempus AI Inc. Class A | Add +3012.0% | 0.78% | +0.76 |
| PLTR Palantir Technologies Inc. Class A | New | 0.76% | +0.76 |
| TEAM Atlassian Corp. Class A | Add +2002.6% | 0.74% | +0.71 |
| HOOD Robinhood Markets Inc. Class A | Add +113.2% | 1.08% | +0.67 |
| EWZ iShares MSCI Brazil ETF | New | 0.64% | +0.64 |
| F Ford Motor Co. | New | 0.62% | +0.62 |
| SLV iShares Silver Trust | New | 0.62% | +0.62 |
| ISRG Intuitive Surgical Inc. | New | 0.53% | +0.53 |
| TMO Thermo Fisher Scientific Inc. | Add +424.4% | 0.64% | +0.52 |
| TD Toronto-Dominion Bank | Add +16.8% | 1.63% | +0.51 |
| BX Blackstone Inc. | New | 0.51% | +0.51 |
| KBE SS SPDR S&P Bank ETF | New | 0.51% | +0.51 |
| PDD PDD Holdings Inc. | New | 0.50% | +0.50 |
| SMH Vaneck Semiconductor ETF | New | 0.49% | +0.49 |
| FDX FedEx Corp. | New | 0.48% | +0.48 |
| GLDM SPDR Gold Minishares Trust | New | 0.48% | +0.48 |
| KBWB Invesco KBW Bank ETF | Add +604.7% | 0.54% | +0.47 |
| BSX Boston Scientific Corp. | Add +1046.3% | 0.50% | +0.47 |
| HIMS Hims & Hers Health Inc. | Add +955.6% | 0.46% | +0.43 |
| IWN iShares Russell 2000 Value E | New | 0.41% | +0.41 |
| SE Sea Ltd.-ADR | Add +102.6% | 0.63% | +0.40 |
| HLT Hilton Worldwide Holdings Inc. | New | 0.39% | +0.39 |
| RDDT Reddit Inc. Class A | Add +571.2% | 0.47% | +0.37 |
| SQQQ Proshares TR | New | 0.37% | +0.37 |
| CSCO Cisco Systems Inc. | New | 0.37% | +0.37 |
| NOW ServiceNow Inc. | New | 0.36% | +0.36 |
| ZS Zscaler Inc. | New | 0.35% | +0.35 |
| CHTR Charter Communications Inc. Class A | New | 0.33% | +0.33 |
| SNOW Snowflake Inc. | Add +163.6% | 0.52% | +0.33 |
| SGOL Abrdn Physical Gold Shares | New | 0.33% | +0.33 |
| CVE Cenovus Energy Inc. | Add +18.2% | 1.90% | +0.33 |
| RBLX Roblox Corp. Class A | Add +208.2% | 0.45% | +0.32 |
| VZ Verizon Communications Inc. | Add +951.1% | 0.34% | +0.32 |
| TXN Texas Instruments Inc. | New | 0.32% | +0.32 |
| XOM Exxon Mobil Corp. | Add +808.3% | 0.34% | +0.31 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,542 | $11.7B | AMD, INTC, ASML, STX, AMZN |
| Q1 2026 | 1,313 | $8.4B | ASML, UNH, GLD, SAP, MU |
| Q4 2025 | 1,217 | $9.8B | AMD, UNH, MU, LLY, CNI |
| Q3 2025 | 993 | $8.5B | PLTR, NVDA, NFLX, HOOD, RY |
| Q2 2025 | 999 | $5.8B | NVDA, AAPL, UNH, MSFT, NFLX |
| Q1 2025 | 1,032 | $4.5B | CNI, AVGO, META, CNQ, XLB |
| Q4 2024 | 984 | $5.0B | META, NVDA, TSLA, RACE, GOOG |
| Q3 2024 | 925 | $4.4B | TD, MSFT, SHOP, META, CNI |
| Q2 2024 | 1,088 | $6.0B | AAPL, CNI, AVGO, AMZN, COST |
| Q1 2024 | 1,172 | $5.9B | TSLA, AMD, ADBE, MSFT, AZO |