R Squared Ltd
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), R Squared Ltd reported 289 stock positions worth $93.6 million. Its top holding was Frontier Communications Pare (FYBR) at 2.3% of the portfolio, followed by Walt Disney (DIS, 1.7%) and Hilton Worldwide (HLT, 1.7%). Compared with Q4 2024, it opened 57 new positions, sold out of 1,339, added to 203 and reduced 29. The biggest buy was Frontier Communications Pare (FYBR, shares +485%) and the biggest sale Linde (LIN, shares −74%).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001896148
- Portfolio Value
- $93.6M (Q1 2025)
- SEC Filing
- 0001896148-25-000003 ↗ filed May 9, 2025
Holdings Value
Holdings 289 stocks · $93.6M
| FYBR Frontier Communications Pare | 2.34% | 61,160 | $2.2M | Add +485.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.70% | 16,070 | $1.6M | Add +13291.7% |
| HLT Hilton Worldwide Holdings Inc. | 1.69% | 6,950 | $1.6M | Add +105.0% |
| INFY Infosys Ltd.-SP ADR | 1.59% | 81,570 | $1.5M | Add +236.0% |
| META Meta Platforms Inc. Class A | 1.26% | 2,050 | $1.2M | Add +125.3% |
| ADSK Autodesk Inc. | 1.23% | 4,390 | $1.1M | Add +713.0% |
| WMT Walmart Inc. | 1.18% | 12,550 | $1.1M | Add +360.4% |
| PNC PNC Financial Services Group | 1.09% | 5,810 | $1.0M | Add +654.5% |
| HON Honeywell International Inc. | 1.08% | 4,790 | $1.0M | Add +2180.9% |
| USB US Bancorp | 1.08% | 23,830 | $1.0M | Add +4874.9% |
| MSCI MSCI Inc. | 1.01% | 1,670 | $944K | Add +169.3% |
| AON Aon PLC Class A | 0.95% | 2,230 | $890K | Add +1758.3% |
| GD General Dynamics Corp. | 0.89% | 3,060 | $834K | New |
| MCO Moody's Corp. | 0.85% | 1,710 | $796K | Add +205.4% |
| PKG Packaging Corp. of America | 0.85% | 4,010 | $794K | Add +12.1% |
| ARGX Argenx SE - ADR | 0.85% | 1,340 | $793K | New |
| BSX Boston Scientific Corp. | 0.81% | 7,530 | $760K | Add +8266.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.79% | 4,470 | $742K | Add +4370.0% |
| ICE Intercontinental Exchange Inc. | 0.79% | 4,300 | $742K | Reduce -20.0% |
| PNW Pinnacle West Capital | 0.79% | 7,750 | $738K | Add +60.5% |
| NVR NVR Inc. | 0.77% | 100 | $724K | Add +100.0% |
| FISV Fiserv Inc. | 0.77% | 3,280 | $724K | Add +362.0% |
| NOW ServiceNow Inc. | 0.77% | 900 | $717K | Add +4400.0% |
| IQV Iqvia Holdings Inc. | 0.76% | 4,010 | $707K | Add +119.1% |
| GILD Gilead Sciences Inc. | 0.75% | 6,290 | $705K | New |
| NVDA Nvidia Corp. | 0.75% | 6,480 | $702K | Add +204.1% |
| FE Firstenergy Corp. | 0.74% | 17,060 | $690K | Reduce -40.5% |
| LIN Linde PLC | 0.74% | 1,480 | $689K | Reduce -74.0% |
| EXC Exelon Corp. | 0.73% | 14,810 | $682K | Add +270.3% |
| MORN Morningstar Inc. | 0.72% | 2,240 | $672K | Add +1766.7% |
| SHOP Shopify Inc. Class A | 0.71% | 6,922 | $661K | Add +476.8% |
| RGA Reinsurance Group of America | 0.67% | 3,160 | $622K | Add +1.0% |
| HUBB Hubbell Inc. | 0.65% | 1,830 | $606K | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.64% | 4,950 | $603K | New |
| BAP Credicorp Ltd. | 0.62% | 3,130 | $583K | Add +233.0% |
| CRM Salesforce Inc. | 0.61% | 2,130 | $572K | New |
| COST Costco Wholesale Corp. | 0.61% | 600 | $567K | New |
| IT Gartner Inc. | 0.61% | 1,350 | $567K | Add +125.0% |
| AVGO Broadcom Inc. | 0.59% | 3,300 | $553K | Add +1841.2% |
| K Kellanova | 0.59% | 6,697 | $552K | New |
| ESGR Enstar Group Ltd. | 0.59% | 1,660 | $552K | Add +207.4% |
| CL Colgate-Palmolive Co. | 0.58% | 5,840 | $547K | Add +222.7% |
| CSX CSX Corp. | 0.58% | 18,540 | $546K | New |
| CVS CVS Health Corp. | 0.57% | 7,820 | $530K | Add +88.9% |
| TEAM Atlassian Corp. Class A | 0.56% | 2,491 | $529K | Add +8203.3% |
| BHP BHP Group Ltd.-Spon ADR | 0.56% | 10,730 | $521K | Add +65.3% |
| CNC Centene Corp. | 0.55% | 8,520 | $517K | Add +526.5% |
| RDDT Reddit Inc. Class A | 0.55% | 4,866 | $510K | Add +48560.0% |
| AXP American Express Co. | 0.54% | 1,890 | $509K | Add +221.7% |
| OTIS Otis Worldwide Corp. | 0.53% | 4,840 | $499K | Add +813.2% |
| FLUT Flutter Entertainment PLC-Di | 0.53% | 2,230 | $494K | Add +669.0% |
| PEP Pepsico Inc. | 0.52% | 3,260 | $489K | Add +3975.0% |
| VZ Verizon Communications Inc. | 0.51% | 10,590 | $480K | Reduce -55.5% |
| TSN Tyson Foods Inc. Class A | 0.50% | 7,310 | $466K | Add +140.5% |
| ETR Entergy Corp. | 0.49% | 5,408 | $462K | New |
| KOF Coca-Cola Femsa Sab-SP ADR | 0.48% | 4,940 | $451K | Add +78.3% |
| GOOGL Alphabet Inc. Class A | 0.48% | 2,900 | $448K | New |
| PCG P G & E Corp. | 0.48% | 26,050 | $448K | Add +13610.5% |
| ZBRA Zebra Technologies Corp. Class A | 0.48% | 1,580 | $446K | Add +39.8% |
| GVA Granite Construction Inc. | 0.47% | 5,870 | $443K | Add +144.6% |
| TFC Truist Financial Corp. | 0.47% | 10,610 | $437K | New |
| TYL Tyler Technologies Inc. | 0.47% | 750 | $436K | Reduce -25.7% |
| DHR Danaher Corp. | 0.46% | 2,120 | $435K | Add +488.9% |
| CMI Cummins Inc. | 0.46% | 1,380 | $433K | New |
| WEN The Wendy's Co. | 0.45% | 28,890 | $423K | Add +72.2% |
| HOLX Hologic Inc. | 0.45% | 6,810 | $421K | New |
| FITB Fifth Third Bancorp | 0.45% | 10,670 | $418K | New |
| DTE DTE Energy Company | 0.44% | 2,990 | $413K | New |
| ZTS Zoetis Inc. | 0.44% | 2,500 | $412K | Add +64.5% |
| FNF Fidelity National Financial | 0.44% | 6,320 | $411K | Add +177.2% |
| AER Aercap Holdings NV | 0.44% | 4,010 | $410K | New |
| PM Philip Morris International | 0.43% | 2,560 | $406K | Add +62.0% |
| PRI Primerica Inc. | 0.42% | 1,380 | $393K | Reduce -15.8% |
| BMRN Biomarin Pharmaceutical Inc. | 0.42% | 5,550 | $392K | Add +201.6% |
| NDAQ Nasdaq Inc. | 0.42% | 5,150 | $391K | Add +668.7% |
| CPNG Coupang Inc. | 0.42% | 17,740 | $389K | Add +3185.2% |
| CP Canadian Pacific Kansas City | 0.41% | 5,520 | $388K | Add +83.4% |
| MSGS Madison Square Garden Sports | 0.41% | 1,990 | $387K | New |
| EXE Expand Energy Corp. | 0.41% | 3,460 | $385K | Add +307.1% |
| ORCL Oracle Corp. | 0.41% | 2,750 | $384K | Add +1733.3% |
| TRGP Targa Resources Corp. | 0.41% | 1,910 | $383K | Add +6.1% |
| IDA Idacorp Inc. | 0.40% | 3,260 | $379K | Add +10766.7% |
| BIIB Biogen Inc. | 0.40% | 2,760 | $378K | Add +249.4% |
| PCTY Paylocity Holding Corp. | 0.40% | 2,010 | $377K | New |
| ISRG Intuitive Surgical Inc. | 0.40% | 760 | $376K | Add +58.0% |
| ADBE Adobe Inc. | 0.40% | 980 | $376K | Add +209.2% |
| SFM Sprouts Farmers Market Inc. | 0.40% | 2,450 | $374K | Reduce -22.2% |
| SYY Sysco Corp. | 0.40% | 4,980 | $374K | New |
| CDW CDW Corp. | 0.40% | 2,330 | $373K | New |
| MRK Merck & Co. Inc. | 0.40% | 4,150 | $373K | New |
| WTW Willis Towers Watson PLC | 0.40% | 1,100 | $372K | New |
| LMT Lockheed Martin Corp. | 0.40% | 830 | $371K | Add +69.4% |
| FTI Technipfmc PLC | 0.40% | 11,690 | $370K | Add +95.8% |
| KBR KBR Inc. | 0.40% | 7,430 | $370K | Add +312.8% |
| LAD Lithia Motors Inc. | 0.39% | 1,250 | $367K | Add +4066.7% |
| WAB Wabtec Corp. | 0.39% | 2,010 | $365K | Reduce -5.4% |
| WDFC WD-40 Co. | 0.38% | 1,470 | $359K | Add +153.4% |
| WCN Waste Connections Inc. | 0.38% | 1,830 | $357K | Reduce -53.5% |
| VLTO Veralto Corp. | 0.38% | 3,650 | $356K | New |
| PNR Pentair PLC | 0.38% | 4,060 | $355K | Add +1833.3% |
Portfolio Sells Q4 2024 → Q1 2025
| LIN Linde PLC | Reduce -74.0% | 0.74% | −1.58 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.99 |
| EDR Endeavor Group Hold Class A | Sold out | 0.00% | −0.92 |
| MDT Medtronic PLC | Sold out | 0.00% | −0.89 |
| ED Consolidated Edison Inc. | Reduce -80.4% | 0.25% | −0.69 |
| PGR Progressive Corp. | Sold out | 0.00% | −0.67 |
| MRSH Marsh & McLennan Cos | Sold out | 0.00% | −0.66 |
| C Citigroup Inc. | Reduce -72.7% | 0.25% | −0.59 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.54 |
| COP Conocophillips | Sold out | 0.00% | −0.54 |
| SO The Southern Co. | Sold out | 0.00% | −0.51 |
| URI United Rentals Inc. | Sold out | 0.00% | −0.50 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.48 |
| LHX L3HARRIS Technologies Inc. | Sold out | 0.00% | −0.48 |
| AMP Ameriprise Financial Inc. | Sold out | 0.00% | −0.48 |
| CPAY Corpay Inc. | Sold out | 0.00% | −0.46 |
| DUK Duke Energy Corp. | Sold out | 0.00% | −0.44 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.43 |
| ECL Ecolab Inc. | Reduce -62.5% | 0.34% | −0.43 |
| VZ Verizon Communications Inc. | Reduce -55.5% | 0.51% | −0.41 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.41 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.39 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.38 |
| AZO AutoZone Inc. | Sold out | 0.00% | −0.37 |
| FE Firstenergy Corp. | Reduce -40.5% | 0.74% | −0.37 |
| IR Ingersoll-Rand Inc. | Sold out | 0.00% | −0.34 |
| SU Suncor Energy Inc. | Sold out | 0.00% | −0.32 |
| HES Hess Corp. | Sold out | 0.00% | −0.32 |
| MSFT Microsoft Corp. | Reduce -53.9% | 0.26% | −0.32 |
| CRH CRH PLC | Sold out | 0.00% | −0.32 |
| PEG Public Service Enterprise GP | Sold out | 0.00% | −0.31 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.31 |
| VIK Viking Holdings Ltd. | Sold out | 0.00% | −0.31 |
| ROST Ross Stores Inc. | Sold out | 0.00% | −0.31 |
| ITT Itt Inc. | Sold out | 0.00% | −0.30 |
| EQH Equitable Holdings Inc. | Sold out | 0.00% | −0.30 |
| FICO Fair Isaac Corp. | Sold out | 0.00% | −0.29 |
| DASH DoorDash Inc. Class A | Sold out | 0.00% | −0.29 |
| TTE Totalenergies SE -Spon ADR | Sold out | 0.00% | −0.29 |
| APH Amphenol Corp. Class A | Sold out | 0.00% | −0.28 |
| WCN Waste Connections Inc. | Reduce -53.5% | 0.38% | −0.28 |
| ROP Roper Technologies Inc. | Sold out | 0.00% | −0.27 |
| MNST Monster Beverage Corp. | Sold out | 0.00% | −0.27 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.26 |
| MSI Motorola Solutions Inc. | Reduce -42.3% | 0.37% | −0.25 |
| JHG Janus Henderson Group PLC | Sold out | 0.00% | −0.24 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.24 |
| DECK Deckers Outdoor Corp. | Sold out | 0.00% | −0.23 |
| GM General Motors Co. | Sold out | 0.00% | −0.22 |
| TW Tradeweb Markets Inc. Class A | Sold out | 0.00% | −0.22 |
Portfolio Buys Q4 2024 → Q1 2025
| FYBR Frontier Communications Pare | Add +485.3% | 2.34% | +1.99 |
| DIS The Walt Disney Co. | Add +13291.7% | 1.70% | +1.68 |
| INFY Infosys Ltd.-SP ADR | Add +236.0% | 1.59% | +1.07 |
| ADSK Autodesk Inc. | Add +713.0% | 1.23% | +1.07 |
| USB US Bancorp | Add +4874.9% | 1.08% | +1.05 |
| HON Honeywell International Inc. | Add +2180.9% | 1.08% | +1.04 |
| PNC PNC Financial Services Group | Add +654.5% | 1.09% | +0.95 |
| WMT Walmart Inc. | Add +360.4% | 1.18% | +0.94 |
| AON Aon PLC Class A | Add +1758.3% | 0.95% | +0.91 |
| GD General Dynamics Corp. | New | 0.89% | +0.89 |
| HLT Hilton Worldwide Holdings Inc. | Add +105.0% | 1.69% | +0.88 |
| ARGX Argenx SE - ADR | New | 0.85% | +0.85 |
| BSX Boston Scientific Corp. | Add +8266.7% | 0.81% | +0.80 |
| TSM Taiwan Semiconductor-SP ADR | Add +4370.0% | 0.79% | +0.77 |
| GILD Gilead Sciences Inc. | New | 0.75% | +0.75 |
| NOW ServiceNow Inc. | Add +4400.0% | 0.77% | +0.75 |
| META Meta Platforms Inc. Class A | Add +125.3% | 1.26% | +0.74 |
| MORN Morningstar Inc. | Add +1766.7% | 0.72% | +0.68 |
| MSCI MSCI Inc. | Add +169.3% | 1.01% | +0.65 |
| HUBB Hubbell Inc. | New | 0.65% | +0.65 |
| TJX TJX Companies Inc. | New | 0.64% | +0.64 |
| FISV Fiserv Inc. | Add +362.0% | 0.77% | +0.63 |
| CRM Salesforce Inc. | New | 0.61% | +0.61 |
| COST Costco Wholesale Corp. | New | 0.61% | +0.61 |
| MCO Moody's Corp. | Add +205.4% | 0.85% | +0.59 |
| K Kellanova | New | 0.59% | +0.59 |
| CSX CSX Corp. | New | 0.58% | +0.58 |
| EXC Exelon Corp. | Add +270.3% | 0.73% | +0.58 |
| SHOP Shopify Inc. Class A | Add +476.8% | 0.71% | +0.58 |
| TEAM Atlassian Corp. Class A | Add +8203.3% | 0.56% | +0.56 |
| AVGO Broadcom Inc. | Add +1841.2% | 0.59% | +0.55 |
| RDDT Reddit Inc. Class A | Add +48560.0% | 0.55% | +0.54 |
| AXP American Express Co. | Add +221.7% | 0.54% | +0.54 |
| PEP Pepsico Inc. | Add +3975.0% | 0.52% | +0.51 |
| ETR Entergy Corp. | New | 0.49% | +0.49 |
| OTIS Otis Worldwide Corp. | Add +813.2% | 0.53% | +0.49 |
| GOOGL Alphabet Inc. Class A | New | 0.48% | +0.48 |
| PCG P G & E Corp. | Add +13610.5% | 0.48% | +0.47 |
| CNC Centene Corp. | Add +526.5% | 0.55% | +0.47 |
| NVDA Nvidia Corp. | Add +204.1% | 0.75% | +0.47 |
| TFC Truist Financial Corp. | New | 0.47% | +0.47 |
| CMI Cummins Inc. | New | 0.46% | +0.46 |
| BAP Credicorp Ltd. | Add +233.0% | 0.62% | +0.46 |
| FLUT Flutter Entertainment PLC-Di | Add +669.0% | 0.53% | +0.46 |
| HOLX Hologic Inc. | New | 0.45% | +0.45 |
| FITB Fifth Third Bancorp | New | 0.45% | +0.45 |
| DTE DTE Energy Company | New | 0.44% | +0.44 |
| AER Aercap Holdings NV | New | 0.44% | +0.44 |
| CL Colgate-Palmolive Co. | Add +222.7% | 0.58% | +0.42 |
| ESGR Enstar Group Ltd. | Add +207.4% | 0.59% | +0.42 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 509 | $190.4M | TXNM, PEN, NVDA, C, TSM |
| Q1 2026 | 477 | $182.1M | HOLX, AAPL, TXNM, EA, MSFT |
| Q4 2025 | 513 | $214.0M | FYBR, LIN, BLK, EA, MSI |
| Q3 2025 | 537 | $232.4M | FYBR, BSX, SCHW, LIN, HON |
| Q2 2025 | 458 | $181.4M | MCD, K, BRK.B, IT, PGR |
| Q1 2025 | 289 | $93.6M | FYBR, DIS, HLT, INFY, META |
| Q4 2024 | 1,571 | $102.8M | LIN, FE, ETN, ED, VZ |