R Squared Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 31, 2025), R Squared Ltd reported 458 stock positions worth $181.4 million. Its top holding was McDonald's (MCD) at 2.2% of the portfolio, followed by Kellanova (K, 2.0%) and Berkshire Hathaway Class B (BRK.B, 1.2%). Compared with Q1 2025, it opened 288 new positions, sold out of 119, added to 108 and reduced 61. The biggest buy was a new position in McDonald's (MCD) and the biggest sale Frontier Communications Pare (FYBR, shares −84%).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001896148
- Portfolio Value
- $181.4M (Q2 2025)
- SEC Filing
- 0001896148-25-000006 ↗ filed Jul 31, 2025
Holdings Value
Holdings 458 stocks · $181.4M
| MCD McDonald's Corp. | 2.19% | 13,589 | $4.0M | New |
| K Kellanova | 2.02% | 46,146 | $3.7M | Add +589.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.21% | 4,513 | $2.2M | New |
| IT Gartner Inc. | 1.19% | 5,340 | $2.2M | Add +295.6% |
| PGR Progressive Corp. | 1.17% | 7,924 | $2.1M | New |
| LIN Linde PLC | 1.11% | 4,277 | $2.0M | Add +189.0% |
| PLTR Palantir Technologies Inc. Class A | 1.09% | 14,464 | $2.0M | New |
| TTWO Take-Two Interactive Softwre | 1.07% | 8,026 | $1.9M | New |
| RSG Republic Services Inc. | 1.07% | 7,899 | $1.9M | New |
| ABBV Abbvie Inc. | 1.06% | 10,376 | $1.9M | Add +834.8% |
| CRM Salesforce Inc. | 0.97% | 6,474 | $1.8M | Add +203.9% |
| CRH CRH PLC | 0.96% | 19,043 | $1.7M | New |
| BSX Boston Scientific Corp. | 0.91% | 15,356 | $1.6M | Add +103.9% |
| ISRG Intuitive Surgical Inc. | 0.84% | 2,793 | $1.5M | Add +267.5% |
| WCN Waste Connections Inc. | 0.83% | 8,053 | $1.5M | Add +340.1% |
| GILD Gilead Sciences Inc. | 0.82% | 13,367 | $1.5M | Add +112.5% |
| TMO Thermo Fisher Scientific Inc. | 0.81% | 3,635 | $1.5M | New |
| PEP Pepsico Inc. | 0.78% | 10,674 | $1.4M | Add +227.4% |
| AMD Advanced Micro Devices | 0.76% | 9,780 | $1.4M | New |
| GDDY GoDaddy Inc. Class A | 0.75% | 7,583 | $1.4M | New |
| AME Ametek Inc. | 0.75% | 7,484 | $1.4M | Add +283.8% |
| GOOG Alphabet Inc. Class C | 0.74% | 7,557 | $1.3M | Add +249.9% |
| APH Amphenol Corp. Class A | 0.72% | 13,239 | $1.3M | New |
| TMUS T-Mobile US Inc. | 0.71% | 5,432 | $1.3M | New |
| ED Consolidated Edison Inc. | 0.71% | 12,846 | $1.3M | Add +505.9% |
| NOW ServiceNow Inc. | 0.70% | 1,240 | $1.3M | Add +37.8% |
| ETR Entergy Corp. | 0.70% | 15,236 | $1.3M | Add +181.7% |
| PNW Pinnacle West Capital | 0.68% | 13,794 | $1.2M | Add +78.0% |
| MRSH Marsh & McLennan Cos | 0.68% | 5,635 | $1.2M | New |
| WMT Walmart Inc. | 0.67% | 12,458 | $1.2M | Reduce -0.7% |
| SCHW Schwab (charles) Corp. | 0.65% | 12,994 | $1.2M | New |
| MSI Motorola Solutions Inc. | 0.65% | 2,814 | $1.2M | Add +256.2% |
| INFY Infosys Ltd.-SP ADR | 0.65% | 63,200 | $1.2M | Reduce -22.5% |
| CHH Choice Hotels Intl Inc. | 0.64% | 9,195 | $1.2M | Add +325.3% |
| WMB Williams Cos Inc. | 0.64% | 18,351 | $1.2M | New |
| MORN Morningstar Inc. | 0.62% | 3,573 | $1.1M | Add +59.5% |
| OTIS Otis Worldwide Corp. | 0.61% | 11,178 | $1.1M | Add +130.9% |
| MSCI MSCI Inc. | 0.60% | 1,888 | $1.1M | Add +13.1% |
| HUBS HubSpot Inc. | 0.57% | 1,851 | $1.0M | New |
| EG Everest Group Ltd. | 0.54% | 2,900 | $986K | Add +271.8% |
| EXE Expand Energy Corp. | 0.51% | 7,890 | $923K | Add +128.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.51% | 7,450 | $920K | Add +50.5% |
| CLS Celestica Inc. | 0.48% | 5,552 | $867K | Add +87.6% |
| SHOP Shopify Inc. Class A | 0.45% | 7,066 | $815K | Add +2.1% |
| JCI Johnson Controls Internation | 0.44% | 7,492 | $791K | Add +173.4% |
| INTC Intel Corp. | 0.43% | 34,846 | $781K | New |
| WSO Watsco Inc. | 0.43% | 1,750 | $773K | New |
| IHG Intercontinental Hotels-ADR | 0.42% | 6,635 | $765K | New |
| STX Seagate Technology Holdings | 0.42% | 5,293 | $764K | New |
| MSGS Madison Square Garden Sports | 0.41% | 3,597 | $752K | Add +80.8% |
| FDX FedEx Corp. | 0.41% | 3,300 | $750K | New |
| AZO AutoZone Inc. | 0.41% | 202 | $750K | New |
| BAP Credicorp Ltd. | 0.41% | 3,336 | $746K | Add +6.6% |
| BDX Becton Dickinson and Co. | 0.41% | 4,307 | $742K | New |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.41% | 710 | $739K | New |
| ECL Ecolab Inc. | 0.40% | 2,700 | $727K | Add +112.6% |
| APP AppLovin Corp. Class A | 0.40% | 2,064 | $723K | New |
| RDDT Reddit Inc. Class A | 0.39% | 4,759 | $717K | Reduce -2.2% |
| C Citigroup Inc. | 0.39% | 8,382 | $713K | Add +150.2% |
| ALE Allete Inc. | 0.39% | 11,106 | $712K | New |
| MA Mastercard Inc. Class A | 0.39% | 1,250 | $702K | New |
| UNP Union Pacific Corp. | 0.39% | 3,046 | $701K | New |
| FTI Technipfmc PLC | 0.38% | 20,204 | $696K | Add +72.8% |
| JNPR Juniper Networks Inc. | 0.38% | 17,366 | $693K | New |
| PCTY Paylocity Holding Corp. | 0.38% | 3,793 | $687K | Add +88.7% |
| TEAM Atlassian Corp. Class A | 0.37% | 3,328 | $676K | Add +33.6% |
| PKG Packaging Corp. of America | 0.37% | 3,579 | $674K | Reduce -10.8% |
| PRI Primerica Inc. | 0.37% | 2,438 | $667K | Add +76.7% |
| CNP Centerpoint Energy Inc. | 0.36% | 18,004 | $661K | New |
| INTU Intuit Inc. | 0.36% | 830 | $654K | New |
| EHC Encompass Health Corp. | 0.36% | 5,296 | $649K | Add +123.5% |
| CME Cme Group Inc. | 0.36% | 2,339 | $645K | New |
| IBN Icici Bank Ltd.-Spon ADR | 0.35% | 18,956 | $638K | New |
| AIT Applied Industrial Tech Inc. | 0.35% | 2,730 | $635K | New |
| ALL Allstate Corp. | 0.35% | 3,124 | $629K | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.34% | 5,039 | $625K | Reduce -68.6% |
| UBER Uber Technologies Inc. | 0.34% | 6,559 | $612K | New |
| IDA Idacorp Inc. | 0.33% | 5,184 | $598K | Add +59.0% |
| RY Royal Bank of Canada | 0.33% | 4,540 | $597K | New |
| PG The Procter & Gamble Co. | 0.33% | 3,722 | $593K | New |
| BMY Bristol-Myers Squibb Co. | 0.32% | 12,644 | $585K | New |
| AR Antero Resources Corp. | 0.32% | 14,507 | $584K | New |
| BHP BHP Group Ltd.-Spon ADR | 0.32% | 12,006 | $577K | Add +11.9% |
| SOUN Soundhound AI Inc. Class A | 0.32% | 53,483 | $574K | Add +289.3% |
| EQT Eqt Corp. | 0.31% | 9,775 | $570K | Add +62.1% |
| GRMN Garmin Ltd. | 0.31% | 2,710 | $566K | New |
| AAPL Apple Inc. | 0.31% | 2,742 | $563K | New |
| AFL Aflac Inc. | 0.31% | 5,267 | $555K | New |
| AWI Armstrong World Industries | 0.30% | 3,343 | $543K | Add +101.4% |
| FERG Ferguson Enterprises Inc. | 0.30% | 2,493 | $543K | New |
| ARGX Argenx SE - ADR | 0.30% | 980 | $540K | Reduce -26.9% |
| SFM Sprouts Farmers Market Inc. | 0.30% | 3,276 | $539K | Add +33.7% |
| SOFI Sofi Technologies Inc. | 0.30% | 29,484 | $537K | New |
| MDGL Madrigal Pharmaceuticals Inc. | 0.30% | 1,770 | $536K | New |
| BBAI Bigbear.ai Holdings Inc. | 0.29% | 78,538 | $533K | New |
| TRST Trustco Bank Corp. NY | 0.29% | 15,901 | $531K | New |
| AEP American Electric Power | 0.29% | 5,080 | $527K | Add +82.7% |
| SE Sea Ltd.-ADR | 0.29% | 3,282 | $525K | New |
| WAT Waters Corp. | 0.29% | 1,497 | $523K | New |
| NVR NVR Inc. | 0.28% | 70 | $517K | Reduce -30.0% |
Portfolio Sells Q1 2025 → Q2 2025
| FYBR Frontier Communications Pare | Reduce -83.9% | 0.20% | −2.15 |
| HLT Hilton Worldwide Holdings Inc. | Sold out | 0.00% | −1.69 |
| DIS The Walt Disney Co. | Reduce -68.6% | 0.34% | −1.35 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −1.26 |
| PNC PNC Financial Services Group | Sold out | 0.00% | −1.09 |
| ADSK Autodesk Inc. | Reduce -80.8% | 0.14% | −1.08 |
| HON Honeywell International Inc. | Sold out | 0.00% | −1.08 |
| AON Aon PLC Class A | Sold out | 0.00% | −0.95 |
| INFY Infosys Ltd.-SP ADR | Reduce -22.5% | 0.65% | −0.95 |
| USB US Bancorp | Reduce -70.4% | 0.18% | −0.90 |
| GD General Dynamics Corp. | Sold out | 0.00% | −0.89 |
| MCO Moody's Corp. | Sold out | 0.00% | −0.85 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.79 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −0.79 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.75 |
| EXC Exelon Corp. | Sold out | 0.00% | −0.73 |
| HUBB Hubbell Inc. | Sold out | 0.00% | −0.65 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.59 |
| ESGR Enstar Group Ltd. | Sold out | 0.00% | −0.59 |
| CSX CSX Corp. | Sold out | 0.00% | −0.58 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.57 |
| ARGX Argenx SE - ADR | Reduce -26.9% | 0.30% | −0.55 |
| RGA Reinsurance Group of America | Reduce -65.8% | 0.12% | −0.55 |
| AXP American Express Co. | Sold out | 0.00% | −0.54 |
| FLUT Flutter Entertainment PLC-Di | Sold out | 0.00% | −0.53 |
| WMT Walmart Inc. | Reduce -0.7% | 0.67% | −0.51 |
| IQV Iqvia Holdings Inc. | Reduce -26.7% | 0.26% | −0.50 |
| FISV Fiserv Inc. | Reduce -10.7% | 0.28% | −0.50 |
| FE Firstenergy Corp. | Reduce -34.7% | 0.25% | −0.49 |
| NVR NVR Inc. | Reduce -30.0% | 0.28% | −0.49 |
| COST Costco Wholesale Corp. | Reduce -63.3% | 0.12% | −0.49 |
| KOF Coca-Cola Femsa Sab-SP ADR | Sold out | 0.00% | −0.48 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.48 |
| PKG Packaging Corp. of America | Reduce -10.8% | 0.37% | −0.48 |
| TFC Truist Financial Corp. | Sold out | 0.00% | −0.47 |
| TYL Tyler Technologies Inc. | Sold out | 0.00% | −0.47 |
| WEN The Wendy's Co. | Sold out | 0.00% | −0.45 |
| HOLX Hologic Inc. | Sold out | 0.00% | −0.45 |
| FITB Fifth Third Bancorp | Sold out | 0.00% | −0.45 |
| AER Aercap Holdings NV | Sold out | 0.00% | −0.44 |
| PM Philip Morris International | Sold out | 0.00% | −0.43 |
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −0.41 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.41 |
| BIIB Biogen Inc. | Sold out | 0.00% | −0.40 |
| SYY Sysco Corp. | Sold out | 0.00% | −0.40 |
| CDW CDW Corp. | Sold out | 0.00% | −0.40 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.40 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.40 |
| KBR KBR Inc. | Sold out | 0.00% | −0.40 |
| CL Colgate-Palmolive Co. | Reduce -35.0% | 0.19% | −0.39 |
Portfolio Buys Q1 2025 → Q2 2025
| MCD McDonald's Corp. | New | 2.19% | +2.19 |
| K Kellanova | Add +589.0% | 2.02% | +1.43 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 1.21% | +1.21 |
| PGR Progressive Corp. | New | 1.17% | +1.17 |
| PLTR Palantir Technologies Inc. Class A | New | 1.09% | +1.09 |
| TTWO Take-Two Interactive Softwre | New | 1.07% | +1.07 |
| RSG Republic Services Inc. | New | 1.07% | +1.07 |
| CRH CRH PLC | New | 0.96% | +0.96 |
| ABBV Abbvie Inc. | Add +834.8% | 1.06% | +0.81 |
| TMO Thermo Fisher Scientific Inc. | New | 0.81% | +0.81 |
| AMD Advanced Micro Devices | New | 0.76% | +0.76 |
| GDDY GoDaddy Inc. Class A | New | 0.75% | +0.75 |
| APH Amphenol Corp. Class A | New | 0.72% | +0.72 |
| TMUS T-Mobile US Inc. | New | 0.71% | +0.71 |
| MRSH Marsh & McLennan Cos | New | 0.68% | +0.68 |
| SCHW Schwab (charles) Corp. | New | 0.65% | +0.65 |
| WMB Williams Cos Inc. | New | 0.64% | +0.64 |
| IT Gartner Inc. | Add +295.6% | 1.19% | +0.58 |
| HUBS HubSpot Inc. | New | 0.57% | +0.57 |
| ED Consolidated Edison Inc. | Add +505.9% | 0.71% | +0.46 |
| WCN Waste Connections Inc. | Add +340.1% | 0.83% | +0.45 |
| ISRG Intuitive Surgical Inc. | Add +267.5% | 0.84% | +0.43 |
| INTC Intel Corp. | New | 0.43% | +0.43 |
| WSO Watsco Inc. | New | 0.43% | +0.43 |
| IHG Intercontinental Hotels-ADR | New | 0.42% | +0.42 |
| STX Seagate Technology Holdings | New | 0.42% | +0.42 |
| FDX FedEx Corp. | New | 0.41% | +0.41 |
| AZO AutoZone Inc. | New | 0.41% | +0.41 |
| BDX Becton Dickinson and Co. | New | 0.41% | +0.41 |
| GWW WW Grainger Inc. | New | 0.41% | +0.41 |
| APP AppLovin Corp. Class A | New | 0.40% | +0.40 |
| ALE Allete Inc. | New | 0.39% | +0.39 |
| AME Ametek Inc. | Add +283.8% | 0.75% | +0.39 |
| MA Mastercard Inc. Class A | New | 0.39% | +0.39 |
| UNP Union Pacific Corp. | New | 0.39% | +0.39 |
| JNPR Juniper Networks Inc. | New | 0.38% | +0.38 |
| GOOG Alphabet Inc. Class C | Add +249.9% | 0.74% | +0.38 |
| LIN Linde PLC | Add +189.0% | 1.11% | +0.37 |
| CNP Centerpoint Energy Inc. | New | 0.36% | +0.36 |
| CRM Salesforce Inc. | Add +203.9% | 0.97% | +0.36 |
| INTU Intuit Inc. | New | 0.36% | +0.36 |
| CME Cme Group Inc. | New | 0.36% | +0.36 |
| IBN Icici Bank Ltd.-Spon ADR | New | 0.35% | +0.35 |
| AIT Applied Industrial Tech Inc. | New | 0.35% | +0.35 |
| ALL Allstate Corp. | New | 0.35% | +0.35 |
| UBER Uber Technologies Inc. | New | 0.34% | +0.34 |
| CHH Choice Hotels Intl Inc. | Add +325.3% | 0.64% | +0.34 |
| RY Royal Bank of Canada | New | 0.33% | +0.33 |
| PG The Procter & Gamble Co. | New | 0.33% | +0.33 |
| BMY Bristol-Myers Squibb Co. | New | 0.32% | +0.32 |
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 |