R Squared Ltd
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), R Squared Ltd reported 537 stock positions worth $232.4 million. Its top holding was Frontier Communications Pare (FYBR) at 1.3% of the portfolio, followed by Boston Scientific (BSX, 1.3%) and Schwab (charles) (SCHW, 1.3%). Compared with Q2 2025, it opened 281 new positions, sold out of 202, added to 160 and reduced 94. The biggest buy was a new position in Honeywell International (HON) and the biggest sale McDonald's (MCD, shares −85%).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001896148
- Portfolio Value
- $232.4M (Q3 2025)
- SEC Filing
- 0001896148-25-000007 ↗ filed Nov 12, 2025
Holdings Value
Holdings 537 stocks · $232.4M
| FYBR Frontier Communications Pare | 1.32% | 82,135 | $3.1M | Add +736.3% |
| BSX Boston Scientific Corp. | 1.30% | 31,033 | $3.0M | Add +102.1% |
| SCHW Schwab (charles) Corp. | 1.27% | 30,921 | $3.0M | Add +138.0% |
| LIN Linde PLC | 1.18% | 5,784 | $2.7M | Add +35.2% |
| HON Honeywell International Inc. | 1.16% | 12,825 | $2.7M | New |
| K Kellanova | 1.15% | 32,556 | $2.7M | Reduce -29.4% |
| KO The Coca-Cola Co. | 1.06% | 37,263 | $2.5M | New |
| MU Micron Technology Inc. | 1.04% | 14,497 | $2.4M | Add +431.0% |
| NVDA Nvidia Corp. | 0.99% | 12,382 | $2.3M | New |
| ED Consolidated Edison Inc. | 0.96% | 22,106 | $2.2M | Add +72.1% |
| COST Costco Wholesale Corp. | 0.95% | 2,373 | $2.2M | Add +978.6% |
| NFLX Netflix Inc. | 0.93% | 1,796 | $2.2M | New |
| WCN Waste Connections Inc. | 0.91% | 12,091 | $2.1M | Add +50.1% |
| BMY Bristol-Myers Squibb Co. | 0.91% | 46,892 | $2.1M | Add +270.9% |
| ROP Roper Technologies Inc. | 0.87% | 4,053 | $2.0M | New |
| TSLA Tesla Inc. | 0.84% | 4,401 | $2.0M | New |
| FERG Ferguson Enterprises Inc. | 0.83% | 8,626 | $1.9M | Add +246.0% |
| PNW Pinnacle West Capital | 0.79% | 20,428 | $1.8M | Add +48.1% |
| NDAQ Nasdaq Inc. | 0.77% | 20,328 | $1.8M | Add +258.6% |
| AMZN Amazon.com Inc. | 0.74% | 7,785 | $1.7M | New |
| TT Trane Technologies PLC | 0.73% | 3,996 | $1.7M | Add +411.6% |
| ISRG Intuitive Surgical Inc. | 0.72% | 3,749 | $1.7M | Add +34.2% |
| INFY Infosys Ltd.-SP ADR | 0.71% | 102,099 | $1.7M | Add +61.5% |
| SO The Southern Co. | 0.64% | 15,719 | $1.5M | New |
| SYK Stryker Corp. | 0.64% | 4,028 | $1.5M | New |
| CTAS Cintas Corp. | 0.61% | 6,929 | $1.4M | Add +286.2% |
| PGR Progressive Corp. | 0.59% | 5,571 | $1.4M | Reduce -29.7% |
| MSFT Microsoft Corp. | 0.59% | 2,635 | $1.4M | New |
| CSCO Cisco Systems Inc. | 0.58% | 19,636 | $1.3M | New |
| ADSK Autodesk Inc. | 0.56% | 4,062 | $1.3M | Add +381.3% |
| ETN Eaton Corp. PLC | 0.54% | 3,357 | $1.3M | New |
| MRSH Marsh & McLennan Cos | 0.52% | 6,034 | $1.2M | Add +7.1% |
| BAP Credicorp Ltd. | 0.51% | 4,485 | $1.2M | Add +34.4% |
| EHC Encompass Health Corp. | 0.51% | 9,286 | $1.2M | Add +75.3% |
| TEL Te Connectivity PLC | 0.50% | 5,331 | $1.2M | New |
| AMP Ameriprise Financial Inc. | 0.50% | 2,347 | $1.2M | New |
| PAYX Paychex Inc. | 0.49% | 9,054 | $1.1M | New |
| TTE Totalenergies SE -Spon ADR | 0.48% | 18,743 | $1.1M | Add +294.1% |
| VMI Valmont Industries | 0.48% | 2,851 | $1.1M | New |
| AME Ametek Inc. | 0.47% | 5,827 | $1.1M | Reduce -22.1% |
| VRSK Verisk Analytics Inc. | 0.47% | 4,311 | $1.1M | New |
| BHP BHP Group Ltd.-Spon ADR | 0.46% | 19,340 | $1.1M | Add +61.1% |
| OTIS Otis Worldwide Corp. | 0.46% | 11,715 | $1.1M | Add +4.8% |
| CHT Chunghwa Telecom LT-Spon ADR | 0.44% | 23,520 | $1.0M | New |
| ORLY O'reilly Automotive Inc. | 0.44% | 9,506 | $1.0M | Add +85.0% |
| BR Broadridge Financial Solutio | 0.44% | 4,300 | $1.0M | New |
| DINO HF Sinclair Corp. | 0.44% | 19,373 | $1.0M | New |
| NSC Norfolk Southern Corp. | 0.43% | 3,305 | $993K | New |
| AMSF Amerisafe Inc. | 0.42% | 22,488 | $986K | Add +172.2% |
| GILD Gilead Sciences Inc. | 0.42% | 8,829 | $980K | Reduce -34.0% |
| SPGI S&P Global Inc. | 0.40% | 1,887 | $918K | New |
| AIT Applied Industrial Tech Inc. | 0.39% | 3,482 | $909K | Add +27.6% |
| CL Colgate-Palmolive Co. | 0.39% | 11,240 | $899K | Add +196.2% |
| CLS Celestica Inc. | 0.38% | 3,586 | $884K | Reduce -35.4% |
| ACN Accenture PLC Class A | 0.38% | 3,565 | $879K | New |
| FISV Fiserv Inc. | 0.37% | 6,708 | $865K | Add +129.1% |
| SNOW Snowflake Inc. | 0.36% | 3,760 | $848K | New |
| PCTY Paylocity Holding Corp. | 0.36% | 5,240 | $835K | Add +38.1% |
| DPZ Domino's Pizza Inc. | 0.36% | 1,930 | $833K | New |
| MORN Morningstar Inc. | 0.36% | 3,565 | $827K | Reduce -0.2% |
| EOG EOG Resources Inc. | 0.35% | 7,220 | $810K | New |
| LNG Cheniere Energy Inc. | 0.34% | 3,374 | $793K | Add +126.4% |
| WMB Williams Cos Inc. | 0.34% | 12,381 | $784K | Reduce -32.5% |
| TMUS T-Mobile US Inc. | 0.34% | 3,267 | $782K | Reduce -39.9% |
| AXS Axis Capital Holdings Ltd. | 0.33% | 7,947 | $761K | New |
| ALNY Alnylam Pharmaceuticals Inc. | 0.33% | 1,660 | $757K | New |
| CBRE CBRE Group Inc. Class A | 0.33% | 4,802 | $757K | Add +55.5% |
| BCS Barclays PLC-Spons ADR | 0.32% | 36,519 | $755K | Add +62.3% |
| MCK McKesson Corp. | 0.32% | 972 | $751K | New |
| AON Aon PLC Class A | 0.32% | 2,099 | $748K | New |
| DHR Danaher Corp. | 0.32% | 3,757 | $745K | Add +52.8% |
| GE General Electric filed as GE AEROSPACE | 0.32% | 2,472 | $744K | Add +94.8% |
| CRH CRH PLC | 0.32% | 6,195 | $743K | Reduce -67.5% |
| MDGL Madrigal Pharmaceuticals Inc. | 0.32% | 1,619 | $743K | Reduce -8.5% |
| MARA Mara Holdings Inc. | 0.32% | 40,549 | $740K | New |
| CW Curtiss-Wright Corp. | 0.32% | 1,360 | $738K | Add +34.4% |
| AN Autonation Inc. | 0.32% | 3,356 | $734K | Add +82.5% |
| MA Mastercard Inc. Class A | 0.32% | 1,290 | $734K | Add +3.2% |
| WWD Woodward Inc. | 0.32% | 2,900 | $733K | New |
| CCU Cia Cervecerias Uni-Spon ADR filed as COMPANIA CERVECERIAS UNIDAS | 0.31% | 60,078 | $728K | Add +102.9% |
| HOOD Robinhood Markets Inc. Class A | 0.31% | 5,084 | $728K | Add +21.6% |
| EZPW Ezcorp Inc. Class A | 0.31% | 37,828 | $720K | Add +21.8% |
| C Citigroup Inc. | 0.31% | 7,056 | $716K | Reduce -15.8% |
| PCG P G & E Corp. | 0.31% | 47,398 | $715K | Add +110.6% |
| GPI Group 1 Automotive Inc. | 0.31% | 1,627 | $712K | Add +107.3% |
| JLL Jones Lang Lasalle Inc. | 0.30% | 2,351 | $701K | New |
| SOFI Sofi Technologies Inc. | 0.30% | 26,248 | $693K | Reduce -11.0% |
| STX Seagate Technology Holdings | 0.29% | 2,889 | $682K | Reduce -45.4% |
| CSV Carriage Services Inc. | 0.29% | 15,274 | $680K | Add +169.4% |
| HBAN Huntington Bancshares Inc. | 0.29% | 39,246 | $678K | Add +218.6% |
| WAB Wabtec Corp. | 0.29% | 3,380 | $678K | Add +107.1% |
| CME Cme Group Inc. | 0.29% | 2,484 | $671K | Add +6.2% |
| IREN Iren Ltd. filed as IREN LIMITED | 0.29% | 14,231 | $668K | New |
| VRTX Vertex Pharmaceuticals Inc. | 0.28% | 1,680 | $658K | New |
| CPNG Coupang Inc. | 0.28% | 20,433 | $658K | Add +82.2% |
| SAP Sap SE-Sponsored ADR | 0.28% | 2,459 | $657K | Add +71.8% |
| JBL Jabil Inc. | 0.28% | 3,022 | $656K | New |
| HOLX Hologic Inc. | 0.28% | 9,573 | $646K | New |
| HAS Hasbro Inc. | 0.28% | 8,515 | $646K | New |
| EQNR Equinor ASA-Spon ADR | 0.27% | 26,061 | $635K | New |
Portfolio Sells Q2 2025 → Q3 2025
| MCD McDonald's Corp. | Reduce -84.8% | 0.27% | −1.92 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −1.21 |
| IT Gartner Inc. | Sold out | 0.00% | −1.19 |
| TTWO Take-Two Interactive Softwre | Sold out | 0.00% | −1.07 |
| PLTR Palantir Technologies Inc. Class A | Reduce -89.8% | 0.12% | −0.97 |
| ABBV Abbvie Inc. | Reduce -85.4% | 0.15% | −0.91 |
| K Kellanova | Reduce -29.4% | 1.15% | −0.87 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.81 |
| RSG Republic Services Inc. | Reduce -66.1% | 0.26% | −0.81 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.78 |
| CRM Salesforce Inc. | Reduce -69.1% | 0.20% | −0.77 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.74 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.70 |
| ETR Entergy Corp. | Sold out | 0.00% | −0.70 |
| MSI Motorola Solutions Inc. | Sold out | 0.00% | −0.65 |
| CRH CRH PLC | Reduce -67.5% | 0.32% | −0.64 |
| AMD Advanced Micro Devices | Reduce -81.4% | 0.13% | −0.64 |
| MSCI MSCI Inc. | Sold out | 0.00% | −0.60 |
| GDDY GoDaddy Inc. Class A | Reduce -65.2% | 0.16% | −0.60 |
| PGR Progressive Corp. | Reduce -29.7% | 0.59% | −0.57 |
| HUBS HubSpot Inc. | Sold out | 0.00% | −0.57 |
| APH Amphenol Corp. Class A | Reduce -76.9% | 0.16% | −0.56 |
| EG Everest Group Ltd. | Sold out | 0.00% | −0.54 |
| EXE Expand Energy Corp. | Sold out | 0.00% | −0.51 |
| TJX TJX Companies Inc. | Sold out | 0.00% | −0.51 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −0.45 |
| INTC Intel Corp. | Sold out | 0.00% | −0.43 |
| WMT Walmart Inc. | Reduce -56.0% | 0.24% | −0.43 |
| WSO Watsco Inc. | Sold out | 0.00% | −0.43 |
| IHG Intercontinental Hotels-ADR | Sold out | 0.00% | −0.42 |
| MSGS Madison Square Garden Sports | Sold out | 0.00% | −0.41 |
| FDX FedEx Corp. | Sold out | 0.00% | −0.41 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −0.41 |
| GWW WW Grainger Inc. | Sold out | 0.00% | −0.41 |
| ECL Ecolab Inc. | Sold out | 0.00% | −0.40 |
| CHH Choice Hotels Intl Inc. | Reduce -42.5% | 0.24% | −0.40 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.40 |
| GILD Gilead Sciences Inc. | Reduce -34.0% | 0.42% | −0.40 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −0.39 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −0.38 |
| TMUS T-Mobile US Inc. | Reduce -39.9% | 0.34% | −0.38 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −0.37 |
| PKG Packaging Corp. of America | Sold out | 0.00% | −0.37 |
| PRI Primerica Inc. | Sold out | 0.00% | −0.37 |
| CNP Centerpoint Energy Inc. | Sold out | 0.00% | −0.36 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.36 |
| ALL Allstate Corp. | Sold out | 0.00% | −0.35 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.34 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.34 |
| IDA Idacorp Inc. | Sold out | 0.00% | −0.33 |
Portfolio Buys Q2 2025 → Q3 2025
| HON Honeywell International Inc. | New | 1.16% | +1.16 |
| FYBR Frontier Communications Pare | Add +736.3% | 1.32% | +1.12 |
| KO The Coca-Cola Co. | New | 1.06% | +1.06 |
| NVDA Nvidia Corp. | New | 0.99% | +0.99 |
| NFLX Netflix Inc. | New | 0.93% | +0.93 |
| ROP Roper Technologies Inc. | New | 0.87% | +0.87 |
| MU Micron Technology Inc. | Add +431.0% | 1.04% | +0.86 |
| TSLA Tesla Inc. | New | 0.84% | +0.84 |
| COST Costco Wholesale Corp. | Add +978.6% | 0.95% | +0.83 |
| AMZN Amazon.com Inc. | New | 0.74% | +0.74 |
| SO The Southern Co. | New | 0.64% | +0.64 |
| SYK Stryker Corp. | New | 0.64% | +0.64 |
| SCHW Schwab (charles) Corp. | Add +138.0% | 1.27% | +0.62 |
| BMY Bristol-Myers Squibb Co. | Add +270.9% | 0.91% | +0.59 |
| MSFT Microsoft Corp. | New | 0.59% | +0.59 |
| CSCO Cisco Systems Inc. | New | 0.58% | +0.58 |
| ETN Eaton Corp. PLC | New | 0.54% | +0.54 |
| TT Trane Technologies PLC | Add +411.6% | 0.73% | +0.54 |
| FERG Ferguson Enterprises Inc. | Add +246.0% | 0.83% | +0.53 |
| TEL Te Connectivity PLC | New | 0.50% | +0.50 |
| AMP Ameriprise Financial Inc. | New | 0.50% | +0.50 |
| NDAQ Nasdaq Inc. | Add +258.6% | 0.77% | +0.49 |
| PAYX Paychex Inc. | New | 0.49% | +0.49 |
| VMI Valmont Industries | New | 0.48% | +0.48 |
| VRSK Verisk Analytics Inc. | New | 0.47% | +0.47 |
| CHT Chunghwa Telecom LT-Spon ADR | New | 0.44% | +0.44 |
| BR Broadridge Financial Solutio | New | 0.44% | +0.44 |
| DINO HF Sinclair Corp. | New | 0.44% | +0.44 |
| NSC Norfolk Southern Corp. | New | 0.43% | +0.43 |
| ADSK Autodesk Inc. | Add +381.3% | 0.56% | +0.41 |
| SPGI S&P Global Inc. | New | 0.40% | +0.40 |
| BSX Boston Scientific Corp. | Add +102.1% | 1.30% | +0.39 |
| CTAS Cintas Corp. | Add +286.2% | 0.61% | +0.39 |
| ACN Accenture PLC Class A | New | 0.38% | +0.38 |
| SNOW Snowflake Inc. | New | 0.36% | +0.36 |
| DPZ Domino's Pizza Inc. | New | 0.36% | +0.36 |
| EOG EOG Resources Inc. | New | 0.35% | +0.35 |
| AXS Axis Capital Holdings Ltd. | New | 0.33% | +0.33 |
| ALNY Alnylam Pharmaceuticals Inc. | New | 0.33% | +0.33 |
| MCK McKesson Corp. | New | 0.32% | +0.32 |
| AON Aon PLC Class A | New | 0.32% | +0.32 |
| TTE Totalenergies SE -Spon ADR | Add +294.1% | 0.48% | +0.32 |
| MARA Mara Holdings Inc. | New | 0.32% | +0.32 |
| WWD Woodward Inc. | New | 0.32% | +0.32 |
| JLL Jones Lang Lasalle Inc. | New | 0.30% | +0.30 |
| IREN Iren Ltd. | New | 0.29% | +0.29 |
| VRTX Vertex Pharmaceuticals Inc. | New | 0.28% | +0.28 |
| JBL Jabil Inc. | New | 0.28% | +0.28 |
| HOLX Hologic Inc. | New | 0.28% | +0.28 |
| HAS Hasbro Inc. | New | 0.28% | +0.28 |
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 |