Squarepoint Ops LLC

Squarepoint Ops, the systematic hedge fund, held $85.1B across 4,190 positions dominated by index ETFs — iShares Core S&P 500 (IVV) is 9.3% of assets, with SPDR S&P 500 (SPY, 5.7%) and Invesco QQQ (3.7%) close behind. The Q1 activity rotated decisively from single names into those wrappers: the firm added SPY (+$2.0B), IVV (+$768M), Microsoft (+$449M), IWM and Walmart, while cutting Meta (-$1.5B), NVIDIA (-$1.1B), AMD (-$694M), Amazon and Broadcom. New positions in QQQ, Booking, ExxonMobil, the energy ETF XLE and Johnson & Johnson; exits in Lululemon, ServiceNow, XLK and Intel. Assets eased from $94.0B to $85.1B.