Squarepoint Q1 2026: IVV Leads $85.12B 13F

TL;DR: Squarepoint Ops LLC reported $85.12B in 2026Q1 13F value, and the strongest signal was not one single-stock mega-bet. It was a quant-style liquidity stack: IVV at $7.94B and 10.36%, SPY at $4.81B and 6.27%, and QQQ at $3.11B and 4.05% led the visible U.S. book.

The filing is a Form 13F-HR for report date 2026-03-31, filed 2026-05-15 under accession 0001642575-26-000007. Squarepoint is a systematic, quantitative multi-strategy active manager, not a passive index filer. But this is still a reported 13F value and a quarter-end snapshot, not a complete map of managed assets or long-term conviction.

That caveat matters here. Squarepoint's own public positioning emphasizes systematic and diversified strategies, and 2026 industry coverage also pointed to continued platform expansion beyond plain equity selection. The 13F filing includes option rows, while high-turnover quant books can change quickly after quarter-end. Treat the positions below as evidence of exposures Squarepoint chose to report on 2026-03-31, not as a buy-and-hold thesis for every ticker.

The Q1 book was built around tradable beta first

The top eight positions show why the filing reads like a systematic liquidity map. IVV, SPY, and QQQ were the three largest holdings by reported value, ahead of single-name technology exposure in Microsoft, Alphabet, and Nvidia.

The top-holdings chart highlights the central read-through: the biggest reported position was IVV at $7.94B, not a single issuer. SPY followed at $4.81B, QQQ at $3.11B, and Microsoft at $2.15B. For a quantitative manager, that pattern can support index overlays, liquidity sleeves, hedging architecture, or model-driven factor exposure. The filing alone does not prove directional conviction in the ETFs.

Concentration was visible, but the tail still mattered

Squarepoint's 2026Q1 book was not a tiny set of concentrated long-only wagers. The filing listed 4190 holdings, while the accessible top-holdings set in the research brief shows 500 current positions. Top-10 exposure was meaningful, but the rest of the book still represented the majority of reported value.

The concentration chart shows IVV at 10.36%, SPY at 6.27%, QQQ at 4.05%, Microsoft at 2.81%, Alphabet at 1.95%, Nvidia at 1.92%, IWM at 1.73%, Tesla at 1.71%, Apple at 1.60%, and Amazon at 1.41%. Everything else totaled $50.79B and 66.19%, which is the part of the book most casual summaries understate.

AUM history says the platform resized after a 2024Q4 peak

The reported 13F value declined from $93.98B in 2025Q4 to $85.12B in 2026Q1, a -9.4% quarter-over-quarter move. That followed a volatile recent path: $101.38B in 2024Q4, $82.39B in 2025Q1, $96.18B in 2025Q2, and $99.54B in 2025Q3.

The history chart is useful because it prevents over-reading Q1 as a standalone de-risking call. Squarepoint's reported 13F value has moved sharply across recent quarters, consistent with a platform where exposure, hedging, and model allocation can shift rapidly. The Q1 decline is real in the filing record, but it should be read beside the manager's high-turnover profile.

What changed in the interpretation

For a traditional stock-picker, a $1.47B Nvidia line or $1.31B Tesla line might invite a simple conviction story. For Squarepoint, the better interpretation is portfolio architecture. The filing shows a visible U.S. equity and ETF exposure stack at quarter-end, with mega-cap technology and broad-market ETFs providing the most liquid nodes in the reported book.

That makes the top single-name holdings still relevant, just not self-explanatory. Microsoft at $2.15B, Alphabet at $1.49B, Nvidia at $1.47B, Tesla at $1.31B, Apple at $1.23B, and Amazon at $1.08B were large enough to shape the filing, yet each should be read as part of a systematic portfolio rather than a standalone fundamental endorsement.

How to track Squarepoint from here

The next useful comparison is whether broad-market ETF exposure remains at the top of Squarepoint's filer page, or whether the book rotates toward single-name, sector, or international exposures. Watch the relationship between IVV, SPY, QQQ, and mega-cap technology first; that mix carries more information than any one ticker in isolation.

Investors should also compare individual stock pages such as Apple's holder profile or Amazon institutional ownership against the filer view. If Squarepoint remains a top visible mover in a name while the total 13F value changes, the signal may be a model allocation shift rather than a traditional discretionary thesis.

FAQ

What does Squarepoint hold in Q1 2026?

Squarepoint Ops LLC's 2026Q1 filing was led by IVV at $7.94B, SPY at $4.81B, QQQ at $3.11B, Microsoft at $2.15B, and Alphabet at $1.49B.

Is Squarepoint Ops LLC a passive index fund?

No. Squarepoint Ops LLC is treated here as an active systematic and quantitative manager. Its ETF holdings can be large, but the filer itself is not a passive index fund.

How large was Squarepoint's 2026Q1 13F filing?

Squarepoint reported $85.12B in 2026Q1 13F value for report date 2026-03-31, with 4190 holdings in the filing record.

Does Squarepoint's IVV stake show long-term conviction?

Not by itself. IVV was the largest reported position at $7.94B and 10.36%, but a high-turnover quant fund can use ETFs for exposure, hedging, and liquidity rather than a long-term thesis.