AM Squared Ltd

Exempt adviser

CIK

1879167

Location

HONG KONG, K3

Portfolio Value

Micro $13,118,290

Diversification

Diversified

Filing Date

Global Rank

#7,350 / 7,447 ▼ 5 · as of Sep 2024

Top Industry

Residential Construction 15.7%

Period ended 2 years ago

Filed Nov 7, 2024 · 2y

8 quarters · since Dec 2022

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Exempt adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 296223

Roster of Nov 1, 2026

Private funds

1 fund · Hedge funds

Focus by fund count, roster of Nov 1, 2026

$1,220,751,359 gross assets

LEI

549300D4H3OV31ZBOG02

Private funds on Schedule D 7.B.(1)

As filed Oct 16, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$1,080,698,296 gross assets in 1 fund Hedge funds $1,080,698,296 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Feb 2026 to Nov 2026	—	—
Feb 2025 to Jan 2026	—	—
Feb 2024 to Jan 2025	—	—
Jun 2023 to Jan 2024	—	—
May 2023	$0	—
Feb 2020 to Apr 2023	—	—

Portfolio style

Measured from the filed 13F common-share book for Sep 30, 2024, never from the firm's own description.

Style

Diversified active

Top 10 weight 56.9%, 19.3 effective positions, active share 96.7% against the S&P 500 as of 2024-09-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

High turnover

214.1% over the last four quarters (100%+)

Horizon

Short horizon

Value-weighted holding period 2.6 quarters (under 4)

Closest benchmark: the S&P 500 as of 2024-09-30, active share 96.7%; sector active share 56.0% against the combined 13F book's sector weights.

Over time 8 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

66 tracked positions · as of Sep 30, 2024 · Δ vs Jun 30, 2024

Top Position

14.8%

−4.7 pts

Top 5

41.4%

−10.7 pts

Top 10

56.9%

−6.9 pts

HHI

519

Diversified−248

Portfolio Trend

8 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2024

Sector	% Portfolio	Value	Positions
Consumer Cyclical	38.3%	$5,022,416	21
Basic Materials	19.9%	$2,607,512	5
Healthcare	17.9%	$2,347,541	21
Technology	10.2%	$1,339,499	6
Consumer Defensive	6.0%	$786,804	4
Energy	4.9%	$642,932	4
Communication Services	1.5%	$197,725	3
Unclassified	0.7%	$98,053	1
Industrials	0.6%	$75,808	1

Last Quarter's Activity

Export CSV

Sep 30, 2024 vs Jun 30, 2024

Added To

Positions the filer increased

20 positions

Ticker	Company	Δ Shares	Shares	Value
F	Ford Motor Co	+64,100	76,062	$803,214
XRAY	DENTSPLY SIRONA Inc.	+2,500	6,100	$165,066
LVS	Las Vegas Sands Corp	+2,300	3,800	$191,292
CGNX	Cognex Corp	+2,055	2,100	$85,050
PPG	Ppg Industries Inc	+1,600	4,200	$556,332
SRPT	Sarepta Therapeutics, Inc.	+1,200	1,400	$174,846
—		+1,200	3,100	$98,053
AAP	Advance Auto Parts Inc	+1,000	2,000	$77,980
HAL	Halliburton Co	+1,000	7,700	$223,685
INCY	Incyte Corp	+1,000	1,800	$118,980
SLB	Slb Limited	+700	5,000	$209,750
BMRN	Biomarin Pharmaceutical Inc	+600	1,400	$98,406
LEN	Lennar Corp	+500	10,321	$1,934,979
PODD	Insulet Corp	+400	1,100	$256,025
BIIB	Biogen Inc.	+400	500	$96,920
DG	Dollar General Corp	+400	1,600	$135,312
ZBH	Zimmer Biomet Holdings, Inc.	+300	700	$75,565
DLTR	Dollar Tree, Inc.	+200	1,800	$126,576
HUM	Humana Inc	+200	300	$95,022
MOH	Molina Healthcare, Inc.	+100	300	$103,368
No positions match the current search.

Trimmed

Positions the filer reduced

15 positions

Ticker	Company	Δ Shares	Shares	Value
TAP	Molson Coors Beverage Co	−8,900	7,500	$431,400
NOV	NOV Inc.	−6,300	9,100	$145,327
ALB	Albemarle Corp	−5,200	799	$75,673
GM	General Motors Co	−4,800	23	$1,031
LEA	Lear Corp	−2,106	1,000	$109,150
BAX	Baxter International Inc	−700	2,600	$98,722
BBY	Best Buy Co Inc	−600	1,000	$103,300
TGT	Target Corp	−600	600	$93,516
W	Wayfair Inc.	−500	2,200	$123,596
ULTA	Ulta Beauty, Inc.	−400	200	$77,824
SAH	Sonic Automotive Inc	−400	1,100	$64,328
VEEV	Veeva Systems Inc	−300	300	$62,961
DHI	Horton D R Inc	−100	200	$38,154
ALGN	Align Technology Inc	−100	400	$101,728
ROKU	Roku, Inc	−100	1,000	$74,660
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
VALE	Vale S.A.	127,800	$1,492,704
STLA	Stellantis N.V.	45,600	$640,680
SWKS	Skyworks Solutions, Inc.	4,300	$424,711
DXCM	Dexcom Inc	6,300	$422,352
QCOM	Qualcomm Inc	2,400	$408,120
PKX	Posco Holdings Inc.	5,000	$349,950
—		2,800	$289,240
MGM	MGM Resorts International	6,500	$254,085
AXTA	Axalta Coating Systems Ltd.	3,671	$132,853
NBIX	Neurocrine Biosciences Inc	900	$103,698
MCK	Mckesson Corp	200	$98,884
GT	Goodyear Tire & Rubber Co	10,349	$91,588
CVS	CVS HEALTH Corp	1,400	$88,032
DIS	Walt Disney Co	800	$76,952
SBLK	Star Bulk Carriers Corp.	3,200	$75,808
EW	Edwards Lifesciences Corp	1,100	$72,589
NXPI	NXP Semiconductors N.V.	300	$72,003
PHM	Pultegroup Inc	500	$71,765
STNG	Scorpio Tankers Inc.	900	$64,170
GFS	GLOBALFOUNDRIES Inc.	1,500	$60,375
ROST	Ross Stores, Inc.	400	$60,204
RL	Ralph Lauren Corp	300	$58,161
BURL	Burlington Stores, Inc.	200	$52,696
WEN	Wendy's Co	2,800	$49,056
TTWO	Take Two Interactive Software Inc	300	$46,113
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
WDC	Western Digital Corp	39,455	$2,989,507
MSFT	Microsoft Corp	4,800	$2,145,360
UAL	United Airlines Holdings, Inc.	9,700	$472,002
ADNT	Adient plc	13,700	$338,527
PEP	Pepsico Inc	1,900	$313,367
DAL	Delta Air Lines, Inc.	4,400	$208,736
MNST	Monster Beverage Corp	4,116	$205,594
DOW	Dow Inc.	3,200	$169,760
ROK	Rockwell Automation, Inc	501	$137,915
TEX	Terex Corp	2,300	$126,132
APA	APA Corp	3,800	$111,872
EMR	Emerson Electric Co	1,000	$110,160
TDOC	Teladoc Health, Inc.	10,200	$99,756
HII	Huntington Ingalls Industries, Inc.	400	$98,532
FTV	Fortive Corp	1,200	$88,919
NOC	Northrop Grumman Corp	200	$87,190
—		1,800	$76,050
SWK	Stanley Black & Decker, Inc.	900	$71,901
LEGN	Legend Biotech Corp	1,600	$70,864
TFX	Teleflex Inc	300	$63,099
KMT	Kennametal Inc	2,620	$61,674
RMD	Resmed Inc	300	$57,426
APD	Air Products & Chemicals, Inc.	200	$51,610
IDXX	Idexx Laboratories Inc	100	$48,720
LUV	Southwest Airlines Co	1,300	$37,193
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

66 tracked positions · $13,118,290 total · filing declares 71 positions · $45,181,822 · as of Sep 30, 2024

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Healthcare Industrials Technology

Showing 1–50 of 66 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
LEN	Lennar Corp Consumer Cyclical	Added	10,321	+500	$1,934,979	+31.5%	8	before history	14.75%
VALE	Vale S.A. Basic Materials	NEW	127,800	NEW	$1,492,704	NEW	1	$10.72	11.38%
F	Ford Motor Co Consumer Cyclical	Added	76,062	+64,100	$803,214	+435.5%	2	$11.59	6.12%
STLA	Stellantis N.V. Consumer Cyclical	NEW	45,600	NEW	$640,680	NEW	1	$17.00	4.88%
PPG	Ppg Industries Inc Basic Materials	Added	4,200	+1,600	$556,332	+70.0%	3	$132.62	4.24%
TAP	Molson Coors Beverage Co Consumer Defensive	Reduced	7,500	-8,900	$431,400	−48.2%	2	$57.85	3.29%
SWKS	Skyworks Solutions, Inc. Technology	NEW	4,300	NEW	$424,711	NEW	1	$106.06	3.24%
DXCM	Dexcom Inc Healthcare	NEW	6,300	NEW	$422,352	NEW	1	$82.12	3.22%
QCOM	Qualcomm Inc Technology	NEW	2,400	NEW	$408,120	NEW	1	$176.57	3.11%
PKX	Posco Holdings Inc. Basic Materials	NEW	5,000	NEW	$349,950	NEW	1	$65.37	2.67%
		NEW	2,800	NEW	$289,240	NEW	1	$112.31	2.20%
PODD	Insulet Corp Healthcare	Added	1,100	+400	$256,025	+81.2%	2	$189.35	1.95%
MGM	MGM Resorts International Consumer Cyclical	NEW	6,500	NEW	$254,085	NEW	1	$39.55	1.94%
HAL	Halliburton Co Energy	Added	7,700	+1,000	$223,685	−1.2%	2	$36.21	1.71%
SLB	Slb Limited Energy	Added	5,000	+700	$209,750	+3.4%	2	$47.74	1.60%
LVS	Las Vegas Sands Corp Consumer Cyclical	Added	3,800	+2,300	$191,292	+188.2%	2	$43.22	1.46%
SRPT	Sarepta Therapeutics, Inc. Healthcare	Added	1,400	+1,200	$174,846	+453.3%	3	$135.99	1.33%
XRAY	DENTSPLY SIRONA Inc. Healthcare	Added	6,100	+2,500	$165,066	+84.1%	2	$27.39	1.26%
NOV	NOV Inc. Energy	Reduced	9,100	-6,300	$145,327	−50.4%	2	$18.74	1.11%
DG	Dollar General Corp Consumer Defensive	Added	1,600	+400	$135,312	−14.7%	2	$132.14	1.03%
AXTA	Axalta Coating Systems Ltd. Basic Materials	NEW	3,671	NEW	$132,853	NEW	1	$35.09	1.01%
DLTR	Dollar Tree, Inc. Consumer Defensive	Added	1,800	+200	$126,576	−25.9%	2	$115.08	0.96%
W	Wayfair Inc. Consumer Cyclical	Reduced	2,200	-500	$123,596	−13.2%	2	$59.38	0.94%
MSC	STUDIO CITY INTERNATIONAL HOLDINGS Ltd Consumer Cyclical	Held	16,390	0	$122,925	+28.2%	8	before history	0.94%
INCY	Incyte Corp Healthcare	Added	1,800	+1,000	$118,980	+145.3%	2	$60.60	0.91%
LEA	Lear Corp Consumer Cyclical	Reduced	1,000	-2,106	$109,150	−69.2%	3	$128.00	0.83%
NBIX	Neurocrine Biosciences Inc Healthcare	NEW	900	NEW	$103,698	NEW	1	$137.09	0.79%
MOH	Molina Healthcare, Inc. Healthcare	Added	300	+100	$103,368	+73.8%	2	$336.31	0.79%
BBY	Best Buy Co Inc Consumer Cyclical	Reduced	1,000	-600	$103,300	−23.4%	2	$79.39	0.79%
ALGN	Align Technology Inc Healthcare	Reduced	400	-100	$101,728	−15.7%	3	$284.39	0.78%
MCK	Mckesson Corp Healthcare	NEW	200	NEW	$98,884	NEW	1	$556.84	0.75%
BAX	Baxter International Inc Healthcare	Reduced	2,600	-700	$98,722	−10.6%	2	$36.86	0.75%
BMRN	Biomarin Pharmaceutical Inc Healthcare	Added	1,400	+600	$98,406	+49.4%	2	$83.40	0.75%
		Added	3,100	+1,200	$98,053	+77.4%	2	unpriced	0.75%
BIIB	Biogen Inc. Healthcare	Added	500	+400	$96,920	+318.1%	3	$214.21	0.74%
MHK	Mohawk Industries Inc Consumer Cyclical	Held	600	0	$96,408	+41.5%	2	$116.30	0.73%
HUM	Humana Inc Healthcare	Added	300	+200	$95,022	+154.3%	3	$363.65	0.72%
TGT	Target Corp Consumer Defensive	Reduced	600	-600	$93,516	−47.4%	2	$157.33	0.71%
GT	Goodyear Tire & Rubber Co Consumer Cyclical	NEW	10,349	NEW	$91,588	NEW	1	$9.44	0.70%
CVS	CVS HEALTH Corp Healthcare	NEW	1,400	NEW	$88,032	NEW	1	$58.34	0.67%
CGNX	Cognex Corp Technology	Added	2,100	+2,055	$85,050	+3942.3%	8	before history	0.65%
AAP	Advance Auto Parts Inc Consumer Cyclical	Added	2,000	+1,000	$77,980	+23.1%	2	$62.31	0.59%
ULTA	Ulta Beauty, Inc. Consumer Cyclical	Reduced	200	-400	$77,824	−66.4%	2	$406.48	0.59%
DIS	Walt Disney Co Communication Services	NEW	800	NEW	$76,952	NEW	1	$92.01	0.59%
SBLK	Star Bulk Carriers Corp. Industrials	NEW	3,200	NEW	$75,808	NEW	1	$22.19	0.58%
ALB	Albemarle Corp Basic Materials	Reduced	799	-5,200	$75,673	−86.8%	2	$118.90	0.58%
ZBH	Zimmer Biomet Holdings, Inc. Healthcare	Added	700	+300	$75,565	+74.1%	2	$114.14	0.58%
ROKU	Roku, Inc Communication Services	Reduced	1,000	-100	$74,660	+13.3%	2	$58.63	0.57%
EW	Edwards Lifesciences Corp Healthcare	NEW	1,100	NEW	$72,589	NEW	1	$72.66	0.55%
NXPI	NXP Semiconductors N.V. Technology	NEW	300	NEW	$72,003	NEW	1	$250.69	0.55%

Showing the top 50 of 66 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.