R Squared Ltd

CIK

1896148

Location

HONG KONG, K3

Portfolio Value

Small $179,357,957

Diversification

Diversified

Filing Date

Global Rank

#4,430 / 8,603 ▼ 170 · as of Mar 2026

Top Industry

Utilities - Regulated Electric 5.0%

3Y Alpha vs SPY

-5.3%

Period ended 3 months ago

Filed Apr 29, 2026 · 2mo

6 quarters · since Dec 2024

Clone Performance

Feb 2025–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+15.7%

SPY

+24.0%

Annualised alpha

-5.7%

Max drawdown

−17.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

475 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

3.3%

+1.2 pts

Top 5

11.5%

+2.8 pts

Top 10

17.7%

+3.6 pts

HHI

Diversified+14

Portfolio Trend

6 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	17.9%	$32,029,493	81
Industrials	17.1%	$30,711,901	77
Technology	15.9%	$28,450,875	67
Healthcare	13.4%	$24,092,580	76
Consumer Cyclical	8.2%	$14,781,717	44
Communication Services	6.3%	$11,376,317	26
Utilities	6.1%	$10,921,962	14
Consumer Defensive	5.9%	$10,622,050	29
Energy	5.0%	$8,972,311	26
Basic Materials	3.5%	$6,321,255	28
Real Estate	0.6%	$1,077,496	7

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
GRAB	Grab Holdings Ltd	+157,527	171,976	$629,432
PLUG	Plug Power Inc	+93,509	118,099	$266,903
AMC	Amc Entertainment Holdings, Inc.	+77,906	100,186	$98,182
HOLX	HOLOGIC INC	+63,385	78,909	$5,964,731
TXNM	Txnm Energy Inc	+62,485	76,056	$4,446,233
KVUE	Kenvue Inc.	+37,859	65,589	$1,130,754
HUMA	Humacyte, Inc.	+36,758	62,911	$38,186
GPRO	GoPro, Inc.	+32,113	97,067	$74,741
SMRT	SmartRent, Inc.	+31,503	78,481	$117,721
CHT	Chunghwa Telecom Co Ltd	+27,200	55,164	$2,330,127
REI	Ring Energy, Inc.	+26,798	51,950	$79,483
CURI	CuriosityStream Inc.	+24,240	44,485	$131,675
CRNT	Ceragon Networks Ltd	+23,234	55,838	$120,610
LXRX	Lexicon Pharmaceuticals, Inc.	+20,947	67,526	$105,340
POWW	Outdoor Holding Co	+20,904	39,483	$79,360
HLLY	Holley Inc.	+18,497	33,606	$103,170
BTE	Baytex Energy Corp.	+18,400	42,377	$189,425
SNDL	SNDL Inc.	+18,181	92,503	$122,103
DNN	Denison Mines Corp.	+17,659	33,460	$118,113
SNY	Sanofi	+17,050	26,030	$1,254,125
AUTL	Autolus Therapeutics plc	+12,915	39,575	$54,613
ONDS	Ondas Inc.	+12,605	36,404	$329,092
MRVI	Maravai Lifesciences Holdings, Inc.	+11,827	27,394	$77,525
OTLY	Oatly Group AB	+11,145	25,609	$259,675
RXRX	Recursion Pharmaceuticals, Inc.	+11,118	32,363	$99,354
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SGMOQ	Sangamo Therapeutics, Inc	−57,325	89,866	$22,466
TV	Grupo Televisa, S.A.B.	−42,744	11,830	$34,425
ALLO	Allogene Therapeutics, Inc.	−40,970	45,245	$110,397
HBAN	Huntington Bancshares Inc /Md/	−33,484	10,321	$161,523
INDO	Indonesia Energy Corp Ltd	−28,707	17,107	$58,848
BBD	Bank Bradesco	−27,778	68,563	$250,254
HLN	Haleon plc	−27,103	12,473	$124,854
AAL	American Airlines Group Inc.	−26,573	13,577	$145,816
ELPC	Energy Co Of Parana	−25,429	19,326	$230,752
ZVIA	Zevia PBC	−24,412	19,600	$22,932
SPWR	SunPower Inc.	−23,821	10,612	$13,477
SOUN	Soundhound Ai, Inc.	−22,456	18,860	$129,568
BSX	Boston Scientific Corp	−20,754	9,963	$625,178
CERS	Cerus Corp	−20,481	18,495	$33,660
EC	Ecopetrol S.A.	−19,169	16,738	$250,902
EQNR	Equinor ASA	−18,882	9,730	$410,606
VALE	Vale S.A.	−18,585	36,382	$578,837
GCMG	GCM Grosvenor Inc.	−17,601	26,192	$256,681
BMY	Bristol Myers Squibb Co	−17,443	4,302	$260,916
RNW	ReNew Energy Global plc	−17,248	20,984	$96,106
AMSF	Amerisafe Inc	−17,194	29,859	$995,200
BBAI	BigBear.ai Holdings, Inc.	−17,030	27,171	$95,641
WT	WisdomTree, Inc.	−16,901	30,895	$449,831
IBN	Icici Bank Ltd	−16,847	16,832	$435,948
ERIC	Ericsson Lm Telephone Co	−16,800	12,079	$136,130
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AAPL	Apple Inc.	18,818	$4,775,820
CVX	Chevron Corp	10,962	$2,268,037
TSLA	Tesla, Inc.	5,649	$2,100,015
GOOGL	Alphabet Inc.	6,325	$1,818,817
AVGO	Broadcom Inc.	5,129	$1,587,476
WBD	Warner Bros. Discovery, Inc.	35,889	$985,511
SNDK	Sandisk Corp	1,551	$985,412
FIVE	Five Below, Inc	4,310	$984,748
D	Dominion Energy, Inc	14,495	$896,080
FDX	Fedex Corp	3,101	$890,019
BP	Bp PLC	18,114	$851,358
PEN	Penumbra Inc	2,586	$849,164
GWW	W.W. Grainger, Inc.	772	$842,105
GTLS	Chart Industries Inc	3,886	$803,430
NWN	Northwest Natural Holding Co	14,535	$773,552
RPRX	Royalty Pharma plc	15,351	$736,387
ADP	Automatic Data Processing Inc	3,584	$728,197
LITE	Lumentum Holdings Inc.	1,000	$702,760
EBAY	Ebay Inc	7,561	$688,202
DHR	Danaher Corp /De/	3,252	$616,579
CSGS	Csg Systems International Inc	7,505	$599,949
ECL	Ecolab Inc.	2,248	$598,012
TGT	Target Corp	4,806	$582,487
SBLK	Star Bulk Carriers Corp.	25,293	$580,980
DAR	Darling Ingredients Inc.	8,954	$553,804
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
BLK	BlackRock, Inc.	3,276	$3,506,433
MRSH	Marsh & Mclennan Companies, Inc.	10,685	$1,982,281
AMZN	Amazon Com Inc	8,272	$1,909,343
PG	PROCTER & GAMBLE Co	12,776	$1,830,928
APH	Amphenol Corp /De/	12,675	$1,712,899
EOG	Eog Resources Inc	15,146	$1,590,481
TT	Trane Technologies plc	2,641	$1,027,877
CTAS	Cintas Corp	4,770	$897,093
CR	Crane Co	4,833	$891,350
LNG	Cheniere Energy, Inc.	4,568	$887,973
UBER	Uber Technologies, Inc	10,651	$870,293
TJX	Tjx Companies Inc /De/	5,327	$818,280
DTE	Dte Energy Co	6,078	$783,940
MSM	Msc Industrial Direct Co Inc	9,227	$775,990
XEL	Xcel Energy Inc	10,296	$760,462
TTE	TotalEnergies SE	11,464	$749,974
PGR	Progressive Corp/Oh/	3,218	$732,802
IBKR	Interactive Brokers Group, Inc.	11,213	$721,108
NFLX	Netflix Inc	7,579	$710,607
CRBG	Corebridge Financial, Inc.	22,996	$693,789
NET	Cloudflare, Inc.	3,379	$666,169
WST	West Pharmaceutical Services Inc	2,417	$665,013
T	At&T Inc.	25,673	$637,717
META	Meta Platforms, Inc.	953	$629,065
MCD	Mcdonalds Corp	2,012	$614,927
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

475 positions · $179,357,957 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 475 positions by value · page 1 of 10

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
HOLX	HOLOGIC INC Healthcare	Added	78,909	+63,385	$5,964,731	+415.8%	3.33%
AAPL	Apple Inc. Technology	NEW	18,818	NEW	$4,775,820	NEW	2.66%
TXNM	Txnm Energy Inc Utilities	Added	76,056	+62,485	$4,446,233	+456.4%	2.48%
EA	Electronic Arts Inc. Communication Services	Reduced	13,953	-3,151	$2,844,598	−18.6%	1.59%
MSFT	Microsoft Corp Technology	Added	7,077	+2,951	$2,619,693	+31.3%	1.46%
LLY	ELI LILLY & Co Healthcare	Added	2,647	+2,034	$2,434,631	+269.6%	1.36%
CHT	Chunghwa Telecom Co Ltd Communication Services	Added	55,164	+27,200	$2,330,127	+99.8%	1.30%
CVX	Chevron Corp Energy	NEW	10,962	NEW	$2,268,037	NEW	1.26%
TSLA	Tesla, Inc. Consumer Cyclical	NEW	5,649	NEW	$2,100,015	NEW	1.17%
PH	Parker-Hannifin Corp Industrials	Added	2,266	+1,606	$2,028,613	+249.7%	1.13%
V	Visa Inc. Financial Services	Added	6,456	+4,085	$1,951,261	+134.7%	1.09%
GOOGL	Alphabet Inc. Communication Services	NEW	6,325	NEW	$1,818,817	NEW	1.01%
C	Citigroup Inc Financial Services	Added	14,419	+9,016	$1,635,258	+159.4%	0.91%
WCN	Waste Connections, Inc. Industrials	Added	9,927	+5,783	$1,612,541	+121.9%	0.90%
AVGO	Broadcom Inc. Technology	NEW	5,129	NEW	$1,587,476	NEW	0.89%
GD	General Dynamics Corp Industrials	Added	4,318	+3,183	$1,482,023	+287.9%	0.83%
MU	Micron Technology Inc Technology	Reduced	3,996	-834	$1,350,008	−2.1%	0.75%
SNY	Sanofi Healthcare	Added	26,030	+17,050	$1,254,125	+188.2%	0.70%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	3,608	-6,496	$1,219,323	−60.3%	0.68%
KVUE	Kenvue Inc. Consumer Defensive	Added	65,589	+37,859	$1,130,754	+136.4%	0.63%
ICE	Intercontinental Exchange, Inc. Financial Services	Added	6,643	+4,951	$1,044,811	+281.3%	0.58%
MDT	Medtronic plc Healthcare	Added	11,513	+9,266	$997,601	+362.2%	0.56%
AMSF	Amerisafe Inc Financial Services	Reduced	29,859	-17,194	$995,200	−44.9%	0.55%
WBD	Warner Bros. Discovery, Inc. Communication Services	NEW	35,889	NEW	$985,511	NEW	0.55%
SNDK	Sandisk Corp Technology	NEW	1,551	NEW	$985,412	NEW	0.55%
FIVE	Five Below, Inc Consumer Cyclical	NEW	4,310	NEW	$984,748	NEW	0.55%
AXS	Axis Capital Holdings Ltd Financial Services	Reduced	9,578	-1,258	$971,304	−16.3%	0.54%
CMI	Cummins Inc Industrials	Added	1,751	+911	$942,073	+119.7%	0.53%
ITT	Itt Inc. Industrials	Added	4,785	+1,008	$911,686	+39.1%	0.51%
D	Dominion Energy, Inc Utilities	NEW	14,495	NEW	$896,080	NEW	0.50%
FDX	Fedex Corp Industrials	NEW	3,101	NEW	$890,019	NEW	0.50%
AEP	American Electric Power Co Inc Utilities	Added	6,709	+346	$879,415	+19.9%	0.49%
MO	Altria Group, Inc. Consumer Defensive	Reduced	13,317	-1,321	$878,788	+4.1%	0.49%
TEL	TE Connectivity plc Technology	Reduced	4,119	-4,092	$860,953	−53.9%	0.48%
BP	Bp PLC Energy	NEW	18,114	NEW	$851,358	NEW	0.47%
PEN	Penumbra Inc Healthcare	NEW	2,586	NEW	$849,164	NEW	0.47%
GWW	W.W. Grainger, Inc. Industrials	NEW	772	NEW	$842,105	NEW	0.47%
AN	Autonation, Inc. Consumer Cyclical	Added	4,243	+1,718	$828,488	+58.9%	0.46%
SPGI	S&P Global Inc. Financial Services	Added	2,000	+1,109	$804,806	+82.7%	0.45%
GTLS	Chart Industries Inc Industrials	NEW	3,886	NEW	$803,430	NEW	0.45%
NSC	Norfolk Southern Corp Industrials	Added	2,775	+2,065	$796,425	+288.5%	0.44%
CSV	Carriage Services Inc Consumer Cyclical	Added	17,375	+1,002	$793,342	+14.5%	0.44%
NWN	Northwest Natural Holding Co Utilities	NEW	14,535	NEW	$773,552	NEW	0.43%
MSCI	MSCI Inc. Financial Services	Added	1,429	+679	$770,245	+79.0%	0.43%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Added	8,272	+1,483	$763,588	+23.3%	0.43%
SNX	Td Synnex Corp Technology	Reduced	4,464	-5,566	$753,121	−50.0%	0.42%
GPI	Group 1 Automotive Inc Consumer Cyclical	Reduced	2,277	-631	$752,844	−34.2%	0.42%
RPRX	Royalty Pharma plc Healthcare	NEW	15,351	NEW	$736,387	NEW	0.41%
ADP	Automatic Data Processing Inc Technology	NEW	3,584	NEW	$728,197	NEW	0.41%
ANIK	Anika Therapeutics, Inc. Healthcare	Added	50,184	+8,603	$727,668	+82.1%	0.41%