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Livermore
Livermore
ZHEN

Quantitative Investment Management, LLC

SEC CIK
0001445911
Latest filing
Aug 14, 2026

Holdings in Q4 2025

Holdings as of Dec 31, 2025, filed Feb 17, 2026. Long positions only; changes compare share counts with Q3 2025.

Institution overview
Positions
376
+54 vs. Q3 2025
Portfolio value
$1.03B
+$309.1M (+43.0%) vs. Q3 2025
Filed
Feb 17, 2026
SEC
Holdings of Quantitative Investment Management, LLC in Q4 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
State Street Financial Select Sector SPDR ETF81369Y605ETF1,210,077$66.3M6.4%+1,052,497+667.9%Added–
State Street Materials Select Sector SPDR ETF81369Y100ETF1,126,646$51.1M5.0%+1,126,646New–
IBITiShares Bitcoin Trust ETFETF874,627$43.4M4.2%+874,627NewHistory
NVDANVIDIA CorpStock220,037$41.0M4.0%+68,131+44.9%AddedHistory
State Street SPDR S&P Regional Banking ETF78464A698ETF527,619$34.2M3.3%+513,970+3,765.6%Added–
MSTRStrategy IncStock178,287$27.1M2.6%+178,287NewHistory
State Street Consumer Staples Select Sector SPDR ETF81369Y308ETF293,632$22.8M2.2%+293,632New–
State Street Industrial Select Sector SPDR ETF81369Y704ETF139,324$21.6M2.1%+135,084+3,185.9%Added–
ETHAiShares Ethereum Trust ETFSHS767,593$17.2M1.7%+257,675+50.5%AddedHistory
CVNACarvana Co.CL A38,322$16.2M1.6%+38,322NewHistory
NFLXNetflix IncStock168,345$15.8M1.5%+168,345NewHistory
UNHUnitedHealth Group IncStock46,722$15.4M1.5%+46,722NewHistory
WMTWalmart Inc.Stock102,855$11.5M1.1%+20,546+25.0%AddedHistory
State Street Communication Services Select Sector SPDR ETF81369Y852ETF92,474$10.9M1.1%+92,474New–
TXNTexas Instruments IncStock60,388$10.5M1.0%+60,388NewHistory
VVisa Inc.Stock28,394$9.96M1.0%+28,394NewHistory
WFCWells Fargo & CompanyStock101,911$9.50M0.9%+63,939+168.4%AddedHistory
Invesco Exch Traded FD Tr II46138E628KBW BK ETF110,410$9.31M0.9%+110,410New–
ORCLOracle CorpStock46,031$8.97M0.9%+15,376+50.2%AddedHistory
AMDAdvanced Micro Devices IncStock41,453$8.88M0.9%−63,290−60.4%ReducedHistory
CCitigroup IncStock70,170$8.19M0.8%+70,170NewHistory
SNPSSynopsys IncCOM16,849$7.91M0.8%+10,630+170.9%AddedHistory
IRENIREN LtdORDINARY SHARES195,574$7.39M0.7%+195,574NewHistory
MDLZMondelez International, Inc.Stock132,207$7.12M0.7%+121,758+1,165.3%AddedHistory
BACBank of America CorpStock127,430$7.01M0.7%+118,334+1,300.9%AddedHistory
MAMastercard IncStock12,127$6.92M0.7%+12,127NewHistory
SCHWSchwab Charles CorpStock65,917$6.58M0.6%+65,917NewHistory
BABAAlibaba Group Holding LtdADR44,046$6.46M0.6%+41,006+1,348.9%AddedHistory
BEBloom Energy CorpCOM CL A69,150$6.01M0.6%+69,150NewHistory
COFCapital One Financial CorpStock24,505$5.94M0.6%+24,505NewHistory
KMBKimberly Clark CorpStock58,394$5.89M0.6%+58,394NewHistory
MPMP Materials Corp.COM CL A114,167$5.77M0.6%+114,167NewHistory
VSTVistra Corp.Stock35,701$5.76M0.6%+35,701NewHistory
ZTSZoetis Inc.Stock45,463$5.72M0.6%+45,463NewHistory
CICigna GroupStock20,755$5.71M0.6%+18,452+801.2%AddedHistory
FCXFreeport-McMoran IncStock108,509$5.51M0.5%+108,509NewHistory
NXPINXP Semiconductors N.V.COM25,370$5.51M0.5%+25,370NewHistory
HOODRobinhood Markets, Inc.Stock48,188$5.45M0.5%+15,628+48.0%AddedHistory
CRMSalesforce, Inc.Stock20,274$5.37M0.5%+9,323+85.1%AddedHistory
HBANHuntington Bancshares IncCOM309,126$5.36M0.5%+309,126NewHistory
ABNBAirbnb, Inc.Stock38,623$5.24M0.5%+38,623NewHistory
ADIAnalog Devices IncStock18,202$4.94M0.5%+18,202NewHistory
State Street Energy Select Sector SPDR ETF81369Y506ETF108,338$4.84M0.5%−367,450−77.2%ReducedConverted for a 2-for-1 split–
State Street SPDR S&P Bank ETF78464A797ETF78,445$4.76M0.5%+71,767+1,074.7%Added–
MCHPMicrochip Technology IncStock72,622$4.63M0.4%+44,947+162.4%AddedHistory
LMTLockheed Martin CorpStock9,527$4.61M0.4%+3,590+60.5%AddedHistory
SMCISuper Micro Computer, Inc.Stock146,395$4.28M0.4%−2,529−1.7%ReducedHistory
VZVerizon Communications IncStock103,026$4.20M0.4%+103,026NewHistory
COPConocoPhillipsStock42,900$4.01M0.4%+42,900NewHistory
MSCIMSCI Inc.Stock6,885$3.95M0.4%+5,739+500.8%AddedHistory
RGTIRigetti Computing, Inc.COMMON STOCK176,248$3.90M0.4%−308,089−63.6%ReducedHistory
U.S. Global Jets ETF26922A842ETF136,574$3.83M0.4%+136,574New–
PGRProgressive CorpStock16,812$3.83M0.4%+16,812NewHistory
NVONovo Nordisk A SADR74,969$3.81M0.4%−123,730−62.3%ReducedHistory
FISVFiserv IncStock56,471$3.79M0.4%+12,914+29.6%AddedHistory
BABoeing CoStock17,267$3.75M0.4%+17,267NewHistory
GSGoldman Sachs Group IncStock4,224$3.71M0.4%+4,224NewHistory
ADBEAdobe Inc.Stock10,515$3.68M0.4%+10,515NewHistory
LUVSouthwest Airlines CoCOM87,218$3.60M0.4%+68,277+360.5%AddedHistory
JPMJPMorgan Chase & CoStock11,093$3.57M0.3%+8,477+324.0%AddedHistory
Vanguard Financials ETF92204A405ETF26,703$3.56M0.3%+26,703New–
ADPAutomatic Data Processing IncStock13,796$3.55M0.3%+13,796NewHistory
MELIMercadolibre IncCOM1,757$3.54M0.3%+1,757NewHistory
RBLXRoblox CorpStock41,793$3.39M0.3%+41,793NewHistory
KEYKeycorpCOM160,050$3.30M0.3%+160,050NewHistory
BURLBurlington Stores, Inc.COM11,245$3.25M0.3%+11,245NewHistory
MCOMoodys CorpStock6,290$3.21M0.3%+6,290NewHistory
ETNEaton Corp plcStock9,902$3.15M0.3%+3,098+45.5%AddedHistory
Vanguard Ftse Emerging Markets ETF922042858ETF55,933$3.01M0.3%+55,933New–
CCLCarnival Corp Ltd.UNIT 99/99/999997,673$2.98M0.3%+45,967+88.9%AddedHistory
AMZNAmazon Com IncStock12,602$2.91M0.3%+12,602NewHistory
PGProcter & Gamble CoStock20,242$2.90M0.3%+20,242NewHistory
Vanguard Intl Equity Index F922042874FTSE EUROPE ETF34,505$2.88M0.3%+34,505New–
USBUS Bancorp DECOM NEW53,196$2.84M0.3%+53,196NewHistory
FHNFirst Horizon CorpCOM115,668$2.76M0.3%+115,668NewHistory
HDHome Depot, Inc.Stock7,998$2.75M0.3%+7,998NewHistory
DHRDanaher CorpStock11,924$2.73M0.3%+6,917+138.1%AddedHistory
RFRegions Financial CorpCOM99,303$2.69M0.3%+91,020+1,098.9%AddedHistory
ONOn Semiconductor CorpStock49,081$2.66M0.3%+49,081NewHistory
PNCPNC Financial Services Group, Inc.Stock12,629$2.64M0.3%+12,629NewHistory
ROPRoper Technologies IncStock5,893$2.62M0.3%+5,299+892.1%AddedHistory
FCNCAFirst Citizens Bancshares IncCL A1,188$2.55M0.2%+1,188NewHistory
GWWW.W. Grainger, Inc.Stock2,492$2.51M0.2%+2,047+460.0%AddedHistory
VRSKVerisk Analytics, Inc.COM11,112$2.48M0.2%+2,975+36.6%AddedHistory
CHTRCharter Communications, Inc.CL A11,685$2.44M0.2%+8,944+326.3%AddedHistory
TAT&T Inc.Stock97,515$2.42M0.2%+97,515NewHistory
CSGPCostar Group, Inc.COM35,749$2.40M0.2%+35,749NewHistory
TFCTruist Financial CorpCOM48,306$2.38M0.2%+48,306NewHistory
PAYXPaychex IncStock20,844$2.34M0.2%+9,353+81.4%AddedHistory
GEGeneral Electric CoStock7,568$2.33M0.2%+7,568NewHistory
PYPLPayPal Holdings, Inc.Stock39,676$2.32M0.2%+39,676NewHistory
ADMArcher-Daniels-Midland CoStock39,811$2.29M0.2%+39,811NewHistory
SPGIS&P Global Inc.Stock4,374$2.29M0.2%+4,374NewHistory
DXCMDexcom IncCOM34,375$2.28M0.2%+20,918+155.4%AddedHistory
PEverpure, Inc.CL A33,311$2.23M0.2%+33,311NewHistory
TKOTKO Group Holdings, Inc.CL A10,654$2.23M0.2%+6,059+131.9%AddedHistory
CVXChevron CorpStock14,461$2.20M0.2%+9,519+192.6%AddedHistory
AIGAmerican International Group, Inc.Stock25,642$2.19M0.2%+25,642NewHistory
HONHoneywell International IncCOM11,054$2.16M0.2%+11,054NewHistory
CNHCNH Industrial N.V.SHS231,784$2.14M0.2%+127,258+121.7%AddedHistory

Sold out since Q3 2025 (183)

Positions held at the end of Q3 2025 that are gone from this filing.

The largest 100 of 183 by value last quarter.

Positions of Quantitative Investment Management, LLC sold out since Q3 2025
SecurityClassShares in Q3 2025Value in Q3 2025% of portfolio in Q3 2025History
TSLATesla, Inc.Stock78,719$35.0M4.9%History
PLTRPalantir Technologies Inc.Stock140,627$25.7M3.6%History
State Street Utilities Select Sector SPDR ETF81369Y886ETF252,036$22.0M3.1%–
PANWPalo Alto Networks IncStock87,443$17.8M2.5%History
LLYEli Lilly & CoStock19,202$14.7M2.0%History
AMATApplied Materials IncStock68,028$13.9M1.9%History
IONQIonQ, Inc.COM197,700$12.2M1.7%History
HIMSHims & Hers Health, Inc.Stock181,633$10.3M1.4%History
ARK Innovation ETF00214Q104ETF118,425$10.2M1.4%–
ASMLASML Holding NVADR7,933$7.68M1.1%History
DLTRDollar Tree, Inc.COM80,793$7.62M1.1%History
ACNAccenture plcStock28,685$7.07M1.0%History
MSFTMicrosoft CorpStock12,252$6.34M0.9%History
DGDollar General CorpCOM59,911$6.19M0.9%History
CRWDCrowdStrike Holdings, Inc.Stock12,089$5.93M0.8%History
PMPhilip Morris International Inc.Stock36,132$5.86M0.8%History
MUMicron Technology IncStock33,667$5.63M0.8%History
PDDPDD Holdings Inc.SPONSORED ADS39,402$5.21M0.7%History
Kraneshares Trust500767306CSI CHI INTERNET123,104$5.17M0.7%–
MCDMcDonalds CorpStock16,371$4.97M0.7%History
IBMInternational Business Machines CorpStock17,156$4.84M0.7%History
TMOThermo Fisher Scientific Inc.Stock9,361$4.54M0.6%History
VanEck Semiconductor ETF92189F676ETF13,678$4.46M0.6%–
WBDWarner Bros. Discovery, Inc.Stock209,217$4.09M0.6%History
iShares Semiconductor ETF464287523ETF13,214$3.58M0.5%–
XYZBlock, Inc.CL A49,399$3.57M0.5%History
WINGWingstop Inc.COM13,451$3.38M0.5%History
YUMYum Brands IncStock18,220$2.77M0.4%History
State Street Technology Select Sector SPDR ETF81369Y803ETF9,714$2.74M0.4%–
XPEVXpeng Inc.ADS116,157$2.72M0.4%History
LYFTLyft, Inc.CL A COM121,508$2.67M0.4%History
BTIBritish American Tobacco p.l.c.SPONSORED ADR48,494$2.57M0.4%History
UBERUber Technologies, IncStock25,321$2.48M0.3%History
COOCooper Companies, Inc.COM36,024$2.47M0.3%History
IQVIQVIA Holdings Inc.Stock12,754$2.42M0.3%History
UPSUnited Parcel Service IncStock28,615$2.39M0.3%History
SPDR Series Trust78468R556SP O&G EXPL PRO18,062$2.39M0.3%–
ZMZoom Communications, Inc.Stock28,300$2.33M0.3%History
ALLAllstate CorpStock10,753$2.31M0.3%History
WDAYWorkday, Inc.CL A9,281$2.23M0.3%History
VTRVentas, Inc.REIT31,059$2.17M0.3%History
WMBWilliams Companies, Inc.COM32,019$2.03M0.3%History
CLSKCleanspark, Inc.COM NEW135,126$1.96M0.3%History
KMIKinder Morgan, Inc.Stock68,597$1.94M0.3%History
FERGFerguson Enterprises Inc.COMMON STOCK NEW8,632$1.94M0.3%History
EXCExelon CorpStock43,008$1.94M0.3%History
PPLPPL CorpCOM50,982$1.89M0.3%History
MASIMasimo CorpCOM12,025$1.77M0.2%History
CBChubb LtdStock6,171$1.74M0.2%History
WECWec Energy Group, Inc.Stock14,376$1.65M0.2%History
WGSGeneDx Holdings Corp.COM CL A15,071$1.62M0.2%History
CORTCorcept Therapeutics IncCOM19,179$1.59M0.2%History
State Street SPDR S&P Homebuilders ETF78464A888ETF13,694$1.52M0.2%–
INODInnodata IncCOM NEW19,377$1.49M0.2%History
NSCNorfolk Southern CorpStock4,867$1.46M0.2%History
DOCSDoximity, Inc.CL A19,503$1.43M0.2%History
BBAIBigBear.ai Holdings, Inc.COM213,174$1.39M0.2%History
iShares Inc464286400MSCI BRAZIL ETF44,303$1.37M0.2%–
DELLDell Technologies Inc.Stock9,637$1.37M0.2%History
ERICEricsson LM Telephone CoADR B SEK 10163,228$1.35M0.2%History
DTEDte Energy CoCOM9,533$1.35M0.2%History
XELXcel Energy IncStock16,061$1.29M0.2%History
YMMFull Truck Alliance Co. Ltd.SPONSORED ADS99,525$1.29M0.2%History
FICOFair Isaac CorpCOM861$1.29M0.2%History
MDBMongoDB, Inc.CL A4,074$1.26M0.2%History
COHRCoherent Corp.COM11,672$1.26M0.2%History
TJXTJX Companies IncStock8,490$1.23M0.2%History
URIUnited Rentals, Inc.COM1,277$1.22M0.2%History
ENBEnbridge IncStock24,153$1.22M0.2%History
EXASExact Sciences CorpCOM21,732$1.19M0.2%History
JDJD.com, Inc.SPON ADS CL A33,084$1.16M0.2%History
BLDQXO Insulation, LLCStock2,888$1.13M0.2%History
FFord Motor CoStock92,242$1.10M0.2%History
KOCoca Cola CoStock16,597$1.10M0.2%History
TCOMTrip.com Group LtdADS14,606$1.10M0.2%History
PSXPhillips 66Stock7,718$1.05M0.1%History
CATCaterpillar IncStock2,161$1.03M0.1%History
DGXQuest Diagnostics IncCOM5,414$1.03M0.1%History
ASTSAST SpaceMobile, Inc.COM CL A20,592$1.01M0.1%History
FTVFortive CorpStock19,790$969.0K0.1%History
PEPPepsiCo IncStock6,673$937.0K0.1%History
CMECME Group Inc.COM3,440$929.0K0.1%History
PBRPetrobras - Petroleo Brasileiro SASPONSORED ADR71,541$905.0K0.1%History
FEFirstenergy CorpCOM19,346$886.0K0.1%History
LOWLowes Companies IncStock3,460$869.0K0.1%History
INSPInspire Medical Systems, Inc.COM11,692$867.0K0.1%History
CBRLCracker Barrel Old Country Store, IncCOM19,678$867.0K0.1%History
HIIHuntington Ingalls Industries, Inc.COM2,963$853.0K0.1%History
EQTEQT CorpStock15,431$839.0K0.1%History
FDXFedEx CorpStock3,532$832.0K0.1%History
DDOGDatadog, Inc.CL A COM5,658$805.0K0.1%History
PODDInsulet CorpStock2,543$785.0K0.1%History
GAPGap IncCOM35,823$766.0K0.1%History
CZRCaesars Entertainment, Inc.COM28,247$763.0K0.1%History
OSCROscar Health, Inc.CL A40,287$762.0K0.1%History
BZKanzhun LtdSPONSORED ADS31,911$745.0K0.1%History
AVBAvalonbay Communities IncCOM3,802$734.0K0.1%History
CCEPCoca-Cola Europacific Partners plcSHS7,882$712.0K0.1%History
CNPCenterpoint Energy IncCOM18,301$710.0K0.1%History
GLOBGlobant S.A.COM12,339$708.0K0.1%History