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Livermore
Livermore
ZHEN

R Squared Ltd

SEC CIK
0001896148
Latest filing
Aug 5, 2026

Holdings in Q3 2025

Holdings as of Sep 30, 2025, filed Nov 12, 2025. Long positions only; changes compare share counts with Q2 2025.

Institution overview
Positions
537
+79 vs. Q2 2025
Portfolio value
$232.4M
+$50.9M (+28.1%) vs. Q2 2025
Filed
Nov 12, 2025
SEC
Holdings of R Squared Ltd in Q3 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
TRSTTrustco Bank Corp N YCOM NEW17,382$631.0K0.3%+1,481+9.3%AddedHistory
MCDMcDonalds CorpStock2,068$628.4K0.3%−11,521−84.8%ReducedHistory
SFStifel Financial CorpCOM5,499$624.0K0.3%+5,499NewHistory
IBKRInteractive Brokers Group, Inc.Stock9,021$620.7K0.3%+5,279+141.1%AddedHistory
RSGRepublic Services, Inc.COM2,681$615.2K0.3%−5,218−66.1%ReducedHistory
FIXComfort Systems USA IncCOM745$614.8K0.3%+239+47.2%AddedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR2,170$606.1K0.3%+2,170NewHistory
NMIHNMI Holdings, Inc.COM15,803$605.9K0.3%+6,199+64.5%AddedHistory
SMBKSmartfinancial Inc.COM NEW16,831$601.4K0.3%+16,831NewHistory
TPRTapestry, Inc.COM5,310$601.2K0.3%+955+21.9%AddedHistory
RIORio Tinto PLCADR9,035$596.4K0.3%+9,035NewHistory
CBChubb LtdStock2,100$592.7K0.3%+2,100NewHistory
ALEAllete IncCOM NEW8,782$583.1K0.3%−2,324−20.9%ReducedHistory
RGAReinsurance Group of America IncCOM NEW3,035$583.1K0.3%+1,955+181.0%AddedHistory
ARMArm Holdings PLCADR4,077$576.9K0.2%+4,077NewHistory
VALEVale S.A.SPONSORED ADS52,883$574.3K0.2%+30,923+140.8%AddedHistory
BPOPPopular, Inc.COM NEW4,520$574.1K0.2%+4,520NewHistory
CRCrane CoCOMMON STOCK3,111$572.9K0.2%+3,111NewHistory
TEMTempus AI, Inc.CL A7,090$572.2K0.2%+7,090NewHistory
WMTWalmart Inc.Stock5,486$565.4K0.2%−6,972−56.0%ReducedHistory
CHHChoice Hotels International IncCOM5,285$565.0K0.2%−3,910−42.5%ReducedHistory
NVRNVR IncCOM70$562.4K0.2%00.0%UnchangedHistory
AFYAAfya LtdCL A COM35,919$560.3K0.2%+21,131+142.9%AddedHistory
AWIArmstrong World Industries IncCOM2,792$547.3K0.2%−551−16.5%ReducedHistory
FFord Motor CoStock45,606$545.4K0.2%+45,606NewHistory
VRSNVerisign IncCOM1,950$545.2K0.2%+790+68.1%AddedHistory
OSBCOld Second Bancorp IncCOM30,899$534.1K0.2%+6,598+27.2%AddedHistory
CRCLCircle Internet Group, Inc.COM CL A3,972$526.6K0.2%+3,972NewHistory
AVGOBroadcom Inc.Stock1,596$526.5K0.2%+1,596NewHistory
ZTSZoetis Inc.Stock3,509$513.4K0.2%+2,069+143.7%AddedHistory
PRDOPerdoceo Education CorpCOM13,627$513.2K0.2%+13,627NewHistory
BFAMBright Horizons Family Solutions Inc.COM4,674$507.5K0.2%+4,674NewHistory
PBRPetrobras - Petroleo Brasileiro SASPONSORED ADR39,756$503.3K0.2%+11,408+40.2%AddedHistory
IIINInsteel Industries IncCOM13,048$500.3K0.2%+13,048NewHistory
ESABESAB CorpCOM4,463$498.7K0.2%+800+21.8%AddedHistory
FISFidelity National Information Services, Inc.Stock7,504$494.8K0.2%+7,504NewHistory
CSXCSX CorpStock13,912$494.0K0.2%+13,912NewHistory
LLYEli Lilly & CoStock644$491.4K0.2%−4−0.6%ReducedHistory
HWMHowmet Aerospace Inc.Stock2,492$489.0K0.2%+2,492NewHistory
LRCXLam Research CorpStock3,634$486.6K0.2%+3,634NewHistory
ARTNAArtesian Resources CorpCL A14,878$484.9K0.2%+14,878NewHistory
NFGNational Fuel Gas CoStock5,246$484.6K0.2%+5,246NewHistory
GVAGranite Construction IncCOM4,401$482.6K0.2%+748+20.5%AddedHistory
VINPVinci Compass Investments Ltd.COM CL A44,801$481.6K0.2%+15,747+54.2%AddedHistory
FIGFigma, Inc.Stock9,282$481.5K0.2%+9,282NewHistory
BMRNBiomarin Pharmaceutical IncCOM8,845$479.0K0.2%+1,199+15.7%AddedHistory
JCIJohnson Controls International plcStock4,348$478.1K0.2%−3,144−42.0%ReducedHistory
STRAStrategic Education, Inc.COM5,558$478.0K0.2%+3,189+134.6%AddedHistory
CRMSalesforce, Inc.Stock2,003$474.7K0.2%−4,471−69.1%ReducedHistory
THCTenet Healthcare CorpCOM NEW2,335$474.1K0.2%+2,335NewHistory
TTANServiceTitan, Inc.SHS CL A4,690$472.9K0.2%+4,690NewHistory
RRCRange Resources CorpCOM12,406$467.0K0.2%+6,427+107.5%AddedHistory
CPAYCorpay, Inc.COM SHS1,620$466.7K0.2%+1,620NewHistory
FIVEFive Below, IncCOM3,016$466.6K0.2%+3,016NewHistory
KOFCoca Cola Femsa SAB de CVSPONS ADS REP5,581$463.8K0.2%+5,581NewHistory
ICEIntercontinental Exchange, Inc.Stock2,752$463.7K0.2%+2,752NewHistory
OZKBank OZKCOM9,089$463.4K0.2%+1,393+18.1%AddedHistory
RLRalph Lauren CorpCL A1,471$461.2K0.2%−399−21.3%ReducedHistory
BATRAAtlanta Braves Holdings, Inc.COM SER A10,002$454.8K0.2%+10,002NewHistory
RPMRPM International IncCOM3,839$452.5K0.2%+3,839NewHistory
IOSPInnospec Inc.COM5,841$450.7K0.2%+330+6.0%AddedHistory
EQTEQT CorpStock8,278$450.6K0.2%−1,497−15.3%ReducedHistory
RKTRocket Companies, Inc.Stock23,237$450.3K0.2%+4,466+23.8%AddedHistory
MSMMSC Industrial Direct Co IncCL A4,874$449.1K0.2%+4,874NewHistory
CTVACorteva, Inc.Stock6,561$443.7K0.2%+6,561NewHistory
KDPKeurig Dr Pepper Inc.COM17,369$443.1K0.2%+17,369NewHistory
BCHBank of ChileSPONSORED ADS14,615$442.8K0.2%+2,184+17.6%AddedHistory
FOXFox CorpCL B COM7,713$441.9K0.2%+2,885+59.8%AddedHistory
GCMGGCM Grosvenor Inc.COM CL A36,145$436.3K0.2%+8,949+32.9%AddedHistory
TWTradeweb Markets Inc.Stock3,927$435.8K0.2%+3,927NewHistory
LTMLatam Airlines Group S.A.SPONSORED ADR9,587$433.8K0.2%+1,704+21.6%AddedHistory
ACIWAci Worldwide, Inc.Stock8,197$432.6K0.2%+8,197NewHistory
IBNIcici Bank LtdADR14,264$431.2K0.2%−4,692−24.8%ReducedHistory
CRBGCorebridge Financial, Inc.COM13,292$426.0K0.2%+13,292NewHistory
HOMBHome Bancshares IncCOM15,048$425.9K0.2%+6,221+70.5%AddedHistory
ZIMZIM Integrated Shipping Services Ltd.SHS30,966$419.6K0.2%+20,319+190.8%AddedHistory
RIOTRiot Platforms, Inc.COM21,987$418.4K0.2%−19,033−46.4%ReducedHistory
RSReliance, Inc.COM1,469$412.5K0.2%+1,469NewHistory
JOBYJoby Aviation, Inc.COMMON STOCK25,408$410.1K0.2%+25,408NewHistory
WDFCWD 40 CoCOM2,072$409.4K0.2%+2,072NewHistory
DOXAmdocs LtdSHS4,952$406.3K0.2%+4,952NewHistory
TSNTyson Foods, Inc.Stock7,428$403.3K0.2%+1,478+24.8%AddedHistory
ONTFON24 Inc.COM70,088$400.9K0.2%+20,985+42.7%AddedHistory
CZRCaesars Entertainment, Inc.COM14,824$400.6K0.2%+14,824NewHistory
TSTenaris SASPONSORED ADS11,137$398.4K0.2%+2,901+35.2%AddedHistory
CVCOCavco Industries, Inc.COM685$397.8K0.2%−465−40.4%ReducedHistory
LADLithia Motors IncCOM1,246$393.7K0.2%−164−11.6%ReducedHistory
RBCRBC Bearings INCCOM1,006$392.6K0.2%+466+86.3%AddedHistory
LVSLas Vegas Sands CorpCOM7,276$391.4K0.2%+7,276NewHistory
FHNFirst Horizon CorpCOM17,289$390.9K0.2%+17,289NewHistory
ARMKAramarkCOM10,066$386.5K0.2%+10,066NewHistory
RBBRBB BancorpCOM20,538$385.3K0.2%+20,538NewHistory
QCRHQCR Holdings IncCOM5,080$384.3K0.2%+5,080NewHistory
MKTXMarketaxess Holdings IncCOM2,194$382.3K0.2%+457+26.3%AddedHistory
APHAmphenol CorpCL A3,060$378.7K0.2%−10,179−76.9%ReducedHistory
CRWVCoreWeave, Inc.Stock2,762$378.0K0.2%+2,762NewHistory
ITRNIturan Location & Control Ltd.SHS10,560$377.2K0.2%+4,975+89.1%AddedHistory
ROKRockwell Automation, IncStock1,075$375.7K0.2%+1,075NewHistory
PMPhilip Morris International Inc.Stock2,310$374.7K0.2%+2,310NewHistory
ELVElevance Health, Inc.Stock1,158$374.2K0.2%+1,158NewHistory

Sold out since Q2 2025 (202)

Positions held at the end of Q2 2025 that are gone from this filing.

The largest 100 of 202 by value last quarter.

Positions of R Squared Ltd sold out since Q2 2025
SecurityClassShares in Q2 2025Value in Q2 2025% of portfolio in Q2 2025History
BRK.BBerkshire Hathaway IncStock4,513$2.19M1.2%History
ITGartner IncCOM5,340$2.16M1.2%History
TTWOTake Two Interactive Software IncCOM8,026$1.95M1.1%History
TMOThermo Fisher Scientific Inc.Stock3,635$1.47M0.8%History
PEPPepsiCo IncStock10,674$1.41M0.8%History
GOOGAlphabet Inc.Stock7,557$1.34M0.7%History
NOWServiceNow, Inc.Stock1,240$1.27M0.7%History
ETREntergy CorpCOM15,236$1.27M0.7%History
MSIMotorola Solutions, Inc.Stock2,814$1.18M0.7%History
MSCIMSCI Inc.Stock1,888$1.09M0.6%History
HUBSHubSpot IncCOM1,851$1.03M0.6%History
EGEverest Group, Ltd.COM2,900$985.6K0.5%History
EXEExpand Energy CorpCOM7,890$922.7K0.5%History
TJXTJX Companies IncStock7,450$920.0K0.5%History
SHOPShopify Inc.Stock7,066$815.1K0.4%History
INTCIntel CorpStock34,846$780.5K0.4%History
WSOWatsco IncCOM1,750$772.8K0.4%History
IHGIntercontinental Hotels Group PLCSPONSORED ADS6,635$765.3K0.4%History
MSGSMadison Square Garden Sports Corp.CL A3,597$751.6K0.4%History
FDXFedEx CorpStock3,300$750.1K0.4%History
BDXBecton Dickinson & CoStock4,307$741.9K0.4%History
GWWW.W. Grainger, Inc.Stock710$738.6K0.4%History
ECLEcolab Inc.Stock2,700$727.5K0.4%History
APPAppLovin CorpCOM CL A2,064$722.6K0.4%History
UNPUnion Pacific CorpStock3,046$700.8K0.4%History
JNPRJuniper Networks IncCOM17,366$693.4K0.4%History
TEAMAtlassian CorpCL A3,328$675.9K0.4%History
PKGPackaging Corp of AmericaStock3,579$674.5K0.4%History
PRIPrimerica, Inc.Stock2,438$667.2K0.4%History
CNPCenterpoint Energy IncCOM18,004$661.5K0.4%History
INTUIntuit Inc.Stock830$653.7K0.4%History
ALLAllstate CorpStock3,124$628.9K0.3%History
DISWalt Disney CoStock5,039$624.9K0.3%History
UBERUber Technologies, IncStock6,559$612.0K0.3%History
IDAIdacorp IncCOM5,184$598.5K0.3%History
RYRoyal Bank of CanadaStock4,540$597.2K0.3%History
PGProcter & Gamble CoStock3,722$593.0K0.3%History
GRMNGarmin LtdSHS2,710$565.6K0.3%History
AAPLApple Inc.Stock2,742$562.6K0.3%History
AFLAflac IncStock5,267$555.5K0.3%History
ARGXArgenx SESPONSORED ADR980$540.2K0.3%History
SESea LtdSPONSORD ADS3,282$524.9K0.3%History
WATWaters CorpCOM1,497$522.5K0.3%History
MRVLMarvell Technology, Inc.COM6,605$511.2K0.3%History
CNCCentene CorpStock9,285$504.0K0.3%History
CHXChampionX CorpCOM19,891$494.1K0.3%History
MDTMedtronic plcStock5,438$474.0K0.3%History
KLACKLA CorpCOM NEW521$466.7K0.3%History
BCPCBalchem CorpCOM2,919$464.7K0.3%History
LPLALPL Financial Holdings Inc.COM1,237$463.8K0.3%History
IQVIQVIA Holdings Inc.Stock2,940$463.3K0.3%History
GLWCorning IncCOM8,734$459.3K0.3%History
XYLXylem Inc.COM3,545$458.6K0.3%History
DUOLDuolingo, Inc.CL A COM1,110$455.1K0.3%History
WTWWillis Towers Watson PLCSHS1,464$448.7K0.2%History
BRBRBellring Brands, Inc.Stock7,744$448.6K0.2%History
FEFirstenergy CorpCOM11,137$448.4K0.2%History
SMCISuper Micro Computer, Inc.Stock9,111$446.5K0.2%History
BXBlackstone Inc.COM2,856$427.2K0.2%History
HESHess CorpStock3,074$425.9K0.2%History
TDYTeledyne Technologies IncCOM830$425.2K0.2%History
DEODiageo PLCSPON ADR NEW4,152$418.7K0.2%History
YUMYum Brands IncStock2,733$405.0K0.2%History
IRTCiRhythm Holdings, Inc.COM2,621$403.5K0.2%History
SKXSkechers USA IncCL A6,387$403.0K0.2%History
CHTRCharter Communications, Inc.CL A982$401.5K0.2%History
FCFSFirstCash Holdings, Inc.COM2,963$400.4K0.2%History
WFCWells Fargo & CompanyStock4,927$394.8K0.2%History
WSTWest Pharmaceutical Services IncCOM1,765$386.2K0.2%History
VIKViking Holdings LtdORD SHS7,225$385.0K0.2%History
OCOwens CorningStock2,721$374.2K0.2%History
NBISNebius Group N.V.Stock6,706$371.0K0.2%History
ATOAtmos Energy CorpCOM2,387$367.9K0.2%History
CMICummins IncStock1,120$366.8K0.2%History
PBR.APetrobras - Petroleo Brasileiro SASP ADR NON VTG31,677$365.6K0.2%History
BTSGBrightSpring Health Services, Inc.COM15,440$364.2K0.2%History
ITGRInteger Holdings CorpCOM2,960$364.0K0.2%History
WMWaste Management IncStock1,587$363.1K0.2%History
CICigna GroupStock1,098$363.0K0.2%History
AZNAstraZeneca PLCSPONSORED ADR5,165$360.9K0.2%History
KEYSKeysight Technologies, Inc.Stock2,156$353.3K0.2%History
AGMFederal Agricultural Mortgage CorpCL C1,802$350.1K0.2%History
ALSNAllison Transmission Holdings IncStock3,601$342.1K0.2%History
CRSCarpenter Technology CorpCOM1,237$341.9K0.2%History
ZBRAZebra Technologies CorpCL A1,098$338.6K0.2%History
ANETArista Networks, Inc.Stock3,286$336.2K0.2%History
FNFFidelity National Financial, Inc.COM SHS5,958$334.0K0.2%History
ADBEAdobe Inc.Stock860$332.7K0.2%History
AVAVAeroVironment IncCOM1,159$330.3K0.2%History
CRSPCRISPR Therapeutics AGNAMEN AKT6,770$329.3K0.2%History
UFPTUfp Technologies IncCOM1,348$329.1K0.2%History
BROBrown & Brown, Inc.Stock2,948$326.8K0.2%History
ENSGEnsign Group, IncCOM2,099$323.8K0.2%History
PHIPLDT Inc.SPONSORED ADR14,488$315.3K0.2%History
KMIKinder Morgan, Inc.Stock10,500$308.7K0.2%History
JXNJackson Financial Inc.COM CL A3,471$308.2K0.2%History
GEVGE Vernova Inc.Stock580$306.9K0.2%History
RHRHCOM1,610$304.3K0.2%History
UPSTUpstart Holdings, Inc.COM4,662$301.5K0.2%History
VZVerizon Communications IncStock6,913$299.1K0.2%History