Quadrature Capital Ltd

Quadrature Capital Ltd declares $4.2B in 104 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 36.3% of its $11.7B 13F portfolio. Largest positions: AMD (0.05% of the company) and Intel (0.06% of the company). It is a market maker: its positions are mostly hedges, so they are left out of the quarter's moves on /holders. Over time: $4.2B in 104 of these companies for Q2 2026, against $326.3M in 35 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $2.0B and sold $1.6B of these stocks, at the quarter's prices: a net purchase of $399.3M; 53 new positions and 36 sold out.

Performance of its AI picks

The AI-stock portfolio Quadrature Capital Ltd declared for Q2 2026 (Form 13F), held unchanged, returned +1.4% in Q3 2026 (SMH -7.1%). Over the last 12 months, quarter after quarter: +135.7% (SMH +87.2%). Over three years, quarter after quarter: +502.3% (SMH +325.8%). Over five years, quarter after quarter: +467.6% (SMH +389.8%). Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.

Largest positions

1. AMD (AMD) — $440.2M: 757,725 shares, 0.05% of the company, 3.8% of its portfolio (trimmed this quarter); held since Q1 2025
2. Intel (INTC) — $416.9M: 3.0M shares, 0.06% of the company, 3.6% of its portfolio (added this quarter); held since Q1 2026
3. ASML (ASML) — $392.8M: 197,439 shares, 0.05% of the company, 3.4% of its portfolio (trimmed this quarter); held since Q2 2025
4. Seagate (STX) — $302.6M: 313,545 shares, 0.14% of the company, 2.6% of its portfolio (added this quarter); held since Q1 2026
5. Amazon (AMZN) — $255.7M: 1.1M shares, 0.01% of the company, 2.2% of its portfolio (added this quarter); held since Q4 2025
6. Lumentum (LITE) — $221.4M: 258,059 shares, 0.29% of the company, 1.9% of its portfolio (added this quarter); held since Q3 2025
7. Dell (DELL) — $178.6M: 413,909 shares, 0.07% of the company, 1.5% of its portfolio (added this quarter); held since Q2 2025
8. Sandisk (SNDK) — $143.7M: 63,182 shares, 0.04% of the company, 1.2% of its portfolio (trimmed this quarter); held since Q2 2025
9. Intuit (INTU) — $133.9M: 513,173 shares, 0.19% of the company, 1.1% of its portfolio (added this quarter); held since Q1 2026
10. Palantir (PLTR) — $117.2M: 1.0M shares, 0.04% of the company, 1.0% of its portfolio (added this quarter); held since Q1 2025
11. Western Digital (WDC) — $113.9M: 178,283 shares, 0.05% of the company, 0.97% of its portfolio (trimmed this quarter); held since Q1 2026
12. TSMC (TSM) — $106.3M: 222,645 shares, 0.00% of the company, 0.91% of its portfolio (new position this quarter)
13. Oracle (ORCL) — $96.1M: 655,857 shares, 0.02% of the company, 0.82% of its portfolio (added this quarter); held since Q1 2026
14. NVIDIA (NVDA) — $94.9M: 474,270 shares, 0.00% of the company, 0.81% of its portfolio (new position this quarter)
15. Texas Instruments (TXN) — $93.0M: 311,936 shares, 0.03% of the company, 0.80% of its portfolio (new position this quarter)

By sector

• Chips & compute — $1.3B, 32% of its AI holdings, 17 companies
• Memory & storage — $566.1M, 13% of its AI holdings, 5 companies
• AI software — $552.4M, 13% of its AI holdings, 14 companies
• Equipment & test — $432.6M, 10% of its AI holdings, 9 companies
• Servers & systems — $428.7M, 10% of its AI holdings, 6 companies
• Optics — $333.8M, 8% of its AI holdings, 7 companies
• Cloud & AI giants — $294.5M, 7% of its AI holdings, 3 companies
• Power, electrical & cooling — $114.3M, 3% of its AI holdings, 22 companies
• Interconnect — $97.4M, 2% of its AI holdings, 6 companies
• Neoclouds & data centers — $82.5M, 2% of its AI holdings, 15 companies

Biggest changes this quarter

• trimmed Sandisk (SNDK): -$530.3M at the quarter's price
• added to Seagate (STX): +$208.4M at the quarter's price
• added to Lumentum (LITE): +$207.2M at the quarter's price
• sold out of Micron (MU): -$194.5M at the quarter's price
• trimmed Microsoft (MSFT): -$153.6M at the quarter's price
• added to Dell (DELL): +$145.2M at the quarter's price
• added to Intuit (INTU): +$130.4M at the quarter's price
• sold out of CrowdStrike (CRWD): -$126.6M at the quarter's price
• trimmed Western Digital (WDC): -$112.8M at the quarter's price
• opened a position in TSMC (TSM): +$106.3M at the quarter's price

Other holders of this size

• MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC — $4.2B in 163 of these companies
• IMC-Chicago, LLC — $4.3B in 142 of these companies
• Davis Selected Advisers — $4.2B in 18 of these companies
• W1M Asset Management Ltd — $4.3B in 28 of these companies
• Hood River Capital Management LLC — $4.2B in 25 of these companies
• OREGON PUBLIC EMPLOYEES RETIREMENT FUND — $4.3B in 151 of these companies
• Altshuler Shaham Ltd — $4.2B in 104 of these companies
• iA Global Asset Management Inc. — $4.3B in 77 of these companies

Follow Quadrature Capital Ltd's SEC filings (Atom feed)

All holders · Who owns each AI company · All tracked companies · The AI market