R Squared
HONG KONG, K3files as R Squared Ltd
$190m in 509 US stocks at the end of 30 June 2026. The top 10 are 14.1% of the money. It changed about 53.7% of the portfolio this quarter.
Value
$190m
Stocks
509
Top 10 share
14.1%
Turnover
53.7%
What changed this quarter
New
Bought for the first time this quarter.
- Meta PlatformsMETA0.8% of the fund
- Costco WholesaleCOST0.7% of the fund
- Webster FinancialWBS0.6% of the fund
- Texas InstrumentsTXN0.5% of the fund
- UnileverUL0.5% of the fund
- UnifirstUNF0.5% of the fund
- IntelINTC0.5% of the fund
- McDonald'sMCD0.5% of the fund
- IdacorpIDA0.5% of the fund
- Interactive Brokers GroupIBKR0.4% of the fund
- ExxonMobil HoldingsXOM0.4% of the fund
- Union PacificUNP0.4% of the fund
- Live Nation EntertainmentLYV0.4% of the fund
- FortiveFTV0.4% of the fund
- Clean HarborsCLH0.4% of the fund
- Charles SchwabSCHW0.4% of the fund
- Vertex PharmaceuticalsVRTX0.3% of the fund
- Voya FinancialVOYA0.3% of the fund
- SempraSRE0.3% of the fund
- Valero EnergyVLO0.3% of the fund
- Wells Fargo & CompanyWFC0.3% of the fund
- MckessonMCK0.3% of the fund
- Seagate Technology HoldingsSTX0.3% of the fund
- Regeneron PharmaceuticalsREGN0.3% of the fund
- BlackRockBLK0.3% of the fund
Added
Bought more of a stock they already held.
- PenumbraPEN1.9% of the fund+345%
- NvidiaNVDA1.9% of the fund+803%
- CitigroupC1.4% of the fund+31%
- Taiwan Semiconductor ManufacturingTSM1.3% of the fund+44%
- Intuitive SurgicalISRG1.0% of the fund+751%
- ChevronCVX1.0% of the fund+5%
- Intercontinental ExchangeICE0.9% of the fund+111%
- MedtronicMDT0.8% of the fund+79%
- Northrop GrummanNOC0.8% of the fund+397%
- L3harris TechnologiesLHX0.7% of the fund+220%
- S&P GlobalSPGI0.7% of the fund+56%
- RTXRTX0.7% of the fund+401%
- American Airlines GroupAAL0.7% of the fund+405%
- O'Reilly AutomotiveORLY0.6% of the fund+51%
- Grab HoldingsGRAB0.6% of the fund+75%
- State StreetSTT0.5% of the fund+168%
- T-Mobile USTMUS0.5% of the fund+422%
- CME GroupCME0.5% of the fund+192%
- 3MMMM0.5% of the fund+99%
- General MotorsGM0.5% of the fund+122%
- Darling IngredientsDAR0.5% of the fund+76%
- Northwest Natural HoldingNWN0.4% of the fund+20%
- Novartis AGNVS0.4% of the fund+32%
- OracleORCL0.4% of the fund+110%
- EquifaxEFX0.4% of the fund+18%
Cut
Sold some of their stake.
- Txnm EnergyTXNM2.0% of the fund-10%
- AppleAAPL1.2% of the fund-56%
- Electronic ArtsEA1.2% of the fund-23%
- Chunghwa TelecomCHT1.1% of the fund-13%
- TeslaTSLA0.7% of the fund-44%
- Parker-HannifinPH0.7% of the fund-42%
- Bloom EnergyBE0.5% of the fund-29%
- MicrosoftMSFT0.5% of the fund-62%
- CumminsCMI0.5% of the fund-23%
- Axis Capital HoldingsAXS0.5% of the fund-7%
- Sanofi SASNY0.4% of the fund-33%
- Five BelowFIVE0.4% of the fund-10%
- eBayEBAY0.4% of the fund-19%
- Eli LillyLLY0.4% of the fund-79%
- Micron TechnologyMU0.4% of the fund-86%
- AmerisafeAMSF0.3% of the fund-36%
- Johnson Controls InternationalJCI0.3% of the fund-12%
- AlphabetGOOG0.3% of the fund-66%
- SandiskSNDK0.3% of the fund-82%
- Warner Bros. DiscoveryWBD0.3% of the fund-36%
- Howmet AerospaceHWM0.3% of the fund-24%
- NisourceNI0.3% of the fund-23%
- Group 1 AutomotiveGPI0.3% of the fund-20%
- Encore Capital GroupECPG0.3% of the fund-40%
- Vinci Compass InvestmentsVINP0.3% of the fund-6%
Sold out
Sold their entire stake.
- Hologic-100%
- VisaV-100%
- AlphabetGOOGL-100%
- Waste ConnectionsWCN-100%
- General DynamicsGD-100%
- FedExFDX-100%
- Dominion EnergyD-100%
- Altria GroupMO-100%
- W.W. GraingerGWW-100%
- Chart Inds-100%
- Norfolk SouthernNSC-100%
- Royalty PharmaRPRX-100%
- Automatic Data ProcessingADP-100%
- Lockheed MartinLMT-100%
- Lumentum HoldingsLITE-100%
- Booking HoldingsBKNG-100%
- Crown HoldingsCCK-100%
- Boston ScientificBSX-100%
- DanaherDHR-100%
- TransDigm GroupTDG-100%
- CSG SYS Intl-100%
- EcolabECL-100%
- TargetTGT-100%
- Vale S AVALE-100%
- OGE EnergyOGE-100%
Holdings
- Electronic ArtsEA
- Share
- 1.2%
- Value
- $2m
- Shares
- 10,775
-23%
- Webster FinancialWBS
- Share
- 0.6%
- Value
- $1m
- Shares
- 15,966
New
- UnileverUL
- Share
- 0.5%
- Value
- $959,515
- Shares
- 15,960
New
- Sanofi SASNY
- Share
- 0.4%
- Value
- $744,289
- Shares
- 17,447
-33%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Txnm EnergyTXNM | 2.0% | $4m | 68,165 | -10% |
| PenumbraPEN | 1.9% | $4m | 11,502 | +345% |
| NvidiaNVDA | 1.9% | $4m | 18,057 | +803% |
| CitigroupC | 1.4% | $3m | 18,911 | +31% |
| Taiwan Semiconductor ManufacturingTSM | 1.3% | $2m | 5,197 | +44% |
| AppleAAPL | 1.2% | $2m | 8,201 | -56% |
| Electronic ArtsEA | 1.2% | $2m | 10,775 | -23% |
| Chunghwa TelecomCHT | 1.1% | $2m | 47,851 | -13% |
| Intuitive SurgicalISRG | 1.0% | $2m | 4,936 | +751% |
| ChevronCVX | 1.0% | $2m | 11,552 | +5% |
| Intercontinental ExchangeICE | 0.9% | $2m | 13,989 | +111% |
| MedtronicMDT | 0.8% | $2m | 20,617 | +79% |
| Meta PlatformsMETA | 0.8% | $2m | 2,795 | New |
| Northrop GrummanNOC | 0.8% | $2m | 2,949 | +397% |
| Costco WholesaleCOST | 0.7% | $1m | 1,510 | New |
| TeslaTSLA | 0.7% | $1m | 3,178 | -44% |
| L3harris TechnologiesLHX | 0.7% | $1m | 4,513 | +220% |
| Parker-HannifinPH | 0.7% | $1m | 1,324 | -42% |
| S&P GlobalSPGI | 0.7% | $1m | 3,129 | +56% |
| RTXRTX | 0.7% | $1m | 6,661 | +401% |
| American Airlines GroupAAL | 0.7% | $1m | 68,615 | +405% |
| Webster FinancialWBS | 0.6% | $1m | 15,966 | New |
| Applied MaterialsAMAT | 0.6% | $1m | 1,643 | Held |
| O'Reilly AutomotiveORLY | 0.6% | $1m | 12,459 | +51% |
| Grab HoldingsGRAB | 0.6% | $1m | 300,863 | +75% |
| State StreetSTT | 0.5% | $1m | 6,176 | +168% |
| Bloom EnergyBE | 0.5% | $1m | 3,422 | -29% |
| T-Mobile USTMUS | 0.5% | $1m | 6,088 | +422% |
| MicrosoftMSFT | 0.5% | $1m | 2,706 | -62% |
| CME GroupCME | 0.5% | $994,398 | 4,503 | +192% |
| Texas InstrumentsTXN | 0.5% | $965,150 | 3,238 | New |
| CumminsCMI | 0.5% | $964,260 | 1,352 | -23% |
| Axis Capital HoldingsAXS | 0.5% | $961,158 | 8,946 | -7% |
| UnileverUL | 0.5% | $959,515 | 15,960 | New |
| UnifirstUNF | 0.5% | $927,197 | 3,506 | New |
| 3MMMM | 0.5% | $910,582 | 5,624 | +99% |
| IntelINTC | 0.5% | $899,078 | 6,439 | New |
| McDonald'sMCD | 0.5% | $885,806 | 3,277 | New |
| General MotorsGM | 0.5% | $862,448 | 11,189 | +122% |
| Darling IngredientsDAR | 0.5% | $859,446 | 15,735 | +76% |
| IdacorpIDA | 0.5% | $858,628 | 5,675 | New |
| Northwest Natural HoldingNWN | 0.4% | $855,067 | 17,429 | +20% |
| Novartis AGNVS | 0.4% | $848,012 | 5,411 | +32% |
| Interactive Brokers GroupIBKR | 0.4% | $840,981 | 9,662 | New |
| ExxonMobil HoldingsXOM | 0.4% | $839,871 | 6,143 | New |
| Union PacificUNP | 0.4% | $836,400 | 3,075 | New |
| OracleORCL | 0.4% | $832,990 | 5,684 | +110% |
| Live Nation EntertainmentLYV | 0.4% | $821,981 | 4,489 | New |
| FortiveFTV | 0.4% | $796,247 | 13,034 | New |
| Clean HarborsCLH | 0.4% | $772,866 | 2,587 | New |
| EquifaxEFX | 0.4% | $752,492 | 4,741 | +18% |
| SS&C Technologies HoldingsSSNC | 0.4% | $751,177 | 12,106 | +103% |
| Charles SchwabSCHW | 0.4% | $747,294 | 8,099 | New |
| Sanofi SASNY | 0.4% | $744,289 | 17,447 | -33% |
| CRH PublicCRH | 0.4% | $738,621 | 6,903 | +233% |
| Five BelowFIVE | 0.4% | $696,866 | 3,876 | -10% |
| eBayEBAY | 0.4% | $682,793 | 6,110 | -19% |
| nVent ElectricNVT | 0.4% | $678,271 | 3,999 | +22% |
| Eli LillyLLY | 0.4% | $671,681 | 560 | -79% |
| Expeditors International of WashingtonEXPD | 0.4% | $670,989 | 4,117 | +65% |
| Micron TechnologyMU | 0.4% | $668,334 | 579 | -86% |
| BPBP | 0.3% | $664,841 | 17,993 | Held |
| Vertex PharmaceuticalsVRTX | 0.3% | $664,128 | 1,337 | New |
| Amalgamated FinancialAMAL | 0.3% | $657,931 | 14,334 | +8% |
| SyscoSYY | 0.3% | $651,507 | 7,795 | +32% |
| AfyaAFYA | 0.3% | $650,942 | 43,864 | +12% |
| AmerisafeAMSF | 0.3% | $649,164 | 19,189 | -36% |
| Johnson Controls InternationalJCI | 0.3% | $642,153 | 4,395 | -12% |
| AlphabetGOOG | 0.3% | $640,234 | 1,812 | -66% |
| Voya FinancialVOYA | 0.3% | $635,611 | 7,021 | New |
| Chipotle Mexican GrillCMG | 0.3% | $628,898 | 18,497 | +52% |
| American International GroupAIG | 0.3% | $628,735 | 8,436 | +58% |
| SandiskSNDK | 0.3% | $627,549 | 276 | -82% |
| Trustco Bank Corp N YTRST | 0.3% | $622,514 | 11,337 | +4% |
| SempraSRE | 0.3% | $618,561 | 6,672 | New |
| Warner Bros. DiscoveryWBD | 0.3% | $612,354 | 22,969 | -36% |
| Valero EnergyVLO | 0.3% | $607,867 | 2,334 | New |
| Palantir TechnologiesPLTR | 0.3% | $607,267 | 5,205 | +24% |
| United BreweriesCCU | 0.3% | $606,245 | 54,129 | +8% |
| Fidelity National Information ServicesFIS | 0.3% | $601,474 | 15,470 | +137% |
| PPLPPL | 0.3% | $600,902 | 16,531 | +14% |
| Wells Fargo & CompanyWFC | 0.3% | $597,487 | 7,230 | New |
| MckessonMCK | 0.3% | $582,568 | 771 | New |
| Seagate Technology HoldingsSTX | 0.3% | $579,000 | 600 | New |
| Regeneron PharmaceuticalsREGN | 0.3% | $562,433 | 902 | New |
| Howmet AerospaceHWM | 0.3% | $559,229 | 2,080 | -24% |
| BlackRockBLK | 0.3% | $557,705 | 580 | New |
| Amazon.comAMZN | 0.3% | $552,949 | 2,320 | New |
| Ensign GroupENSG | 0.3% | $543,417 | 3,390 | +85% |
| NisourceNI | 0.3% | $541,880 | 11,396 | -23% |
| United Fire GroupUFCS | 0.3% | $533,734 | 10,178 | +7% |
| Group 1 AutomotiveGPI | 0.3% | $529,056 | 1,817 | -20% |
| FigmaFIG | 0.3% | $515,511 | 28,497 | New |
| MainStreet BancsharesMNSB | 0.3% | $513,528 | 20,799 | New |
| BallBALL | 0.3% | $510,432 | 8,180 | +64% |
| Atmos EnergyATO | 0.3% | $508,886 | 2,954 | New |
| SAP SESAP | 0.3% | $501,783 | 3,256 | +102% |
| Hewlett Packard EnterpriseHPE | 0.3% | $496,481 | 11,006 | New |
| Encore Capital GroupECPG | 0.3% | $494,903 | 5,305 | -40% |
| AtlassianTEAM | 0.3% | $489,610 | 6,294 | New |
Showing the largest 100 of 509.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 5.0% since 30 June 2025.
Where the money is
Financial services18.7%
Technology18.5%
Industrials15.8%
Retail & consumer10.6%
Health care9.9%
Utilities5.3%
Media & telecom4.7%
Everyday goods4.1%
Energy3.5%
Materials2.9%
Real estate1.0%
Other5.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.