PSquared Asset Management AG

CIK 0001623624 · Q1 2026

13F Equity AUM

$287.4M

+34.4% QoQ

Positions

+3 QoQ

AUM Rank

#6,024

Top 48%

Skill Alpha (FF)

-5.4%/yr^ns

No Clear Edge

Rank #7,501 · Top 91%

vs S&P -13.7%/yr (unadj.)

Quarters Tracked

~11 years

Portfolio Concentration

Top 5: 60.9%Top 10: 92.4%Top 20: 100.0%

WBD15.9%

IHS12.4%

SLS12.3%

HOLX10.7%

NSC9.6%

GTLS8.4%

AAUC8.0%

AM65.5%

PEN4.9%

RVMD4.7%

Others (5)7.6%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Healthcare29.2%

Communication Services28.3%

Industrials18.1%

Unclassified12.3%

Basic Materials8.0%

Financial Services3.2%

Other1.0%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 15Median: 5.54%Avg: 6.67%

0–0.5%

0(0.0%)

0.5–1%

3(2.2%)

1–3%

1(2.2%)

3–5%

3(12.7%)

5%+

8(82.8%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 15Unique: 0vs 20 funds

0.2%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

0.3%

JPMORGAN CHASE & CO

0.3%

BANK OF AMERICA CORP /DE/

0.3%

BlackRock, Inc.

0.3%

GEODE CAPITAL MANAGEMENT, LLC

0.4%

VANGUARD CAPITAL MANAGEMENT LLC

0.3%

STATE STREET CORP

0.3%

FMR LLC

0.4%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.4%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New8Increased7Decreased0Exited5

New Positions

IHS12.4%

+4.3M

HOLX10.7%

+406K

AAUC8.0%

+740K

PEN4.9%

+43K

RVMD4.7%

+138K

ACLX2.2%

+55K

OLPX1.0%

+1.4M

GPCR0.6%

+35K

Increased

WBD15.9%

+122K(+8%)

SLS12.3%

+121K(+3%)

AM65.5%

+51K(+5%)

PRA3.2%

+22K(+6%)

ABVX0.6%

+16K(+6650%)

GTLS8.4%

+7K(+6%)

NSC9.6%

+4K(+5%)

Exited

COMP

-1,751,304

-304,576

DBRG

-846,500

RNAGBP

-168,415

FWRD

-175,760

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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