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Quadratic Capital Management LLC

CIK:0001697722
Hedge Fund
$469M AUM
2 holdings
Greenwich, CT, United States
Founded:2013
4 employees
Latest filing:Sep 30, 2025

Quadratic Capital Management LLC is an investment advisory firm headquartered in Greenwich, Connecticut. Established in 2013, the firm manages investment products for institutional investors, including investment companies and pooled investment vehicles. Quadratic focuses on strategies involving interest rate and inflation-linked products, options, and macroeconomic trends. The firm is relatively small in size, with approximately 4 employees as of early 2025, and is known for managing the Quadratic Interest Rate Volatility and Inflation Hedge ETF (IVOL).

Investment Strategy

Quadratic Capital Management specializes in systematic and options-based strategies focusing on interest rate volatility and inflation protection. The firm is known for employing derivatives, particularly options on US Treasury inflation-protected securities (TIPS) and other fixed income instruments, aiming to provide investors with positive convexity exposure and a hedge against rising rates or unexpected market shifts. Quadratic’s approach is research-driven and seeks to offer differentiated, non-traditional solutions to challenges such as inflation risk and yield curve changes. Their flagship ETF, IVOL, is constructed to seek to profit during periods of steepening yield curves and increased fixed income volatility.

Latest 13F Filing Activity

Quadratic Capital Management LLC filed their most recent 13F report on Sep 30, 2025 disclosing 2 equity positions with a total 13F market value of $323M. The fund increased holdings in Schwab Strategic TR, Vanguard Scottsdale FDS. Quadratic Capital Management LLC reduced exposure to Vanguard Scottsdale FDS, Schwab Strategic TR.

Top Buys
S
SCHPSCHWAB STRATEGIC TR
+$79.8M
V
VGLTVANGUARD SCOTTSDALE FDS
-$1.8M
Top Sells
S
SCHPSCHWAB STRATEGIC TR
+$79.8M
V
VGLTVANGUARD SCOTTSDALE FDS
-$1.8M

Top Holdings

S
SCHPSCHWAB STRATEGIC TR
+98.1%$317.1M
V
VGLTVANGUARD SCOTTSDALE FDS
+1.9%$6.0M

Equity Positions (2)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
SCHWAB STRATEGIC TR98.14%$317.1M11,767,045$28.89$26.95+$79.8M
VANGUARD SCOTTSDALE FDS1.86%$6.0M105,826$71.37$56.86-$1.8M

Industry Allocation