Squarepoint Portfolio holdings
Squarepoint runs funds that use computer models to trade many kinds of assets around the world. It began as nQuant, a trading unit set up inside Lehman Brothers in 2000 by its founders, Olivier Durantel and Gregoire Schneider. Barclays took over nQuant in 2008, and in December 2014 it was spun off as an independent firm and renamed Squarepoint. In 2022 Squarepoint formed STG, a separate trading group that shares much of its infrastructure but has its own investment staff, and in 2021 it partnered with Arini Capital, a European hedge fund.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$63.7M |
| 2 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$28.6M |
| 3 |
VanEck Gold Miners ETF
GDX
|
+$21.7M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$21.4M |
| 5 |
Conagra Brands
CAG
|
+$19.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$228M |
| 2 |
American International
AIG
|
+$18M |
| 3 |
EMC CORPORATION
EMC
|
+$14.6M |
| 4 |
General Dynamics
GD
|
+$14.4M |
| 5 |
PepsiCo
PEP
|
+$12.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 19.37% |
| 2 | Technology | 11.95% |
| 3 | Healthcare | 11.5% |
| 4 | Industrials | 10.87% |
| 5 | Consumer Discretionary | 10.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
State Street SPDR S&P 500 ETF Trust
SPY
$800B
| $63.7M | 4.23% |
+294,609
| New | +$63.7M |
2016 Q3
0 quarters
|
|
|
2
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
| $29M | 1.93% |
+332,486
| New | +$28.6M |
2016 Q3
0 quarters
|
|
|
3
Conagra Brands
CAG
$6.95B
| $20.2M | 1.34% |
+549,853
| New | +$19.7M |
2016 Q3
0 quarters
|
|
|
4
VanEck Gold Miners ETF
GDX
$25.2B
| $20M | 1.33% |
+756,233
| New | +$21.7M |
2016 Q3
0 quarters
|
|
|
5
Bristol-Myers Squibb
BMY
$127B
| $18.2M | 1.21% |
338,018
+333,570
| +7,499% | +$21.4M |
2016 Q1
2 quarters
|
|
|
RTN
6
DELISTED
Raytheon Company
RTN
| $17.6M | 1.17% |
129,381
+72,902
| +129% | +$10.1M |
2015 Q4
3 quarters
|
|
7
Salesforce
CRM
$179B
| $16.6M | 1.1% |
+233,328
| New | +$18.2M |
2016 Q3
0 quarters
|
|
|
MON
8
DELISTED
Monsanto Co
MON
| $14.3M | 0.95% |
139,680
+105,580
| +310% | +$11.1M |
2015 Q1
6 quarters
|
|
9
State Street Technology Select Sector SPDR ETF
XLK
$113B
| $12.5M | 0.83% |
524,488
-121,400
| -19% | -$2.82M |
2016 Q1
2 quarters
|
|
10
iShares MSCI Emerging Markets ETF
EEM
$28.2B
| $12.3M | 0.82% |
+329,319
| New | +$12M |
2016 Q3
0 quarters
|
|
11
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.23B
| $12.1M | 0.81% |
+110,270
| New | +$12M |
2016 Q3
0 quarters
|
|
12
State Street SPDR S&P Retail ETF
XRT
$642M
| $12.1M | 0.8% |
278,323
+99,148
| +55% | +$4.39M |
2016 Q1
2 quarters
|
|
13
Starbucks
SBUX
$122B
| $11.8M | 0.78% |
+217,293
| New | +$12.2M |
2016 Q3
0 quarters
|
|
14
Invesco QQQ Trust
QQQ
$461B
| $11.2M | 0.75% |
94,603
-56,803
| -38% | -$6.56M |
2016 Q1
2 quarters
|
|
15
State Street SPDR S&P Homebuilders ETF
XHB
$1.56B
| $11.1M | 0.74% |
328,484
+39,935
| +14% | +$1.41M |
2016 Q1
2 quarters
|
|
|
LVLT
16
DELISTED
Level 3 Communications Inc
LVLT
| $10.8M | 0.72% |
233,000
+217,634
| +1,416% | +$11M |
2016 Q1
2 quarters
|
|
17
Boston Scientific
BSX
$64.1B
| $10.6M | 0.71% |
446,654
+293,697
| +192% | +$7.01M |
2015 Q4
3 quarters
|
|
18
Intercontinental Exchange
ICE
$99.4B
| $10.2M | 0.68% |
190,235
+50,915
| +37% | +$2.78M |
2015 Q4
3 quarters
|
|
19
Lowe's Companies
LOW
$128B
| $9.9M | 0.66% |
137,468
+31,982
| +30% | +$2.49M |
2015 Q4
3 quarters
|
|
20
State Street Utilities Select Sector SPDR ETF
XLU
$24.3B
| $9.3M | 0.62% |
379,474
+140,260
| +59% | +$3.56M |
2016 Q1
2 quarters
|
|
21
American Electric Power
AEP
$70.2B
| $9.18M | 0.61% |
142,903
+125,411
| +717% | +$8.43M |
2015 Q3
4 quarters
|
|
22
Bank of New York Mellon
BNY
$103B
| $9.15M | 0.61% |
229,388
+77,119
| +51% | +$3.08M |
2015 Q4
3 quarters
|
|
23
Air Products & Chemicals
APD
$70.4B
| $8.99M | 0.6% |
64,621
+38,477
| +147% | +$5.34M |
2015 Q1
6 quarters
|
|
24
Hershey
HSY
$34.8B
| $8.52M | 0.57% |
+89,115
| New | +$9.43M |
2016 Q3
0 quarters
|
|
25
Cognizant
CTSH
$28.5B
| $8.02M | 0.53% |
168,048
+114,214
| +212% | +$6.5M |
2016 Q2
1 quarter
|
|
Similar funds
Squarepoint's Q3 2016 Portfolio in Review
As of Q3 2016, Squarepoint held 1,524 positions worth $1.51B, down 6% from $1.6B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Squarepoint withdrew a net $125M in Q3 2016, closing 544 positions and reducing 270 holdings. Its most notable exit was EMC CORPORATION, an estimated $14.6M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 19% of assets, down from 22% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Squarepoint opened a new position in State Street SPDR S&P 500 ETF Trust worth $63.7M.
- Squarepoint's largest Q3 2016 buy was State Street SPDR S&P 500 ETF Trust: 294,609 shares worth $63.7M.
- Squarepoint added most to Bristol-Myers Squibb in Q3 2016, an estimated $21.4M increase.
- Squarepoint's biggest Q3 2016 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $228M.
- Squarepoint fully exited EMC CORPORATION in Q3 2016, selling an estimated $14.6M.
- Squarepoint's ten largest holdings make up 15% of its $1.51B portfolio in Q3 2016.
- Squarepoint opened 456 new positions and closed 544 in Q3 2016.
- Squarepoint's portfolio value fell 6% quarter-over-quarter to $1.51B.
Based on Squarepoint's 13F filing for Q3 2016, filed 15 Nov 2016.