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 | |
|---|---|---|---|---|---|---|---|
226
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.7B
| $1.56M | 0.1% |
+12,697
| New | +$1.56M |
2016 Q3
0 quarters
|
|
227
Steel Dynamics
STLD
$32.4B
| $1.56M | 0.1% |
62,234
+4,907
| +9% | +$125K |
2015 Q4
3 quarters
|
|
228
American Eagle Outfitters
AEO
$3.64B
| $1.55M | 0.1% |
86,711
-9,967
| -10% | -$179K |
2015 Q4
3 quarters
|
|
229
LKQ Corp
LKQ
$5.15B
| $1.55M | 0.1% |
43,653
+9,416
| +28% | +$326K |
2015 Q4
3 quarters
|
|
230
ING
ING
$94.3B
| $1.55M | 0.1% |
+125,265
| New | +$1.45M |
2016 Q3
0 quarters
|
|
231
Ingredion
INGR
$5.79B
| $1.54M | 0.1% |
11,558
+2,848
| +33% | +$380K |
2015 Q4
3 quarters
|
|
232
Reliance Steel & Aluminium
RS
$21.5B
| $1.53M | 0.1% |
21,282
+8,878
| +72% | +$666K |
2015 Q4
3 quarters
|
|
|
ESV
233
DELISTED
Ensco Rowan plc
ESV
| $1.53M | 0.1% |
45,084
+8,629
| +24% | +$294K |
2015 Q3
4 quarters
|
|
234
State Street Materials Select Sector SPDR ETF
XLB
$8.53B
| $1.53M | 0.1% |
+64,084
| New | +$1.54M |
2016 Q3
0 quarters
|
|
|
GGP
235
DELISTED
GGP Inc.
GGP
| $1.52M | 0.1% |
+55,240
| New | +$1.65M |
2016 Q3
0 quarters
|
|
236
Intuit
INTU
$90.4B
| $1.52M | 0.1% |
+13,827
| New | +$1.55M |
2016 Q3
0 quarters
|
|
237
ResMed
RMD
$33.2B
| $1.51M | 0.1% |
23,290
+12,243
| +111% | +$815K |
2015 Q4
3 quarters
|
|
238
Loews
L
$22.2B
| $1.51M | 0.1% |
+36,602
| New | +$1.5M |
2016 Q3
0 quarters
|
|
239
DELISTED
Warner Bros
WBD
| $1.5M | 0.1% |
55,822
+6,468
| +13% | +$166K |
2015 Q3
4 quarters
|
|
240
Motorola Solutions
MSI
$87.3B
| $1.5M | 0.1% |
19,681
-47,243
| -71% | -$3.45M |
2015 Q4
3 quarters
|
|
241
DELISTED
VCA Inc.
WOOF
| $1.49M | 0.1% |
21,322
+4,057
| +23% | +$284K |
2015 Q4
3 quarters
|
|
242
Republic Services
RSG
$75.2B
| $1.48M | 0.1% |
29,375
-45,598
| -61% | -$2.34M |
2016 Q2
1 quarter
|
|
243
Dick's Sporting Goods
DKS
$14.6B
| $1.47M | 0.1% |
25,944
-19,573
| -43% | -$1.08M |
2015 Q2
5 quarters
|
|
244
Ameriprise Financial
AMP
$45B
| $1.47M | 0.1% |
+14,747
| New | +$1.43M |
2016 Q3
0 quarters
|
|
245
iShares MSCI China ETF
MCHI
$5.78B
| $1.46M | 0.1% |
+30,215
| New | +$1.39M |
2016 Q3
0 quarters
|
|
246
Xcel Energy
XEL
$51.5B
| $1.46M | 0.1% |
+35,448
| New | +$1.52M |
2016 Q3
0 quarters
|
|
247
KBR
KBR
$4.87B
| $1.45M | 0.1% |
95,847
+71,334
| +291% | +$1.05M |
2016 Q1
2 quarters
|
|
248
McCormick & Company Non-Voting
MKC
$12.9B
| $1.45M | 0.1% |
29,016
+18,252
| +170% | +$925K |
2016 Q1
2 quarters
|
|
249
Huntington Bancshares
HBAN
$32.1B
| $1.44M | 0.1% |
146,325
+101,099
| +224% | +$963K |
2016 Q2
1 quarter
|
|
250
T. Rowe Price
TROW
$23.6B
| $1.44M | 0.1% |
+21,678
| New | +$1.51M |
2016 Q3
0 quarters
|
|
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.