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 |
iShares MSCI Taiwan ETF
EWT
|
+$89.9M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$71.9M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$69M |
| 4 |
iShares China Large-Cap ETF
FXI
|
+$66M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$58.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$33M |
| 2 |
Altria Group
MO
|
+$32.4M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
+$26.5M |
| 4 |
CVS Health
CVS
|
+$24.7M |
| 5 |
Medtronic
MDT
|
+$22.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 17.23% |
| 2 | Technology | 14.6% |
| 3 | Healthcare | 11.36% |
| 4 | Industrials | 11.26% |
| 5 | Consumer Discretionary | 10.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
226
Cummins
CMI
$61.7B
| $5.89M | 0.12% |
36,314
-75,434
| -68% | -$11.7M |
2016 Q4
2 quarters
|
|
|
XEC
227
DELISTED
CIMAREX ENERGY CO
XEC
| $5.84M | 0.12% |
62,154
-10,114
| -14% | -$1.11M |
2016 Q2
4 quarters
|
|
|
DRE
228
DELISTED
Duke Realty Corp.
DRE
| $5.84M | 0.12% |
+209,012
| New | +$5.87M |
2017 Q2
0 quarters
|
|
|
ESRX
229
DELISTED
Express Scripts Holding Company
ESRX
| $5.79M | 0.11% |
90,659
-287,519
| -76% | -$18.1M |
2016 Q3
3 quarters
|
|
|
CPN
230
DELISTED
Calpine Corporation
CPN
| $5.78M | 0.11% |
427,483
+412,295
| +2,715% | +$4.96M |
2017 Q1
1 quarter
|
|
231
Huntsman Corp
HUN
$1.66B
| $5.78M | 0.11% |
223,551
+200,948
| +889% | +$4.98M |
2016 Q3
3 quarters
|
|
|
CDK
232
DELISTED
CDK Global, Inc.
CDK
| $5.74M | 0.11% |
92,451
+32,700
| +55% | +$2.05M |
2017 Q1
1 quarter
|
|
|
BID
233
DELISTED
Sotheby's
BID
| $5.7M | 0.11% |
106,123
+50,936
| +92% | +$2.54M |
2015 Q4
6 quarters
|
|
234
Marriott International
MAR
$107B
| $5.68M | 0.11% |
+56,625
| New | +$5.67M |
2017 Q2
0 quarters
|
|
|
ARRS
235
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $5.65M | 0.11% |
201,592
+47,515
| +31% | +$1.31M |
2017 Q1
1 quarter
|
|
236
ServiceNow
NOW
$106B
| $5.64M | 0.11% |
266,085
+116,170
| +77% | +$2.28M |
2016 Q4
2 quarters
|
|
237
Teledyne Technologies
TDY
$28.7B
| $5.64M | 0.11% |
+44,143
| New | +$5.72M |
2017 Q2
0 quarters
|
|
238
Valvoline
VVV
$4.44B
| $5.61M | 0.11% |
+236,546
| New | +$5.48M |
2017 Q2
0 quarters
|
|
239
DELISTED
Spirit AeroSystems
SPR
| $5.57M | 0.11% |
96,166
+89,006
| +1,243% | +$5M |
2017 Q1
1 quarter
|
|
240
Intuitive Surgical
ISRG
$160B
| $5.5M | 0.11% |
+52,938
| New | +$5.09M |
2017 Q2
0 quarters
|
|
|
ESV
241
DELISTED
Ensco Rowan plc
ESV
| $5.5M | 0.11% |
266,584
+65,693
| +33% | +$1.89M |
2015 Q3
7 quarters
|
|
242
WEC Energy
WEC
$38.1B
| $5.43M | 0.11% |
88,422
+31,499
| +55% | +$1.95M |
2016 Q3
3 quarters
|
|
243
Broadcom
AVGO
$1.4T
| $5.39M | 0.11% |
+231,220
| New | +$5.36M |
2017 Q2
0 quarters
|
|
244
FirstEnergy
FE
$26.9B
| $5.39M | 0.11% |
+184,775
| New | +$5.49M |
2017 Q2
0 quarters
|
|
|
CAVM
245
DELISTED
Cavium, Inc.
CAVM
| $5.36M | 0.11% |
86,293
+79,890
| +1,248% | +$5.58M |
2017 Q1
1 quarter
|
|
246
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$44.6B
| $5.31M | 0.1% |
24,900
-16,300
| -40% | -$3.42M |
2017 Q1
1 quarter
|
|
247
PACCAR
PCAR
$53.7B
| $5.29M | 0.1% |
120,200
+112,509
| +1,463% | +$4.86M |
2016 Q3
3 quarters
|
|
|
CLR
248
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $5.26M | 0.1% |
162,745
+104,145
| +178% | +$4.12M |
2016 Q4
2 quarters
|
|
249
Prosperity Bancshares
PB
$8.6B
| $5.23M | 0.1% |
81,428
+74,350
| +1,050% | +$4.9M |
2017 Q1
1 quarter
|
|
250
Lockheed Martin
LMT
$131B
| $5.16M | 0.1% |
+18,600
| New | +$5.11M |
2017 Q2
0 quarters
|
|
Similar funds
Squarepoint's Q2 2017 Portfolio in Review
As of Q2 2017, Squarepoint held 2,064 positions worth $5.08B, up 40% from $3.63B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Squarepoint deployed $1.39B of net new capital in Q2 2017, opening 586 new positions and adding to 519 existing holdings. Its largest new stake was iShares MSCI Taiwan ETF: 2,618,387 shares worth $93.6M.
By sector, the portfolio is most concentrated in Miscellaneous at 17% of assets, up from 15% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, an estimated $33M trimmed.
- Squarepoint's largest Q2 2017 buy was iShares MSCI Taiwan ETF: 2,618,387 shares worth $93.6M.
- Squarepoint added most to VanEck Gold Miners ETF in Q2 2017, an estimated $71.9M increase.
- Squarepoint's biggest Q2 2017 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $33M.
- Squarepoint fully exited iShares MSCI EAFE ETF in Q2 2017, selling an estimated $26.5M.
- Squarepoint's ten largest holdings make up 16% of its $5.08B portfolio in Q2 2017.
- Squarepoint opened 586 new positions and closed 568 in Q2 2017.
- Squarepoint's portfolio value rose 40% quarter-over-quarter to $5.08B.
Based on Squarepoint's 13F filing for Q2 2017, filed 14 Aug 2017.